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  1. Business

    GSK says expects China bribes probe to hit performance

    Posted Jul 27th 2013, 05:12pm by Agence France-Presse in London

    ... Agence France-Presse in London GlaxoSmithKline expects its financial performance in China to take a hit from Bejing’s probe into bribery allegedly carried out by senior staff, the British pharmaceuticals company said on Wednesday. “Clearly, we are likely to see some impact to our performance in China as a result of the current investigation, but it is too early to quantify the extent ...

    http://www.scmp.com/business/article/1292105/gsk-says-expects-china-bribes-probe-hit-performance
  2. Business - Economy

    London Olympics brought in HK$117b for Britain

    Posted Jul 19th 2013, 12:10pm by AFP

    ... Agence France-Presse London Games brought in HK$117b The British government claimed yesterday that last year's Olympic Games in London gave the economy a massive boost, even while ... of staging the event. But analysts questioned some of the projects included in the study, including a £1 billion planned shopping centre in Croydon, south London- miles from the Olympic site. ...

    http://www.scmp.com/business/economy/article/1286073/britain-says-olympics-have-paid-economic-boost
  3. Business - Banking & Finance - CURRENCIES

    Singapore beats London as offshore yuan hubs jostle for new positions

    Posted Jul 30th 2014, 01:25am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com The movers shake up ranks of offshore yuan centres Singapore, the US, Australia and South Korea emerged as the offshore hubs that saw their shares of the renminbi payments market grow the most in the past year. Singapore overtook London to become the biggest offshore renminbi centre outside Hong Kong. Its payments value accounted for 28.4 per cent ...

    http://www.scmp.com/business/banking-finance/article/1562218/singapore-beats-london-offshore-yuan-hubs-jostle-new
  4. Business - Companies - TRANSPORT

    MTR lands £1.4b contract to run London Crossrail

    Posted Jul 19th 2014, 03:42am by CHIM SAU-WAI

    ... Chim Sau-wai sauwai.chim@scmp.com Hong Kong company beats three rival bids to operate new railway system for up to 10 years MTR wins £1.4b contract to run London Crossrail The MTR Corp has landed a £1.4 billion (HK$18.5 billion) contract to run the Crossrail train line that is being built across London. It won the deal just two days after announcing that chief executive Jay Walder ...

    http://www.scmp.com/business/companies/article/1556587/mtr-lands-ps14b-contract-run-london-crossrail
  5. Business - Comment - WHITE COLLAR ENOCH YIU

    Games brings economic respite but London pines for tourists

    Posted Nov 27th 2012, 12:00am by Enoch Yiu

    ... Enoch Yiu City escapes recession after nine months but taxi drivers see growth as only short term Games brings economic respite but London pines for tourists The London Olympics may well have helped Britain come out of recession but it does not seem to have helped attract tourists. In a recent trip to London, White Collar talked to a number of taxi drivers to find out what ...

    http://www.scmp.com/business/article/1091487/games-brings-economic-respite-london-pines-tourists
  6. Business - Commodities - TECHNOLOGY

    LME rolls out electronic network to speed up trade with Asia

    Posted Jul 25th 2014, 01:35am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com LME rolls out network to speed up trade with Asia The London Metal Exchange has teamed up with technology firm Colt Technology Services to introduce ... Exchange, Eurex, and SGX in Singapore. Jay Hibbin, the commercial director of MarketPrizm, a subsidiary of Colt, said LMEnet would facilitate faster and easier trading between Hong Kong and London ...

    http://www.scmp.com/business/commodities/article/1558508/lme-rolls-out-electronic-network-speed-trade-asia
  7. Business - Commodities - COMMENT

    London gold fix still does the job

    Posted Jul 14th 2014, 10:05am by ROSS NORMAN

    ... Ross Norman Improvements can be made to enhance the accountability and governance of the process London gold fix passes the test as a benchmark The Chinese expression "real gold is not afraid of the melting pot" suggests that if you have genuine quality, then you will not fear adversity. Well, in that sense, the London gold fix, an institution with a history going back ...

    http://www.scmp.com/business/commodities/article/1553861/london-gold-fix-still-does-job
  8. Business - Money - REMUNERATION

    British regulator has no problems with high pay for top fund managers

    Posted Aug 20th 2014, 09:40am by Bloomberg

    ... Bloomberg in London Financial watchdog 'comfortable' with high salaries despite calls for Europe-wide wage cap Fund managers' high pay not a problem: UK regulator Fund ... Conduct Authority, said in London. "We'd be comfortable with that." Regulators around the world have introduced measures to rein in bankers' pay after risky bets by traders ...

    http://www.scmp.com/business/money/markets-investing/article/1577511/british-regulator-has-no-problems-high-pay-top-fund
  9. Business - Commodities

    LME aluminium stock financiers tested by tightening spreads

    Posted Aug 21st 2014, 01:28am by Reuters

    ... Reuters in London Amid falls in LME holdings and tonnage for physical settlement, analysts warn of impact of tighter spreads on profitability of stocks financing Aluminium stock financiers tested The enigma machine that is the London aluminium market has shifted gears again. The front part of the London Metal Exchange (LME) curve has been tightening for several weeks to the point ...

    http://www.scmp.com/business/commodities/article/1577937/lme-aluminium-stock-financiers-tested-tightening-spreads
  10. Business - Banking & Finance - COURTS

    Another ex-Rabobank trader pleads guilty to Libor rigging

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

    ... Reuters in Washington Another ex-Rabobank trader admits rigging A former senior trader at Rabobank pleaded guilty to participating in a scheme to manipulate the yen's London interbank ... positions. Nine people, including Robson, have been charged by the Justice Department. Robson worked as a senior trader at Rabobank's money markets and short-term forwards desk in London ...

    http://www.scmp.com/business/banking-finance/article/1577197/another-ex-rabobank-trader-pleads-guilty-libor-rigging

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