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  • September 22, 2014
  • Last updated: 6:49pm
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  1. Business - Banking & Finance - CURRENCIES

    Australia dollar down as consumer confidence drops

    Posted Sep 11th 2014, 06:02am by Bloomberg

    ... Bloomberg US dollar rallies amid expected increase in interest rates next year by Federal Reserve Australian dollar down as consumer confidence drops Australia's dollar fell below its 200-day moving average for the first time in five months after a private report showed consumer confidence worsened. A measure of volatility reached its strongest level since February, reducing ...

  2. Business - China Business - PROBES

    Qingdao Port says 400,000 tonnes of metals involved in financing fraud

    Posted Sep 12th 2014, 03:55pm by CHIM SAU-WAI

    ... Chim Sau-wai sauwai.chim@scmp.com Port firm lists cargo of aluminium and copper that is alleged to have been used to secure funds 400,000 tonnes of metals centre of Qingdao fraud Qingdao Port International said yesterday the metals financing fraud uncovered at the port involved about 400,000 tonnes of base metals. It said the figure included 300,000 tonnes of alumina, 70,000 ...

  3. Business - Companies - GOVERNANCE

    Hong Kong bourse 'still guarded over Tianhe's defence' of fraud allegations

    Posted Sep 11th 2014, 10:59am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Observers say there may be some 'outstanding questions' over fraud claims against the firm Exchange 'still guarded about Tianhe's defence' The Hong Kong stock exchange appears to still not be completely satisfied with Tianhe Chemicals Group's defence against fraud allegations by Anonymous Analytics against the firm, ...

  4. Business - China Business - EQUITIES

    Hunt for fraud at mainland firms made harder by China's secrecy laws

    Posted Sep 08th 2014, 04:12am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Short sellers step up claims against firms but corporate documents are now tougher to obtain Hunt for mainland fraud made harder by secrecy laws In the wake of recent fraud allegations against two firms listed in Hong Kong, analysts expect to see more such claims from short sellers, but they say the task of exposing fraud among mainland ...

  5. Business - Money - EQUITIES

    Shenguan is latest Hong Kong-listed mainland firm under fraud spotlight

    Posted Sep 04th 2014, 01:09am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Trading in food products supplier suspended following reports of 'unreasonable' margins Shenguan is latest listed firm under fraud spotlight Shenguan Holdings (Group) is the second Hong Kong-listed Chinese company to be hit by fraud allegations in as many days, following similar allegations on Tuesday against Tianhe Chemicals Group. ...

  6. Business - Companies - INVESTIGATIONS

    Tianhe Chemicals hits back at analysts' claims of fraud

    Posted Sep 02nd 2014, 01:06pm by Toh Han Shih

    ... back at claims of fraud Tianhe Chemicals Group has strongly denied allegations of fraud by Anonymous Analytics, a US group of anonymous analysts, and threatened to sue it for damages. ... shortly after Anonymous Analytics issued a report that alleged fraud, accusing Tianhe of inflating its sales and profits. "The report contains errors, misleading statements and malicious ...

  7. News - Hong Kong - ECONOMY

    Hong Kong retail sales slump by 3.1pc in July as consumers scrimp on luxury

    Posted Aug 28th 2014, 05:54pm by Amy Nip

    ... Amy Nip amy.nip@scmp.com Takings for last month were down 3.1pc on last year as mainland graft drive continued to bite Retail sales still gloomy despite summer holiday The summer holidays brought no relief for hard-pressed shopkeepers as retail sales decl ...

  8. Business - Economy - CHINA

    Mainland consumers more pessimistic this month

    Posted Aug 27th 2014, 10:33am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com Consumer mood dip highlights China fragility Consumer sentiment on the mainland became more pessimistic in August as confidence about ... intensifies its stimulus policy, some economists believe. The Westpac MNI China Consumer Sentiment Indicator fell to 113.3 from 114.8 in July and significantly below the 121.7 reading at the beginning ...

  9. Business - Economy

    Australian consumer sentiment strong, but wages at 16-year lows

    Posted Aug 13th 2014, 02:56pm by Reuters

    ... Reuters in Sydney Australia sees bounce in consumer confidence A measure of Australian consumer sentiment rose strongly this month as households grew more optimistic on the near-term ... of consumer sentiment rose a seasonally adjusted 3.8 per cent in August, from July when it had gained 1.9 per cent. "The rebound in confidence augurs well for a continuation of the lift in retail ...

  10. Business - Economy - CHINA

    China's consumer inflation tame in July, but producer deflation stubborn

    Posted Aug 10th 2014, 05:53am by Reuters

    ... Reuters in Shanghai Rate remains steady at 2.3pc but producer deflation proves stubborn Mainland consumer inflation stays tame at 2.3pc The mainland posted mild consumer inflation ... rebound. Data from the National Bureau of Statistics showed that the consumer price index held steady at 2.3 per cent year-on-year in July, while the producer price index fell 0.9 per cent ...




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