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  • July 26, 2014
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  1. News - World - UNITED STATES

    Microsoft investors push for Bill Gates to step down

    Posted Oct 02nd 2013, 10:51am by Reuters in New York and Seattle

    ... Reuters in New York and Seattle The investors are concerned that Gates’ role as chairman could block new strategies Three of the top 20 investors in Microsoft are lobbying the board to press for Bill Gates to step down as chairman of the software company he co-founded 38 years ago, according to people familiar with matter. While Microsoft Chief Executive Steve Ballmer has been ...

  2. Business

    Apple poised to ship iPhones to China Mobile

    Posted Sep 07th 2013, 10:01am by Agence France Presse in New York

    ... Agence France Presse in New York China’s biggest mobile carrier looks set to sell Apple’s iPhone, hugely increasing the California-based company’s distribution in the world’s largest smartphone market, the Wall Street Journal reported on Friday. Apple is preparing to ship iPhones to China Mobile, in a successful conclusion to years of negotiations with the Chinese wireless giant ...

  3. Business

    Apple loses world’s most valuable company crown

    Posted Jan 26th 2013, 01:26pm by Agence France Presse in New York

    ... to edge into first place. Apple first overtook ExxonMobil in August 2011 as the most valuable company in the world based on the value of its stock. A year later, Apple dethroned longtime rival ... Cho at Mirae Asset Securities said Apple will likely increase carrier subsidies this year and launch an “entry-level” iPhone to compete better in emerging markets. “These moves by Apple should ...

  4. Business - Economy

    US has a year's buffer for rate rise, New York Fed's William Dudley says

    Posted Jun 26th 2014, 01:08am by Reuters

    ... of the Fed's policy-setting committee this year, said in remarks at the Economic Club of New York. Plosser said the current economic projections of Fed officials would produce a target interest rate ... Reuters in Washington and Puerto Rico New York Fed president looks to mid-2015 for move on short-term interest rates, leaving time to cut unemployment without inflation risk Fed has ...

  5. Business - Banking & Finance - LOANS

    Taiwan banks to double exposure to mainland over next few years

    Posted Jul 25th 2014, 01:35am by DON WEINLAND

    ... of last year when liquidity on the mainland tightened, but lending has slowed this year. Risks for Taiwan in lending to private mainland firms were highlighted in May when China Lumena New ... Don Weinland don.weinland@scmp.com Island's lenders to boost lending over the next two years despite increased default risks Taiwan banks to double exposure to the mainland Taiwanese ...

  6. Business - Economy - RETAIL

    Hong Kong year-on-year retail sales show 4.1 per cent drop for May

    Posted Jul 03rd 2014, 11:47pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Year-on-year consumer spending dropped by 4.1pc in May amid ongoing effects of poor jewellery sales and discounting by retailers City's shop sales drop for third month Hong Kong's retail sales fell 4.1 per cent year on year in May, the third straight month of shrinking consumer spending exclusing the Lunar New Year month of Feburary, ...

  7. Business - Commodities - METALS

    Copper prices to remain stable until next year, predicts MMG mining chief

    Posted Jul 22nd 2014, 12:29am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com MMG mining chief's prediction comes as world supplies of metal expected to stay unchanged Copper prices to remain stable until next year The price of copper is likely to remain relatively flat until the middle of next year as difficulties in increasing supply from Indonesia and Mongolia and the covering of missing stock related to a metals-backed ...

  8. Business - Commodities

    China three years late on installing offshore wind farms

    Posted Jul 18th 2014, 02:57am by BLOOM

    ... Bloomberg in Beijing China's offshore wind plans fall 3 years behind China is three years behind schedule on a plan that would make it the world's biggest market for offshore ... in 2011 to build 5,000 megawatts of offshore wind turbines in four years, enough to power 5.4 million homes. With less than 10 per cent of that capacity in place, officials now say they won't ...

  9. Business - Companies

    AIA sees big boost from new policy sales

    Posted Jul 26th 2014, 01:39am by Enoch Yiu

    ... was US$1.46 billion for the six months ended May, up 15 per cent from a year earlier and beating a market consensus of 11 per cent growth. New business rose 23 per cent to US$792 million. Chief ... Enoch Yiu enoch.yiu@scmp.com Leading insurer posts operating profit riseof 15 per cent that beats market target AIA sees big boost from new policies AIA Group, the largest insurer in Hong ...

  10. Business - Companies - TECHNOLOGY

    New Microsoft Satya Nadella CEO seeks to reinvigorate software giant

    Posted Jul 26th 2014, 01:39am by BLOOM

    ... Salesforce.com which trades at 105 times projected earnings. "The elephant in the room was Nokia, and now the new elephant is that with the stock up so much year to date, will the fundamentals now ... Bloomberg in Seattle Satya Nadella wants his staff to step it up for a return to the innovative culture of the 1990s Low-key new chief quietly drives Microsoft revival The day Satya ...




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