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  • July 25, 2014
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  1. Business - Banking & Finance - FINANCE

    Beijing to back United States over new Fatca law against tax evasion

    Posted Jun 27th 2014, 11:50pm by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Central government co-operates with Fatca law, easing blacklist threat to Chinese institutions and boosting its own battle against corruption Beijing to back U.S. over tax evasion Mainland China has been included on a list of jurisdictions co-operating with the United States on a new law to halt tax evasion. It removes the threat ...

  2. Business - Economy - TRADE

    United States wins WTO car import ruling against China

    Posted May 24th 2014, 01:52am by BLOOM

    ... Bloomberg in Washington America wins WTO car import ruling against China The World Trade Organisation (WTO) has ruled in favour of the United States in a dispute with China involving cars, two years after America filed complaints against it, according to a person familiar with the matter. The US was set to announce the victory in Washington yesterday, according to the source, ...

  3. Business - Economy - TRADE

    Japan and the United States face off in crucial trans-Pacific trade negotiations

    Posted Apr 09th 2014, 02:03pm by Reuters in Tokyo

    ... Japan and the United States on Wednesday began a round of crucial talks aimed at concluding a trade pact seen as critical to the success of regional negotiations, although officials warned ... was holding up agreement on the TPP, a 12-nation grouping that would stretch from Asia to Latin America. Japanese officials say Washington needs to be more flexible on its side. The United States ...

  4. Business - Companies - PRIVATISATIONS

    State fund Khazanah plans to take Malaysian Airlines private

    Posted Jul 04th 2014, 01:41am by Reuters

    ... Reuters in Kuala Lumpur State fund plans to buy out MAS Malaysian state investor Khazanah Nasional plans to take Malaysian Airline System (MAS) private as the first step in a major ... its profitable engineering, airport services or budget airline units, trimming its bloated payroll and installing a new management team. Shares of MAS rose up to 16.7 per cent in trading ...

  5. Business - China Business - AVIATION

    China United Airlines converted into budget carrier

    Posted Jul 03rd 2014, 02:08am by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Parent China Eastern says move is intended to create mainland's biggest low-cost airline China United converted into budget carrier China Eastern Airlines has converted fully-owned subsidiary China United Airlines into a budget airline, it said yesterday, making it the first of the mainland's three big, state-owned aviation players ...

  6. Business - China Business - WHITE COLLAR

    State secrets law hurts credibility of mainland firms

    Posted Jun 16th 2014, 11:55am by Enoch Yiu

    ... and a breach could lead to a fine or jail time. In September, the Big Four global accounting firms will need to submit a joint affidavit to the United States securities regulator in an appeal against ... Enoch Yiu enoch.yiu@scmp.com More transparency is needed to boost investor confidence in mainland-listed firms State secrets law still poses challenges for auditing firms Last week, ...

  7. Business - China Business - ACQUISITIONS

    Private equity moves on Cofco unit in US$270 m deal

    Posted Jun 07th 2014, 01:13am by Ray Chan

    ... in China's pork industry after a number of successful deals in China's food industry, according to a person familiar with the deal. The transaction comes after the United States private equity ... on Cofco unit in US$270 m deal A consortium of four private-equity firms has agreed to pay about US$270 million for a majority stake in a meat unit of China's largest grain trader Cofco, ...

  8. Business - Economy

    Risk of United States debt default has not stopped China buying Treasuries

    Posted Oct 16th 2013, 12:00am by Victoria Ruan

    ... default, with solid inflows of foreign capital into China's tightly managed capital account pushing up its foreign reserves, the world's largest. That's despite the state ... the second quarter of 2011. This suggests its Treasury holdings have also increased further. The data indicates the State Administration of Foreign Exchange (SAFE) has held its holdings stable. US ...

  9. Business - Economy

    Hong Kong Monetary Authority keeps close eye on United States debt crisis

    Posted Oct 12th 2013, 12:00am by Benjamin Robertson

    ... Benjamin Robertson benjamin.robertson@scmp.com HKMA keeps close eye on debt crisis The Hong Kong Monetary Authority says it is closely monitoring the US debt ceiling crisis, while fears about a potential default have sparked the biggest rise in a key meas ...

  10. Business - Companies

    GE to keep Alstom's nuclear unit in France

    Posted May 26th 2014, 05:06am by Bloomberg

    ... Bloomberg in Paris GE to keep Alstom's nuclear unit in France General Electric, seeking state approval for its US$17 billion bid to buy Alstom's energy division, will keep ... property stay French and that exports be protected," said Clara Gaymard, the head of GE's business in France. Gaymard's comments, which came after the United States manufacturer ...




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