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  • July 24, 2014
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  1. Business - Economy

    US west coast ports union less likely to rock the boat in pay talks

    Posted Jul 02nd 2014, 01:39am by BLOOM

    ... Alison Vekshin and James Nash While memories of US west coast dispute linger, falling cargo share may hasten pay deal in talks between dockworkers and employer group Ports union less ... to avoid a repeat that could be twice as expensive. Talks between the International Longshore and Warehouse Union and the Pacific Maritime Association may go on for weeks without any disruption ...

  2. Business - China Business - MANUFACTURING

    Tangshan mill closure reflects wider problems in Chinese steel industry

    Posted Jul 24th 2014, 01:06am by Reuters

    ... of excess production capacity- far more than either US output of 87 million tonnes or the European Union's 166 million tonnes. The mainland is estimated to have a steel production capacity ...

  3. Business - China Business - E-COMMERCE

    Central bank sends mixed signals on online payments

    Posted Jul 21st 2014, 03:18am by DON WEINLAND

    ... card monopoly China UnionPay said online payments, like those processed by Alibaba Group's AliPay and Tencent's TenPay, should integrate with its clearing house by July this year. ... that the company routes transactions directly to banks, not through UnionPay. AliPay declined to answer questions on how the company processed payments. The regulators are facing technologies ...

  4. Business - Banking & Finance - CURRENCIES

    Beijing's QDII scheme to increase outflow of yuan stalls

    Posted Jul 23rd 2014, 01:33am by Jeanny Yu

    ... to avoid lessons seen in Russia, Mexico and Argentina," he said. "When the Soviet Union fell apart in 1998, the sudden free-market mechanism caused inflation to surge and the rouble ...

  5. Business - China Business - FOREIGN INVESTMENT

    China's rivals catching up in investment race in Myanmar

    Posted Jul 21st 2014, 03:18am by Toh Han Shih

    ... Union and US sanctions against his country. Myanmar awarded Statoil and US partner ConocoPhilips a joint 50-50 licence to search for offshore oil and gas in the Bay of Bengal. "This ...

  6. Business - Companies - GAMING

    Sands China profit hit by rising costs for Macau casino staff

    Posted Jul 18th 2014, 02:57am by TIFFANY AP

    ... cent year on year while mass tables were up by 32 per cent. China Union Gaming analyst Grant Govertsen said: "We tend to think that World Cup had a much greater negative impact on mass ...

  7. Business - Economy

    China battles to boost investment inflows

    Posted Jul 16th 2014, 01:15am by Victoria Ruan

    ... companies believe the "golden age" for multinationals is over, a survey by the European Union Chamber of Commerce in China showed in May. A breakdown of the FDI data paints a mixed ... in the first half from a year earlier. However, investment from key trade partners such as the United States, other members of the European Union and Southeast Asian countries all declined, and flows ...

  8. Business - Commodities - TRADE DISPUTES

    US broke WTO rules with duties on Chinese steel, solar panels, judges find

    Posted Jul 15th 2014, 10:06am by Reuters

    ... and will take all appropriate steps to ensure that US remedies against unfair subsidies remain strong and effective,” Froman said. Many other members of the organisation, including the European Union ...

  9. Business - China Business - CREDIT

    Chinese regulators keep foreign credit card issuers on tight leash

    Posted Jul 14th 2014, 03:09am by DON WEINLAND

    ... exclusively on the US company's network and is not routed via mainland card monopoly China UnionPay. The card sports only an American Express logo and is not co-branded with a UnionPay mark like ... for yuan-denominated transactions at home, the other for payments made in US dollars abroad. The domestic card bundled with the international one is branded with a UnionPay logo, the Minsheng Bank website ...

  10. Business - Money - IPO WATCH

    Maths behind junket outfit Iao Kun's Hong Kong listing plan looks wobbly

    Posted Jul 14th 2014, 03:09am by Ray Chan

    ... in the illicit use of UnionPay cards to evade strict cross-border money flows. Iao Kun, formerly known as Asia Entertainment & Resources, is one of the few listed junket stocks in the US, whereas ...




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