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  • July 26, 2014
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  1. Business - Economy - ECONOMY

    World Bank chief backs launch of BRICS bank

    Posted Jul 09th 2014, 05:20am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com World Bank chief says new entrants will help the multilateral lender battle poverty and spur growth rather than threaten its position Kim backs launch of BRICS bank World Bank president Jim Yong Kim welcomed the initiatives of establishing two new multilateral lenders, saying they would not pose a threat to the Washington-based ...

  2. Business - Companies - SURVEY

    More Chinese firms on Fortune Global 500, but profits trail US counterparts’

    Posted Jul 09th 2014, 02:56pm by James Griffiths

    ... combined revenues of US$31.1 trillion last year, up 2.5 per cent on the year before, while combined profits rose 27 per cent to nearly US$2 trillion. Royal Dutch Shell slipped to second, and oil ... Pacific Construction (No166)- one of the mainland's largest privately held enterprises- and China Development Bank (No122), the highest-ranked newcomer. However, despite a strong showing ...

  3. News - World - FLIGHT MH17

    'My parents are watching from heaven': Son pays tribute to Hong Kong chef and mother killed on MH17

    Posted Jul 21st 2014, 10:35am by Stuart Lau and Agencies

    ... restaurant in the Dutch port city. His father Fan Shun-po, known as Popo, and Malaysian-born mother, Jenny Loh, were among the 298 passengers and crew on board the doomed Flight MH17 from Amsterdam ... believed to have been fired by pro-Russian separatists. Dutch investigators yesterday inspected the 272 bodies so far recovered, which had been loaded on to a train in the rebel-held town of Torez. ...

  4. Sport - Soccer - SPAIN V NETHERLANDS

    Dutch are seeking sweet revenge

    Posted Jun 12th 2014, 09:40pm by AFP

    ... Agence France-Presse in Salvador 2010 runners-up are eager to stamp their credentials in opening tie against Spanish, who are wary of their opponents Dutch are seeking sweet revenge Holders Spain open their World Cup campaign against the Netherlands in a repeat of the 2010 final with the Dutch out for revenge. Andres Iniesta's strike four minutes from the end of extra ...

  5. News - World - FLIGHT MH17

    Train with remains of MH17 crash victims arrives in Ukraine’s Kharkiv

    Posted Jul 22nd 2014, 10:41am by AFP, Reuters

    ... factory in the Kiev-held industrial hub where they were set to be unloaded by a team of Dutch experts before being flown out to the Netherlands. A total of 298 people from about a dozen countries ... at the Torez railway station, Dutch investigators wearing masks and headlights were finally allowed to examine the remains of over 200 recovered bodies. As they opened each of the train wagons holding ...

  6. News - China - DIPLOMACY

    China sees itself taking key role in proposed BRICS international bank

    Posted Jul 16th 2014, 02:58am by Teddy Ng, AFP

    ... Teddy Ng in Beijing and Agence France-Presse in Fortaleza, Brazil China eyes key role in proposed BRICS bank China is positioning itself as a major player in providing alternative ... yesterday to sign off on a new development bank and a reserve fund they hope can act as a counterweight to Western-led financial institutions. The bank will have initial capital of US$50 billion, ...

  7. News - China - CRIME

    Not a clean getaway! Cleaver-wielding bank robber foiled by elderly cleaner with mop

    Posted Jul 16th 2014, 03:20pm

    ... Mandy Zuo mandy.zuo@scmp.com Man with gambling debts enters Shanghai bank with a knife, but an elderly cleaner, two guards and two other men end the incident WATCH: Bank robber thrashed by elderly woman with a mop A cleaver-wielding bank robber who held a teller hostage and stole a bag of cash was subdued by an elderly woman with a mop and other men holding sticks before he could ...

  8. News - China - TAIWAN

    DPP elects Tsai Ing-wen to lead party ahead of 2016 presidential race

    Posted May 26th 2014, 04:46am by AFP, Teddy Ng

    ... Agence France-Presse in Taipei and Teddy Ng in Beijing 'I'm aware that this time there is no honeymoon period,' new leader says after trouncing rival Tsai Ing-wen wins DPP race Taiwan's main opposition Democratic Progressive Party yesterday elected Dr Tsai Ing-wen as leader- her third time at the helm- ahead of the presidential race in 2016. Tsai trounced ...

  9. Business - Economy

    Bank of Japan says recovery, inflation on track as tax rise pain eases

    Posted Jul 16th 2014, 01:15am by Reuters

    ... Reuters in Tokyo Central bank keeps policy steady, sticks to 2 per cent inflation target Japanese recovery on track as tax pain eases The Bank of Japan maintained its stimulus programme ... The central bank slightly cut its economic growth projection for this fiscal year as exports remain weak and household spending tumbled more than expected after a sales tax rise in April. ...

  10. Business - Economy

    Turkey's interest rate policy a lesson in how not to prepare for worst

    Posted Jul 25th 2014, 01:29am by NICHOLAS SPIRO

    ... Nicholas Spiro Country's central bank, pushing the envelope on monetary easing, should take note of the anti-inflationary measures in India and South Africa Turkey's policy a lesson in how not to prepare for worst The response of central banks in the most vulnerable emerging markets to the five-month-long improvement in investor sentiment towards developing economies ...




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