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  • August 24, 2014
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  1. Magazines - Style

    Open for business

    Posted Nov 02nd 2012, 12:00am by SS

    ... That was six years ago. "I took too long to join the family business. My mum always encouraged me to pursue my passions. I was into the arts and she was proud. For more than a decade that was my identity, but I felt guilty for not helping the family business," he says. It was a visit to an untouched piece of land on the river banks of old Bangkok that ignited Clapp's interest ...

  2. Business - Comment - MONITOR

    Fed's zero interest rate hurts Asia and may not help the US

    Posted Jan 16th 2013, 12:00am by Tom Holland

    ... and may not help the US Speaking in Hong Kong this week, Charles Evans, head of the Federal Reserve Bank of Chicago, reiterated the Fed's pledge to keep US interest rates at rock-bottom levels for the medium term. With US inflation set to remain below 2.5 per cent, the Fed's benchmark rate will remain at zero until economic recovery is well entrenched and the unemployment ...

  3. Business - Banking & Finance

    Stress tests puts focus on Citigroup's Asia assets

    Posted Nov 17th 2012, 12:00am by Bloomberg

    ... Bloomberg in Washington Stress tests puts focus on Citigroup's Asia assets The US Federal Reserve changed its annual set of tests for the 30 largest US banks to incorporate the risk ... on Thursday. Citigroup, the third-biggest US bank, employs thousands of people across Asia. Former chief executive Vikram Pandit, originally from Nagpur, India, pushed into markets across ...

  4. Hotan attack takes a toll on business

    Posted Jul 25th 2011, 12:00am

    ... on businesses in Hotan, Xinjiang, a week after 18 people were killed in an attack on a police station in the city. On the first weekend after the attack, streets around Unity Square in the heart ... when throngs of visiting officials on trips to Hotan and tourists from either Western countries or Japan visited us,' Qu said. 'But now, after the incident, we seldom manage to reach ...

  5. Not a Korean war, but no longer business as usual

    Posted May 01st 2010, 12:00am by Andrew Salmon

    ... 'No one in South Korea wants another Korean war,' said Thomas Hubbard, a former US ambassador to Seoul, this week. 'There is very little support for the kind of retaliation ... between US$100-200 million) with the hardline state. That trade could be cut without damaging local interests. South Korea's investment in the joint Kaesong Industrial Complex, an economic ...

  6. Regulations on cross-strait business to ease

    Posted Mar 06th 2008, 12:00am by Lawrence Chung

    ... at encouraging Taiwanese business owners to increase their investments on the island. 'This is to demonstrate the government's goodwill and sincerity in taking care of the interests ... unauthorised investments in sensitive and strategic industries. 'A fine of just NT$50,000 (HK$12,590) will be imposed on firms making unauthorised investments of up to US$20 million, NT$100,000 ...

  7. Riot city gets back to business but few are venturing out

    Posted Jul 10th 2009, 12:00am by Will Clem

    ... 'Neighbourhood groups like ours are the foundation stone of party structure, so it is important for us to make an effort to restore stability. 'I came to Urumqi from Hebei province in 1976, ... line, we will be arrested. The problem is that there is so much pressure on Islam in this region. The government tries to control us, so of course, there is resistance to that. 'If people ...

  8. US$1.5b aim for Morgan Stanley Asia fund

    Posted May 16th 2012, 12:00am

    ... in the world's fastest growing economic region- with a target size of around US$1.5 billion. If successful, it would become the fourth Asia-focused private equity fund at MSPE, which has a two-decade ... economy. MSPE claims to have invested around US$2.4 billion in Asia. More recently, it announced its Asia fund would invest US$300 million in China's Tianhe Chemicals Group. The specialty ...

  9. Flood control

    Posted May 06th 2011, 12:00am

    ... It wasn't what Asia, or indeed Hong Kong, wanted to hear. When Ben Bernanke, chairman of the US Federal Reserve, faced the media last week, he suggested that America's central bank will stay its course. Interest rates will thus remain at record lows until the US economy shows more convincing signs of a lasting turnaround. That may take some time. Data just released ...

  10. More super-rich in E Asia than US

    Posted Mar 29th 2012, 12:00am

    ... Sandy Li sandy.li@scmp.com The distribution of the world's super-rich is shifting, with the number of people in East Asia owning at least US$100 million in assets surpassing North ... in the number of ultra-wealthy individuals last year,' the wealth report said. There were 63,000 people worldwide with US$100 million or more in assets, equivalent to a 29 per cent increase since ...




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