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  • November 29, 2014
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  1. Business - Companies - ACQUISITIONS

    Li Ka-shing’s Hutchison may bid for EE or O2 in UK mobile market

    Posted Nov 28th 2014, 12:05pm

    ... the financial resources to do it.” EE, owned by Orange and Deutsche Telekom, is Britain’s largest mobile network operator and valued at 11 billion pounds (HK$133.93 billion), while second-ranked O2 ... is usually auctioned, and the market price keeps rising. “Through acquisition, Hutchison may secure spectrum resources with smaller costs,” he added. Hutchison had earlier paid 225 million pounds ...

  2. Business - Companies - RESTAURANTS

    Three Hong Kong-listed restaurant chains said revenues up as consumption, food scandals hit China

    Posted Nov 28th 2014, 03:47pm by Toh Han Shih

    ... “During the review period, the company has consolidated its mainland China business. Underperforming stores were closed; while more efforts and resources were placed on well-established ...

  3. Business - Companies - MANAGEMENT

    Wal-Mart sacks senior executives on mainland and in Hong Kong

    Posted Nov 28th 2014, 04:35am by Bloomberg

    ... Bracy declined to comment. Some staff in the human resources department in Hong Kong were also dismissed, while employees in the real estate division were moved to Wal-Mart China's ...

  4. Business - China Business - RESTAURANTS

    China restaurant chain Xiao Nan Guo takes 65pc stake in coffee chain

    Posted Nov 27th 2014, 12:41pm by Sophie Yu

    ... to the company. Xiao Nan Guo said the acquisition is part of the strategy to generate growth through key additions, and it believes following the transaction, there will be opportunities for resource ...

  5. Business - Economy - INVESTMENT

    China steps up bid to lure private funds in key sectors

    Posted Nov 27th 2014, 06:17am by Victoria Ruan

    ... interest projects, including some state-dominated sectors such as oil refineries, telecommunications and nuclear power. The government also said it would push forward with reform of resource prices, start trading of emissions rights, develop loans backed by expected income from urban facilities and use fiscal resources to buy into industry equity funds. Sectors mentioned in the plan ...

  6. Business - Companies - BONUSES

    Hong Kong companies increasingly use shares to compliment cash bonuses

    Posted Nov 28th 2014, 08:18am by Enoch Yiu

    ... to participate in the scheme to motivate their team spirit.     Why do companies need to use your services rather than their own in-house human resources departments? When I first arrived in Hong Kong ...

  7. Comment - Insight & Opinion - LEADER

    Obama shows he's no lame duck after election defeats

    Posted Nov 27th 2014, 04:19am by SCMP Editorial

    ... for more than five years whose children are citizens or lawful residents. Bringing them in from the cold will free up enforcement resources for redeployment against real border threats ...

  8. News - World - SCIENCE

    Mirrors could replace air conditioning by beaming heat into space

    Posted Nov 27th 2014, 09:44am by The Guardian

    ... darkness of the universe can be used as a renewable thermodynamic resource, even during the hottest hours of the day," the scientists write in Nature. Writing in the journal, Fan puts ...

  9. Business - Companies - EARNINGS

    China Resources Enterprise sinks into losses

    Posted Nov 14th 2014, 03:09pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Revamp costs and anti-graft campaign push supermarket operator into red in third quarter Tesco stores to cloud CRE outlook Supermarket operator China Resources Enterprise (CRE) sank into a HK$71 million loss for the third quarter, compared with a profit of HK$920 million for the same period last year. In a statement to the Hong Kong stock ...

  10. Business - Economy - THE VIEW

    China’s rate cut a baby step as other reforms needed

    Posted Nov 27th 2014, 09:08am by RICHARD HARRIS

    ... and corruption, if continued, will encourage the market allocation of resources. The ability to remove the salt monopoly after 1,300 years is a powerful illustration of the desire of this administration ...




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