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  • September 30, 2014
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  1. Business - Commodities - STEEL

    Sinosteel chief ousted by Beijing amid woes in steel sector

    Posted Sep 25th 2014, 06:26am by Eric Ng, Bloomberg

    ... of duties. Former chairman Wang Xiaoxiu has also been detained on alleged abuse of power and severe dereliction of duties. The firm blamed its dire liquidity situation on the sharp fall in steel ...

    http://www.scmp.com/business/commodities/article/1599739/sinosteel-chief-ousted-beijing-amid-woes-steel-sector
  2. News - World - FINANCE

    Global tax reform plan to crack down on tax avoidance is 'biggest in a century', OECD says

    Posted Sep 20th 2014, 02:45pm by AFP

    ... for the abuse of tax treaties and to neutralise the "cash boxes" of multinational businesses kept offshore in low-tax jurisdictions, which Gurria estimated at about US$2 trillion. They also ...

    http://www.scmp.com/news/world/article/1596776/g20-set-back-oecd-plan-tackle-global-tax-avoidance
  3. Business - Banking & Finance - FINANCE

    HSBC pays US$550m to settle US claims over mortgage-backed securities

    Posted Sep 14th 2014, 06:35am by AP

    ... previously been accused of abuses in sales of securities linked to mortgages in the years leading up to the crisis. Together, they have paid hundreds of millions of dollars in penalties to settle ...

    http://www.scmp.com/business/banking-finance/article/1591986/hsbc-pays-us550m-settle-us-claims-over-mortgage-backed
  4. Business - Companies - INTERNET

    Online liquor store Jiuxian lands 300m yuan investment

    Posted Aug 21st 2014, 06:37pm by James Griffiths

    ... James Griffiths james.griffiths@scmp.com China’s largest online alcohol retailer Jiuxian announced it had received a 300 million yuan (HK$377.9 million) equity investment from several major state-run banks, despite a recent slump in the mainland’s wine market. China Merchants Bank, Minsheng Bank, Shanghai Pudong Development Bank and Jinzhou Bank all contributed ...

    http://www.scmp.com/business/companies/article/1578566/online-liquor-store-jiuxian-lands-300m-yuan-investment
  5. Business - Economy - LAI SEE

    Former judge says Hong Kong's town planning process is unfair

    Posted Aug 28th 2014, 05:03am by Howard Winn

    ... approach to planning. You get what you want one piece at a time". He wrote to the board that Hopewell's approach was a "vexatious abuse of process" in resubmitting similar ...

    http://www.scmp.com/business/economy/article/1581336/former-judge-says-hong-kongs-town-planning-process-unfair
  6. Business - China Business

    Microsoft case among nine antitrust probes in China

    Posted Aug 27th 2014, 01:27am by Benjamin Robertson and Toh Han Shih

    ... Benjamin Robertson and Toh Han Shih Software giant comes under fire amid a crackdown that has left multinational firms scrambling for answers and defensive strategies Microsoft case among nine antitrust probes in China Alleged market abuse by Microsoft Corp’s internet browser and media player divisions is one of nine ongoing antitrust investigations into multinational ...

    http://www.scmp.com/business/china-business/article/1581027/microsoft-case-among-nine-antitrust-probes-china
  7. Comment - Insight & Opinion - MACROSCOPE

    How temporary is the new mainland mercantilism?

    Posted Aug 25th 2014, 09:28am by Derek Scissors

    ... ball-bearing makers, for supposed monopoly abuses and other legal infractions. There is more going on, however. As General Secretary of the Communist Party, Xi Jinping has launched a far bigger ...

    http://www.scmp.com/comment/insight-opinion/article/1580500/how-temporary-new-mainland-mercantilism
  8. Business - China Business - BEVERAGES

    Curbs leave alcohol firms in low spirits

    Posted Dec 10th 2013, 11:01am by TIFFANY AP, George Chen

    ... Tiffany Ap and George Chen Outlook for the high-end wine and spirit sector remains gloomy as the mainland cracks down on lavish spending at official banquets Curbs leave alcohol firms in low spirits Spirits, and prices of spirits, are low for many local and foreign alcoholic beverage companies with operations on the mainland after a challenging year marked by depressed demand ...

    http://www.scmp.com/business/companies/article/1377316/curbs-leave-alcohol-firms-low-spirits
  9. Business - Companies - TECHNOLOGY

    China regulator sees Qualcomm as having a monopoly

    Posted Jul 25th 2014, 01:35am by Reuters

    ... it said in February the US chipmaker was suspected of overcharging and abusing its market position in wireless communication standards, allegations which could see it hit with record fines of more than US$1 billion. The Securities Ti mes report, based on unidentified sources it said were close to the NDRC, did not say whether the regulator had determined that Qualcomm had abused its ...

    http://www.scmp.com/business/companies/article/1558528/china-regulator-sees-qualcomm-having-monopoly
  10. Comment - Insight & Opinion - MACROSCOPE

    Trade discord delivers fresh dent to WTO credibility

    Posted Aug 06th 2014, 12:50pm by PATRICK LOW

    ... Patrick Low Reform in the institution's decision-making processes is needed to avoid abuse of the consensus requirement by the minority Trade discord delivers fresh blow to WTO credibility The World Trade Organisation is in the news again. The last time was in December when a deal struck on the Indonesian island of Bali ended more than a decade of deadlock in the Doha Round ...

    http://www.scmp.com/comment/insight-opinion/article/1567549/trade-discord-delivers-fresh-dent-wto-credibility

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