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  1. HSBC sells U.S. card business for US$32.7b

    Posted Aug 11th 2011, 12:00am

    ... 11,'' said Stuart Gulliver, the chief executive of HSBC, who announced at the time that he wanted to sell the US credit card business since it had little cross-selling value with other HSBC businesses and was not a core business for the bank. Gulliver said yesterday the sale would allow the bank to focus its US business on the international needs of customers in commercial banking, ...

  2. HSBC in talks to sell U.S. card business

    Posted Aug 10th 2011, 12:00am

    ... on emerging markets. The largest lender in Europe and Hong Kong confirmed in a statement that it was in discussions to sell its US retail and credit card business, but HSBC did not name the potential ... Stuart Gulliver mooted the sale of the bank's US credit card business. He said HSBC would divest its loss-making retail banking business and focus on markets with high growth potential, ...

  3. Business schools mean business

    Posted Nov 14th 2011, 12:00am

    ... eyeing Master of Business Administration degrees in Asia rather than in the US or Europe in the coming years. 'Over 60 per cent of Fortune 500 companies have operations in China, creating ... are seeking knowledge to take their businesses global. 'Instead of focusing on US and European business models, Hong Kong business programmes increasingly feature international programmes ...

  4. For hostess turned executive, sky's the limit for business jet business

    Posted Feb 28th 2011, 12:00am by Charlotte So

    ... Charlotte So Jackie Wu Wing-sze, an air hostess turned business jet executive, has quickly climbed the corporate ladder even in a male-dominated industry. In January, Wu, 34, was appointed the chief operating officer of Hong Kong Jet, a newly established business jet operator backed by HNA Group, the fourth-largest airline company on the mainland. It has been a rapid advancement ...

  5. Burst water main paralyses business in busy districts

    Posted Mar 02nd 2011, 12:00am by Elaine Yau, Martin Wong

    ... their business turnover, with some shops in Causeway Bay closing for the day. Shek Kiu-foong, who works in the Cova coffee shop in Lee Gardens in Causeway Bay, said the cafe was unable to sell any coffee and tea yesterday and lost about two-thirds of its business, or HK$80,000 in revenue. 'We could only sell bottled drinks, but no one bought them,' he said. A water tank was placed next ...

  6. KU DE TA

    Posted Jan 15th 2011, 12:00am by Sujata Assomull

    ... Perched atop the Marina Bay Sands SkyPark, the exquisite KU DE TA encompasses a restaurant, bar and swimming pool, helping to make it Singapore's business lunch and cocktail hotspot ... central business district and the shopping hub that is on Orchard Road make KU DE TA, which is already famous for its stunning location on the Indonesian island of Bali, the venue of choice ...

  7. Sohu pushes expansion of games business after 48pc profit surge

    Posted Apr 26th 2011, 12:00am

    ... Bien Perez Sohu.com, which posted better than expected earnings in the first quarter, aims to accelerate expansion of the online games business run by subsidiary Changyou.com with a strategic US$100 million acquisition on the mainland. The Beijing-based internet firm yesterday reported a 48 per cent rise in net profit for the quarter to March to US$44.8 million, from US ...

  8. New World's hotel subsidiary to buy US group for US$230m

    Posted Jun 22nd 2011, 12:00am

    ... Denise Tsang denise.tsang@scmp.com New World Development's hotel arm will buy the management unit of Texas-based hotelier Rosewood Hotels & Resorts in a US$229.5 million deal that will open up the US market to the group. By adding Rosewood to its portfolio, New World Hospitality will fill a gap in its operations. It operates or plans to open 20 upmarket New World-branded ...

  9. Beijing eyes HK-mainland overseas business tie-ups

    Posted Nov 16th 2011, 12:00am

    ... overseas investments rose 21.7 per cent to US$68.8 billion, overtaking Japan and Britain as the world's fifth-largest overseas investor, said Zhang Xiaoqiang, deputy director of the National ... 12.4 per cent to US$41 billion, said Zhang, adding China was now the largest overseas investor among developing countries. 'To maintain Hong Kong's long-term prosperity, as stated ...

  10. Children's website 'means business like a grown-up'

    Posted May 24th 2011, 12:00am

    ... internet companies that have recently listed on a stock exchange. Shanghai-based Taomee, which serves the largest children's online community on the mainland, last week filed for a US$100 million initial public offering with the US Securities and Exchange Commission (SEC). The company aims to list a still-undisclosed amount of American depositary shares on the New York Stock ...




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