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  • September 3, 2014
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  1. Business - Companies - TECHNOLOGY

    Baidu raises bar in mobile mapping with US$10m IndoorAtlas investment

    Posted Sep 03rd 2014, 01:54pm by BIEN PEREZ

    ... start-up IndoorAtlas. The transaction marks Baidu’s first investment in a European company and is expected to strengthen the firm’s indoor mapping capabilities across the country. Founded in 2012, ... with billions of advertising dollars at stake.” A recent report by Opus Research predicts magnetic positioning will emerge as the “foundational” technology for global indoor location services. ...

    http://www.scmp.com/business/companies/article/1584387/baidu-raises-bar-mobile-mapping-us10m-indooratlas-investment
  2. Business - Economy - COMMENT

    Link between Chinese exports and US job losses isn’t cut and dried

    Posted Sep 03rd 2014, 11:48am by PATRICK LOW

    ... Bigger issues are in play. The disregard of services makes for a very partial picture. Services are the dominant source of value and job creation in the US, as in many countries. Yet ... job switching). Other factors at work are changes in demand and productivity growth. All this, of course, is against the background of a secular shift out of manufacturing in OECD countries ...

    http://www.scmp.com/business/economy/article/1584327/link-between-chinese-exports-and-us-job-losses-isnt-cut-and-dried
  3. Business - Economy - REPORT

    Japan overtakes Hong Kong in competitiveness rankings

    Posted Sep 03rd 2014, 10:43am by Reuters

    ... into third place, leaving Finland and Germany in its wake. The Global Competitiveness Report published by the Geneva-based body, which is most famous for gathering politicians and billionaires for an annual exchange of views at the Swiss resort of Davos, showed the same countries filling the top 10 spots for at least the third year running. Switzerland’s slick efficiency, innovation ...

    http://www.scmp.com/business/economy/article/1584291/japan-overtakes-hong-kong-competitiveness-rankings
  4. Business - China Business - REGULATION

    Chinese insurers fined 111m yuan over price fixing in car policies

    Posted Sep 03rd 2014, 10:19am by Kwong Man-ki

    ... price supervision unit, told the China News Service on Tuesday that the investigations were based on reports from media and other people. She said the probes also covered nine other insurers, ... 15.99 million yuan and China United Property Insurance got a fine of 10.29 million yuan. PICC Property & Casualty, the first company to report to the NDRC and submitted a report on the key ...

    http://www.scmp.com/business/china-business/article/1584278/chinese-insurers-fined-111m-yuan-over-price-fixing-car
  5. Business - Companies - TECHNOLOGY

    New iPhone launch to help boost exports from mainland China and Taiwan

    Posted Sep 03rd 2014, 09:47am by BIEN PEREZ

    ... a report by Bank of America Merrill Lynch. Taiwan’s export growth could be boosted by about 2 percentage points per month during August to September and 1 percentage point per month from November to January 2015, said Lu Ting, the report’s lead author and China economist at Bank of America Merrill Lynch (Hong Kong). Lu said mainland China and Taiwan recorded year-on-year export growth of 4.9 ...

    http://www.scmp.com/business/companies/article/1584264/new-iphone-launch-help-boost-exports-mainland-china-and-taiwan
  6. Business - Banking & Finance - INVESTIGATIONS

    Credit Suisse probing alleged pillow talk by trader

    Posted Sep 03rd 2014, 09:27am by Reuters

    ... Reuters in London Credit Suisse said it was investigating allegations of trader misconduct reported in The Wall Street Journal on Tuesday. The newspaper, citing sources familiar ... in London, was alleged to have improperly shared client information with her husband, Toby Henderson, a trader at rival bank RBC Capital Markets. The newspaper reported that the internal probe also ...

    http://www.scmp.com/business/banking-finance/article/1584258/credit-suisse-probing-alleged-pillow-talk-trader
  7. Business - China Business - TELECOMMUNICATIONS

    China Mobile lures bulls amid profit turnaround bets

    Posted Sep 03rd 2014, 01:33am by BLOOM

    ... planned, chief financial officer Xue Taohai said last month. China Unicom (Hong Kong) and China Telecom Corp would also reduce subsidies after regulators told the country's biggest carriers ... of brokerages covering China Mobile that recommended the stock as of Monday, compared with 40 per cent before the subsidy cuts and first-half results were reported on August 14. The average price target ...

    http://www.scmp.com/business/china-business/article/1583956/china-mobile-lures-bulls-amid-profit-turnaround-bets
  8. Business - Commodities

    Chinese lenders boost precious metals stock amid rising demand

    Posted Sep 03rd 2014, 01:33am by Bloomberg

    ... Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China, the country's four biggest lenders, were worth 378 billion yuan (HK$475 billion) at the end of the second quarter, according to financial reports. The growth since last year outpaced the gain in benchmark bullion prices, which rose 7.5 per cent over the same period. China is seeking to rein ...

    http://www.scmp.com/business/commodities/article/1583960/chinese-lenders-boost-precious-metals-stock-amid-rising-demand
  9. Business - Economy

    Stalling economy highlights tricky Swiss balancing act

    Posted Sep 03rd 2014, 01:33am by BLOOM

    ... just 2.6 per cent of its euro-zone exports and less than the value of goods sold to the United Arab Emirates, Singapore and Canada, according to customs office data. As a neutral country ...

    http://www.scmp.com/business/economy/article/1583993/stalling-economy-highlights-tricky-swiss-balancing-act
  10. Business

    Awards raise standards for Hong Kong's financial planning sector

    Posted Sep 03rd 2014, 01:33am by John Cremer

    ... John Cremer Sector encouraged to build strong foundation to withstand changes. Reports byJohn Cremer Continuing to raise the bar Even in an age of frequent social media updates and instant celebrity status, the hard work and contributions of many important members of the community may not always get the attention they deserve. "In many ways, for instance, financial consultants ...

    http://www.scmp.com/business/article/1584071/awards-raise-standards-hong-kongs-financial-planning-sector

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