Image-conscious China chides its 'unruly' tourists

3Q earnings

16 Nov 2012

Macau casino operator SJM posted a 41.2 per cent jump in net profit for the third quarter, even though its gaming revenue fell 0.9 per cent year on year as mainland tourists tightened their belts...

2:47AM

Analysts bearish on PetroChina earnings growth

14 Nov 2012

PetroChina is losing the support of analysts who say earnings growth at Asia's biggest oil producer is stunted by its unprofitable natural gas imports.

4:57AM

Coal miner SouthGobi to cut staff after posting US$55m net loss

14 Nov 2012

SouthGobi Resources swung to a net loss of US$54.56 million in the third quarter from a net profit of US$55.92 million in the period last year, while the mining firm's revenue plunged 94.5 per...

3:18AM

National pension fund raises investment in mainland market

9 Nov 2012

China's national pension fund has increased its A-share purchases as part of efforts to help stabilise the market, while cutting H-share holdings which have begun trading at a premium to their...

3:59AM

HSBC to dispose of non-core assets in bid to cut costs

6 Nov 2012

HSBC says it will continue to save costs by disposing of non-core businesses and focus on lending business in emerging markets, especially China.

4:24AM

Sands share of Macau revenue rises to 19pc

3 Nov 2012

Sands China is expected to build a bigger stake in Macau's gaming market after gaining market share and posting better-than-expected profits in the third quarter.

3:22AM

Opinion

Alex Lo

Rankings belie the real purpose of universities: to educate

5 comments

12:54AM

Howard Winn

Way to go

2:01AM

Singapore targets UBS over Libor

UBS is under investigation in Singapore along with other banks for possible manipulation of Libor and other benchmark rates, the Swiss bank said yesterday.

3:11AM

Baidu expects slower earnings growth in December quarter

Baidu, the leading internet search services provider on the mainland, expects to record slower growth this quarter amid a sluggish economy.

4:12AM

Better loan performance sees ICBC profit rise 14.9pc

Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets, has posted a forecast-beating 14.9 per cent rise in third-quarter earnings. The gains came from higher profit...

8:16AM

RESULTS

China Telecom results down 7.3pc year on year

China Telecom, the world's biggest fixed-line network operator, reported a fall in net profit of 7.3 per cent for the third quarter from a year earlier, hit by increasing costs and subsidies on...

2:48PM

BANKING

Competition eats into CMB margins

China Merchants Bank's net profit grew 16.6 per cent in the third quarter from a year earlier, driven by a rise in interest income, but net interest margin dipped amid fierce competition.

4:25AM

EARNINGS

Carmaker BYD caught in drag from solar business, lower car demand