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  • July 31, 2014
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  1. Business - China Business - TRAVEL

    China to knock US off the world's business travel top spot

    Posted Jul 29th 2014, 01:26am by BLOOM

    ... Bloomberg China's increasing pace of exports and slowing inflation are contributing to market expansion China to knock US off the business travel top spot China is poised to displace the US as the world's biggest business-travel market by 2016, aided by accelerating export growth and slowing inflation. Spending worldwide for business travel will climb 6.9 per cent ...

    http://www.scmp.com/business/china-business/article/1561409/china-knock-us-worlds-business-travel-top-spot
  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. Business - China Business - ENERGY

    Clean water access offers flood of business opportunities

    Posted Jul 28th 2014, 04:26am by Benjamin Robertson

    ... to be optimistic and look at what can make a difference." Water-related businesses, like waste water recycling, are part of a US$600 billion sector that is growing 7 per cent each year, according ... Benjamin Robertson benjamin.robertson@scmp.com Water security is on central government agenda as it opens floodgates to business opportunities by setting targets for usage and recycling ...

    http://www.scmp.com/business/china-business/article/1560683/clean-water-access-offers-flood-business-opportunities
  6. 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
  7. 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
  8. Business - Companies

    Snapchat in funding talks with Alibaba at US$10b value

    Posted Jul 31st 2014, 02:42am by Bloomberg

    ... of financing that may value the company at US$10 billion, people with knowledge of the situation said. The talks are ongoing and the terms of the funding may change, said one of the people, who asked ... financing boom, companies including house-sharing app Airbnb Inc. and file-sharing company Dropbox Inc. have raised money at US$10 billion valuations. In June, car- booking app Uber Technolgies Inc. ...

    http://www.scmp.com/business/companies/article/1563108/snapchat-funding-talks-alibaba-10b-value
  9. Business - Economy - MIGRANT WORKERS

    Labour shortages could cost US$10 trillion if worker flows aren't better managed

    Posted Jul 30th 2014, 11:43am by DAVID DODWELL

    ... contribute to labour shortages Severe and imminent shortages of labour across the Asia-Pacific will cost the global economy no less than US$10 trillion between now and 2030, says a Boston Consulting Group report. (The Global Workforce Crisis: US$10 Trillion at Risk). There are lots of reasons why these shortages are becoming acute- from ageing populations and declining birth rates to poor ...

    http://www.scmp.com/business/economy/article/1562564/labour-shortages-could-cost-us10-trillion-if-worker-flows-arent
  10. Business - Banking & Finance - BANKING

    Citigroup to pay US$7b in settlement on US subprime mortgage fiasco

    Posted Jul 15th 2014, 01:36am by AP

    ... Associated Press in Washington Citi settles subprime probe for US$7b Citigroup will pay US$7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the US financial crisis. The settlement stems from the sale of securities made up of subprime mortgages, which fuelled both the housing boom and the bust that triggered the Great Recession ...

    http://www.scmp.com/business/banking-finance/article/1554353/citigroup-pay-us7b-settlement-us-subprime-mortgage-fiasco

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