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  • August 21, 2014
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  1. Business - Banking & Finance - REGULATION

    Standard Chartered ‘close’ to settlement with New York regulator

    Posted Aug 19th 2014, 10:53am by Reuters

    ... Reuters in New York Standard Chartered is close to a deal to pay between US$200 million and US$300 million to resolve allegations by New York’s banking regulator that it failed to review ... said. The penalty would be the second the British bank has paid to the New York Department of Financial Services in two years. In August 2012, Standard Chartered agreed to a US$340 million ...

    http://www.scmp.com/business/banking-finance/article/1576651/standard-chartered-close-settlement-new-york-regulator
  2. Business - Banking & Finance - BANKING

    Standard Bank writes off US$80m for Qingdao metal financing exposure

    Posted Aug 15th 2014, 08:24am by Chim Sau Wai

    ... Chim Sau Wai South Africa’s Standard Bank has booked an US$80 million writedown from its exposure to a suspected aluminium financing fraud in China. Mainland authorities are investigating suspected fraud and detained a cargo of metals that included aluminium and copper at Qingdao port, the third busiest port in the country. Standard Bank- 20 per cent owned by Industrial ...

    http://www.scmp.com/article/1574106/standard-bank-writes-us80-million-qingdao-metal-financing-exposure
  3. News - Hong Kong - ENVIRONMENT

    Water quality standards at bridge defended

    Posted Aug 11th 2014, 06:10am by CHEUNG CHI-FAI

    ... Cheung Chi-fai chifai.cheung.@scmp.com Department says its relaxation of rules for work on bridge to Macau and Zhuhai is reasonable Water quality standards at bridge defended The environmental watchdog has defended its decision to relax the water quality standards for the Hong Kong section of the bridge linking the city with Zhuhai and Macau, saying that the change is both ...

    http://www.scmp.com/news/hong-kong/article/1570814/water-quality-standards-bridge-defended
  4. News - Hong Kong - WORK SAFETY

    Decade-old work safety laws 'need urgent review' amid reports of lax standards

    Posted Aug 08th 2014, 01:40pm by MICHELLE TOH

    ... for Labour and Welfare Matthew Cheung Kin-chung announced in May that prosecutions and fines for deadly accidents had gone up. But Chan Kam-hong, the group’s chief executive, says safety standards ...

    http://www.scmp.com/news/hong-kong/article/1569117/decade-old-work-safety-laws-need-urgent-review-amid-reports-lax
  5. Business - Banking & Finance - EARNINGS

    Standard Chartered first-half profits plummet 20pc

    Posted Aug 06th 2014, 05:07pm by DON WEINLAND

    ... hopeful after net dips 20 pc Embattled Standard Chartered chief executive Peter Sands pledged the bank will perform better in the second half of 2014 after its interim earnings report showed ... be higher than in the same period last year. Standard Chartered and HSBC Holdings, which reported a 12 per cent year-on-year decline in profits before tax on Monday, have emphasised the importance ...

    http://www.scmp.com/business/banking-finance/article/1567684/stanchart-first-half-pre-tax-profits-fall-20pc-line-market
  6. Business - Banking & Finance - CAPITAL MARKETS

    Standard Chartered's new Hong Kong chief May Tan eyes China growth

    Posted Jul 21st 2014, 03:18am by Ray Chan

    ... of Standard Chartered's first female chief executive in Hong Kong. May Tan, who took on the top job at the start of this month, joined the emerging markets-focused bank in 2009 through its ... of Lehman Brothers almost brought down the global financial system. "It was an honourable deal since Standard Chartered did not change its bid price for Cazenove even after the Lehman ...

    http://www.scmp.com/business/banking-finance/article/1556880/standard-chartereds-new-hong-kong-chief-may-tan-eyes-china
  7. Business - Banking & Finance - EARNINGS

    HSBC and StanChart pin growth hopes on rate rises

    Posted Aug 11th 2014, 03:56am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com HSBC and StanChart pin growth hopes on rate rises Sit tight, investors. That seems to be the message from Standard Chartered and HSBC Holdings after the two banks posted disappointing, albeit widely anticipated, declines in profits last week. HSBC reported a 12 per cent drop in profits before tax in the first half to US$12.3 billion. Standard ...

    http://www.scmp.com/business/banking-finance/article/1570896/hsbc-and-stanchart-pin-growth-hopes-rate-rises
  8. Speciality film manufacturer sets standards for consumer electronics

    Posted Jul 09th 2014, 11:05am by Reports by Stacey Johnson, Christina Liedke and Jessica Ryan

    ... and other gadgets continue to make their debut, Kimoto evolves alongside trends as a technology specialist that sets quality and performance standards for consumer electronics. "Developing ... Kimoto says. "We try to set the standards for market specifications as much as possible." Kimoto has been dedicated to continually improving its products since its inception in 1952 ...

    http://www.scmp.com/article/1550190/speciality-film-manufacturer-sets-standards-consumer-electronics
  9. Aichi's breakthrough technologies hoist work platform standards

    Posted Jul 08th 2014, 03:42pm by Reports by Stacey Johnson, Christina Liedke and Jessica Ryan

    ... mechanised vehicles by creating efficient and innovative equipment tailored to industry requirements and safety standards. Aichi, established in 1962, is a subsidiary of Toyota Industries, the world ...

    http://www.scmp.com/article/1549622/aichis-breakthrough-technologies-hoist-work-platform-standards
  10. Takiron's advanced plastics technologies set industry standards

    Posted Jul 08th 2014, 09:45am by Reports by Stacey Johnson, Christina Liedke and Jessica Ryan

    ... Reports by Stacey Johnson, Christina Liedke and Jessica Ryan Transforming plastics into building materials, industrial components and medical resorbable osteosynthesis devices, Takiron stays resilient by providing solutions inspired by the boundless stren ...

    http://www.scmp.com/article/1549407/takirons-advanced-plastics-technologies-set-industry-standards

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