Unisplendour Corporation Limited, a subsidiary of China's Tsinghua University, has agreed to invest US$3.78 billion in U.S. digital content storage firm, Western Digital Corporation. In a joint announcement, a subsidiary of Unisplendour has agreed to purchase newly issued shares of Western Digital, which is listed on the NASDAQ, at US$92.5 each. The deal will give […]

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China’s official manufacturing purchasing managers index (PMI), the bellwether of large industrial firms, inched up to 49.8 in September from 49.7 in August. In the meantime, the Caixin manufacturing PMI, a small and medium enterprise private sector focused indicator, fell to 47.2 in September, from 47.3 in August. "Two straight months of manufacturing sector contraction […]

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Customs officers have arrested a 23-year-old woman after finding 3.8kg of cocaine worth $4.4 million in false compartments in a suitcase she was carrying at the airport.

She arrived in Hong Kong from Brazil yesterday.

She will face drug-trafficking charges at Tsuen Wan Magistracy tomorrow.