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  • July 30, 2014
  • Last updated: 4:47pm
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  1. Business - Banking & Finance - EARNINGS

    Japanese banks failing to reward investors

    Posted Jul 05th 2014, 01:51am by BLOOM

    ... Bloomberg in Tokyo Leading lenders are trailing their global peers in sharing profits with shareholders but promise to increase returns as they expand overseas Japanese banks fail to reward investors Japan's biggest banks, which posted record earnings last year, are less generous than their global peers in sharing profits with investors while they search for more ...

  2. Business - Companies - EARNINGS

    Google's second-quarter revenue tops estimates on robust ad sales

    Posted Jul 19th 2014, 01:58am by BLOOM

    ... of SoftBank Corp and chie executive of SoftBank Internet and Media. Omid Kordestani, who helped craft Google's business model and was a senior adviser to the company, will take over Arora's ...

  3. Business - Companies - EARNINGS

    IBM revenue falls further in second quarter but beats market target

    Posted Jul 19th 2014, 01:58am by BLOOM

    ... to US$4.32 a share, 1 US cent higher than analysts' estimates. Rometty is banking on a strong second half to hit her targets for the company's performance even as IBM adapts ...

  4. Business - Money - EARNINGS

    Profit outlook dims for mainland China firms traded in the US market

    Posted Jul 01st 2014, 04:05am by Bloomberg

    ... the central government has implemented tax breaks, accelerated spending and cut some banks' reserve requirements, investors are concerned that officials are not doing enough to stem a decline ... website, sank 29 per cent last quarter. Deutsche Bank has cut its estimate for SouFun's sales this year by 8 per cent and lowered the earnings projection by 29 per cent after SouFun discounted ...

  5. Business - Companies - EARNINGS

    Silver Base turns to its CEO for financial help

    Posted Jul 01st 2014, 04:05am by TIFFANY AP

    ... on hand was only 82 million yuan. Silver Base said it would request to renew its bank borrowings. The anti-graft campaign has hit high-end liquor sales, causing prices to tumble. High end baijiu ...

  6. Business - Companies - EARNINGS

    Foxconn chief Gou calls for patience as he invests to tap new markets

    Posted Jun 26th 2014, 01:07am by BLOOM

    ... more high-skilled positions as Gou strives to meet his goal for profit growth of 10 per cent. Foxconn's founder has met with executives including Tesla's Elon Musk, SoftBank ... Earlier this month, Tokyo-based SoftBank unveiled its emotion-reading robot called Pepper, which will be manufactured by Foxconn. Musk told Tesla shareholders his company is increasing cooperation ...

  7. Business - Banking & Finance - EARNINGS

    Bad loans to weigh on Chinese banks' first half profits

    Posted Aug 12th 2013, 12:00am by JANE CAI

    ... as regulators decided to rein in shadow banking and crack down on the bond market. Small and medium-sized banks were affected severely because they are the major borrowers in the interbank market. ... Jane Cai in Beijing xuejun.cai@scmp.com Lenders' earnings seen growing 10 per cent as non-performing loan ratio rises to 0.93 per cent Bad loans to weigh on mainland bank profits ...

  8. Business - Banking & Finance - EARNINGS

    HSBC expects to increase dividend

    Posted May 20th 2014, 12:56am by Jeanny Yu

    ... In 2011, the bank paid shareholders 43 per cent of its earnings per share, or 39 US cents. Last year, the payout ratio was raised to 57 per cent with 48 US cents- at the top end of its payout ratio ... as "simpler, leaner" than it was in 2011, when he took the helm and set out on a restructuring strategy for the bank that included plans to shut down unprofitable businesses globally and cut ...

  9. Business - Banking & Finance - EARNINGS

    Construction Bank profit grows 11pc on interest income and cost controls

    Posted Mar 31st 2014, 05:27am by Zhang Hong

    ... Zhang Hong in Beijing hong.zhang@scmp.com Interest income boosts CCB profit 11pc China Construction Bank, the mainland's second-biggest bank by assets, recorded an 11 per cent gain ... than 2012 but still pushing up the bank's net interest income by 36 billion yuan. "The bank cultivated and improved its pricing ability under the condition of interest rate ...

  10. Business - Banking & Finance - EARNINGS

    Record quarterly profit for DBS, OCBC

    Posted Apr 30th 2014, 10:06am by Reuters

    ... Reuters in Singapore DBS and OCBC post quarterly earnings that beat market forecasts as loans increase Singapore's top two banks see record gain DBS and Oversea-Chinese Banking Corp, Singapore's two biggest banks, reported record quarterly profit and beat market estimates, powered by double-digit percentage growth in loans and improving interest rate margins. ...




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