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  • September 17, 2014
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  1. Business - China Business - INTERNET

    UnionPay relaunches online service for mainland shoppers

    Posted Sep 11th 2014, 06:02am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Payment provider hopes upgraded platform will help it cash in on mainland shoppers' affluence UnionPay relaunches online shopping service UnionPay, the mainland's dominant payment service provider, has hopped on the bandwagon of haitao- cross-border online shopping by mainland consumers- as it relaunched its online trading ...

  2. Business - Economy - INVESTMENT

    Mainland China’s FDI stumbles 14pc in August

    Posted Sep 16th 2014, 02:34pm by Victoria Ruan

    ... in the January-August period slumped 43.3 per cent from the same period last year at US$3.2 billion. Investment from the United States fell 16.9 per cent to US$2.1 billion, while that from the European Union ...

  3. Business - Economy - MACROSCOPE

    Dollar wins back investors as US economic outlook brightens

    Posted Sep 15th 2014, 04:40am by DAVID BROWN

    ... basis, the dollar looks a much better bet than many of its major rivals. The euro remains deeply affected by uncertainties surrounding the Economic and Monetary Union- and whether the currency ... the pound are being pummelled by the threat of Scottish independence and a possible future British exit from the European Union. Set against this backdrop, it is no surprise that currency investors ...

  4. Business - Economy - MACROSCOPE

    European economy weak due to lack of competitiveness

    Posted Sep 16th 2014, 03:23am by Bloomberg

    ... costly to fire and labour unions too powerful to oppose. Another cause for weak productivity growth is that European companies are consistently underinvesting. Investment by non-financial ...

  5. Business - Money - EQUITIES

    Investors hedge their bets in case Scotland votes for independence

    Posted Sep 12th 2014, 06:19am by Reuters

    ... Kingdom. The referendum scheduled for September 18, which will decide whether Scotland leaves the 307-year-old union, is too close to call, according to one polling firm. That has rattled investors who had dismissed any need to alter trading strategy while the pro-union camp sat on a comfortable lead for months. Some investors are opting to sell rather than take any risk- outflows from ...

  6. Business - Companies - GAMING

    Trump casinos file for bankruptcy as Atlantic City gaming revenues slump

    Posted Sep 10th 2014, 10:30am by McClatchy Tribune

    ... with its largest union, Local 54 of Unite Here, but so far had failed to win concessions. Absent those concessions, Griffin said, Trump would likely close Taj Mahal on November 13, or shortly ...

  7. News - China - ECONOMY

    Li Keqiang downplays fears over anti-monopoly probes ahead of economic forum

    Posted Sep 09th 2014, 11:47pm by Victoria Ruan

    ... stimulus policies and its monetary policy would remain prudent. The European Union Chamber of Commerce in China called yesterday for "a resolute implementation" of Beijing's pledged ...

  8. Business - Economy

    Germany and France drawing up plan to boost EU investment

    Posted Sep 09th 2014, 04:42am by Reuters

    ... Reuters in Berlin Germany, France in investment discussion The German and French finance ministers are working on joint proposals for increasing investment in Europe that they will discuss with their European Union colleagues at a meeting this weekend in Milan, a German finance ministry spokeswoman said yesterday. The joint discussion paper for Saturday's meeting would include proposals ...

  9. Business - Banking & Finance - CURRENCIES

    Australia dollar down as consumer confidence drops

    Posted Sep 11th 2014, 06:02am by Bloomberg

    ... at the start of this month. "The Fed is likely to raise rates by mid-2015, while other countries like Japan are forced to still ease," said Kazuo Shirai, a trader at Union Bank in Los ...

  10. Business - Economy - REFORMS

    China reforms moving too slowly, EU business group warns

    Posted Sep 09th 2014, 12:20pm by Kwong Man-ki

    ... slowdown, the European Union Chamber of Commerce in China warned yesterday. "The groundwork has been laid, but it's time that China's leadership walks the talk across the full ...




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