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  • October 26, 2014
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  1. Business - Companies - E-COMMERCE

    Alipay gets new name in financial services push

    Posted Oct 17th 2014, 05:29am by Reuters

    ... has changed the name of its Alipay financial services affiliate to Ant Financial Services Group as it steps up its push into the financial services industry. Alibaba has been aggressively ... its Alipay Wallet mobile app, the company said yesterday. The rebranding of the Alipay unit, whose legal name is Zhejiang Ant Small and Micro Financial Services Group, is part of a strategy ...

  2. Business - Companies

    China companies raising standards in innovation

    Posted Oct 22nd 2014, 05:28am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com Mainland products are gradually gaining global respect for their quality but companies must spend more resources on research and development ... battery". Such technological and design improvements have helped Huawei quickly win market share from dominant smartphone makers Apple and Samsung. It is one of a growing band of mainland companies ...

  3. Business - China Business - CHINA

    Chinese companies facing capital spending crunch

    Posted Oct 16th 2014, 12:38pm by Reuters

    ... capital spend crunch Mainland companies are on a pace to cut capital spending by around 7 per cent this year, the biggest annual reduction since the global financial crisis, deepening an economic ... interviews with companies and analysts showed. A Reuters analysis of 335 Chinese companies, ranging from drug to machinery makers, shows investment is expected to fall 7.3 per cent this year- or 74 ...

  4. Business - Companies - MERGER

    Billionaire Fredriksen merges bulk carriers to catch shipping recovery

    Posted Oct 09th 2014, 05:43am by Bloomberg

    ... in Knightsbridge, which will issue 61.5 million shares, the Bermuda-based companies said on Tuesday. Fredriksen's Hemen Holding, which owns 41 per cent of Golden Ocean and 38 per cent of Knightsbridge, will, with affiliates, control about 39 per cent of the combined company. "With the current weakness in the dry bulk market, we believe there will be attractive consolidation opportunities ...

  5. Business - China Business - COMMENT

    Private, not state, companies drive China's growth

    Posted Oct 16th 2014, 05:51am by Bloomberg

    ... Peter Orszag Author's thesis is that private firms are now the main economic driver and source of new jobs Private, not state, companies drive China's growth In China, the conventional wisdom holds that state-owned enterprises dominate the economy, private companies are often starved for credit, and the central government exerts substantial influence. But here's ...

  6. Business - Comment - LAI SEE

    MTR linked to company involved in CY Leung payments row

    Posted Oct 11th 2014, 04:09am by Howard Winn

    ... Howard Winn With the dust swirling around Chief Executive Leung Chun-ying's involvement with Australian engineering and property services firm UGL, it is worth noting the company's other links with Hong Kong. UGL, according to its website, has since 2002 had a contract with MTR Corp to maintain a fleet of 120 passenger cars which service the Kwun Tong line. ...

  7. Business - Money - STOCKS

    US companies poised to spend US$914b on buy-backs and dividends

    Posted Oct 09th 2014, 05:43am by Bloomberg

    ... onbuy-backs, dividends Companies in the Standard & Poor's 500 Index really love their shareholders. Maybe too much. They are poised to spend US$914 billion on share buy-backs and dividends ... you actually have to have a business with real growth," said Chris Bouffard, the chief investment officer at Mutual Fund Store. "Companies have done about all that they can in terms ...

  8. Business - Companies - CURRENCIES

    Soaring greenback poses earnings threat to US companies

    Posted Oct 07th 2014, 12:14pm by Reuters

    ... Reuters in New York Third-quarter profit-growth expectations for S&P 500 companies have fallen to 6.4pc from about 11pc two months ago as currency gains ground Surging dollar to hit U.S. profits They were the bank assets nobody would touch during Europe's financial crisis. Late payments on credit cards, underwater mortgages and failed loans to small businesses. Now ...

  9. Business - Companies - TECHNOLOGY

    Hewlett-Packard has to win over sceptics on company split

    Posted Oct 07th 2014, 11:10am by Reuters

    ... a spin-off for the company’s computer and printing business. But some on Wall Street are sceptical. Investors and analysts generally gave a thumbs up on the move to separate HP’s computer ... at Standard Life Investments. “There’s not a whole lot they can do to improve that growth profile.” The split does create a company with strong cash flows, a high dividend yield and a major market ...

  10. Business - Companies

    Hewlett-Packard to split into two companies

    Posted Oct 07th 2014, 05:26am by Bloomberg

    ... Bloomberg in San Francisco Technology company the latest player in the industry to shake up business structure HP to split into two in bid to stay competitive Hewlett-Packard plans to split into two companies, becoming the latest technology company to seek a new structure in order to remain competitive. The move will see the loss of 5,000 jobs, bringing to 55,000 the cuts ...




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