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  • August 29, 2014
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  1. News - China

    Chinese police investigate US citizen near border with North Korea

    Posted Aug 08th 2014, 08:25am by Reuters

    ... on Thursday. Peter Hahn, a naturalised US citizen, has been under interrogation by Chinese authorities for the last three weeks and is not permitted to leave the country, said the source, who requested ... sweep of Christian-run NGOs and businesses along the Chinese side of the border with North Korea. While China can be suspicious of Christian groups and President Xi Jinping has launched a wide ...

    http://www.scmp.com/news/china/article/1568943/china-police-investigate-us-citizen-near-border-north-korea
  2. Business - China Business - ACQUISITIONS

    Alibaba buys US$120m stake in mobile games firm Kabam

    Posted Aug 01st 2014, 10:44am by BIEN PEREZ

    ... for Facebook based on popular US television shows and movies. Its mobile business has prospered in the so-called "freemium" market segment, in which games are initially downloaded for free ... Bien Perez bien.perez@scmp.com Alibaba buys stake in US mobile games firm E-commerce powerhouse Alibaba Group Holding is looking to heat up the fast-growing mobile games market ...

    http://www.scmp.com/business/china-business/article/1564045/alibaba-buys-us120m-stake-mobile-games-firm-kabam
  3. News - China - CRIME

    US slaps sanctions on Chinese drug lord

    Posted Aug 04th 2014, 04:23am by Bryan Harris

    ... drugs in the US and Europe, the Treasury said. The move by the Treasury means all of Zhang's US assets are frozen and US citizens are prohibited from engaging in business with him. In 2010, ... Bryan Harris bryan.harris@scmp.com Zhang Lei shipped illegal substances across the globe for more than a decade, Treasury says US freezes assets of 'drug kingpin' Authorities ...

    http://www.scmp.com/news/china/article/1565749/us-slap-sanctions-chinese-drug-lord
  4. Business - Banking & Finance - FINANCING

    Nomura aims to raise up to US$293m for fund to finance buyouts

    Posted Aug 07th 2014, 02:58pm by Bloomberg

    ... and acquisition deals valued at US$5.5 billion in the past 12 months, or about 11 per cent of all purchases of domestic firms. Prime Minister Shinzo Abe's economic stimulus is spurring deals ... notes a month. The central bank first took short-term interest rates to near-zero in 1999. US 10-year treasuries yield 2.49 per cent. The Nomura ICG fund will offer to private equity firms ...

    http://www.scmp.com/business/banking-finance/article/1568262/nomura-aims-raise-us293m-fund-finance-corporate-buyouts
  5. Business - Banking & Finance - COURTS

    ICBC executive sued by ex-employer Deutsche Bank over US$4 million transfer

    Posted Aug 09th 2014, 05:46pm by JULIE CHU

    ... Julie Chu julie.chu@scmp.com Top ICBC executive sued for US$6.3m A top executive of the Industrial and Commercial Bank of China (ICBC) is being sued by his former employer over the transfer of US$3.9 million to an offshore company, a High Court writ shows. The lawsuit demands that Zhang Hongli, now senior executive vice-president of ICBC, pay Deutsche Bank more than US ...

    http://www.scmp.com/news/china/article/1570024/icbc-executive-sued-ex-employer-deutsche-bank-over-us4-million-transfer
  6. News - World - DISEASE

    Second aid worker infected with Ebola due to arrive in US from West Africa

    Posted Aug 05th 2014, 06:23pm by Reuters

    ... since Saturday been treating 33-year-old US doctor Kent Brantly, who also returned home after being stricken with Ebola during the emergency response to the worst Ebola outbreak on record. Writebol and Brantly, believed to be the first Ebola patients ever treated in the US, served on a joint team in Monrovia run by Christian aid groups SIM USA and Samaritan’s Purse. ...

    http://www.scmp.com/news/world/article/1567023/second-aid-worker-infected-ebola-due-arrive-us-west-africa
  7. Business - Companies

    Businesses in city 'must plan ahead' to limit damage from rising sea levels, experts say

    Posted Jul 07th 2014, 05:26am by Benjamin Robertson

    ... as predicted? The city's rugged coastline and high sea walls offer some protection but government and businesses cannot be complacent from the threat of stronger typhoons and accompanying storm ... and Development Department, and a report was expected by early next year. In a 2012 report, the Hong Kong Business Environment Council, a corporate-sponsored think tank, recommended a "first ...

    http://www.scmp.com/business/companies/article/1548220/businesses-city-must-plan-ahead-limit-damage-rising-sea-levels
  8. Sport - Tennis

    Newly-wed Novak Djokovic seeks more joy on US hard courts

    Posted Aug 03rd 2014, 08:31pm by AFP

    ... Agence France-Presse in Toronto Serbian heads for ATP Masters in Toronto in preparation for looming US Open Djokovic seeks more joy on the hard courts Newly-wed Novak Djokovic will try to give himself more reason to celebrate this week as he returns to the hard courts of North America at the ATP Masters at Toronto with the US Open on the horizon. The number one-ranked Serb, who ...

    http://www.scmp.com/sport/tennis/article/1565623/newly-wed-novak-djokovic-seeks-more-joy-us-hard-courts
  9. Business - China Business - INVESTMENT

    China's surging investment in US heralds new multinational era

    Posted Aug 04th 2014, 03:40am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Sino-US multinationals may emerge as Chinese investors now putting more money into America China's surging spending in US heralds new era Chinese investments in the United States now exceed American investments in China in an historic shift that may see the emergence of joint Sino-US multinationals, but one that is also fraught ...

    http://www.scmp.com/business/china-business/article/1565759/chinas-surging-investment-us-heralds-new-multinational-era
  10. Business - China Business

    Business managers taking exposure to floods more seriously

    Posted Jul 07th 2014, 05:26am by Jasper Moiseiwitsch

    ... Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com Managers taking exposure more seriously Business managers in the Pearl River Delta are thinking more about their exposure to natural ... of insurance of last resort," Nelson said. "But as businesses grow and [the economy is] commercialised and industrialised … we are seeing insurance penetration rates rising, encouraged ...

    http://www.scmp.com/business/china-business/article/1548222/business-managers-taking-exposure-floods-more-seriously

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