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  • September 3, 2014
  • Last updated: 2:40pm
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  1. Business - Economy - Consumption

    Growth in Australia’s GDP slows to 0.5pc

    Posted Sep 03rd 2014, 02:35pm by Reuters

    ... contribution to growth as firms refilled shelves after several quarters of running down stocks. Home construction expanded a robust 5.7 per cent in the quarter to be almost 15 per cent higher ... – and still ahead of most of its rich-world peers. Data showed on Wednesday that gross domestic product rose 0.5 per cent from the first quarter, when it expanded by a surprisingly strong 1.1 per ...

    http://www.scmp.com/business/economy/article/1584414/growth-australias-gdp-slows-05pc
  2. Business - Economy - COMMENT

    Funding must be front and centre in debate on third runway

    Posted Sep 03rd 2014, 02:18pm by Jake Van Der Kamp

    ... and target a return of 2 per cent a year, which is not high in ordinary times. This would yield HK$4 billion a year, enough to pay 111,000 old people that pension of HK$3,000 a month, and we could ...

    http://www.scmp.com/business/economy/article/1584400/funding-must-be-front-and-centre-debate-third-runway
  3. Business - Companies - TECHNOLOGY

    Baidu raises bar in mobile mapping with US$10m IndoorAtlas investment

    Posted Sep 03rd 2014, 01:54pm by BIEN PEREZ

    ... at Baidu build out our location-based services platform for local merchants in China and abroad”. In August last year, Baidu snapped up 59 per cent of China’s group-buying services company Nuomi ... it to generate about 30 per cent of its sales from mobile device users. [Indoor positioning] is a hotly contested and lucrative space with billions of advertising dollars at stake Greg Sterling, Opus ...

    http://www.scmp.com/business/companies/article/1584387/baidu-raises-bar-mobile-mapping-us10m-indooratlas-investment
  4. Sport - Rugby

    Hugh Watkins raises the bar for refs

    Posted Sep 03rd 2014, 12:57pm

    ... manager, Matt Rodden, has identified potential referees for enrolment in a junior academy for 15- to 20-year-olds. “What we’ve done is laid down a very clear framework and pathway for referees ...

    http://www.scmp.com/sport/rugby/community/article/1584368/hugh-watkins-raises-bar-refs
  5. Business - Companies - TELECOMMUNICATIONS

    China Mobile shares hit HK$100 on iPhone hopes

    Posted Sep 03rd 2014, 12:00pm by Ray Chan

    ... is the industry’s most developed. At 11.45am, shares of China Mobile gained 2.96 per cent to HK$100.90, while its smaller rivals China Telecom and China Unicom shed 0.4 per cent and 2.1 per cent, respectively. The benchmark Hang Seng Index added 1.17 per cent. ...

    http://www.scmp.com/business/companies/article/1584341/china-mobile-shares-hit-hk100-iphone-hopes
  6. Comment

    Turning on the money tap will do little to ease China's liquidity bottlenecks

    Posted Sep 03rd 2014, 11:50am by Hu Shuli

    ... there's little sense for an all-out boost to raise supply. Growth in the M2 broad money measure slowed in July, but was still higher than the target of 13 per cent, while interest rates ...

    http://www.scmp.com/comment/article/1584332/turning-money-tap-will-do-little-ease-chinas-liquidity-bottlenecks
  7. Business - Economy - COMMENT

    Link between Chinese exports and US job losses isn’t cut and dried

    Posted Sep 03rd 2014, 11:48am by PATRICK LOW

    ... of US manufactured imports over the period was about 15 per cent, having grown from less than 10 per cent in 1999 to 23 per cent in 2011. Given the structure of Chinese imports, the authors calculate that the US lost 560,000 jobs to Chinese exports from 1999 to 2011, or a little less than 10 per cent of the 5.8 million. Those were the direct losses. The indirect knock-on effects within ...

    http://www.scmp.com/business/economy/article/1584327/link-between-chinese-exports-and-us-job-losses-isnt-cut-and-dried
  8. Business - Economy - SURVEY

    China services PMI edges up to 54.4

    Posted Sep 03rd 2014, 10:56am by Reuters

    ... made up 46.1 per cent of gross domestic product last year, surpassing the secondary sector – manufacturing and construction – for the first time. Services overtook manufacturing as China’s ... calls for more policy easing to prevent the economy from stumbling once more. China’s annual economic growth picked up slightly to 7.5 per cent in the second quarter, in line with the official ...

    http://www.scmp.com/business/economy/article/1584309/china-services-pmi-edges-544
  9. Business - Economy - REPORT

    Japan overtakes Hong Kong in competitiveness rankings

    Posted Sep 03rd 2014, 10:43am by Reuters

    ... above US$100,000 per head. ...

    http://www.scmp.com/business/economy/article/1584291/japan-overtakes-hong-kong-competitiveness-rankings
  10. Business - China Business - REGULATION

    Chinese insurers fined 111m yuan over price fixing in car policies

    Posted Sep 03rd 2014, 10:19am by Kwong Man-ki

    ... was the organiser and planner of the price monopoly, was fined 500,000 yuan, while a penalty of 110.2 million yuan was imposed on the 23 insurers, which is equivalent to 1 per cent of their revenues from ... 15.99 million yuan and China United Property Insurance got a fine of 10.29 million yuan. PICC Property & Casualty, the first company to report to the NDRC and submitted a report on the key ...

    http://www.scmp.com/business/china-business/article/1584278/chinese-insurers-fined-111m-yuan-over-price-fixing-car

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