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  • August 27, 2014
  • Last updated: 5:37pm
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  1. Business - Companies - HUMAN RESOURCES

    Yahoo chief calls for return to workstations

    Posted Feb 27th 2013, 12:00am by BLOOM

    ... Bloomberg in San Francisco Employees working from home told to report to offices but the move may have risks Yahoo chief calls for return to workstations Yahoo chief executive Marissa Mayer, by ordering staff to report to offices, risks losing the productivity gains that can come from flexible work arrangements and jeopardising her ability to lure top talent. Jackie Reses, ...

    http://www.scmp.com/business/companies/article/1159392/yahoo-chief-calls-return-workstations
  2. Business - Banking & Finance - REGULATION

    Banks learn about the difference in US and HK money-laundering rules

    Posted Aug 25th 2014, 03:34am by ENOCH YIU AND DON WEINLAND

    ... Enoch Yiu and Don Weinland Monetary Authority says while it does not use the same tools as its US counterparts, it insists the standards in HK are just as rigorous Fines reveal differencein dirty-money rules Standard Chartered is the latest global bank with extensive operations in Hong Kong to learn the hard way that financial regulators in the city and the United States take ...

    http://www.scmp.com/business/banking-finance/article/1580466/banks-learn-about-difference-us-and-hk-money-laundering
  3. Business - China Business - LABOUR

    Loading up on hours suits many workers

    Posted May 31st 2013, 12:00am by Sophie Yu

    ..., many workers preferred doing overtime because that substantially increased their income. Workers are paid 1.5 times their standard salary by hour from Monday to Friday for work beyond eight ... on hours suits many workers Li Ruoyu works at Wuxi Hongding Textile Fibre in Henan province to support his two children. He says he does not mind working extra hours- in fact, the more the better. ...

    http://www.scmp.com/business/china-business/article/1249881/loading-hours-suits-many-workers
  4. Business - Money - TRADING

    Shanghai stock market unlikely to follow Hong Kong trading hours

    Posted Jul 28th 2014, 04:27am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Shanghai unlikely to follow HK stock market hours Shanghai is unlikely to stretch stock exchange trading hours to match Hong Kong's, despite ... with a one-hour break for lunch at noon. According to sources, Shanghai will initially keep trading hours unchanged when Hong Kong and mainland investors begin dealing in each other's markets ...

    http://www.scmp.com/business/money/markets-investing/article/1560753/shanghai-stock-market-unlikely-follow-hong-kong
  5. 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
  6. 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
  7. Business - Banking & Finance - COURTS

    StanChart sues over metal fraud claims

    Posted Jul 15th 2014, 01:31am by BLOOM

    ... Bloomberg Bank seeks US$35.6 million inlawsuit against Decheng Mining owner StanChart sues over metal fraud claims Standard Chartered is suing Chen Jihong, the owner of a metals trading ... the US$40 million loan facility, according to a July 8 lawsuit filed at Hong Kong's High Court. A spokeswoman for Standard Chartered in Singapore yesterday confirmed the lawsuit against ...

    http://www.scmp.com/business/banking-finance/article/1554304/stanchart-sues-over-metal-fraud-claims
  8. Comment - Insight & Opinion - THE VIEW

    Bureaucratic meddling the bane of business world over

    Posted Aug 27th 2014, 09:44am by Stephen Vines

    ... for business and is aided and abetted by an impressive phalanx of advisory committees that supposedly draw on the experience and expertise of people working in the industries to be regulated. On closer ... of this is to say that business should not be regulated; indeed just one glance at the appalling workplace standards on the mainland suggests that safety regulations need to be strengthened or, at the very ...

    http://www.scmp.com/comment/insight-opinion/article/1581041/bureaucratic-meddling-bane-business-world-over
  9. Business - Commodities - ENERGY

    Power generators rally on price cut

    Posted Aug 27th 2014, 02:31pm by Eric Ng

    ... September 1, the national average generators on-grid selling prices will be lowered by 0.93 fen per kilo-watt-hour. Retail prices will remain unchanged. A rebound in coal prices could put power producers under pressure Evan Li, Standard Chartered Analysts had expected a cut of around 2 fen per kWh. The cut takes into account the need to help producers fund expenditure to install ...

    http://www.scmp.com/business/commodities/article/1581132/power-generators-rally-price-cut
  10. 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

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