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  • September 21, 2014
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  1. Business - Economy - ANALYSIS

    American business attacks generous hand that feeds it

    Posted Jan 18th 2013, 12:00am by BLOOM

    ... backwards," he said. Such complaints, echoed by corporate executives throughout President Barack Obama's first term, obscure one fact: American business has never had it so good. US firms' ... "We're in the curious position where businesses are net savers," said Paul Ashworth, chief US economist at Capital Economics. It is a problem "because businesses are too cautious", ...

  2. 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, ...

  3. Comment - Insight & Opinion

    Why China is enslaving itself to the United States

    Posted Oct 28th 2012, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp A US poll named China the world's strongest economy. But without reforms its rise is an illusion Why is China enslaving itself to American consumers? Asked in the Pew [Research Centre] survey, "Which is the leading economic power, the US, China, Japan, or the European Union?", 41 per cent of American respondents said China is the world's ...

  4. 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, ...

  5. Business-sector gloom over the future

    Posted Nov 16th 2007, 12:00am by Staff Reporter

    ... to be competitive, a survey has shown. The General Chamber of Commerce interviewed 323 members for its annual business prospects survey, released yesterday. It showed that while most respondents were ... and are now having to comply with higher wages, stricter quality control, and environmentally friendly practices. The results, released at the end of the chamber's annual business summit, also ...

  6. Business Digest

    Posted Apr 28th 2006, 12:00am by Staff Reporter

    ... internet portal Sohu.com yesterday said strong advertising revenue and the rebound of mobile value-added services usage helped raise first-quarter net profit 5.2 per cent to US$6 million over a year ago. Revenue increased 32 per cent to US$31.3 million. Advertising revenue was US$20.1 million, up 35 per cent over last year, although it was a slight 1 per cent growth over the previous ...

  7. 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 ...

  8. US slump, soaring costs dim business sentiment

    Posted Apr 08th 2008, 12:00am by Staff Reporter

    ... Al Guo in Beijing Mainland businesses lowered their overall economic expectations in the first quarter, a sign that manufacturers and service providers are feeling the bite of a slowdown in the United States economy and soaring raw material prices. The China business prosperity index released by the National Bureau of Statistics yesterday dropped 7.4 points to 136.2 in the first ...

  9. Now gets down to business with US-style flourish

    Posted Mar 22nd 2006, 12:00am by Staff Reporter

    ... If imitation is the sincerest form of flattery, Richard Li Tzar-kai's new PCCW Now Business News Channel (Now BNC), which started broadcasting two days ago with Chief Executive Donald Tsang Yam-kuen as the guest of honour, is certainly paying the likes of General Electric's CNBC a compliment. Now BNC is like a typical US-based business news channel, operating a live ...

  10. HSBC may sell US mortgage business

    Posted Mar 07th 2007, 12:00am by Staff Reporter

    ... Maria Chan Bank mulls disposal of US$49b portfolio after bad debt provision hurts earnings HSBC Holdings, haunted by its poorly performing sub-prime mortgage business in the United States, ... the portfolio to other mortgage providers or to the group's investment bank, which would package it and pass it on to the market. The portfolio of the mortgage services business stands at US ...




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