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  • July 26, 2014
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  1. News - China

    Hagel to broach topic of cyber threats with Chinese

    Posted May 31st 2013, 11:11am by Associated Press aboard a US Aircraft

    ... Associated Press aboard a US Aircraft Defence Secretary Chuck Hagel will meet with members of a Chinese delegation this weekend and likely talk about ongoing cyberthreats amid new reports ... Hagel said that the US must find ways to work with the Chinese and other countries to develop rules of the road and a better understanding among nations for the use of cyber. “These are issues ...

    http://www.scmp.com/news/china/article/1250363/hagel-broach-topic-cyber-threats-chinese
  2. Business - Companies

    Chow Tai Fook buys US diamond business Hearts on Fire for US$150m

    Posted Jun 19th 2014, 12:55am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Top jeweller pays US$150m for US label Hearts On Fire, with shares surging on deal Chow Tai Fook buys diamond business Jeweller Chow Tai Fook is buying US ... of US$104.8 million last year, up 5.5 per cent from US$99.3 million in 2012. The company did not disclose earnings, but it is understood the business is profitable, CLSA head of consumer research ...

    http://www.scmp.com/business/companies/article/1535819/chow-tai-fook-buys-us-diamond-business-hearts-fire-us150m
  3. Business - Commodities - COMMODITIES

    Macquarie takes full control of US terminals business

    Posted Jul 09th 2014, 05:20am by Bloomberg

    ... Bloomberg in Sydney Australian group buys rest of firm it does not already own as it eyes commodities expansion Macquarie takes controlof US terminals business Macquarie agreed to take full control of a US bulk liquid terminals operation as Australia's largest investment bank expands its commodities and North American businesses. Macquarie Infrastructure, which owns ...

    http://www.scmp.com/business/commodities/article/1549937/macquarie-takes-full-control-us-terminals-business
  4. Business - Economy - ANALYSIS

    US businesses count cost of climate change in new report

    Posted Jun 26th 2014, 01:07am by AP

    ... Associated Press in New York Study highlights the billions of dollars which US regional economies will lose in global warming US businesses count cost of climate change in new report ... the businesses and industries that drive each region's economy. The US Northeast will likely be most affected by sea level rise, which will cost an additional US$6 billion to US$9 billion ...

    http://www.scmp.com/business/economy/article/1540566/us-businesses-count-cost-climate-change-new-report
  5. News - Hong Kong

    Poison and big business: Jimmy Lai's private life thrust into the spotlight in leaked files

    Posted Jul 23rd 2014, 09:15am by Joyce Ng and Fanny W. Y. Fung

    ... Joyce Ng and Fanny W. Y. Fung Aspects of both the business and the private lives of Jimmy Lai Chee-ying are outlined in files leaked to the media. They include a suspicious food poisoning incident and big businesses pulling ads from his newspaper, allegedly under political pressure. The  Apple Daily  boss declined to confirm whether all the files were true records and said he would ...

    http://www.scmp.com/news/hong-kong/article/1557411/tales-poison-big-business-and-soul-donald-tsang-leaked-jimmy-lai
  6. News - World - GERMANY

    As German rift with US over spying widens, Berlin reviews IT procurement rules

    Posted Jul 14th 2014, 09:14pm by BLOOM

    ... foreign intelligence services. Another espionage suspect worked at the Defence Ministry, according to Spiegel Online. Even before the latest row, US business was being hurt by revelations about ... and services as a political rift with the US widens. Any tightening of procurement procedures could affect US technology companies such as IBM, Cisco Systems and Microsoft as they vie for government ...

    http://www.scmp.com/news/world/article/1554176/german-rift-us-over-spying-widens-berlin-reviews-it-procurement-rules
  7. Comment - Insight & Opinion

    US charges of PLA hacking likely to hurt rather than protect American business

    Posted Jun 16th 2014, 03:03am by Donald Gasper

    ... Donald Gasper Donald Gasper says scrapping of Westinghouse deal would be no bad thing, given safety concerns US charges of PLA hacking likely to hurt rather than protect American business Last month, the US Department of Justice launched a highly publicised indictment against five employees of the People's Liberation Army, accusing them of cyberhacking to steal US ...

    http://www.scmp.com/comment/insight-opinion/article/1531716/us-charges-pla-hacking-likely-hurt-rather-protect-american
  8. Business - China Business - EARNINGS

    Mobile business boosts Baidu sales amid overseas expansion

    Posted Jul 26th 2014, 01:39am by Bien Perez and Sophie Yu

    ... by mobile business Internet search powerhouse Baidu, which saw a 34 per cent jump in net profit in the second quarter, is stepping up the expansion of its mobile business amid efforts to sharpen its ... Baidu, said yesterday. The mainland's largest online search provider said its fast-growing mobile business helped drive its net profit to 3.55 billion yuan (HK$4.44 billion) in the three ...

    http://www.scmp.com/business/china-business/article/1559381/mobile-business-boosts-baidu-sales-amid-overseas-expansion
  9. Business - China Business - WEALTH

    China's rich are less likely to keep business in the family – unlike Hong Kong’s wealthy

    Posted Jul 21st 2014, 11:51am by Toh Han Shih

    ... not all in the family business The relatively recent creation of wealth on the mainland and the nation's one-child policy have resulted in wealthy mainlanders being less inclined to leave their businesses to their descendants, compared with business families in Hong Kong and other parts of Asia. Forbes said earlier this year there were 152 billionaires on the mainland and 45 in Hong Kong. ...

    http://www.scmp.com/business/china-business/article/1556959/rich-mainlanders-less-likely-keep-business-family
  10. News - World - TECHNOLOGY

    Tech chiefs meet Obama over fears NSA spying row hurting business

    Posted Mar 23rd 2014, 05:53am by WASHPOST

    ... The Washington Post Meeting fails to placate executives, including Zuckerberg, who fear NSA is hurting business Obama seeks to allay tech chiefs' spying fears US President Barack ... which are battling allegations that American firms are more vulnerable to US government spying and pay insufficient attention to consumer privacy. While the White House presented the session ...

    http://www.scmp.com/news/world/article/1454902/tech-chiefs-meet-obama-over-fears-nsa-spying-row-hurting-businesss

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