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  • April 17, 2014
  • Last updated: 3:11pm
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  1. News - Hong Kong - LEISURE

    Legco is holding back Hong Kong's development of entertainment industry, complains Allan Zeman

    Posted Apr 08th 2014, 11:23pm by Tanna Chong

    ... Tanna Chong tanna.chong@scmp.com Legco holding city back, says Zeman Hong Kong will lose out to other Chinese cities within five years at the current pace of development, entertainment mogul Allan Zeman has warned. The chairman of Ocean Park and Lan Kwai ...

  2. Business - Commodities - ENERGY

    China’s coal miners in crisis

    Posted Apr 02nd 2014, 09:45am by Reuters

    ... are grappling with overcapacity, sluggish demand and shrinking bank credit. The troubles faced by small miners in the region are likely to be replicated across China's coal industry, posing a risk ... industry will undergo a major consolidation Weng Qing’an, China Coal Energy It is not clear how many mines have gone out of business, or shut down temporarily, but veteran coal traders said ...

  3. Business - Banking & Finance - ACQUISITIONS

    ICBC buys 60 pc of Standard Bank's markets unit

    Posted Jan 30th 2014, 05:01am by Bloomberg

    ... Bank unit Industrial and Commercial Bank of China, the world's most profitable lender, agreed to pay about US$765 million for 60 per cent of Standard Bank's markets unit to expand ... this year. ICBC bought a 20 per cent stake in Standard Bank for US$5.4 billion in 2007, making it China's biggest overseas purchase at the time. In 2012, the Chinese lender acquired 80 per cent ...

  4. Business - Banking & Finance - BANKING

    Mainland China banks to sell stock to bolster capital

    Posted Apr 02nd 2014, 05:45am by Bloomberg

    ... Bloomberg in Shanghai and Beijing Large mainland banks poised to issue preferred shares to help comply with new capital rules Lenders to sell stock to bolster capital Industrial and Commercial Bank of China and its competitors are poised to issue preferred shares this year to shore up finances as slowing profit growth curbs their ability to retain earnings as capital. ICBC, ...

  5. News - Hong Kong - TELECOMMUNICATIONS

    Industry sources doubt China Mobile will clean up at 3G spectrum auction

    Posted Nov 25th 2013, 04:54am by SAMUEL CHAN

    ... year's auction was politically motivated to allow China Mobile, the world's largest wireless network operator, to enter the local 3G market. Industry observers have speculated ... Samuel Chan samuel.chan@scmp.com China Mobile 'unlikely' to clean up in 3G sale China Mobile is unlikely to win the third of the 3G spectrum about to be prised away from ...

  6. Property - International - UNITED STATES

    US housing industry shows signs of warming up after brutal winter

    Posted Apr 09th 2014, 04:28am by Reuters

    ... Rob Henger, a director of mortgage banking with FirstBank in Tennessee, said confidence was back. "The damage to our industry and the public perception of housing and mortgage banking ...

  7. News - China - YANGTZE BRIEFING

    Empty office buildings point to deeper malaise in China's wealthiest region

    Posted Apr 05th 2014, 03:35am by Daniel Ren

    ... or industrial zones. Incumbent officials had the clout to draw new investors by offering incentives such as tax breaks or promises of procurement contracts for manufacturers that set up in the new ...

  8. Comment - Blogs

    The five drivers of China’s Internet deal frenzy

    Posted Apr 02nd 2014, 04:26pm by Jonathan Woetzel and Jeffrey Towson

    ... of the industrial age. At the start of the Internet age. And now at the start of a new, but not yet named, age in China. Then, like now, the leading companies are scrambling to find a new business model ... there is an interesting contrast between the lack of regulation in China’s online businesses and the tight regulations of many offline industries. This has created a tempting situation where the Internet ...

  9. Business - Companies - SHIPPING

    Shipping industry set to emerge from five-year downturn

    Posted Feb 08th 2014, 05:12am by Reuters

    ... Reuters in Singapore Dry cargo ships likely to see strongest recovery after a slump caused by years of overcapacity Shipping to emerge from downturn The shipping industry is poised ... rates will also rise as fleet growth is slowing, while strategic oil reserve projects in China and India should boost already solid Asian demand. The recovery will bring some respite to shipping ...

  10. News - China - TURKEY

    Turkey sacks defence official involved in China missile talks

    Posted Mar 28th 2014, 03:39pm by Reuters in Ankara

    ... Turkey has removed Murad Bayar, Defence Ministry undersecretary for the state-run defence industries, from his post with immediate effect, the official gazette showed on Thursday. The ministry did not give a reason for the decision. Bayar had been influential in Turkey’s negotiations with China over the procurement of a missile defence system. Turkey’s Nato allies voiced concern ...




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