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  • August 20, 2014
  • Last updated: 11:09pm
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  1. Business - Companies

    China wine plays: oversaturation?

    Posted Dec 07th 2012, 12:51pm by Doug Young

    ... Doug Young China's fast-growing wine sector looks set for a period of stiff competition and consolidation over the next 2-3 years as too much investment flows into the sector. Two news bits from the wine sector are making headlines, shining a spotlig ...

  2. Business - China Business - COMPETITION

    China slaps record 1.24b yuan fine against Japanese car firms for price fixing

    Posted Aug 20th 2014, 02:35pm by Kwong Man-ki in Beijing

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com The mainland has fined 10 Japanese companies a record 1.24 billion yuan (HK$1.56 billion) for violating anti-trust law by fixing prices for automotive parts and bearings. The fines, the largest so far meted out by the pricing regulator, the National Development Reform Commission (NDRC), follow a global crackdown including in the United ...

  3. News - World - ENVIRONMENT

    Mexican project to feature Chinese goods fined over environmental issues

    Posted Aug 17th 2014, 07:20am by AP

    ... Associated Press in Mexico City Mexican authorities say construction went ahead without environmental nod Trade centre to feature Chinese goods fined Mexican environmental authorities have levied a US$555,000 fine against a project to build a massive trade centre south of Cancun to showcase Chinese products. The office of the Attorney General for Environmental Protection said ...

  4. News - China - FOOD SAFETY

    Shenzhen to impose HK$126,000 fines on companies that mislabel genetically modified food

    Posted Aug 15th 2014, 01:24pm by He Huifeng

    ... He Huifeng huifeng.he@scmp.com Shenzhen has imposed the country’s highest fine yet against improper labelling of genetically modified (GM) food, with offenders facing up to 100,000 yuan ... requiring product makers to declare GM ingredients, the existing regulations mete out lenient punishments for those who break the law. Violators face fines of just up to 10,000 yuan. ...

  5. News - China - CAR INDUSTRY

    China's monopoly fine against Audi in the millions, not billions: report

    Posted Aug 14th 2014, 11:14am by Reuters

    ... Reuters in Shanghai Penalty against German car maker will be 250 million yuan- 1pc of its car sales in Hubei, a respected business publication says China will fine German premium car brand ... the Century Business Herald described as authoritative, the fine to be imposed on Audi, a unit of Germany’s Volkswagen, is calculated based on a percentage of its car sales last year in the central ...

  6. News - China - POLLUTION

    Guangdong proposes illegal polluters pay fines equal to 30pc of losses

    Posted Aug 13th 2014, 03:49pm by He Huifeng

    ... of the polluting acts cannot be verified, the polluters will be fined between one million (HK$1.26 million) and three million yuan. Currently, the fine ranges from 50,000 to 300,000 yuan. In addition, ...

  7. Business - Companies - COMPETITION

    Audi faces 1.8b yuan anti-monopoly fine: reports

    Posted Aug 13th 2014, 10:51am by Staff Reporter

    ... 400,000 yuan, generating some 195.4 billion yuan in revenue. The penalty would be much higher than the record fines, totalling 668 million yuan, the National Development and Reform Commission ...

  8. News - Asia - POLLUTION

    Jakarta backs Singapore’s higher fines for overseas polluters

    Posted Jul 30th 2014, 10:02pm by BLOOM

    ... Bloomberg in Singapore and Jakarta Jakarta backs Singapore's fines for overseas polluters The incoming president of Indonesia is backing Singapore's plan to levy bigger fines on overseas polluters. A year after the city-state endured its worst-ever air quality, Singapore presented a bill to parliament this month that would subject foreign companies to fines of S$2 million ...

  9. News - Asia - CORRUPTION

    US gun maker Smith & Wesson fined US$2m for bribery overseas

    Posted Jul 29th 2014, 10:04pm by AFP

    ... Agence France-Presse in Washington US gun maker fined for bribery US gun maker Smith & Wesson has agreed to pay US$2 million in fines for bribing officials in Indonesia, Pakistan and other countries to gain sales deals. The US Securities and Exchange Commission accused the company, whose hand guns are popular in law enforcement and military services, of facilitating bribes ...

  10. Business - Banking & Finance - REGULATION

    Lloyds fined £218m by US and UK regulators over Libor manipulation

    Posted Jul 29th 2014, 01:26am by BLOOM

    ... fined £218 m for benchmark rate fixing Lloyds Banking Group, bailed out by British taxpayers during the financial crisis, will pay £218 million (HK$2.86 billion) in fines to British and United ... financial firms have been fined about US$6 billion for manipulating Libor, the benchmark interest rate for more than US$300 trillion of securities worldwide. Lloyds's penalty is less than ...




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