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  • September 2, 2014
  • Last updated: 10:33pm
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  1. Business - China Business - EARNINGS

    China Eastern profit plunges 98pc as China Southern posts 1b yuan loss

    Posted Aug 30th 2014, 01:29am by SIJIA JIANG

    ... Eastern Airlines Corp plunged 97.7 per cent from the same period last year to 14 million yuan. Revenue growth of 9.15 per cent to 50.21 billion yuan at Guangzhou-based China Southern Airlines did ... EASTERN AIRLINES The airline carried 47.39 million passengers, 8.19 per cent more than last year, though the passenger load factor dropped 0.9 percentage point to 79.2 per cent. Revenue ...

    http://www.scmp.com/business/china-business/article/1581876/china-eastern-profit-plunges-98pc-china-southern-posts-1b
  2. Business - Companies

    Harbour Ring shares jump on news of stake disposal

    Posted Aug 12th 2014, 10:17am by Staff Reporter

    ... Staff reporter Hutchison Harbour Ring shares jumped as much as 20 per cent to HK$0.78 when they resumed trading on Tuesday morning after the firm’s controlling shareholders said they might sell their stake to a unit of Shenzhen-based developer Oceanwide for as much as HK$3.83 billion. The shares of Harbour Ring, listed on the Hong Kong stock exchange since 1991, were ...

    http://www.scmp.com/business/companies/article/1571912/harbour-ring-shares-jump-news-stake-disposal
  3. Business - Commodities

    Hedge funds cut gold bullish bets as bullion recovery stalls

    Posted Sep 02nd 2014, 12:38am by BLOOM

    ... increases could be more rapid. Bullion rebounded 7.1 per cent this year as tensions in Eastern Europe, Iraq and the Middle East increased the appeal of the metal as a haven. Almost 2,600 people have ...

    http://www.scmp.com/business/commodities/article/1583177/hedge-funds-cut-gold-bullish-bets-bullion-recovery-stalls
  4. Business - Companies - EARNINGS

    Citic’s interim core profit flat, supported by earnings from property development

    Posted Aug 29th 2014, 02:14pm by Eric Ng

    ... that of the tunnels operation grew 4 per cent to HK$309 million. Net earnings at trading unit Dah Chong Hong slid 8 per cent to HK$236 million. Standard Chartered analyst Judy Zhu said in a research report ...

    http://www.scmp.com/business/companies/article/1581677/citics-interim-core-profit-flat-supported-earnings-property
  5. News - Asia - AVIATION

    After twin disasters, Malaysia Airlines slashes 6,000 jobs in revamp

    Posted Aug 29th 2014, 03:25pm by AP

    ... suggest it will reduce flights to Europe and China. The loss of flight MH370, which vanished over the Indian Ocean in March, and of flight MH17, shot down by a rebel missile over restive eastern ...

    http://www.scmp.com/news/asia/article/1581690/malaysia-airlines-cut-6000-staff-overhaul
  6. Business - Companies - TRANSPORT

    Smooth ride for MTR in London

    Posted Aug 29th 2014, 01:14am by SIULAN LAW

    ... the 100km Crossrail route, serving 40 stations. Trains will cross from Reading in the west through central London tunnels to Shenfield and Abbey Wood in the east. When fully operational, the new ...

    http://www.scmp.com/business/companies/article/1581582/smooth-ride-mtr-london
  7. Business - Companies - AVIATION

    Hainan Airlines profit down 25.35pc

    Posted Aug 28th 2014, 11:03am by SIJIA JIANG

    ... Air China, China Southern Airlines and China Eastern Airlines. "The results are much better compared with Air China," said Li Xiaolu, a Shanghai-based analyst with Capital ...

    http://www.scmp.com/business/companies/article/1581390/hainan-airlines-profit-down-6978pc
  8. Business - Companies - AVIATION

    Air China blames yuan depreciation for 55.42pc fall in first-half profit

    Posted Aug 27th 2014, 11:17am by SIJIA JIANG

    ... for its passenger business and 3.31 percentage points to 53.95 per cent for cargo. The mainland’s two other major airlines, China Southern and China Eastern, are due to post results on Thursday. ...

    http://www.scmp.com/business/companies/article/1581078/air-china-blames-yuan-depreciation-5542pc-fall-first-half-profit
  9. Business - China Business

    Huishan plans 2.5b yuan dairy industry investment in Jiangsu

    Posted Aug 26th 2014, 09:39am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com China Huishan Dairy, a mainland milk producer backed by billionaire Cheng Yu-tung, on Tuesday announced a plan to establish a vertically-integrated dairy value chain in Jiangsu province for distribution of its products in Eastern China, with a total estimated investment of up to 2.5 billion yuan (HK$3.1 billion) in the next four years. The dairy ...

    http://www.scmp.com/business/china-business/article/1580736/huishan-plans-25b-yuan-dairy-industry-investment-jiangsu
  10. Business - China Business - LOGISTICS

    Truck drivers' strike disrupts operations at Ningbo Port

    Posted Aug 23rd 2014, 01:06am by Reuters

    ... Reuters in Shanghai Truck drivers' strike disrupts port operations Thousands of truck drivers went on strike over salary and haulage rates in the eastern port of Ningbo this week, and a logistics firm said yesterday the action was disrupting operations at the world's sixth-busiest port. In a statement on its official microblog account, Ningbo Port said the strike had started ...

    http://www.scmp.com/business/china-business/article/1579514/truck-drivers-strike-disrupts-operations-ningbo-port

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