Related
Prada raises 1.5 billion euros in Hong Kong share sale 
Disastrous year for Japanese shares 
China buys top bank shares 
World stocks tumble on recession fears 
Standard & Poor’s says don’t blame us Luggage-maker Samsonite has had a poor performance on its first day on the Hong Kong Stock Exchange. Its share price fell by more than 10 percent, though it did raise enough to pay off debts.
The company is owned by a private equity group and Britain’s Royal Bank of Scotland. Entering the Hong Kong exchange is seen as a way of tapping into the emerging Asian market, now that recession has slowed the travel industry.
More about: Economy, Hong Kong, MarketsCopyright © 2012 euronews
JavaScript is required in order to view this article’s accompanying video
Top Stories
UN condemns Syrian government for Houla shelling
Protests have erupted across Syria after Friday’s massacre of at least 100 people, many of them children, in the town of Houla. With international…
IMF chief back-tracks over Greek tax-dodging
Greek and French politicians are making political capital out of remarks made by the IMF chief…
Haneke wins top prize as Cannes
This year’s jury president at Cannes, actor director Nanni Moretti announced the winner of…
Corporate news
Aramco, Sumitomo plan petrochemical expansion- Nissan’s electric jobs promise for Spain
- Fees setback for MasterCard
- Air France-KLM talks job cuts with unions
- Sharing turns to suing over Facebook IPO
- Call it Miat or Fazda, it’s definitely sporty
- Bankia’s black hole to be plugged
- Yahoo cashes in Chinese stake
- Ryanair issues profits warning for 2013
- Writing on wall for Opel’s Bochum plant
euronews on facebook
