Hong Kong  - The assets of Hong Kong budget airline Oasis, which collapsed in April, will go on sale Tuesday, the company organising the auction confirmed Monday.

The assets, divided into 50 lots, include aviation gear and spares and a virtual simulator used to train pilots alongside cabin furnishings such as cabinets, seats and head rests.

GoIndustry DoveBid, which specialises in the sale and valuation of assets, said the auction would begin Tuesday afternoon and close Thursday.

Hong Kong  - An investigation was underway in Hong Kong Monday following a fire in a 15-storey building which left four dead and at least 55 people injured.

The blaze - one of the worst in the city in the last decade - began in a karaoke nightclub on the mezzanine floor of the building early Sunday morning and spread upwards through the high-rise block of flats trapping dozens of residents.

Hong Kong - Villagers from a hamlet in northern Hong Kong are fighting plans to build a repository for the cremated remains of people claiming the building still under construction has caused bad feng shui, a media report said Saturday.

The building containing the columbarium in Tsui Keng Lo Wai village is already half completed after being converted from several houses, the South China Morning Post said.

Speaking during a demonstration against the scheme on Friday, village representative Rico Yau said villagers plan to seek an injunction to stop the project.

One angry villager Chan Chin-fai said: "We bury our ancestors on the hillsides. How dare the developers put outsiders' niches in the middle of the village."

Hong Kong - A local pro-Tibetan protester was thrown out of the Olympics equestrian events soon after the start of the competition Saturday after she unfurled a Tibetan flag.

University student Christina Chan was ejected by police and security officers for breaking rules at the two equestrian venues that ban the display of the Tibetan flag, political slogans and commercial advertising.

Chan was seated in the front row at the start of the dressage competition that began around 6:30 am in the Sha Tin district of Hong Kong.

Hong Kong - A China Airlines jetliner aborted its landing at Hong Kong International Airport because of wild weather and returned to Taiwan leaving about 300 passengers in a state of shock, a media report said Friday.

Flight CI 617 rose to 3,000 metres in a minute and turned back to Taipei at 12:47 am Thursday after it had descended to just 100 metres above sea level on its landing approach, the South China Morning Post said.

Passengers were not told by the pilot what had happened until 20 minutes after the landing had been aborted.

Hong Kong - Hong Kong's economy could slow in the second half of this year as the impact of a slump in the United States and economic woes in Western Europe spread to Asia, the head of Hong Kong government's banking body said Thursday.

Economic growth could be lower than expected because there are signs Asia is being affected by the downturn in Western economies, Monetary Authority Chief Executive Joseph Yam warned. The authority is responsible for managing Hong Kong's official reserves and keeping the Hong Kong dollar stable.