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  • November 29, 2014
  • Last updated: 6:37am
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  1. Business - Companies - MANAGEMENT

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

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

    ... Bloomberg in Shanghai Wal-Mart sacks top HK, mainland executives Wal-Mart Stores, the world's top retailer, has fired about 30 senior executives in China, including several in Hong ... reappointed Scott Price as Asia chief this month as the retailer faces headwinds in its biggest markets in the region. US-based Wal-Mart is encountering stiff competition in China and also dealing ...

  2. Business - Economy - ECONOMY

    Consumer confidence in Hong Kong rises as China economy stabilises

    Posted Nov 29th 2014, 03:46am by SHIRLEY ZHAO

    ... gives retailers renewed optimism, a new index shows. Researchers believe the recovery is due to the launch of the Shanghai-Hong Kong Stock Connect on November 17, which helped offset ... to buy daily household products seen as having better quality and credibility. The research showed retail sales accounted for 23.3 per cent of the city's GDP last year, with 38 per cent ...

  3. Business - Money - IPO

    Mixed Hong Kong IPO debuts as oil’s plunge casts shadow over market

    Posted Nov 28th 2014, 10:09am by Ray Chan

    ... received by both retail and institutional investors, leading to 100 times oversubscription in their retail tranche. An oversubscription doesn’t guarantee an strong market debut, but it reflects overall participation since both retail and institutional investors can use margin financing to increase their size in subscribing for IPO shares. EGL and Maple Leaf raised HK$115 and HK$866 ...

  4. Business - China Business - ANALYSIS

    China on course to build world's first trillion-dollar online retail market

    Posted Nov 20th 2014, 07:13am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Alibaba and JD lead the way with mobile transactions likely to dominate internet sales Mainland set to be first US$1tr online retail market With e-commerce giants Alibaba Group Holding and JD.com driving domestic sales, the mainland could be on course to become the world's first US$1 trillion online retail market in five years. The milestones ...

  5. Business - Economy - ECONOMY

    Japan's lacklustre data deals blow to Abe growth push

    Posted Nov 29th 2014, 04:14am by AFP

    ... in a note. Separate figures showed the country's unemployment rate slipped to 3.5 per cent from 3.6 per cent, while retail sales rose 1.4 per cent in October. However, household spending fell ...

  6. 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

    ... by the slowdown in retail sales growth and the specialty restaurants sector in Hong Kong, Lo said. “Entering the second half of the year, we maintain a cautious view on the company’s full-year ...

  7. Business - Companies - EARNINGS

    Chow Tai Fook outlook dulls as profit drops 23pc

    Posted Nov 26th 2014, 04:55am by Reuters

    ... Reuters Protests take toll on sales at the jewellery retailer despite a decline in gold prices Chow Tai Fook outlook dulls as profit drops 23pc Weak sales of gold products saw Chow Tai Fook Jewellery Group, the world's largest jewellery retailer by market value, post a 23 per cent drop in half-year profit yesterday. The company reported net profit of HK$2.69 billion ...

  8. Business - Companies - ACQUISITIONS

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

    Posted Nov 28th 2014, 12:05pm by BIEN PEREZ, Sophie Yu

    ... in Europe as speculation swirled about its reported bid for EE or Telefonica's O2 in Britain. The Hong Kong blue chip, which has interests from ports and retail to property ...

  9. Business - Companies - BONUSES

    Hong Kong companies increasingly use shares to compliment cash bonuses

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

    ... Asian staff like shares, or do they prefer cash? Many employees in Asia, particular those in Hong Kong and mainland China, are very smart retail investors who already invest in stock markets ... and share-award plans. But nowadays, share schemes have diversified to almost all sectors from banks and trading companies to retail and catering. In Hong Kong, companies like HSBC, HKEx, Li & Fung ...

  10. Business - Economy - ECONOMY

    Australian economy shows signs of a move away from mining

    Posted Nov 28th 2014, 03:22am by Bloomberg

    ... which are forecasting growth in investment and accounted for about 40 per cent of total capital spending in the quarter, include retailing, financial services, and utilities. A separate private ...




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