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  • October 22, 2014
  • Last updated: 11:47pm
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  1. 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 ...

  2. Business - Economy - TRADE

    Japan exports grow at fastest pace in 7 months, but slowing growth looms

    Posted Oct 22nd 2014, 02:30pm by Reuters

    ... Reuters in Tokyo Japan’s exports rose at the fastest pace in seven months in September as sales to Asia picked up, but signs of slowing global growth may hurt the trade sector’s ability ... are adding to pressure on the Bank of Japan and the government to step up policy support as the economy struggles to recover from the pain of an April sales tax hike. A recent run of weak data ...

  3. 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 ...

  4. Business - Economy

    Trade still key to China's economy despite attempts at rebalancing

    Posted Oct 22nd 2014, 05:21am by CHIM SAI WAI

    ... losing its lustre. "We are seeing fewer visitors coming to the Canton Fair, probably because the global economy is still weak," said Luo Xijin, a sales representative at Guangdong JMA ... to support the economy, according to Shen. Imports declined 2.4 per cent year on year in August and rebounded 7 per cent last month, in a sign that demand is far from stable. Retail sales grew 11.6 ...

  5. 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 ...

  6. News - Hong Kong - WINE

    Bordeaux winemakers hit hard by plunging demand from China

    Posted Oct 19th 2014, 05:45am by Amy Nip, AFP

    ... Amy Nip and Agence France-Presse Slump in China sales hits Bordeaux hard Global exports of Bordeaux wine have plunged, largely because of a sharp decline in demand from China, where ... the decline, with a drop in sales of 25 per cent by volume and 26 per cent by value. In Hong Kong they fell 9 per cent by volume and 7 per cent by value. British website Harpers reported that CIVB had ...

  7. Business - China Business - EARNINGS

    China Overseas Land & Investment lifts operating profit 13.4pc

    Posted Oct 21st 2014, 01:55pm by Sandy Li

    ... months of the year. Turnover jumped 12.6 per cent from the same period last year to HK$61.18 billion on strong sales, the developer said in a filing with the stock exchange on Tuesday. In a tough market environment, China Overseas Land said, the group and its joint-venture operations secured contracted sales of HK$105.6 billion from January to September. It has achieved 75.4 per cent ...

  8. Business - Companies - ACQUISITIONS

    Qatar sovereign fund buys 19.9pc of Sogo operator Lifestyle for HK$4.8b

    Posted Oct 20th 2014, 09:50am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com The HK$4.78 billion sale will give the investment agency a 19.9 per cent stake in Lifestyle, part of a strategy of picking up luxury store names Qatari fund ... family trust and Chow Tai Fook Enterprises, which is controlled by the family of Cheng Yu-tung. After the sale, Real Reward will own 32.27 per cent of Lifestyle. Lau will remain ...

  9. Business - Economy

    Bank of Japan stays upbeat on economy

    Posted Oct 21st 2014, 05:08am by Reuters

    ... Reuters in Tokyo Central bank chief says country recovering moderately after pain from sales tax increase Bank of Japan stays upbeat on economy Most Japanese regional economies continue to recover as the pain from a sales tax increase in April starts to ease, the Bank of Japan said in a quarterly report, maintaining its optimism on the outlook despite growing signs growth may ...

  10. 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 ...




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