Asia Top News and Analysis Hong Kong

  • Hutchison Whampoa, tycoon Li Ka Shing's ports-to-telecoms flagship, posted a 40% surge in 2006 net profit on Thursday, largely in line with forecasts, on narrowing losses at its third-generation mobile telecoms business and exceptional gains.

  • Shareholders of Hutchison Telecommunications International have approved the $11.1 billion sale of a controlling stake in India's No. 4 cellular operator to Britain's Vodafone Group.

  • Cathay Pacific Airways, Asia's third-largest carrier, posted a 24% rise in net profit on Wednesday as earnings were buoyed after it bought rival Dragonair. But volatile fuel pricescurbed the increase.

  • Business activity in Hong Kong expanded at its sharpest pace since April 2000 in December, propped up by a surge in new orders driven by strong demand from mainland China.