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  • August 28, 2014
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  1. Business - Companies - TELECOMMUNICATIONS

    India's Karbonn Mobiles eyes listing by 2016 with Android sales boost

    Posted Aug 28th 2014, 05:03am by Reuters

    ... Reuters Karbonn eyes listing by 2016 with Android boost Karbonn Mobiles, the third-largest smartphone maker in India, expects to go public by 2016 as it bets on sales of Android devices ... quarter," research firm International Data Corp has said. Sales of smartphones grew 84 per cent in India in the second quarter of this year, IDC said. Smartphone users in India were expected to grow ...

    http://www.scmp.com/business/companies/article/1581323/indias-karbonn-mobiles-eyes-listing-2016-android-sales-boost
  2. News - Hong Kong - TRAVEL

    How one buyer got a flying start in Cathay sale

    Posted Aug 28th 2014, 04:56am by DANNY LEE

    ... Danny Lee danny.lee@scmp.com 'Playing around' helped traveller grab HK$100 flights while thousands made futile attempts How one buyer got a flying start in Cathay sale A Hong Kong-based frequent flyer has revealed how he turned cyber-queue jumper, snapping up a pair of cheap Cathay Pacific flights to New York while 150,000 frustrated buyers spent hours trying in vain ...

    http://www.scmp.com/news/hong-kong/article/1581296/how-one-buyer-got-flying-start-cathay-sale
  3. News - World - AVIATION

    Midair clash over gadget that stops aircraft seats reclining spurs sales

    Posted Aug 27th 2014, 09:25pm by Bloomberg

    ... Bloomberg in Chicago Sales soar for gadget that prevents aircraft seats reclining after mid-flight skirmish in the US Device makes flying less laid back A sneaky device that blocks ... Ira Goldman, crashed after traffic surged, and sales rose "substantially" for the US$21.95 plastic clips that have been on the market since 2003. While a product that interferes ...

    http://www.scmp.com/news/world/article/1581261/midair-clash-over-gadget-stops-aircraft-seats-reclining-spurs-sales
  4. Business - Companies - SHARES

    Garage sale on cards as fund managers make room for Alibaba

    Posted Aug 27th 2014, 10:24am by Reuters

    ... at their portfolios, it may trigger a garage sale of names that are failing to impress Wall Street, including US e-commerce rival Amazon, fund managers said. "Any company that didn't meet expectations and give a rosy outlook is probably being considered as a sale candidate to make room for a name like this," said Jim O'Donnell, chief investment officer of Forward Securities, ...

    http://www.scmp.com/business/companies/article/1581057/garage-sale-cards-fund-managers-make-room-alibaba
  5. Property - Hong Kong & China - EARNINGS

    Shimao's net jumps, but weak sales spur cut in R&F's target

    Posted Aug 27th 2014, 01:28am by YVONNE LIU AND SANDY LI

    ... per cent jump in first-half net profit yesterday, but falling turnover prompted fellow developer Guangzhou R&F Properties to cut its full-year target for contracted sales by 14 per cent. ... slightly in the second half as Shimao tried to boost sales. The firm generated more than 32.1 billion yuan from contracted sales in the first half. It will launch sales of flats worth 10 billion ...

    http://www.scmp.com/property/hong-kong-china/article/1580992/shimaos-net-jumps-weak-sales-spur-cut-rfs-target
  6. Property - Hong Kong & China - EARNINGS

    Midland losses narrow as new homes sales rebound

    Posted Aug 27th 2014, 01:27am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Turnover rises 8.1pc but the company chairman says he expects the second half to remain hard Midland losses narrow as new home sales rebound A sharp rebound in sales of new homes and cost control measures helped Hong Kong's only listed realtor, Midland Holdings, to cut losses by more than half in the first six months of the year. Chairman Freddie ...

    http://www.scmp.com/property/hong-kong-china/article/1580996/midland-losses-narrow-new-homes-sales-rebound
  7. Property - Hong Kong & China

    R&F Properties scales down sales target

    Posted Aug 26th 2014, 04:12pm by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Guangzhou R&F Properties has cut its contracted sales target by 10 billion yuan (HK$12.57 billion) this year on signs of slowing sales. The developer yesterday announced its net profit climbed 8 per cent year on year to 1.58 billion yuan in the first half but turnover fell 4 per cent to 9.82 billion as property sales took a hit in China. Profit ...

    http://www.scmp.com/property/hong-kong-china/article/1580806/rf-properties-scales-down-sales-target
  8. Business - Companies - AVIATION

    Revenue boost for two mainland aviation firms on helicopter sales

    Posted Aug 26th 2014, 02:57pm by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Helicopter sales fuel Avic firms' revenues Two aviation manufacturing units of state-owned Aviation Industry Corp of China (Avic) yesterday reported increases in revenue fuelled by growth in the helicopter business. Despite disappointment in net profit, market sentiment remains hopeful in anticipation of policy relaxation regarding general ...

    http://www.scmp.com/business/companies/article/1580795/avichina-profit-disappoints
  9. News - Hong Kong - WELFARE

    Sales tax mooted to fund pension for all

    Posted Aug 25th 2014, 05:31am by TIMMY SUNG

    ... Timmy Sung timmy.sung@scmp.com Commission on Poverty member says reviving the idea of a goods and services tax can pay for proposed HK$3,000 per month subsidy Tax on sales mooted to fund ... to broaden the tax base and reduce dependence on fluctuating revenue from land sales. Paul Ho Yiu-po, deputy chairman of the taxation committee at accounting body CPA Australia, agreed ...

    http://www.scmp.com/news/hong-kong/article/1580448/tax-sales-mooted-fund-pension-plan
  10. Business - Companies - DEBT

    Land Rover's surging China sales slash bond risk at India's Tata Motors

    Posted Aug 26th 2014, 01:10am by BLOOM

    ... Bloomberg in Mumbai The unit of the Indian carmaker that also includes Jaguar posts 61pc sales jump in key market for quarter, driving down credit-default swaps Land Rover's China sales slash Tata Motors' bond risk India's top carmaker can thank China's appetite for a British off-road vehicle brand for the biggest drop in bond risk in the global industry. ...

    http://www.scmp.com/business/companies/article/1580686/land-rovers-surging-china-sales-slash-bond-risk-indias-tata

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