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  • August 21, 2014
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  1. Business - Commodities - EARNINGS

    Maanshan sees first-half loss more than double to 730.27m yuan

    Posted Aug 20th 2014, 10:08am by Enoch Yiu and Eric Ng

    ... she added. Maanshan said it planned to cut its manufacturing and procurement costs in the second half of the year, restructure its product mix and improve the efficiency of its sales system. ...

    http://www.scmp.com/business/commodities/article/1577537/maanshan-sees-first-half-loss-more-double-73027m-yuan
  2. Business - Economy - INVESTMENT

    Direct investment down 17pc as China's factories lose allure

    Posted Aug 18th 2014, 12:01pm by JEANNY YU AND DON WEINLAND

    ... into the service sector still maintained relatively rapid growth in July, [yet] the factory sector saw declines," he said. "As China enhances its efforts to restructure the economy, it is normal ...

    http://www.scmp.com/business/economy/article/1575959/fdi-down-17pc-mainland-factories-lose-their-allure
  3. News - Hong Kong - POLITICS

    HSBC backtracks on Occupy Central as reason for downgrading Hong Kong’s outlook

    Posted Jul 07th 2014, 11:22pm by Joyce Ng

    ... of the Baptist University’s Department of Finance & Decision Sciences, said while it is not unusual for analysts to update their reports, HSBC’s quick amendment “seemed a little bit odd ... of the company, but if there’s distance between [the company and the analysts’ views], it is obviously a managerial problem,” Mak said. The HSBC report came 10 days after ratings agency Moody's ...

    http://www.scmp.com/news/hong-kong/article/1549269/hsbc-downgrades-outlook-hong-kong-economy-partly-occupy-central-fears
  4. Business - Companies - TELECOMMUNICATIONS

    ZTE first-half net profits seen speeding up on 4G network growth

    Posted Aug 18th 2014, 04:01am by Sophie Yu

    ... On handset shipments, ZTE is under going some restructuring. The company earlier announced it would cut the devices it offers by 50 per cent, based on the 176 smartphone types in its mainland ...

    http://www.scmp.com/business/companies/article/1575665/zte-first-half-net-profits-seen-speeding-4g-network-growth
  5. Business - Commodities - INVESTIGATIONS

    CWT Commodities considers legal action amid Qingdao port probe

    Posted Aug 19th 2014, 01:27am by CHIM SAU-WAI

    ... on commodity financing.  Companies that have taken action over the commodity financing scandal in Qingdao include  HSBC, Citic Resources, Standard Chartered, Standard Bank, Citigroup, and Shanxi Coal ...

    http://www.scmp.com/business/commodities/article/1576403/cwt-commodities-considers-legal-action-amid-qingdao-port-probe
  6. News - China - CORRUPTION

    Deputy chief of CCTV's popular drama station placed under investigation

    Posted Aug 16th 2014, 02:30am by WU NAN

    ... at the centre's television and film department. The department was responsible for buying TV drama series for the whole network before the organisation was restructured, Caixin reported. In 2010, after ...

    http://www.scmp.com/news/china/article/1574470/cctv-channel-8-deputy-director-under-investigation
  7. Property - Hong Kong & China

    Midland set to sue shareholder Apex over investor row

    Posted Aug 16th 2014, 01:07am by Sandy Li

    ... poor performance since her appointment. Wong, however, said the firm has trimmed losses by 50 per cent in the first half after she restructured the sales team. ...

    http://www.scmp.com/property/hong-kong-china/article/1574455/midland-set-sue-shareholder-apex-over-investor-row
  8. Business - Commodities - METALS

    Three more banks gain approval to import gold into China

    Posted Aug 20th 2014, 01:34am by Reuters

    ... to foreign players. ANZ and HSBC were granted import licences late last year. China approached foreign banks, gold producers and refiners to participate in SGE's international bourse, to boost ...

    http://www.scmp.com/business/commodities/article/1577237/three-more-banks-gain-approval-import-gold-china
  9. News - Hong Kong - ECONOMY

    Forecasts for Hong Kong growth downbeat

    Posted Aug 19th 2014, 04:18am by Arthur Chan

    ... April to June, led the government to lower its annual growth forecast from 3 to 4 per cent to between 2 and 3 per cent last week. However, George Leung, adviser to the chief executive of HSBC ...

    http://www.scmp.com/news/hong-kong/article/1576268/forecasts-hong-kong-growth-downbeat
  10. Business - Economy

    Singapore economy expands, beats forecasts of a fall

    Posted Aug 13th 2014, 01:11am by Reuters

    ... to their full-year growth forecasts, citing factors such as weakness in manufacturing activity and concerns about economic restructuring. ...

    http://www.scmp.com/business/economy/article/1572427/singapore-economy-expands-beats-forecasts-fall

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