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HONG KONG, Sept 3 Asia Pulse - Highlights of today's newspapers:
SOUTH CHINA MORNING POST:
- Hong Kong stocks are set to extend a record-setting rally as earnings growth, economic expansion and the inflow of funds from the mainland lift share prices, according to Merrill Lynch.
- The mainland aims to have 31 refineries each capable of processing 10 million tonnes of crude oil annually by 2015, up from about 20 planned for 2010 and nine at the end of last year.
- China Eastern Airlines (SEHK: 0670) alliance with Singapore Airlines (SIA) will benefit holders of the company's H shares, who are likely to see increases in both share price and dividends, said chairman Li Fenghua yesterday.
- Hong Kong's Citic Ka Wah Bank expects "transformational growth" by 2010 after it fully integrates the Asia wholesale operations of Spanish lender Banco Bilbao Vizcaya Argentaria.
- A multibillion-yuan terminal nearing completion on the Huangpu River in the heart of Shanghai could help fulfil the city's ambition to become the top cruise ship hub in Asia.
Source: HighBeam Research, HONG KONG NEWSPAPER HIGHLIGHTS - SEPT 3, 2007.