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  • September 23, 2014
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  1. Business - China Business

    New China Life boosts first-half net profit 71pc on investment gains

    Posted Aug 27th 2014, 01:27am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Mainland insurer's 71pc net profit gain for first half also aided by bigger premiums haul Investment income lifts New China Life earnings New China Life Insurance, the mainland's third-largest life insurer by market share, said first-half earnings rose 71.4 per cent on the back of better investment income and insurance ...

    http://www.scmp.com/business/china-business/article/1580991/new-china-life-boosts-first-half-net-profit-71pc-investment
  2. News - Asia - JAPAN

    Japan birthrate drops 2.7 per cent in first half of year to fewer than 500,000 babies

    Posted Aug 26th 2014, 04:48pm

    ... Kyodo in Tokyo The number of babies born in Japan in the January to June period dropped 2.7 per cent from a year earlier to 496,391, pointing to the possibility of the annual figure slipping below the 1 million mark for the first time on record, government data showed on Tuesday. Although the number of births tends to be higher in the latter half of the year, the figure ...

    http://www.scmp.com/news/asia/article/1580811/japan-birthrate-drops-27-cent-first-half-year
  3. Business - Companies - EARNINGS

    Sunac reports 21pc rise in first-half core net profit to 1b yuan

    Posted Aug 26th 2014, 10:15am by Langi Chiang

    ... half, with its net gearing ratio down 3 percentage points from the end of last year at 66.7 per cent. Its revenue rose 5.9 per cent to 9.1 billion yuan, and net profit grew 8 per cent to 813 ... first-half result with growing margin and lower gearing,” said Edison Bian, research head for China property at UOB Kay Hian in Hong Kong. He said investors would need to watch how Sunac closes ...

    http://www.scmp.com/business/companies/article/1580741/sunac-reports-21pc-rise-first-half-core-net-profit-1b-yuan
  4. Business - China Business - EARNINGS

    Sinopharm sees first-half profit jump 27pc on government incentives

    Posted Aug 25th 2014, 10:58am by Jeanny Yu

    ... for the first half of this year. Shares of Sinopharm jumped as much as 6.4 per cent to trade at HK$27.4 at 9.30am in Hong Kong, the highest since March 11 last year. It fell back to trade at HK$26.50 at 10.37am, still up 2.7 per cent. Its first-half net profit was 1.47 billion yuan (HK$1.85 billion), compared with 1.15 billion yuan in the same period last year, thanks to a basket of government ...

    http://www.scmp.com/business/china-business/article/1580515/sinopharm-sees-first-half-profit-jump-27pc-government
  5. Business - Banking & Finance - DEBT

    Dim sum bond issuance set to drop 50pc in second half

    Posted Aug 23rd 2014, 01:06am by Jeanny Yu

    ... issuance could plunge about 50 per cent in the second half of the year from the first half as the cost of borrowing yuan in offshore markets surges relative to the price of raising onshore debt. ... issuance of dim sum bonds in the second half to fall to 200 billion yuan (HK$251 billion) from a record 370 billion yuan in the first half. HSBC, Bank of China and Standard Chartered are the top ...

    http://www.scmp.com/business/banking-finance/article/1579569/dim-sum-bond-issuance-set-drop-50pc-second-half
  6. News - World

    Relatives of passengers on downed flight gather at Amsterdam airport

    Posted Jul 19th 2014, 01:51am by AFP

    ... lowered to half-mast across the Netherlands and at embassies around the world. "I am deeply saddened by this horrible news," King Willem-Alexander said in a statement. "Our thoughts ...

    http://www.scmp.com/news/world/article/1556577/relatives-passengers-downed-flight-gather-amsterdam-airport
  7. Business - Commodities - EARNINGS

    Sinopec Kantons shares up 7pc after 63.4pc jump in first-half profit

    Posted Aug 22nd 2014, 11:41am by Eric Ng

    ... (Sinopec), rose 7 per cent on Friday morning after it posted a 63.4 per cent year-on-year jump in interim profit. Net profit amounted to HK$377.02 million for the first half of the year, up from ... charter services both remained loss-making, to the tune of a combined HK$22 million in the first half, narrowed from a loss of HK$98 million in the same period last year. Revenue dropped 73 per ...

    http://www.scmp.com/business/commodities/article/1579039/sinopec-kantons-shares-7pc-after-634pc-jump-first-half-profit
  8. Business - Companies - EARNINGS

    Sinofert expects second-half pickup despite over-capacity concerns

    Posted Aug 22nd 2014, 09:41am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Sinofert, the mainland’s largest fertiliser maker and distributor, says its second-half profitability will likely improve although it saw no quick-fix to chronic ... slightly from mid-year lows. Coupled with cost-cutting measures, he expected the company’s second-half results to improve from the first-half. “With rising utilisation at [our customers’] composite ...

    http://www.scmp.com/business/companies/article/1578981/sinofert-expects-second-half-pickup-despite-over-capacity
  9. Business - Companies - EARNINGS

    Li & Fung warns of tough second half after 9pc fall in core operating profit

    Posted Aug 22nd 2014, 01:21am by CHIM SAU-WAI AND TIFFANY AP

    ... Chim Sau-wai and Tiffany Ap Pressured Li & Fung warns of tough second half Li & Fung, the world's largest sourcing company, reported a 9 per cent decline in core operating profit to US$227 million in the first half of the year and the firm expects a tough second half in the United States, which is still its key export market. "Core operating profit margin ...

    http://www.scmp.com/business/companies/article/1578732/li-fung-warns-tough-second-half-after-9pc-fall-core-operating
  10. Business - Banking & Finance

    Pace of profit growth at Bocom more than halves in first half

    Posted Aug 22nd 2014, 01:21am by DON WEINLAND AND REN WEI

    ... Don Weinland and Daniel Ren in Shanghai Gain of 5.6pc for first half reflects slowing loan growth, but bank talks up reform move Growth in Bocom net profit halves Growth in net profit at Bank of Communications, China's fifth-largest bank, more than halved in the first half of the year from the same period last year as the bank mulls major shareholding reforms. The bank ...

    http://www.scmp.com/business/banking-finance/article/1578743/pace-profit-growth-bocom-more-halves-first-half

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