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

    China Construction Bank posts slower 9pc gain in first-half profit

    Posted Aug 30th 2014, 01:29am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Net profit reaches 130.7 billion yuan to meet market target while bad loans expand 12pc Construction Bank posts slower 9pc gain in first half China Construction Bank Corp, the mainland's second-largest lender by assets, raised net profit 9 per cent in the first half, a period marked by decelerating growth in the state banking sector. The bank ...

    http://www.scmp.com/business/banking-finance/article/1581924/china-construction-bank-posts-slower-9pc-gain-first-half
  2. Business - Banking & Finance - APPOINTMENTS

    Japanese banks offer leadership jobs to foreign staff

    Posted Aug 30th 2014, 01:29am by BLOOM

    ... Bloomberg in Tokyo Banks in Japan offer leadership jobs to foreign staff Japan's biggest banks are breaking tradition by promoting foreigners to top management roles to retain ... in July. The so-called mega banks are giving foreign staff more responsibility as they expand overseas to spur earnings that are hampered by low interest rates and tepid loan demand at home. ...

    http://www.scmp.com/business/banking-finance/article/1581846/japanese-banks-offer-leadership-jobs-foreign-staff
  3. News - Asia - NORTH KOREA

    North Korean bank official 'linked to state slush funds seeks asylum and flees with US$5 million'

    Posted Aug 29th 2014, 12:02pm by Agence France-Presse in Seoul

    ... Agence France-Presse in Seoul Yun Tae-Hyong, of Korea Daesong Bank, who vanished last week, was raising and managing illicit funds for North Korean leader Kim Jong-un in Russia, reports ... with US$5 million, a news report in Seoul said yesterday. Yun Tae-hyong, a senior representative of Korea Daesong Bank, disappeared in the Russian city of Nakhodka last week, the JoongAng Ilbo daily ...

    http://www.scmp.com/news/asia/article/1581662/north-korean-bank-official-linked-state-slush-funds-seeks-asylum-and-flees
  4. Business - Banking & Finance - SHIPPING

    China Merchants Bank gives Cosco 300m yuan credit line

    Posted Aug 28th 2014, 09:05am by JING YANG

    ... Jing Yang jing.yang@scmp.com China Merchants Bank is granting a 300 million yuan (HK$378 million) credit line to its second-largest shareholder, China Ocean Shipping (Group) Co (Cosco), ... conglomerate. With a 6.24 per cent stake, Cosco is the second-largest shareholder of China Merchants Bank after its parent, China Merchants Group. Last year, Cosco recorded 164.81 billion yuan ...

    http://www.scmp.com/business/banking-finance/article/1581375/china-merchants-bank-gives-cosco-300m-yuan-credit-line
  5. News - Hong Kong - COURTS

    'Catch me if you can' Cathay pilot has bank account frozen until divorce payment made

    Posted Aug 28th 2014, 04:56am by JULIE CHU

    ... of maintenance in a transpacific divorce battle spanning more than 14 years, a court heard yesterday. Scott Henderson would be blocked from taking money from the bank account his salary was deposited ... of more than HK$160,000, only after a C$9,774 monthly payment was deducted for his ex-wife. However, she complained that he still managed to take out almost his entire salary from his bank account ...

    http://www.scmp.com/news/hong-kong/article/1581290/catch-me-if-you-can-and-hong-kong-judge-did
  6. Business - Banking & Finance - COURTS

    Deutsche Bank offers ICBC executive Zhang Hongli a settlement deal

    Posted Aug 25th 2014, 03:34am by STAFF

    ... Staff Reporter German lender tells ICBC banker it is suing over unapproved transfer to a relative's company that it will forgo the interest in the US$6.3m lawsuit Deutsche Bank offers top exec settlement deal Deutsche Bank has offered an out-of-court settlement to a top mainland banker who they sued for allegedly transferring millions of dollars when he worked ...

    http://www.scmp.com/business/banking-finance/article/1580480/deutsche-bank-offers-icbc-executive-zhang-hongli-settlement
  7. News - China - BANKS

    Agricultural Bank of China chief backs pay cuts for executives

    Posted Aug 27th 2014, 12:36pm by MANDY ZUO

    ... Mandy Zuo mandy.zuo@scmp.com The Agricultural Bank of China’s president became the first among the mainland’s big five state banks to openly advocate a salary-reduction plan for top ... banks were among the targets of the plan deliberated by the top leadership last week. The bank “will firmly support and strictly implement the decision”, Zhang said at the bank’s first half-year ...

    http://www.scmp.com/news/china/article/1581102/agricultural-bank-china-president-backs-significant-pay-cuts-executives
  8. News - Asia - UKRAINE

    Malaysian, Dutch PMs to discuss gaining ‘full and secure access’ to MH17 crash site

    Posted Jul 26th 2014, 07:31pm by Reuters in Kuala Lumpur

    ... MH17 in Ukraine Malaysian Prime Minister Najib Razak said on Saturday he would meet his Dutch counterpart Mark Rutte next week to discuss how to secure full access for investigators to the site ... Malaysian experts believe at least 30 investigators will be required to cover the full site of the crash, the statement said, in addition to Dutch investigators and an expert from the United ...

    http://www.scmp.com/news/asia/article/1559874/malaysian-dutch-pms-discuss-gaining-full-and-secure-access-mh17-crash-site
  9. Business - Banking & Finance - EARNINGS

    Agricultural Bank of China's net profit grows by 12.65 per cent

    Posted Aug 27th 2014, 01:27am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Bad loans at the mainland's fourth-largest bank by assets remain high at 1.24 per cent but it is rising at a slower rate than two of its big rivals Agricultural Bank leads way in profit growth Agricultural Bank of China, the mainland's fourth-largest lender by assets, posted the strongest net profit growth along with the highest ...

    http://www.scmp.com/business/banking-finance/article/1580998/agricultural-bank-chinas-net-profit-grows-1265-cent
  10. Magazines - 48hrs

    Outtakes

    Posted Aug 20th 2014, 11:21pm by BEN SIN

    ... that's a branch of the popular Dutch festival. Soul singer Joss Stone (pictured) and jazz singer-songwriter Jamie Cullum will headline from November 14 to 16. And we're also getting a Hong ... — will attend a post-screening Q&A session. For more details, go to hk.sundance.org American action heroes bank on China The Expendables 3 may have bombed at the US box office — taking just under ...

    http://www.scmp.com/magazines/48hrs/article/1577574/outtakes

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