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  • August 29, 2014
  • Last updated: 10:54am
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  1. Business - Economy - MARKETS

    New stock index makes waves in Japan

    Posted Aug 29th 2014, 10:20am by Bloomberg

    ... hoarding cash. Tanaka’s index, which aims to stoke the economy, is changing company behaviour and winning fans such as Goldman Sachs even as detractors deride its makeup and say it will cause ... is at the forefront of an experiment in corporate engineering with an index, considered by some to be a smart beta gauge that ranks companies on profit measures such as return on equity and market value. ...

  2. Business - Companies - EARNINGS

    Net income triples at Alibaba as revenue jumps 46pc

    Posted Aug 28th 2014, 01:53pm by Reuters

    ... market debut. The e-commerce giant, whose initial public offering could be the largest by a technology company, said mobile revenue was roughly a third of its total transaction volume ... helped the company generate gross merchandise volume of US$296 billion in the 12 months to June. With people increasingly accessing the internet from smartphones and tablets, online companies ...

  3. Comment - Insight & Opinion

    China must stop its arms sales to war-torn South Sudan

    Posted Aug 20th 2014, 11:49am by JEHANNE HENRY

    ... affiliation. The forces have destroyed huge swathes of towns, including hospitals, churches and schools, and pillaged everything they could find. The results: thousands killed, property destroyed, ...

  4. Business - Companies - EARNINGS

    Haier Electronics on lookout for more logistics acquisitions

    Posted Aug 27th 2014, 11:40am by BIEN PEREZ

    ... acquisitions to bolster its fast-growing logistics service business, after the company posted a 19 per cent year-on-year increase in first-half net profit. The company, a subsidiary of home appliances ... to professional third-party logistics companies. "The group will reinforce investments and enhance its merger integration capability, aiming to absorb more third-party logistics teams ...

  5. News - China - CORRUPTION

    China Resources Power president and Shanxi tycoon detained by authorities

    Posted Aug 26th 2014, 11:42pm by Keira Lu Huang, Angela Meng

    ... 49, who is also the company's executive director, was under investigation by prosecutors in Jiangsu province. The announcement came as sources revealed that Zhang Xinming- once the richest man in Shanxi with estimated assets valued at 4 billion yuan (HK$5 billion)- had been detained earlier this month. Zhang is the founder of Shanxi Jinye Coking Coal, the company ...

  6. Business - Commodities - EARNINGS

    Chongqing Iron & Steel losses widen 23pc

    Posted Aug 29th 2014, 09:39am by Enoch Yiu

    ... The company said slower economic growth hit revenue, which dropped sharply by 35.18 per cent to 6.03 billion yuan. It also suffered investment losses of 2.07 billion yuan, a whopping 176 per cent jump ...

  7. News - World - UKRAINE

    Putin hits out at new US sanctions targeting major Russian companies

    Posted Jul 17th 2014, 11:10pm by AGENCIES

    ... Agencies in Washington Washington imposes targeted measures against big Russian companies over Ukraine crisis but excludes Gazprom; Europe considers next step Putin hits out at fresh U.S. ... on Russia while limiting any spillover effects on American companies or those who are allies." The sanctions in effect close the firms to medium- and long-term dollar funding. Other targets ...

  8. Business - Money - INVESTMENT

    Expat investors launch suits against advisers, trustees and insurance firms

    Posted Aug 28th 2014, 11:51am by Benjamin Robertson

    ... investors launch suits over failed fund Expatriate investors in a failed Australian mortgage fund have started to sue financial advisers, pension fund trustees and listed life insurance companies ... advisers have no professional indemnity insurance. That made insurers and trust companies a natural target for litigation, Whitehead said. Several LM investor groups told the South China Morning ...

  9. Lifestyle - Technology

    Hong Kong gamers line up for rich pickings

    Posted Aug 29th 2014, 10:28am by ALAN YU

    ... video games can become a legitimate career. But e-sports, as it is called, is a growing global phenomenon, and a Hong Kong company is grooming local enthusiasts to compete on the world stage. Derek Cheung, the 23-year-old CEO of Hong Kong Esports, embraces the challenge and, for the second year running, his company is hosting a contest to find the city's best players and show ...

  10. Business - Companies - EARNINGS

    Sino Land's core earnings decline 24pc for year

    Posted Aug 28th 2014, 05:03am by Yvonne Liu

    ... property companies in Hong Kong. With the inclusion of investment property revaluation gains, net profit was HK$8.92 billion, down 23.66 per cent from HK$11.69 billion a year earlier. The result ... share was declared, bringing the full-year payout to 50 HK cents, the same as last year. Meanwhile, Sino Hotels (Holdings), another listed company of the parent Sino Group, said its net profit ...




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