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  1. News - World - ARMS TRADE

    US weapons sales hit record US$66b in 2011 on back of massive Saudi deal

    Posted Aug 29th 2012, 12:00am

    ... of the global arms trade market," said the report by the nonpartisan Congressional Research Service, calling US$66.3 billion "a clear outlier figure". While Washington remained ... recordUS$66 b last year US weapons sales tripled last year to a record US$66.3 billion, pumped up by $33.4 billion in sales to Saudi Arabia. The US sales accounted for 78 per cent of all global arms ...

  2. Business - Companies - ELECTRONICS

    Foxconn arm flags profits warning as customer demand falls

    Posted Jan 24th 2013, 12:00am by Charlotte So

    ... Charlotte So Charlotte.so@scmp.com Foxconn arm flags profits warning Foxconn International Holdings (FIH), part of Taiwan's Hon Hai Precision Industries, has flagged a profit warning for the full year of 2012, continuing its losses from the first half. FIH is a subsidiary of Hon Hai, the world's largest contract electronics manufacturer, which trades as Foxconn, ...

  3. Citic Bank's offshore arm bets on yuan

    Posted Apr 11th 2011, 12:00am

    ... Lulu Chen Citic Bank International (CBI), an offshore commercial banking arm of China Citic Bank, said the yuan cross-border transactions settled by the bank reached HK$34.8 billion in the period January to mid-March. The amount was equivalent to almost 60 per cent of CBI's total yuan trade settlements last year. Hong Kong contributed the largest share of the growth and CBI ...

  4. Chinalco's engineering arm braves difficult market

    Posted Jun 21st 2012, 12:00am

    ... construction and has stakes in metals mining projects overseas. MCC is trading at 6.42 times last year's net profit per share. MCC, a much bigger rival of China Aluminum, posted a net profit ... railways, are trading at eight times last year's earnings. 'While Beijing's recent move to speed up infrastructure construction will boost fixed-assets investment and increase demand ...

  5. Cable links bank and N Korean arms dealer

    Posted Sep 10th 2011, 12:00am

    ... Naomi Rovnick naomi.rovnick@scmp.com China Guangfa Bank, the mainland lender part-owned by Citigroup, had a banking relationship with the North Korean government's main arms dealer as recently as 2009, a US diplomatic cable released by Wikileaks alleges. Washington had 'specific information' suggesting Guangfa was doing business with an entity named Global Trading ...

  6. Firm's US arm fits mainland strategy

    Posted May 23rd 2007, 12:00am by Josie Liu

    ... Parks, president of Haier's refrigerator arm in Camden, South Carolina, said Haier had shown that a mainland company can establish a successful business in the US, and that 'you can ... is going into natural resources in places like Africa and Latin America. Even though it is possible that more Chinese investment will come to the US, Dr Lardy said the tension over the huge trade ...

  7. China Everbright arm plans backdoor listing

    Posted Jul 25th 2006, 12:00am by Staff Reporter

    ... company, said its mainland brokerage arm is seeking a domestic listing in the A-share market. Under the plan, Everbright Securities, of which China Everbright owns 46.66 per cent, will float its ... in 1996, Everbright Securities was the eighth-largest brokerage by trading turnover last year. The company, which has 47 branch offices in 19 provinces nationwide, accounted for a market share ...

  8. SKHP's Real Estate arm goes on offensive

    Posted Oct 31st 2007, 12:00am by Kenneth Ko

    ... IFC in Central to Sun Hung Kai Centre in Wan Chai, World Trade Centre in Causeway Bay, Millennium City in Kwun Tong, Grand Century Place in Mong Kok, New Town Tower in Sha Tin, Metroplaza ... while most of the tenants in our Kwun Tong and Kwai Chung properties are from trading and other industries.' 'Our Millennium City office towers in Kwun Tong have also absorbed some ...

  9. Paper giant's HK arm cleared for bailout

    Posted Oct 05th 2005, 12:00am by Jane Moir

    ... for the arrangement had common directors with the firm. APP (HK) was set up in August 1997 and operated as a trading and distribution arm of the APP Group, one of the largest pulp and paper producers ... Jane Moir Court lets APP unit restructure $1b debt that will see creditors take 90pc haircut The Hong Kong arm of Asia Pulp & Paper Group has obtained court approval to restructure up ...

  10. Abu Dhabi's US$650b investment arm wooed

    Posted Feb 01st 2008, 12:00am by Dennis Eng

    ... hoped the authority would establish an office in the city, and said the government would do what it could to be accommodating. The Trade Development Council's office in Dubai could also ...




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