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  • August 30, 2014
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  1. Business - Commodities - COMPETITION

    US judge rules LME out of case as 'organ' of British government

    Posted Aug 27th 2014, 10:42am by Reuters

    ... Reuters in New York US judge rules LME out of antitrust litigation case A judge has dismissed London Metal Exchange as a defendant from US antitrust litigation accusing banks and commodity companies of conspiring to drive up aluminium prices by restricting supply, hurting manufacturers and purchasers. In a decision made public on Tuesday, US District Judge Katherine Forrest ...

  2. Business - Companies - EARNINGS

    PCCW eyes new investments as core businesses post steady gains

    Posted Aug 07th 2014, 05:46am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Core businesses post steady gains, with strong contribution from HKT following CSL takeover PCCW eyes new investments after 24pc income rise PCCW, ... on strong contribution from telecommunications arm HKT and steady growth at its technology solutions business. Consolidated interim revenue rose 10 per cent to HK$14.664 billion from HK$13.314 ...

  3. Business - Banking & Finance - REGULATION

    Banks learn about the difference in US and HK money-laundering rules

    Posted Aug 25th 2014, 03:34am by ENOCH YIU AND DON WEINLAND

    ... "The legal systems between Hong Kong and the US are very different. The businesses conducted by the lenders in the two markets are also different. Hence, the regulators also adopt different approaches," he said. Christopher Cheung Wah-fung, the legislator for the financial services sector, said: "The US regulator does not understand Asian business practices and culture. I do not see ...

  4. 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 ...

  5. Business - Money - EQUITIES

    Soaring US stocks echo dotcom rally but with lower valuations

    Posted Aug 28th 2014, 05:03am by BLOOM

    ... Bloomberg in New York While gains in US evoke comparisons with dotcom era, stock prices seen as reasonable Valuations the difference with this bull run Every day, the American bull market ... or in a place that concerns us," said Ed Hyland, global investment specialist at JP Morgan Chase Private Bank. "There is potential for the market to go higher." Five years of gains have ...

  6. 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 ...

  7. Comment - Insight & Opinion

    House News closure was no business as usual

    Posted Aug 04th 2014, 02:46am by EVAN FOWLER

    ... Evan Fowler Evan Fowler, a former House News contributor, says the sudden closure of the popular but short-lived news website seemed the result of more than having a poor business model ... and surveillance; and of a wave or atmosphere of "white terror". He stated his need to travel to the mainland for business, and the deepening sense of fear he felt each time he crossed the border. ...

  8. Business - Money - TRADING

    Short sellers bet on calm in US equities

    Posted Aug 27th 2014, 01:28am by BLOOM

    ... on calm in US equities Volatility in equity markets in the United States is near a record low and traders have loaded up on bets it has further to fall. Short holdings on an exchange-traded note ... that the Federal Reserve will continue to support economic growth in the US. As of Monday, the VIX had fallen in 10 of the previous 11 days, a sign of confidence in the bull market as investors resist ...

  9. Business - Companies - EARNINGS

    BOC Aviation first-half profit unchanged at US$163m as fleet grows

    Posted Aug 20th 2014, 03:19pm by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Bank of China’s aircraft leasing subsidiary, BOC Aviation, reported first-half net profit of US$163 million on Wednesday, unchanged from the same period last year. The Singapore-based company’s total assets rose to US$10.8 billion from US$10.2 billion at the end of last year, with its fleet size boosted to 251. “We had a busy first half ...

  10. News - Asia - CORRUPTION

    US gun maker Smith & Wesson fined US$2m for bribery overseas

    Posted Jul 29th 2014, 10:04pm by AFP

    ... and Bangladesh, the SEC said. The SEC found that the company's actions, successful or not in gaining business, violated the US Foreign Corrupt Practices Act, which aims to eliminate bribery and graft as a crucial factor in business competition globally. Smith & Wesson did not admit or deny the findings by the SEC, but agreed on Monday to pay US$2 million in penalties to settle the charges. ...




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