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  • August 21, 2014
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  1. 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
  2. Business - Economy - EXPORTS

    Singapore’s exports to China and US rise, signalling recovery

    Posted Aug 18th 2014, 09:51am by Reuters

    ... Reuters in Singapore Singapore’s exports in July fell less than expected as shipments to major economies picked up, suggesting the manufacturing sector may have bottomed out on the back of an improving economic outlook in the United States and signs of re ...

    http://www.scmp.com/business/economy/article/1575900/singapores-exports-china-and-us-rise-signalling-recovery
  3. News - Asia

    John Kerry outlines US-Asia pivot priorities in major policy address

    Posted Aug 14th 2014, 09:15am by Patrick Boehler

    ... Patrick Boehler patrick.boehler@scmp.com US Secretary of State says four priorities are economic growth, energy, regional cooperation and human rights United States Secretary of State John ... administration in the Asia Pacific region over its remaining two-and-a half years in office. The US would continue to pursue its interests and values in the region “without arrogance but also without ...

    http://www.scmp.com/news/asia/article/1573314/john-kerry-outlines-us-asia-pivot-priorities-major-policy-address
  4. News - China - DIPLOMACY

    John Kerry warns China about hacking's 'chilling' effect on business

    Posted Jul 11th 2014, 04:36am by AFP, AP, Reuters, Teddy Ng

    ... Agencies in Beijing and Washington and Teddy Ng US secretary of state says computer attacks have a chilling effect on business while Beijing insists it is also a victim of hacking Kerry warns about hacking threat US Secretary of State John Kerry yesterday denounced the "chilling effect" of internet hacking on American businesses as he wrapped up two days of high-level ...

    http://www.scmp.com/news/china/article/1551489/john-kerry-warns-china-about-hackings-chilling-effect-business
  5. Business - Economy - US Debt Crisis

    IMF’s Lagarde hails end to US shutdown

    Posted Oct 17th 2013, 11:21am by AFP in Washington

    ... Agence France-Presse in Washington Christine Lagarde, managing director of the International Monetary Fund, welcomes end to US government shutdown and raising of debt ceiling The head of the International Monetary Fund welcomed a last-ditch vote on Wednesday in the US Congress to end a government shutdown and raise the government’s debt ceiling. IMF Managing Director Christine Lagarde ...

    http://www.scmp.com/business/economy/article/1333526/imfs-lagarde-hails-end-us-shutdown
  6. Business - China Business - industry

    China looks to the US for low-end manufacturing

    Posted Aug 11th 2014, 03:56am by Toh Han Shih

    ... in the US. As labour and other business costs increase, the era of low-end manufacturing is coming to an end in China, wrote Thilo Hanemann in a Rhodium report. "As Chinese investment in the US ... Toh Han Shih hanshih.toh@scmp.com Rising labour costs have led mainland suppliers to set up production facilities in America China looks to the US for low-end manufacturing Chinese ...

    http://www.scmp.com/business/china-business/article/1570885/china-looks-us-low-end-manufacturing
  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 - Banking & Finance - BANKING

    Standard Bank writes off US$80m for Qingdao metal financing exposure

    Posted Aug 15th 2014, 08:24am by Chim Sau Wai

    ... Chim Sau Wai South Africa’s Standard Bank has booked an US$80 million writedown from its exposure to a suspected aluminium financing fraud in China. Mainland authorities are investigating ... and Commercial Bank of China (ICBC)- said in its interim results, published yesterday, that its exposure to the commodity financing arrangements under investigation was US$167 million at the end of June, ...

    http://www.scmp.com/article/1574106/standard-bank-writes-us80-million-qingdao-metal-financing-exposure
  9. Business - Banking & Finance - BANKING

    Agricultural Bank, BOC to raise up to US$29b worth of preference shares

    Posted Aug 15th 2014, 09:41am by Toh Han Shih, DON WEINLAND

    ... Toh Han Shih and Don Weinland Other banks likely to seek approval to issue shares following Agricultural Bank and BOC Mainland banks can raise US$29b in preferred stock Agricultural Bank of China and Bank of China have been cleared to raise up to US$29 billion worth of preferred stock in a sector-wide push to meet international capital-adequacy requirements. The China Banking ...

    http://www.scmp.com/business/banking-finance/article/1574123/agricultural-bank-boc-raise-140b-yuan-preference-shares
  10. Property - International - CONCRETE ANALYSIS

    Chinese buyers flocking to westernmost US state

    Posted Aug 12th 2014, 12:08pm by Patrick W. ONeill

    ... Patrick O'Neill property.post@scmp.com Islands' multiethnic culture bridges the relationship between the US and Asia Chinese buyers flock to Hawaii's affluent shores United States first lady Michelle Obama, speaking about President Barack Obama, stated: "You can't really understand Barack until you understand Hawaii." The US president was born ...

    http://www.scmp.com/property/international/article/1571333/chinese-buyers-flocking-westernmost-us-state

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