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  • April 16, 2014
  • Last updated: 1:23pm
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  1. Business - China Business - EARNINGS

    Shareholders on alert over poor corporate earnings of 100 Hong Kong companies

    Posted Jan 27th 2014, 04:23am by Denise Tsang, Eric Ng

    ... year Shareholders have been put on alert over poor corporate earnings for last year, with a rash of warnings from Hong Kong-listed companies underscoring challenges as the mainland economy remains mired in its weakest growth in 14 years. Almost 100 companies have warned of either losing money or recording significant declines in profitability for last year, filings to Hong Kong ...

  2. Business - Money - THE INSIDER

    Earnings reports spur surge in deals, with buyers at the fore

    Posted Mar 31st 2014, 05:27am by Robert Halili

    ... ROBERT HALILI Robert.halili@scmp.com Transactions rise for second week, swelling to HK$793m, with Lee Shau-kee the top spender Earnings reports spur surge in deals, with buyers at the fore Results announcements results helped boost insider activity for the second straight week, with 235 transactions worth HK$793 million, filings to the stock exchange show. The figures were sharply ...

  3. China Railway on track to acquire airport unit from parent company

    Posted May 19th 2010, 12:00am by Toh Han Shih

    ... the acquisition for approval by Beijing. Last December, China Railway announced its parent would acquire China Airport for free under a decision by the State-owned Assets Supervision and Administration ... cent to 283 billion yuan in April. Recently, China Railway won 69.22 billion yuan in orders, representing 20 per cent of its revenue last year, the company said on the website of the Shanghai ...

  4. Business - Money

    Buffett to earn US$123m more in dividends after banks pass stress tests

    Posted Mar 28th 2014, 01:40am by BLOOM

    ... will generate US$123 million more each year after companies including Wells Fargo and American Express passed the Federal Reserve stress tests and were cleared to lift dividends. Berkshire Hathaway, ... and American Express, the No1 credit-card issuer by purchases. While Buffett, 83, has rejected the idea of a dividend at Berkshire, he welcomes payouts from companies he invests in, using the funds ...

  5. Business - Banking & Finance - BANKING

    Lenders see credit threat on earnings

    Posted Mar 29th 2014, 01:13am by KANIS LI, KWONG MAN-KI AND RAY CHAN

    ... greater pressure in achieving sustainable and rapid earnings growth," Merchants Bank said in the results statement. China Citic Bank, which announced a 26.2 per cent gain in net profit ... credit threat on earnings A set of strong bottom-line numbers for a pair of second-tier banks on the mainland may not be good enough in the long run as they warned that credit quality issues pose ...

  6. Comment - Insight & Opinion

    Public support for plans to tackle waste must be earned

    Posted Mar 19th 2014, 06:50pm by EDWIN LAU

    ... Edwin Lau Edwin Lau suggests measures that will build government credibility Public support for plans to tackle waste must be earned The controversy over expanding our landfills ... all necessary measures mean the government has lost its credibility when negotiating with political parties that could offer support for its proposals. The first step is for officials to earn ...

  7. Business - Companies - SHIPPING

    OOIL earnings tipped lower on oversupply, freight rates fall

    Posted Mar 08th 2014, 01:40am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com OOIL earnings may take hit on oversupply, rates fall Orient Overseas International Limited (OOIL), one of the world's largest integrated container shipping companies, may dip into the red when it announces full-year results on Monday, due to oversupply in the sector and a slump in freight rates. Although analysts polled by Bloomberg forecast ...

  8. Coal prices hold key to power companies

    Posted Sep 01st 2008, 12:00am by Amanda Lee

    ... Amanda Lee Times will get tougher for China's power sector before there is any prospect of an improvement in earnings, according to analysts. Power companies blamed higher coal prices, fuel costs and state-determined tariffs for reducing their earnings. 'How well each company does will depend on their ability to attain supplies of coal at contracted prices,' ...

  9. Business - Companies - EARNINGS

    Acer announces job cuts and Jim Wong as new CEO after losses

    Posted Nov 06th 2013, 04:54am by Reuters

    ... Reuters in Taipei Acer names new CEO, cuts jobs after loss Taiwan's Acer announced a restructuring plan with a new chief executive and 7 per cent job cuts yesterday after ... the responsibility to a new leadership team to path the way for a new era," Wang said in a statement. The company, with 8,000 employees worldwide, said it would reduce this by 7 per cent, saving about ...

  10. Business - Companies

    Manulife logs 16pc rise in 2013 core earnings

    Posted Feb 14th 2014, 12:57am by Yvonne Liu

    ... to a very well-balanced portfolio," Donald Guloien, the president of Manulife, said in the company's announcement. Insurance sales were slightly lower than what we would have liked DONALD ... Yvonne Liu yvonne.liu@scmp.com Growth in wealth businesses and North American insurance operations drives gain Manulife logs 16pc rise in earnings Manulife Financial said yesterday ...




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