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  • July 26, 2014
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  1. News - World - SECURITY

    Cisco chief Chambers complains to Obama over NSA spying practices

    Posted May 19th 2014, 08:53pm by AFP

    ... Agence France-Presse in New York NSA spies harming business, Cisco chief tells Obama Cisco chief executive John Chambers has complained to US President Barack Obama about the National Security Agency's spying practices, saying they were harming overseas business for US technology firms. "This issue affects an entire industry," the head of the telecoms equipment ...

    http://www.scmp.com/news/world/article/1515718/cisco-chief-chambers-complains-obama-over-nsa-spying-practices
  2. Business - Banking & Finance - CURRENCIES

    Australia plays catch-up in yuan business as deal with China nears

    Posted Jul 25th 2014, 01:35am by Reuters

    ... Reuters Australia plays catch-up in yuan business as deal nears Opportunities for Australian companies to participate in the burgeoning yuan market are expected to increase as the country ... their Chinese counterparts are willing to use the yuan, compared with 44 per cent and 42 per cent globally. "Australian businesses risk falling behind global rivals in trade competitiveness ...

    http://www.scmp.com/business/banking-finance/article/1558526/australia-plays-catch-yuan-business-deal-china-nears
  3. News - World - CONSTRUCTION

    Nicaragua canal, a Chinese tycoon and an unanswered US$50b question

    Posted Jul 11th 2014, 12:04am by NYT

    ... and the US$50b question The Chinese tycoon behind a plan to build a mammoth inter-oceanic waterway to compete with the Panama Canal flew into Nicaragua this week and, in several appearances, including ... of US$50 billion? And is China's hidden hand at play? Ortega, in his appearance on Tuesday night, cast the project as unstoppable and historically inevitable. He held up a fraying blue-bound ...

    http://www.scmp.com/news/world/article/1551234/nicaragua-canal-chinese-tycoon-and-unanswered-us50b-question
  4. Comment - Insight & Opinion

    Occupy Central is costing business even before it's begun

    Posted Jun 12th 2014, 05:54pm by Bernard Chan

    ... Bernard Chan Bernard Chan says companies are making plans to cope during protest Occupy Central is costing business even before it's begun Some pro-establishment commentators have warned us that Occupy Central could cost Hong Kong billions of dollars in economic losses as well as in terms of the city's global reputation. I am not sure about these numbers. I doubt ...

    http://www.scmp.com/comment/article/1530865/occupy-central-costing-business-even-its-begun
  5. News - China - FOREIGN RELATIONS

    China calls on US to 'correct' hacking claims, stay out of maritime disputes

    Posted Jul 08th 2014, 04:32am by Teddy Ng

    ... Teddy Ng teddy.ng@scmp.com Cyberspying allegations and American role in maritime disputes hurt ties, Foreign Ministry says ahead of strategic and economic dialogue Beijing urges U.S. to 'correct' hacking claims Beijing has called on Washington to "correct its wrong act" in alleging PLA officers were involved in hacking US businesses and stop interfering in regional ...

    http://www.scmp.com/news/china/article/1549209/china-calls-us-correct-hacking-claims-stay-out-maritime-disputes
  6. Business - Banking & Finance - FINANCE

    Hong Kong Monetary Authority chief pledges support for US dollar peg

    Posted Jul 07th 2014, 11:27pm by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com HKMA chief pledges support for US dollar peg Hong Kong Monetary Authority chief executive Norman Chan Tak-lam said yesterday that he would continue to support the local dollar's peg to the US currency when his second term begins in October. His comments- in an article on the HKMA website marking his fifth anniversary as the city's de facto ...

    http://www.scmp.com/business/banking-finance/article/1549266/hong-kong-monetary-authority-chief-pledges-support-us
  7. Business - China Business - LISTINGS

    WH Group back with US$3b IPO and a new story for investors

    Posted Jul 11th 2014, 01:31am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com WH back with US$3b IPO and a new story Sino-US pork producer WH Group will relaunch its stalled initial public offering in a deal that could raise US$3 billion ... Morning Post. "It will raise at least US$2 billion and maybe as much as US$3 billion," the source added. The revival of the share sale comes three months after the original offer ...

    http://www.scmp.com/business/china-business/article/1551438/wh-group-back-us3b-ipo-and-new-story-investors
  8. Business - China Business - INTERNET

    ZTE sees opportunities in cyber-security business on mainland

    Posted Jun 11th 2014, 01:15am by Sophie Yu

    ... potential in security business The mainland's second-largest telecommunications equipment supplier ZTE Corp might see more business opportunities in the domestic market due to security worries ... and foreign vendors in light of lingering security concerns after the US sued five People's Liberation Army officers for hacking into American firms for commercial information in May. ...

    http://www.scmp.com/business/china-business/article/1529577/zte-sees-opportunities-cyber-security-business-mainland
  9. News - Hong Kong

    The Press Room forced to close as high rents push Hong Kong restaurants out of business

    Posted Jul 22nd 2014, 03:57am by Vivienne Chow

    ... Vivienne Chow vivienne.chow@scmp.com High rents tough for restaurants to digest Soaring rents and increasing labour costs are putting a well-known restaurant out of business, while ... Room Group, said yesterday that "due to increasing commercial rents in the area", the business has been forced to close its doors. The group is also closing another of its restaurants ...

    http://www.scmp.com/news/hong-kong/article/1557057/high-rents-hong-kong-make-it-tough-restaurants-survive
  10. News - China - ECONOMY

    US Treasury secretary leaves talks with China pledge to reduce currency intervention

    Posted Jul 11th 2014, 04:36am by Victoria Ruan

    ... Victoria Ruan victoria.ruan@scmp.com Commitment to limit control is significant, but challenges remain in carrying it out, US says Beijing pledges to reduce currency intervention US ... US-China strategic and economic dialogue in Beijing. Putting those commitments into statement was "a major change", Lew said. "I think that we still have a process ahead, because ...

    http://www.scmp.com/news/china/article/1551487/us-treasury-secretary-leaves-talks-china-pledge-reduce-currency

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