Business -- June 23, 2006

• BOC begins online domestic IPO
• China to cut import tariffs for sedans, cross-country vehicles and auto parts
• China accepts iron ore price hike, but slams "out of rule" talks
• Cathay Pacific makes biggest freighter fleet expansion
• Establishment of minerals exchange market for West Africa urged

• Exchange Fund important to maintain HK's financial stability: MA chief
• New railway to make travel easier for Tibetan lamas
• RMB against dollar falls below 8 yuan at inquiry system
• Top minds in heated debate on RMB, trade
• U.S. leading economic index declines sharply

• Why has BMW entered the clothes market?