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        <title><![CDATA[Home/Business]]></title>
        <link><![CDATA[http://www.scmp.com/portal/site/SCMP/menuitem.f4cac14c713efea733492d9253a0a0a0/]]></link>
        <description><![CDATA[Home-Business]]></description>
        <pubDate>2012-02-09 14:20:04</pubDate>
        <item>
            <title><![CDATA[French luxury giant buys into mainland firm]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=007d4e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[A financial consortium backed by French luxury goods giant LVMH has acquired a 10 per cent stake in mainland fashion maker Ochirly, a sign that global retailers are keen to tap the huge potential of mainland middle-class consumers, people close to the deal said  yesterday.
]]></description>
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            <title><![CDATA[Strong yen pushes Japan ever closer to a deficit]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=0caf4e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Japan's current account surplus shrank sharply to a 15-year low in 2011, and while foreign investments are covering a declining trade position for now, there are questions over how long Tokyo will be able to fund its huge public debt domestically. 
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            <title><![CDATA[China inflation hits 4.5pc in January]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=18caf27bb3065310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[China's annual inflation spiked to a consensus-busting 4.5 per cent in January as spending jumped during the Chinese Lunar New Year holiday season. 
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        </item>
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            <title><![CDATA[HK ad firm to help Youku expand]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=1b164e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Youku.com, the mainland's leading online video-services provider, and Hong Kong-listed Focus Media Network are widening their partnership to cover advertising sales opportunities in more international markets.  
]]></description>
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            <title><![CDATA[Lenovo shares soar after Q3 results]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=369cbf8e7a065310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Lenovo posted third-quarter net profit that beat forecasts, although growth slowed for a third consecutive quarter with the world's No 2 PC maker highlighting the crisis in Europe.]]></description>
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            <title><![CDATA[China shares flat amid inflation fears
]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=38c0f5d3efc15310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[China shares were flat at midday on Thursday, with strength in property developers outweighing losses in financials after higher inflation data tempered expectations.]]></description>
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            <title><![CDATA[BlackRock chief urges investors  to place all their bets on stocks]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=3b204e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Take your money out of the bank and put it in the stock market - because prevailing low deposit rates will not be enough to cover your retirement needs, the head  of the world's largest money manager says.
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            <title><![CDATA[Extra aid for first-time home buyers on mainland]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=3b354e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Mainland property stocks rallied yesterday after the central bank indicated that it would support first-time home purchases, sparking hope for a rebound in property sales after a five-month slump.
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            <title><![CDATA[Geologist is crying wolf on earthquake threat facing HK]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=41a04e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Ian McFeat is right to point out how destructive a quake could be to our shoddily constructed city on the sea. But the possibility of a large one is actually very low, says <B>Tom Holland</B>.]]></description>
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            <title><![CDATA[BoA delays mortgage refinance applications]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=478f4e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Bank of America, struggling to handle mortgage refinancing after a United States programme boosted demand, is telling some customers to wait 90 days before starting an application, say two people with knowledge of the policy.
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            <title><![CDATA[China may lend its largest market Europe up to €100b for bailout fund]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=4d054e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[China may move shortly to help Europe resolve its debt crisis by providing an investment of as much as &euro;100 billion  (HK$1.02 trillion), said Yuan Gangming, an economist at the Chinese Academy of Social Sciences.
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            <title><![CDATA[Krung Thai eyes  loan growth to boost margins]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=6cff4e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Thailand's second-largest lender, the state-run Krung Thai Bank, expects sustained loan growth to boost net profit this year  when it aims to tap retail and small and medium-sized clients to boost margins, a top executive said. 
]]></description>
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            <title><![CDATA[New-look HSBC no shrinking violet]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=6e804e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[HSBC is no longer &quot;The World's Local Bank&quot; - that's official. In what is a significant shift in its advertising strategy, HSBC is dropping what has been a highly successful tagline. The bank adopted the line in 2002 but is dumping it with immediate effect from all new advertising, according to marketing-interactive.com. The change accompanies the considerable upheaval under way at HSBC following CEO Stuart Gulliver's announcement in August that the bank was planning to cut up to 30,000 jobs and pull out of some markets. 
]]></description>
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            <title><![CDATA[Business Digest]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=8a454e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Maserati recalls 222 faulty cars on mainland Italian luxury carmaker Maserati would recall 222 vehicles on the mainland due to a defective rear light, the central government's quality watchdog said yesterday.  Maserati sold more than 780 cars on the mainland last year, nearly twice as many as in 2010, making China  its second-largest market in the world after the United States, according to the company's website. Ferrari Maserati Cars International Trading (Shanghai), the only mainland importer of Maseratis, would notify customers and offer free repairs, the statement said. AFP
]]></description>
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            <title><![CDATA[Alibaba.com shares suspended]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=93764ca980065310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Trading in Alibaba.com shares was suspended on Thursday, pending an announcement about amid reports that the Alibaba Group were planning to buy back its stake in Yahoo. 
]]></description>
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            <title><![CDATA[Market surge prompts firms to revive IPOs]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=9c154e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Investment bankers are trying to revive at least four substantial initial public offerings that were called off  late last year because of weak market sentiment  as the market is showing signs of recovery.
]]></description>
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        <item>
            <title><![CDATA[RBS chief finds bonus  scrutiny discomforting]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=9dbf4e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Royal Bank of Scotland chief executive  Stephen Hester said the political scrutiny of his bonus has been &quot;discomforting to say the least&quot;.
]]></description>
        </item>
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            <title><![CDATA[Hang Seng slips 0.5pc, banks drag]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=9e432913ab555310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Strength in Chinese developers helped limit losses in Hong Kong, as the Hang Seng Index ending the morning down 0.5 per cent on Thursday, as mainland banking stocks were hit.]]></description>
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            <title><![CDATA[China shares down slightly in morning trade
]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=a8b99749b1065310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Chinese shares were down 0.08 per cent in early trade Thursday after data showed inflation hit 4.5 per cent in January, the highest level in three months.
]]></description>
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            <title><![CDATA[13pc annual increase in minimum pay urged]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=acb54e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[The annual average growth of the mainland's minimum wages should be at least 13 per cent up to 2015, according to a government job market plan published yesterday. Raising pay is key to the jobs blueprint, part of Beijing's 12th five-year economic plan, which aims to boost employment in the world's No2 economy. ]]></description>
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            <title><![CDATA[Beijing developer optimistic over office sales target]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=b3754e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Soho China, the Beijing-based commercial developer, believes it can achieve sales of 23 billion yuan (HK$28.3 billion) this year due to strong demand for office space. While the developer generated just 10.9 billion yuan from property sales in 2011, far below its sales target of about 20 billion yuan, chief financial officer Tong Chingmau yesterday said last year's sales were hit by two major factors.]]></description>
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            <title><![CDATA[Yuan trading experts in demand]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=b57f4e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[HSBC staff with knowledge of yuan trading could escape the bank's massive lay-off plan as the lender moves to make London a hub for the currency. The bank, the largest lender in Europe, yesterday announced it was appointing Paul Gooding, who has headed their European credit trading unit for the past seven years, to lead HSBC's team helping London to become an offshore yuan centre. &quot;Given Gooding's strong markets and product knowledge, he is ideally suited to drive this initiative,'' HSBC said in the appointment statement.]]></description>
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            <title><![CDATA[Cash-happy BHP shrugs off drop in profits]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=c0df4e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[BHP Billiton, the world's biggest miner, reported a rare fall in earnings  yesterday, hurt by labour battles and weaker commodity prices, but the result showed it was still in a different league from its would-be rival Glencore-Xstrata. 
]]></description>
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            <title><![CDATA[KFC owner set to grow on mainland]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=d4a54e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Fast-food chain giant  Yum  Brands will add at least 600 more outlets across the mainland this year on the back of continued strong sales growth in the world's second-largest economy.
]]></description>
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            <title><![CDATA[Ex-Goldman director may face more strife]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=d89f4e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Rajat Gupta,  the former Goldman Sachs director accused of giving inside information to fund manager Raj Rajaratnam  about that company and Procter &amp; Gamble, may face more allegations he passed tips, prosecutors said at his arraignment on revised charges.
]]></description>
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            <title><![CDATA[Back to his trading roots]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=d9704e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Just eight months after taking Glencore International public in a US$10 billion stock offering, Ivan Glasenberg is stepping aside as chief executive to go back to his trading roots.
]]></description>
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            <title><![CDATA[Asian markets fall on Greek fears
]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=dd2bf6f226d15310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Asian markets were lower on Thursday after marathon talks over Greece's massive debt ended without firm agreement as China’s annual inflation rate hit a three-month high.
]]></description>
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            <title><![CDATA[HK shares to open down 0.5pc
]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=e1389749b1065310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Hong Kong shares were set to open lower on Thursday, with HSBC Holdings the top drag on the Hang Seng Index as the benchmark retreated from chart resistance ahead of the release of China’s January inflation data. 
]]></description>
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            <title><![CDATA[Lease conversion leaves Tsang stuck]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=eb254e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Court ruling against non-industrial use of factory space hinders resolution of housing problem, says <B>Jake van der Kamp</B>.]]></description>
        </item>
        <item>
            <title><![CDATA[Business Digest]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=ebcea5deffd55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Nokia,  which sells more mobile phones in Asia than any in other region, would cut about 4,000 jobs in factories in Hungary, Mexico and Finland as it concentrates assembly closer to its Asian suppliers, it said. Device assembly would be transferred to factories in Asia, where the majority of component suppliers were based, Nokia said. The planned cuts comprised 2,300 in  Hungary, 700 in  Mexico and 1,000 in  Finland, spokesman Doug Dawson said.   Since its  tie-up with Microsoft, Nokia has cut about 14,500 jobs, or about 22 per cent of the  people it employed at the end of 2010, excluding its wireless-equipment venture with Siemens.]]></description>
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            <title><![CDATA[Xinhua TV lists in HK amid global push]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=f0ddbf8e7a065310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Xinhua News Network Corporation, the TV unit of state-run Xinhua news agency, has tapped the Hong Kong capital markets to support its efforts to build a global media presence.]]></description>
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            <title><![CDATA[Walt Disney profit jumps 12pc to beat market target]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=f3ef4e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Walt Disney, the largest entertainment company by market value in the United States, said first-quarter profit rose 12 per cent on growth at ESPN and its US resorts.
]]></description>
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            <title><![CDATA[Nissan lifts operating profit on record sales]]></title>
            <pubDate>2012-02-09 00:00:00</pubDate>
            <link><![CDATA[http://www.scmp.com/vgn-ext-templating/v/index.jsp?vgnextoid=fd004e0da9d55310VgnVCM100000360a0a0aRCRD&s=Business]]></link>
            <description><![CDATA[Nissan Motor pushed up quarterly operating profit by 3.6 per cent as record car sales last year boosted its market share in every major region, and it kept its full-year forecast unchanged at the highest level among Japan's top carmakers. 
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