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  • July 31, 2014
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  1. Business - Banking & Finance - EARNINGS

    Japanese banks failing to reward investors

    Posted Jul 05th 2014, 01:51am by BLOOM

    ... Bloomberg in Tokyo Leading lenders are trailing their global peers in sharing profits with shareholders but promise to increase returns as they expand overseas Japanese banks fail to reward investors Japan's biggest banks, which posted record earnings last year, are less generous than their global peers in sharing profits with investors while they search for more ...

  2. Business - Companies - EARNINGS

    Google's second-quarter revenue tops estimates on robust ad sales

    Posted Jul 19th 2014, 01:58am by BLOOM

    ... of SoftBank Corp and chie executive of SoftBank Internet and Media. Omid Kordestani, who helped craft Google's business model and was a senior adviser to the company, will take over Arora's ...

  3. Business - Companies - EARNINGS

    IBM revenue falls further in second quarter but beats market target

    Posted Jul 19th 2014, 01:58am by BLOOM

    ... to US$4.32 a share, 1 US cent higher than analysts' estimates. Rometty is banking on a strong second half to hit her targets for the company's performance even as IBM adapts ...

  4. Business - Money - EARNINGS

    Profit outlook dims for mainland China firms traded in the US market

    Posted Jul 01st 2014, 04:05am by Bloomberg

    ... the central government has implemented tax breaks, accelerated spending and cut some banks' reserve requirements, investors are concerned that officials are not doing enough to stem a decline ... website, sank 29 per cent last quarter. Deutsche Bank has cut its estimate for SouFun's sales this year by 8 per cent and lowered the earnings projection by 29 per cent after SouFun discounted ...

  5. Business - Companies - EARNINGS

    Silver Base turns to its CEO for financial help

    Posted Jul 01st 2014, 04:05am by TIFFANY AP

    ... on hand was only 82 million yuan. Silver Base said it would request to renew its bank borrowings. The anti-graft campaign has hit high-end liquor sales, causing prices to tumble. High end baijiu ...

  6. Business - Companies - EARNINGS

    Foxconn chief Gou calls for patience as he invests to tap new markets

    Posted Jun 26th 2014, 01:07am by BLOOM

    ... more high-skilled positions as Gou strives to meet his goal for profit growth of 10 per cent. Foxconn's founder has met with executives including Tesla's Elon Musk, SoftBank ... Earlier this month, Tokyo-based SoftBank unveiled its emotion-reading robot called Pepper, which will be manufactured by Foxconn. Musk told Tesla shareholders his company is increasing cooperation ...

  7. Business - Commodities - EARNINGS

    Trafigura profit boosted by rise in commodity demand

    Posted Jun 17th 2014, 05:13am by Reuters

    ... and volume growth to be sustained into the second half of this year," chief executive Jeremy Weir, who assumed his position in March, said in the statement. The Dutch trading firm said ...

  8. Business - Companies - EARNINGS

    IBM tax rate hits 20-year low with help of Dutch haven

    Posted Feb 05th 2014, 05:37am by Bloomberg

    ... Bloomberg in New York Dutch unit helps IBM cut tax rate to 20-year low IBM has reduced its tax rate to a two-decade low with help from a tax strategy that sends profits through a Dutch ... policies and extensive network of tax treaties, IBM joins companies such as Yahoo, Google and Cisco Systems that have used Dutch subsidiaries to cut taxes. Offshore tax strategies like the one used ...

  9. Business - Banking & Finance - EARNINGS

    HSBC expects to increase dividend

    Posted May 20th 2014, 12:56am by Jeanny Yu

    ... In 2011, the bank paid shareholders 43 per cent of its earnings per share, or 39 US cents. Last year, the payout ratio was raised to 57 per cent with 48 US cents- at the top end of its payout ratio ... as "simpler, leaner" than it was in 2011, when he took the helm and set out on a restructuring strategy for the bank that included plans to shut down unprofitable businesses globally and cut ...

  10. Business - Banking & Finance - EARNINGS

    Tough road ahead for HSBC as first quarter 2014 profits down 20pc

    Posted May 08th 2014, 01:15am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Investment banking slowdown and accounting change to weigh on results Tough road ahead for HSBC Earnings at HSBC are set to remain under pressure for at least two more quarters as a change to the way it accounts for a key Chinese bank stake and the performance of its own investment banking business weigh on the numbers. Analysts were bracing ...




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