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  • November 1, 2014
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  1. Business - Commodities - ENERGY

    Titan's white knight GZE orders six drilling rigs as part of expansion

    Posted Oct 27th 2014, 05:19am by Eric Ng

    ... orders for the construction of six drilling rigs, which are intended to be deployed in potential oil and gas projects it may invest in, according to chairman Xiong Zhaohui. "We ... billion) last year from 18.8 billion yuan in 2010 as trading volume and business scope expanded, is deploying its resources into upstream development. Of the six drilling rigs it ordered, two ...

  2. Business - China Business - INFRASTRUCTURE

    Six-year logistics blueprint released

    Posted Oct 06th 2014, 03:59pm by JING YANG

    ... Jing Yang jing.yang@scmp.com State Council gives go-ahead to mainland port almost doubling its quay length Six-year logistics blueprint released The State Council has published a sweeping blueprint for developing China's logistics infrastructure and capacity over the next six years, while approving a plan to roughly double the size of the deepwater port in Tianjin in an effort ...

  3. Business - Banking & Finance - CURRENCIES

    Oversold British pound to test a six-year high on markets

    Posted Aug 20th 2014, 01:34am by BLOOM

    ... to test a six-year high against the US dollar, Barclays says, as futures traders increased bets it would strengthen after it fell too far, too fast. The pound this month reached its most oversold ... year. Then, the pound rallied as much as 5.8 per cent to its peak in June. Speculative investors increased bullish bets by 55 per cent from the lowest level in almost six months, figures from ...

  4. Business - Commodities

    China's Baosteel says national 2013 steel output higher than official data

    Posted Aug 04th 2014, 05:50pm by Reuters

    ... Reuters in Beijing China’s leading steelmaker has estimated national crude steel output last year at 822 million tonnes, nearly 6 per cent above official data, suggesting the country’s ... China produced 412 million tonnes of steel in the first six months of this year, up 3 per cent on the official data, the industry group said. But with demand stagnant as a result of downturns ...

  5. Business - Companies - AVIATION

    Singapore group wins US$1.4b contract to build Yangon airport

    Posted Oct 30th 2014, 06:26am by Bloomberg

    ... broke down earlier this year. Yongnam shares surged in Singapore the most in more than six months in intraday trading after the contract was announced. Upgrading the airport is part of the government's effort to create jobs in one of Asia's poorest countries. The US eased sanctions on Myanmar in 2012 and the European Union and Japan wrote off loans owed by the nation, following ...

  6. Business - Economy - ECONOMY

    China’s July official services PMI dips to six-month low

    Posted Aug 03rd 2014, 02:23pm by Reuters

    ... Reuters in Beijing PMI figures dip to six-month low as new orders slow last month Mainland services growth weakens Growth in the mainland's services sector slipped to a six-month low ... purchasing managers' index (PMI) for the non-manufacturing sector slowed to 54.2 in July from June's 55, the National Bureau of Statistics said yesterday. That is the weakest reading since ...

  7. Business - Money - MARKETS

    Chinese stock markets edge up after National Day break

    Posted Oct 08th 2014, 10:47am by Ray Chan

    ... from the Japanese central bank. The bullish sentiment in mainland China's market evident before the National Day holiday showed no sign of waning as investors returned from the "golden week" break, even after the World Bank cut the nation's growth forecast in the interim. Buoyancy in the market has been partly driven by a surge in military-related stocks ahead ...

  8. Business - China Business - State-Owned Enterprises

    Beijing selects six state-owned enterprises for reform trials

    Posted Jul 15th 2014, 07:54pm by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com The mainland authorities have selected six central government-controlled groups for reform trials aimed at introducing more competition ... such as oil, telecommunications, power and aviation. Peng said China National Pharmaceutical Group and China National Building Materials Group had been selected for a trial of running a mixed-ownership ...

  9. Business - Banking & Finance - DEVELOPMENT

    Competing interests between BRICS nations could lead to challenges for new bank: analysts

    Posted Jul 21st 2014, 03:18am by Daniel Ren, Teddy Ng, KRISTINE KWOK

    ... nations, and the bank's relatively small initial capitalisation, present obstacles, they say. Founded by Brazil, Russia, India, China and South Africa, the bank will start lending by 2016 ... at the China Europe International Business School in Shanghai, said nations seeking to cast a more influential role and leverage could present a hurdle. "It takes a long time and intense ...

  10. Business - Companies

    Sales down at fashion retailer I.T amid street protests

    Posted Oct 28th 2014, 05:42am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com I.T sales off 30pc in holiday week Fashion retailer I.T's sales during the National Day golden week holiday dropped an average of 30 per cent, while ... as possible". The company reported profit grew in the six months to the end of August, helped by a low base from last year after the company abruptly halted promotions, which caused sales to decline. ...




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