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  • July 24, 2014
  • Last updated: 3:25pm
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  1. Business - Banking & Finance - BANKING

    Alibaba teams up with mainland banks to offer loans to SMEs

    Posted Jul 23rd 2014, 01:33am by Sophie Yu

    ... that its online trading subsidiary Alibaba.com will team up with seven mainland banks to offer loans to small and medium-sized enterprises (SMEs) based on their online credit. The seven banks ... will offer unsecured loans to SMEs based on big data and credit system accumulated through Alibaba's online platform. The maximum credit will be 10 million yuan (HK$12.6 million). "Banks ...

  2. Business - Banking & Finance - BONDS

    Chinese banks rely on local branches for offshore debt

    Posted Jul 14th 2014, 03:09am by Jasper Moiseiwitsch

    ... a senior credit officer at Moody's. The sums involved are vast and small inefficiencies quickly add up. The five biggest mainland banks- Bank of China, Bank of Communications, Agricultural ... to issue offshore yuan bonds through their local branches to promote use of yuan in centres such as Sydney, London, Singapore, Frankfurt, Luxembourg and, of course, Hong Kong Last week Bank ...

  3. Business - Commodities

    Time to end use of commodities for credit in China

    Posted Jun 09th 2014, 03:29am by Reuters

    ... Clyde Russell Concern over possible abuses in the shadow banking system may prompt crackdown Time to end use of commodities for credit in China The mad dash by banks and traders to see who owns what metal inventories at Qingdao port should help bring a swift, and much-needed, end to the practice of using commodities for credit. For the past few years, one of the known unknowns ...

  4. Lifestyle - Arts & Culture

    Ramone for life

    Posted Jul 20th 2014, 03:35pm by MCT

    ... [sic]- assault, insult, stalk, posture and swagger their way through a collection of mindless numbers." Of course, in the Ramones' alternative universe, that spirit of wild, careless ... is a Headbanger, Rockaway Beach and the 1978 classic I Wanna Be Sedated. (All the songs were credited to "The Ramones" but Erdelyi was a major contributor.) At the band's live shows, devoted ...

  5. Magazines - 48hrs - FOOD & WINE

    Table Talk

    Posted Jul 23rd 2014, 11:10pm by Susan Jung

    ... Susan Jung SATAY INN  in Tsim Sha Tsui has a five-course menu pairing Singaporean dishes with biodynamic wines from the Laurent Bannwarth vineyard in Alsace. Signature appetisers ... The six-course meal includes braised beef ribs in special sauce paired with the Chateau Clerc Milon 2008; braised truffle rice with wild mushrooms with the Chateau Pichon Longueville Comtesse de Lalande ...

  6. Business - Money - BONDS

    Yue Xiu Enterprises finalises US$200m equity-linked bond issue

    Posted Jul 23rd 2014, 01:33am by Jasper Moiseiwitsch

    ... stake in the firm. The leads assumed a credit spread of 250 basis points. The bonds are unrated and there are no credit default swaps in the name, and that assumption requires a fair amount of guesswork. "There is a lot of variability in SOE and SOE-backed credits [in China]," said a banker not linked to the offer. However, the issuer has done a number of private placements, ...

  7. News - China

    Macau scholars warn of rising censorship, loss of confidence in 'one country, two systems'

    Posted Jul 22nd 2014, 05:20am by Raquel Carvalho

    ... is still considering suing the university over his dismissal. "There are different possibilities, and one of them would be, of course, to raise the issue of discrimination as stipulated ... no evidence or facts on this," he said. A university official acknowledged it had received such complaints about Chou from students, including ones that accused him of giving extra credit ...

  8. Sport - Soccer - EXTRAVAGANZAS

    Germany's Loew profile brings World Cup glory

    Posted Jul 20th 2014, 01:52am by Reuters

    ... team. Klinsmann, a former Germany striker, added physical fitness specialists, a psychologist and urged the team to play more open, attacking soccer. That was credited with helping Germany ... "No, I don't have a closed mind when it comes to advice," Loew said. "A team needs to improve their performance through the course of the tournament. That's the art ...

  9. Business - Economy - CREDIT RATINGS

    Standard & Poor’s hikes Ireland’s credit rating, maintains negative outlook for Italy

    Posted Jun 07th 2014, 02:21pm by Agence France-Presse in Dublin

    ... languishes in negativity Standard & Poor’s on Friday revised up Ireland’s sovereign credit rating to ‘A-’ with a positive outlook from its previous ‘BBB+’ assessment, citing the eurozone member’s improved domestic prospects. In contrast, the ratings agency held Italy’s credit rating at ‘BBB’, which is two notches above junk level, and maintained its negative outlook. “The upgrade reflects ...

  10. Business - China Business - MANUFACTURING

    Tangshan mill closure reflects wider problems in Chinese steel industry

    Posted Jul 24th 2014, 01:06am by Reuters

    ... a lifeline of cheap credit, lucrative construction contracts and preferential tax rates. This support has saddled the mainland's steel industry with huge debts and at least 200 million tonnes ... its shattered economy. But it is now feeling the pressure from Beijing's efforts to control chaotic, credit-fuelled growth. A bulldozer has been parked at the entrance of the Xinming ...




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