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  • July 26, 2014
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  1. Business - China Business - ANIMAL WELFARE

    Cosmetics firms 'abandon cruelty-free policies' to stake claim in China market

    Posted Aug 13th 2012, 12:00am by Patsy Moy

    ... are alleged to have quietly abandoned their cruelty-free policies to get a slice of the massive mainland market. Animal welfare groups have now removed big names such as Estee Lauder, Mary Kay ... are still required to be tested on animals before they can be registered by the authorities. A Hong Kong spokeswoman for People for the Ethical Treatment of Animals said: "We used to accredit ...

  2. Business - Banking & Finance - MONETARY POLICY

    Beijing to reduce intervention in yuan when time is right, PBOC chief says

    Posted Jul 10th 2014, 03:07pm by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Beijing pushes back as US treasury secretary calls for market-determined exchange rate Yuan intervention to ease when time right, says PBOC China will increase the flexibility of the yuan exchange rate and reduce intervention when conditions are ready, its central bank chief said yesterday. "We hope that market demand ...

  3. Business - Companies - LEGISLATION

    Workers' rights key for legislators in weighing up Hong Kong bankruptcy bill

    Posted Jul 07th 2014, 05:26am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Worker protection key in backing for 'Chapter 11' bill Employee protection will be a key consideration for lawmakers deciding whether to support the introduction of US-style Chapter 11 bankruptcy legislation in Hong ...

  4. Business - Companies - FOOD

    Itochu links with CP Pokphand in cross-share deal for Asia push

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

    ... incomes across Asia attract global players to the local food industry. Investing in CP Pokphand, which has a market value of US$3 billion and produces animal feed in China and owns farms ... and ready-to-eat meals from animal feeds," Naree said. Itochu is adding to a food empire that already boasts convenience store operator FamilyMart, cooking oil maker Fuji Oil and wholesaler Nippon ...

  5. Business - Banking & Finance

    OCBC edges nearer to Wing Hang full control

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

    ... share bid price. The offer, made in April, has been accepted by shareholders including the family of Wing Hang's chairman Patrick Fung. "It's nice to see this moving in the right ...

  6. Business - Money - EQUITIES

    Not too late to buy into mainland rally, says investor Mark Mobius

    Posted Jul 26th 2014, 01:39am by BLOOM

    ... equities at Nikko Asset. "The time is right to reassess that. Banks have stopped underperforming. There will have to be more reforms in China for banks to start outperforming." ...

  7. Business - MACROSCOPE

    US Fed must stick to transparency without giving away the store

    Posted Jul 21st 2014, 03:18am by DAVID BROWN

    ... animal spirits, while steering clear of irrational exuberance and moral hazard. It needs to find a middle way that is credible to consumers, business and markets alike. Markets must stay focused ...

  8. Business - Companies - THE INTERVIEW

    Snapdeal founder's silver linings playbook'

    Posted Jul 26th 2014, 01:39am by BIEN PEREZ

    ... are well-capitalised right now and have investors with a long-term view of the business. Nobody is pushing us to go public anytime soon. As we get bigger, the number of potential buyers will get smaller ...

  9. Business - Companies

    NWS Holdings plans to buy majority stake in Guangdong highway operator

    Posted Jul 23rd 2014, 01:33am by CHIM SAU-WAI

    ... was subject to waiving the pre-emptive right to buy Zhejiang Highway's equity interest held by the other shareholder, Guangdong Province Road and Bridge Construction Development. The pre-emptive right will be waived if Guangdong Province Road does not exercise it by August 20. NWS said the purchase would be funded by internal resources and bank financing, with the total consideration ...

  10. Business - Economy

    South Korea embarks on big stimulus spree

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

    ... and there is a social understanding right now that the economy has to be supported," said Kim Jong-su, an economist at Taurus Investment & Securities. "I feel that the measures will work." ...




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