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  • April 18, 2014
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  1. Business - Money - IPOS

    Handbag IPO fails to carry its price

    Posted Nov 05th 2012, 12:00am by PHILIP ESPINASSE

    ... Philippe Espinasse moneypost@scmp.com Handbag IPO fails to carry its price Second-hand luxury handbag retailer Milan Station made headlines last week as it warned of an expected loss this year, which it said was to be blamed on continued slow demand for l ...

    http://www.scmp.com/business/money/markets-investing/article/1074660/handbag-ipo-fails-carry-its-price
  2. Business - Companies - RETAILING

    Tesco profit declines for second year as UK sales worsen

    Posted Apr 17th 2014, 01:09am by BLOOM

    ... excluding petrol, the most since chief executive Philip Clarke took office three years ago. With Tesco shares languishing near a 10-year low, the results will increase the pressure on Clarke as he ... … is changing more rapidly than ever before TESCO CEO PHILIP CLARKE Tesco said it wrote down the value of its European assets by £734 million and its discontinued operation in China by £540 million. ...

    http://www.scmp.com/business/companies/article/1484841/tesco-profit-declines-second-year-uk-sales-worsen
  3. Business - Companies - APPOINTMENTS

    Philip Morris appoints new chief executive

    Posted Mar 16th 2013, 12:00am by Bloomberg

    ... Bloomberg in New York Change comes as the world's largest listed tobacco company seeks to expand in China Philip Morris names new chief Philip Morris International named Andre ... of the board, Philip Morris said. Calantzopoulos takes charge five years after Philip Morris was spun off from Altria, enabling it to accelerate acquisitions and expand into emerging markets. He ...

    http://www.scmp.com/business/companies/article/1191835/philip-morris-appoints-new-chief-executive
  4. Business - Companies - ELECTRONICS

    Mainland shoppers boost sales of Philips' lifestyle products in Hong Kong

    Posted Nov 15th 2012, 12:00am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Mainland shoppers buy into 'lifestyle' electronics Royal Philips Electronics is seeing brisk business for its "consumer lifestyle" products in Hong Kong, thanks to high demand from the growing numbers of mainland tourists shopping in the city. Without providing sales figures, Philips Hong Kong chairman Wiebo Vaartjes said: ...

    http://www.scmp.com/business/companies/article/1082653/mainland-shoppers-boost-sales-philips-lifestyle-products-hong
  5. Business - Comment - LAI SEE

    When do we declare the cruise terminal a white elephant?

    Posted Mar 19th 2014, 12:33am by Howard Winn

    ... Howard Winn Looking more closely at the schedule for dockings at our spanking new cruise terminal, we can see why Commissioner for Tourism Philip Yung was so keen on setting up an Asia Cruise Fund. The idea is that participating markets "pool financial incentives" and essentially subsidise cruise lines in their marketing and product development costs to encourage them ...

    http://www.scmp.com/business/article/1451946/when-do-we-declare-cruise-terminal-white-elephant
  6. Business - China Business - TRADE

    Debate in US over trade deficit with China heats up

    Posted Mar 20th 2014, 10:07am by Toh Han Shih

    ... of total employment from 14.4 per cent in 2000 to 10.1 per cent in 2010, said Philip Levy, senior fellow at the Chicago Council on Global Affairs, a US think tank. But US manufacturing's share ...

    http://www.scmp.com/article/1453005/debate-us-over-trade-deficit-china-heats
  7. Business - Comment - LAI SEE HOWARD WINN

    HSBC goes for cooler image at the Sevens this year

    Posted Mar 14th 2014, 12:53am by Howard Winn

    ... attention.   Lifebelt for cruise terminal We see that Commissioner for Tourism Philip Yung has announced something called an Asia Cruise Fund while attending the Cruise Shipping Miami conference ...

    http://www.scmp.com/business/article/1448056/hsbc-goes-cooler-image-sevens-year
  8. Business - China Business - DEBT

    Shanghai Chaori Solar Energy defaults on bond issue

    Posted Mar 08th 2014, 01:41am by Jasper Moiseiwitsch, Langi Chiang and Agencies

    ... of bonds without good credit [defaulting]. There is a concern about a domino effect," said Philip Li, a managing director at China Chengxin International Credit Rating, a mainland ratings ...

    http://www.scmp.com/business/china-business/article/1443153/shanghai-chaori-solar-energy-defaults-bond-issue
  9. Business - China Business - FINANCE

    Online finance firms face scrutiny

    Posted Feb 13th 2014, 01:24am by Kwong Man-ki

    ... Officials were also responding to collapses among a separate group of small internet-based lending firms, the report said. Chen Xingyu, a Shanghai-based analyst with Philip Securities, said ...

    http://www.scmp.com/business/china-business/article/1426760/online-finance-firms-face-scrutiny
  10. Business - China Business - CREDIT RATINGS

    It's all investment grade in China

    Posted Feb 17th 2014, 04:47am by Jasper Moiseiwitsch

    ... this is so. Philip Lee, the Hong Kong-based managing director of Chengxin’s international rating operations, said the rating agencies were launched to develop China’s bond market, to help wean firms ...

    http://www.scmp.com/business/china-business/article/1429243/its-all-investment-grade-china

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