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  • September 17, 2014
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  1. Business - Banking & Finance

    Diners Club sale draws interest from Japanese banks

    Posted Sep 15th 2014, 04:40am by Bloomberg

    ... Bloomberg in Tokyo Banks look at Diners Club sale in Japan Citigroup's Diners Club card brand in Japan is among assets drawing interest from lenders as the bank seeks bids for its retail operations in the country, people with knowledge of the matter said. Sumitomo Mitsui Financial Group, Mizuho Financial Group, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Trust Holdings ...

    http://www.scmp.com/business/banking-finance/article/1592717/diners-club-sale-draws-interest-japanese-banks
  2. Business - Companies - FUNDRAISING

    Tian Shan Development to raise HK$100m from bond sale

    Posted Sep 12th 2014, 10:58am by Langi Chiang

    ... in contracted sales to 1.1 billion yuan. ...

    http://www.scmp.com/business/companies/article/1590736/tian-shan-development-raise-hk100m-bond-sale
  3. Property - Hong Kong & China - PROPERTY

    Sales of new homes in Hong Kong may hit seven-year high of 16,000

    Posted Sep 12th 2014, 06:09am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Developers are rushing to bring forward project launches to make the most of positive buying sentiment amid the easing of pre-sale rules Sales of new homes may hit seven-year high of 16,000 Sales of new homes in Hong Kong could climb to a seven-year high this year as more developers bring launches forward in a bid to cash in on improved buying ...

    http://www.scmp.com/property/hong-kong-china/article/1590404/sales-new-homes-hong-kong-may-hit-seven-year-high-16000
  4. Business - Companies - EARNINGS

    McDonald’s August sales hit by China meat scandal

    Posted Sep 10th 2014, 10:23am by Agence France-Presse

    ... Agence France-Presse in New York Sales at McDonald’s restaurants dropped in August, hurt by a food-safety scandal in China and heavy competition in the US, the company said on Tuesday. The US fast-food giant said global comparable sales fell 3.7 per cent in August, bigger than the 2.5 per cent decline in July. “During August, McDonald’s global business faced several headwinds ...

    http://www.scmp.com/business/companies/article/1589202/mcdonalds-august-sales-hit-china-meat-scandal
  5. Property - Hong Kong & China - RESIDENTIAL

    Hong Kong developers push new projects as sales momentum grows

    Posted Sep 09th 2014, 02:11pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Developers ready for new project push Developers are gearing up to market new home projects as sales momentum gains ground but activity in the secondary sector ... estates in the secondary market for the week to September 7, down 20 per cent from a week earlier, sales figures tracked by Ricacorp Properties showed. There were 2,500 units that had secured ...

    http://www.scmp.com/property/hong-kong-china/article/1588562/hong-kong-developers-push-new-projects-sales-momentum-grows
  6. Business - Economy - ECONOMY

    Japan’s economy shrinks in second quarter as sales tax rise hits

    Posted Sep 08th 2014, 09:21am by Reuters

    ... Reuters in Tokyo Rise in sales tax blamed as economy contractsby 7.1 per cent,worse than initial estimates Japan GDP shrinks most in five years Japan's economy shrank an annualised 7.1 per cent in the April-June quarter, more than a preliminary estimate, underscoring concerns the hit from an April increase in the sales tax may have been bigger than expected. The revised ...

    http://www.scmp.com/business/economy/article/1587657/japans-economy-shrinks-second-quarter-sales-tax-rise-hits
  7. News - China - FOOD SAFETY

    Taiwan premier bans sale of 235 food companies’ products as ‘gutter oil’ scandal grows

    Posted Sep 05th 2014, 07:20pm by Lawrence Chung in Taipei and Alice Yan Lawrence.chung@scmp.com

    ... to make sure these related food products are not on sale in Hong Kong”, she said. Chan added that the centre would also carry out a review to consider whether existing laws governing ...

    http://www.scmp.com/news/china/article/1586065/taiwans-premier-bans-sale-235-food-companies-products-gutter-oil-scandal
  8. News - World - UNITED STATES

    Tobacco sales halted sooner than planned at US drug store chain CVS

    Posted Sep 04th 2014, 10:17pm by AFP

    ... Agence France-Presse in Washington Leading US drug chain ends sale of tobacco CVS, the leading US drug chain by sales, announced that it had stopped selling tobacco products and was changing its name to reflect a greater focus on health. CVS- which operates some 7,700 pharmacies- said on Wednesday that it had ended the sale of cigarettes, pipe tobacco and other products ...

    http://www.scmp.com/news/world/article/1585257/tobacco-sales-halted-sooner-planned-us-drug-store-chain-cvs
  9. Business - China Business - FOOD

    Yum’s expects 13pc fall in same-store sales in China after supplier probe

    Posted Sep 04th 2014, 10:34am by Reuters

    ... Reuters Yum Brands estimated same-store sales in China fell about 13 per cent in the third quarter and continue to decline, hurt by a food safety scare in late July when a former supplier ... negative impact to sales at both KFC and Pizza Hut following adverse publicity regarding improper food-handling practices by former supplier Shanghai Husi,” Yum said in a regulatory filing. “While ...

    http://www.scmp.com/business/china-business/article/1584930/yums-expects-13pc-fall-same-store-sales-china-after-supplier
  10. Business - Companies - PROPERTY

    Fantasia’s August sales up 119pc as Chinese cities ease curbs

    Posted Sep 04th 2014, 12:53pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Fantasia Holdings said it pulled in 1.04 billion yuan (HK$1.31 billion) in property sales last month, up 119 per cent from July as more Chinese cities have ... generated 3.31 billion yuan from the sale of 509,803 sq metres of property at an average price of 6,510 yuan per square metre. Shares of Fantasia rose 1.06 per cent to 95 HK cents at noon ...

    http://www.scmp.com/business/companies/article/1585020/fantasias-august-sales-119pc-chinese-cities-ease-curbs

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