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  • November 23, 2014
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  1. Business - Banking & Finance - EARNINGS

    Standard Chartered first-half profits plummet 20pc

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

    ... Like HSBC, Standard Chartered has also been hit with massive compliance costs in the US. New York state's financial regulator is preparing legal action against the bank for inadequate protection against money laundering, The New York Times reported on Tuesday. ...

  2. Business - Companies - EARNINGS

    Cathay ekes profit amid cargo pressure

    Posted Aug 14th 2013, 12:30pm by Charlotte So

    ... operation later this year. Cathay restored flights to Los Angeles to three times daily from June and intends to restore flights to New York to four times daily from next month. This week, it said, it was adding a daily flight to New York's Newark Airport. Compared with long-haul flights, Cathay said its regional routes faced yield erosion due to competition and price cuts. Traffic growth ...

  3. Business - Commodities - EARNINGS

    Solar-panel maker Yingli Green Energy expects gross margin to rise

    Posted Jan 31st 2013, 12:00am by BLOOM

    ... margin was negative in the third quarter, for the first time since the firm listed on the New York Stock Exchange in 2007, coming in at minus 23 per cent because of falling prices and lower sales ... to rise to as much as 20 per cent this year if module prices rebound and production costs drop. "Our production costs will decline considerably as new materials and technology are used, ...

  4. Property - Hong Kong & China - EARNINGS

    SouFun falls amid price incentives for homebuyers

    Posted Sep 19th 2014, 05:34am by Bloomberg

    ... Bloomberg in New York SouFun falls amid price incentives for homebuyers SouFun shares are posting the longest streak of losses since 2011 in US trading on concern the new price incentives ... Capital. "This business model won't work out well." SouFun's American depositary receipts dropped 4.6 per cent to US$9.64 in New York on Wednesday, pushing the decline over ...

  5. Business - China Business - EARNINGS

    JD.com eyes sharper focus on mobile, lower-tier cities in China

    Posted Nov 18th 2014, 05:11am by BIEN PEREZ

    ... offerings on the company's own application and on internet giant Tencent Holdings' Weixin and Mobile QQ messaging apps "spurred mobile orders to grow more than five times year over ... with its "focus on investing in new strategic initiatives … and increasing penetration in lower-tier cities". Beijing-based JD reported that its net loss in the third quarter narrowed ...

  6. Business - Companies - EARNINGS

    Alibaba seen posting solid numbers in first earnings report since US IPO

    Posted Nov 03rd 2014, 04:19am by BIEN PEREZ

    ... Alibaba's blockbuster US$25 billion flotation in New York in September and ambitious global expansion plans have made it the bellwether of the mainland's fast-growing internet industry and Ma, an English teacher-turned-entrepreneur, its unofficial poster boy. New York-traded Alibaba will report earnings for its fiscal second quarter, ended September, before the US market opens tomorrow. ...

  7. Business - Companies - EARNINGS

    Cash-rich Alibaba to continue its spending spree

    Posted Nov 05th 2014, 03:21am by Bien Perez and Sophie Yu

    ... Sophie Yu and Bien Perez Quarterly net income rose 15.5pc to US$1.11 billion, in line with market expectations, as 29 million new active users signed up for mobile apps Cash-rich Alibaba ... Wu said: "We continue to execute our focused growth strategy, and the fundamental strength of our business gives us the confidence to invest in new initiatives to add new users, ...

  8. Business - Companies - EARNINGS

    Lenovo in 'attack' mode after record market share gains

    Posted Aug 14th 2014, 10:28am by BIEN PEREZ

    ... call from New York City. Yang said the company will bring more innovative consumer and enterprise products to market once its US$2.91 billion takeover of Google's Motorola Mobility ... technology giant Lenovo is gearing up to launch its new generation of smart devices, after posting strong earnings in the quarter to June on record global market share gains in personal computers, ...

  9. Business - China Business - EARNINGS

    New World China cuts sales target after net profit inches up 0.5pc

    Posted Sep 23rd 2014, 02:39pm by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Mainland developer's full year net profit flat at HK$4.64b, prompting it to cut 2015 sales target by 15pc amid challenging market conditions New World cuts sales target on flat net growth New World China Land, the mainland property arm of New World Development, said it cut its sales target for the current financial year by 15 per cent given ...

  10. Business - Banking & Finance - EARNINGS

    Standard Chartered operating profit sinks 16.4pc as markets, regulations weigh

    Posted Oct 28th 2014, 02:00pm by DON WEINLAND

    ... in the United Arab Emirates that it would shut their accounts within 30 days. The move came after a New York regulator fined the bank US$300 million in August for failing to flag high-risk transactions ...




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