Asian stocks erased gains as Sun Hung Kai Properties Ltd. (16) led a decline in Hong Kong shares after a director of the world’s largest real estate company was arrested as part of a bribery investigation. Exporters rose as confidence among U.S. homebuilders improved.
Sun Hung Kai slipped 1.6 percent in Hong Kong following the arrest of Thomas Chan Kui-Yuen, an executive director at one of the company’s units, by the Independent Commission Against Corruption. Samsung Electronics Co. (005930), Asia’s biggest consumer- electronics maker, gained 1.1 percent in Seoul. LG Display Co. (034220), a manufacturer of liquid crystal displays that gets about 16 percent of its sales from the U.S., rose 1.4 percent.
GCC chambers to honor inventors
Under the patronage of Abdul Latif Al-Zayani, secretary general of the Gulf Cooperation Council, the Federation of GCC Chambers will be organizing the closing ceremony of the 2nd Gulf campaign for th
UNB committed to improve overall services
The Union National Bank (UNB) is committed to continue with improving and developing overall customer service by motivating its staff to exceed customer expectations, create a strong customer service