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  • August 21, 2014
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  1. News - China - ARSON

    Arson suspected as one person killed, 19 injured in Shandong bus blaze

    Posted Aug 20th 2014, 06:05pm by XINHUA

    ... Xinhua in Jinan One person was killed and 19 others were injured after a public bus caught fire during rush hour in east China’s Shandong province on Wednesday. The bus blaze in Longkou city broke out at around 8.30am and was extinguished half an hour later, according to the Longkou municipal government. Police said the fire was an act of arson. Following a preliminary ...

    http://www.scmp.com/news/china/article/1577761/arson-suspected-one-person-killed-19-injured-shandong-bus-blaze
  2. Business - Companies - EARNINGS

    Peninsula hotel owner sees profit rise by 73 per cent

    Posted Aug 20th 2014, 03:25pm by TIFFANY AP

    ... down on results in the second half but once all the 200 hotel rooms were fully operational in September- only 108 rooms opened with the launch- "income would rise quickly" and would be "stable" by next year. The Peninsula merchandising business dropped by 19 per cent from a year ago in the first half, showing a slowdown in Hong Kong retail volumes and a drop in the number ...

    http://www.scmp.com/business/companies/article/1577695/peninsula-operators-profit-surges
  3. Sport - Rugby - YOUTH OLYMPICS

    Australia’s women and French men claim first ever rugby golds at Youth Olympics

    Posted Aug 20th 2014, 02:46pm

    ... were turned on Canada shortly afterwards, however, as Williams was then yellow carded and Du Toit scored her second try and Australia went in 12-5 up at half-time. Australia put the game away at the start of the second half with tries from Tayla Stanford and Du Toit, her third, before Penitani and Marioulla Belessis capped the scoring late on. “I never dreamed of a hat-trick,” said Du Toit. ...

    http://www.scmp.com/sport/rugby/article/1577678/australias-women-and-french-men-claim-first-ever-rugby-golds-youth
  4. Business - Companies - RETAIL

    China Resources expects drop in profitability after acquisition of Tesco stores

    Posted Aug 21st 2014, 01:40pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com China Resources Enterprise, one of the largest hypermarket operators on the mainland, said consolidated net profit fell 8.7 per cent year on year to HK$929 billion in the first half of the year and it expects to see a “significant drop” in profitability this year as it turns around its acquisition of Tesco’s mainland stores. The partnership ...

    http://www.scmp.com/business/companies/article/1578394/china-resources-expects-drop-profitability-after-acquisition
  5. Business - Money

    Chart of the day: Is silver set to slide?

    Posted Aug 18th 2014, 04:01am by Nicole Elliott

    ... trades at less than half its peak price and all the technical signs point to a break below US$18.50. Do that and a drop to the US$10 level in 2008 is a real prospect, at which point a full cycle ...

    http://www.scmp.com/business/money/markets-investing/article/1575605/chart-day-silver-set-slide
  6. Business - Money - MARKETS

    Limited upside seen for Hong Kong stocks in second half

    Posted Jul 01st 2014, 04:05am by Benjamin Robertson

    ... Limited upside seen for HK stocks Concerns about the mainland economy and tinkering by the central bank contributed to a lacklustre first half for local markets, and analysts say the outlook ... were the worst performers, while the technology and property sectors finished the half in the black. Conglomerates rose more than 6 per cent, thanks to their international diversification, said ...

    http://www.scmp.com/business/money/markets-investing/article/1543901/limited-upside-seen-hong-kong-stocks-second-half
  7. News - Hong Kong - SOCIETY

    Half a million people could take part in Hong Kong's July 1 march, organisers say

    Posted Jun 29th 2014, 05:41am by Ada Lee

    ... Ada Lee ada.lee@scmp.com Organisers hope recent issues boost march turnout Organisers of the July 1 march hope recent controversies will push turnout above the 500,000 of 2003, when the first large-scale handover day march was held. The Civil Human Rights ...

    http://www.scmp.com/news/hong-kong/article/1542690/organisers-hope-recent-controversies-push-attendance-july-1-march
  8. Business - Money - LISTINGS

    Mainland regulator approves 11 IPOs

    Posted Aug 20th 2014, 09:21am by Daniel Ren

    ... the number of pending and launched initial share sales since June to 33, a third of the 100 quota set by the CSRC for the second half of this year. Five companies will list in Shanghai while ... cash-hungry firms. But the stock market's lacklustre performance in the first half of this year deterred CSRC chairman Xiao Gang from fast-tracking listing approvals for fear of triggering ...

    http://www.scmp.com/business/money/markets-investing/article/1577502/mainland-regulator-approves-11-ipos
  9. Business - China Business - EARNINGS

    Brilliance profit soars on back of BMW joint venture sales

    Posted Aug 20th 2014, 01:34am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Mainland carmaker's joint venture with German leader pays offwith first-half net rising 78.7pc Brilliance profit soars on back of BMW sales Brilliance China Automotive Holdings, the mainland partner of German luxury car brand BMW, said its first-half earnings soared 78.7 per cent from year-ago levels, bolstered by robust sales ...

    http://www.scmp.com/business/china-business/article/1577243/brilliance-profit-soars-back-bmw-joint-venture-sales
  10. Business - China Business - EARNINGS

    Mainland gaming firm CMGE gains from greater smartphone penetration

    Posted Aug 20th 2014, 01:34am by BIEN PEREZ

    ... solid. With its enriched game pipeline in the second half of 2014 and into 2015, we believe CMGE will continue to execute in capturing the fast growth of mobile gaming development in China," ... leading mainland players such as ZTE, Coolpad Group and Oppo Electronics. "We have pre-installed our Game Centre application in over 35 million handsets in the first half of this year, and we ...

    http://www.scmp.com/business/china-business/article/1577230/mainland-gaming-firm-cmge-gains-greater-smartphone

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