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  • August 28, 2014
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  1. Business - Companies - LUXURY

    Vertu sees sustainable growth in China amid anti-corruption drive

    Posted Jul 09th 2014, 05:20am by BIEN PEREZ

    ... its biggest market, following the central government's corruption crackdown. "The government is not against luxury; it is against corruption, which is a good thing," Vertu chief ... to three years may have been inflated by those [corruption-linked] purchases, but that situation is no more. Business is continuing to grow at a slow rate, but this is more sustainable," said ...

  2. Business - Banking & Finance - UNITED KINGDOM

    UK fraud prosecutor seeks extra funds for Libor, other cases

    Posted Jan 31st 2014, 01:24pm by Reuters in London

    ... Reuters in London Britain's Serious Fraud Office is seeking additional funds as it faces a shortfall because of the costs of pursuing a number of high-profile cases Britain’s leading fraud prosecutor needs an extra 19 million pounds (HK$244 million) ...

  3. Comment - Insight & Opinion - MACROSCOPE

    How temporary is the new mainland mercantilism?

    Posted Aug 25th 2014, 09:28am by Derek Scissors

    ... campaign within the party itself. His "anti-corruption" effort may explain the recent protectionist outbreak. If so, the conclusion of Xi's internal programme will lead to a great ... through extreme differences across sectors. Attacks on multinationals are a political shield for the anti-corruption campaign Industries where foreign entities lead are examined from all angles ...

  4. Business - Commodities - MINING

    New Afghan mining law lacks transparency, say experts

    Posted Aug 23rd 2014, 01:06am by LYNNE O'DONNELL

    ... Lynne O'Donnell A new Afghan law is meant to ensure residents benefit from the sector's development but experts say its lack of transparency fuels corruption Eye on the mother ... standards and could encourage further conflict and corruption. President Hamid Karzai signed the Law on Mines after it was finally passed, more than a year after being tabled, by the lower house ...

  5. Business - Comment - LAI SEE

    Government too weak to fight villagers over small house policy

    Posted Aug 26th 2014, 01:03am by Howard Winn

    ... of applicants. Unsurprisingly this has given rise to corruption and irregularities. It is now recognised that the supply of housing in the New Territories has radically improved since the 1970s, so ... What are the prospects for action any time soon on this? Despite the environmental degradation, poor planning, the corruption it engenders and illegal development, the government is likely ...

  6. News - China - CORRUPTION

    China Resources shares slide as chairman Song Lin is sacked and faces corruption probe

    Posted Apr 22nd 2014, 11:51pm by Eric Ng, Zhuang Pinghui, Andrea Chen

    ... Eric Ng, Zhuang Pinghui and Andrea Chen Subsidiary China Resources Power sees the sharpest slump after parent company's former chairman is investigated for corruption Shares slide ... conglomerate's former chairman, Song Lin, had been sacked and the mainland's graft watchdog had started investigating him for corruption. China Resources Power (CRP), the largest of the five ...

  7. Comment - Insight & Opinion - THE VIEW

    Can party wean itself off growth at all costs?

    Posted Aug 18th 2014, 09:24am by Cathy Holcombe

    ... Anti-corruption campaign … has acted as a brake on fiscal and business activity But if economic growth is seen as proof that the party is the rightful custodian of the modern state, then the flip side ... at the cost of some short-term pain. Besides cracking down on corruption and stamping on outward displays of wealth by party officials- like splashy banquets or flash cars- the new leaders initially ...

  8. Business - Companies - EARNINGS

    Honghua Group unfazed by losses in drilling services

    Posted Aug 25th 2014, 03:34am by Eric Ng

    ... amid a corruption probe at PetroChina. While a new senior management at the nation's largest oil and gas producer might be more cautious when awarding contracts to third-party suppliers ... Morning Post. At least six senior executives of PetroChina and its parent firm China National Petroleum Corp have been detained to assist corruption probes and removed from their posts, resulting ...

  9. Business - Economy - CHINA

    Mainland consumers more pessimistic this month

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

    ... to sluggish demand. President Xi Jinping has emphasised that reforms and the anti-corruption fight will be deepened, which might curb the economic growth rate in the short run unless Beijing ...

  10. Business - Companies - RETAILING

    Luk Fook to expand in prime shopping districts as rent rises ease

    Posted Aug 27th 2014, 01:27am by BLOOM

    ... Luk Fook is adjusting its mix of stores as slowing economic growth and a corruption crackdown on the mainland crimp spending. A shop under renovation in Tsim Sha Tsui, a district popular ...




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