Monday, September 30, 2013

First HK electric minibus to operate

Hong Kong's first electric minibus is expected to hit the roads next month. The battery-run public light bus is said to be 50 percent more fuel effici...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41391

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Protest against mainland death penalty

Hong Kong demonstrators have urged the mainland to abolish the death penalty. The demand was made during a protest outside the Central Government's Li...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41390

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Public urged to respect police

The Secretary for Security, Lai Tung-kwok, has called for the public to pay more respect to frontline police officers. He made the remarks at a Legco...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41389

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Sri Lankan Tamils detained over credit card fraud

Four Sri Lankans including three Tamil men have been remanded until October 25, following a court appearance over cash machine scams around Gloucester...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41388

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China's foreign debt stands at US$772b

China's top foreign exchange regulator said Monday that the amount of debt China owes foreign lenders stood at US$771.95 billion as of the end of June...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41387

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Violent Singaporean gang fixed 100-plus football games

A notorious Singaporean match-fixing gang rigged more than 100 football games worldwide in a fraud worth millions of dollars, before it was busted thi...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41386

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Macau trade deficit narrows in August

Macau recorded a trade deficit of 6.27 billion patacas in August, as merchandise import increased by 17 percent year on year, according to figures rel...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41385

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Thai killer of Japanese woman jailed

A Thai man was sentenced to nine years in prison by a Bangkok court for the murder of a Japanese woman two decades ago in Tokyo. Veerasak Lampongsa...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41384

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Another Singaporean nabbed over match-fixing

Yet another Singaporean has been arrested for football match fixing. Anthony Santia Raj is suspected to be operating in South and Central America, Af...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41383

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Fiscal deficit HK$44b for first five months

The government announced a fiscal deficit of HK$44 billion for the first five months ended August 31. Expenditure from April to August was HK$170.3 b...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41382

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Helper wages revised by HK$90 to HK$4,010

The basic minimum wage for foreign domstic helpers has been raised by HK$90 to HK$4,010 per month and will apply to contracts signed from tomorrow. T...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41381

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Exchange fund assets shrink by HK$26b

Hong Kong’s Exchange Fund had assets of HK$2.85 trillion at the end of August, the Hong Kong Monetary Authority said. This was HK$26.1 billion less th...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41380

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Yuan deposits swell to 709b

Hong Kong’s yuan deposits increased by 2.1 percent to 709.5 billion yuan in August, compared with July, the Hong Kong Monetary Authority said. Cross-...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41379

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Singaporean detained after savage attack on elderly neighbor by kicking, stomping and slamming head

Singaporean Casey Sabrina Ng, 41, who is suspected to have savagely attacked a 65-year-old elderly woman on Saturday morning in a Singapore Housing De...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41378

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The intriguing Direct Property Group





The Direct Property Group has aroused my curiosity. Their eye-catching advertisements for overseas property appear on BBC TV channels, in newspapers and in magazines. Some are for bargain USA homes, others for upmarket pads in Europe.









via Business feed http://www.scmp.com/comment/blogs/article/1321400/intriguing-direct-property-group

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AgBank eyes baby step onto global stage with Wing Hang





Agricultural Bank of China (1288.HK; Shanghai: 600188), the last of China's "big four" b









via Business feed http://www.scmp.com/comment/blogs/article/1321392/agbank-eyes-baby-step-global-stage-wing-hang

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Search wars begin as Sogou sues Qihoo





Any semblance of harmony between Sohu's (Nasdaq: SOHU) Sogou online search engine and spurned suitor Qihoo 360 (NYSE: QIHU) has quickly disappeared with a new series of lawsuits between the two sides for unfair competition and defamation.









via Business feed http://www.scmp.com/comment/blogs/article/1321381/search-wars-begin-sogou-sues-qihoo

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House speaker keeps job after Taiwan court ruling

Taiwan's parliamentary speaker scored another victory in the battle for his job Monday after the high court upheld a ruling against his party's deci...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41377

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Uniqlo expanding in Australia

The operator of Japanese cheap-chic clothing chain Uniqlo said Monday it was branching out to Australia, with a store in Melbourne next year, as it ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41376

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China shares outshine Asia on holiday eve, Hong Kong falls





China shares inched higher on Monday, outperforming other Asia markets as investors chased strength in retailers ahead of a week-long holiday, with the Shanghai benchmark heading for its biggest quarterly gain in three years.









via Business feed http://www.scmp.com/business/money/stock-talk/article/1321366/china-shares-outshine-asia-holiday-eve-hong-kong-falls

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European equities take Asia cue

Europe's main stock markets slid at the start of trading after heavy falls in Tokyo, as investors reacted to a budgetary impasse in Washington and p...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41375

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Why further rally in Chinese stocks is unlikely





In early July, long-depressed Chinese stocks stepped into the unlikely role of stars among emerging markets. But the outperformance has ended, and it’s very unlikely investors will see a repeat any time soon.









via Business feed http://www.scmp.com/business/money/markets-investing/article/1321354/why-further-rally-chinese-stocks-unlikely

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6.7-magnitude quake jolts New Zealand

A 6.7-magnitude earthquake struck the remote, uninhabited Kermadec Islands Monday, but there was little chance of a Pacific-wide tsunami, officials ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41374

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Toshiba sheds 2,000 jobs

Japan's Toshiba said it would shut or sell two of its three wholly-owned overseas television plants in the next six months, shedding 2,000 jobs. Th...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41373

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Reforms still hotly debated inside Communist Party





China’s leaders will lay out plans to transform the world’s second-largest economy at a key party meeting in November, leaving the question of how to do it largely unanswered as much of the reform agenda is still a matter of heated internal debate.









via Business feed http://www.scmp.com/business/economy/article/1321324/reforms-still-hotly-debated-inside-communist-party

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Retail sales rebound in Germany

German retail sales gained in August following two consecutive months of decline, official data showed today. Retail sales expanded by 0.5 percent ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41372

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Nikkei dives 2pc at close

Stocks in Tokyo closed down 2.06 percent as the US dollar dropped sharply against the yen on concerns over the budgetary impasse in Washington. The ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41371

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Australia’s tainted hand exposed once more in corrupt, UN sanctions-busting deals with Saddam

The Reserve Bank of Australia admitted staff from a subsidiary visited Iraq at the height of UN sanctions after it was accused of attempting to strik...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41370

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As Chinese firms take their disputes offshore, Hong Kong arbitrators gain





When more than 2,000 passengers aboard China’s biggest cruise liner found their ship detained in a South Korean port and their holiday in ruins, they had unwittingly become pawns in a five-year legal row between two Chinese shipping firms.









via Business feed http://www.scmp.com/business/china-business/article/1321300/chinese-firms-take-their-disputes-offshore-hong-kong

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What would happen if the US government shuts down?





A partial shutdown of the US government will begin at midnight on Monday if Republicans and Democrats fail to agree on a funding bill.









via Business feed http://www.scmp.com/business/economy/article/1321290/what-would-happen-if-us-government-shuts-down

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HK businessman wins fake art suit against Indonesian tycoon, who is declared bankrupt

A China-born prominent Indonesian tycoon has been declared bankrupt in a Singapore court after losing a lawsuit filed by a Hong Kong businessman. For...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41369

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Cops warn joggers to be polite around palace

Japanese joggers are being warned to mind their manners when they run around the Imperial Palace in central Tokyo, after a spate of rudeness. Offici...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41368

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74 missing as 3rd fishing boat sinks

A total of 74 people have been confirmed missing after three fishing boats have sunk since Sunday afternoon in a typhoon in South China Sea, maritime ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41367

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Senior legislator urges better pay for teachers

Senior legislator Chen Zhu on Monday urged education authorities to improve teachers' income to ensure sound development of the teaching sector. Whil...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41366

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Govt plans to provide instant help to 'working poor'

Labour and Welfare Secretary Matthew Cheung Kin-chung has said the government is considering giving financial subsidies to the working poor with depen...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41365

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Hang Seng falls 1pc at break

Stocks in Hong Kong fell 1.10 percent as a budget face-off in Washington threatens to shut down parts of the US economy. The benchmark Hang Seng Inde...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41364

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Hoaxers to face tougher penalties

The mainland authorities have said they will impose tough penalties on people making false terrorist threats against airlines and airports, after a st...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41363

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Australian iron ore project going into production, Citic Pacific says





Citic Pacific said it was moving into the initial production phase at its US$8 billion iron ore project in Australia, following years of delays at one of China’s costliest offshore mining developments.









via Business feed http://www.scmp.com/business/companies/article/1321252/australian-iron-ore-project-going-production-citic-pacific-says

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Nikkei down 1.7pc at break

Stocks in Tokyo fell 1.72 percent as the US dollar dropped sharply against the yen on concerns over the budgetary impasse in Washington. The benchma...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41362

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China factory output growth continues

China's manufacturing activity expanded for a second straight month in September, a private index showed The HSBC purchasing managers' index for the...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41361

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British house prices rise by most in 6 years





House prices in England and Wales posted their biggest month-on-month gain in more than six years in September, but talk of a price bubble is overdone, property analysis firm Hometrack said in a survey on Monday.









via Business feed http://www.scmp.com/business/economy/article/1321245/british-house-prices-rise-most-6-years

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Beijing to give glut-weary solar panel makers tax breaks





The Ministry of Finance announced on Sunday it will offer tax breaks to manufacturers of solar power products, as China moves to support an industry still struggling to deal with massive overcapacity and weak demand.









via Business feed http://www.scmp.com/business/companies/article/1321242/beijing-give-glut-weary-solar-panel-makers-tax-breaks

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New Zealand international schools earn more despite lower enrollment

Overseas students in the New Zealand education system contributed NZ$2.6 billion to the country's economy in the last financial year, a 3-percent rise...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41360

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Siemens to cut 15,000 jobs by fall 2014

The German engineering giant Siemens plans to cut 15,000 jobs, including 5,000 in Germany, by autumn 2014, a spokesman said on Sunday. Cutting 15,000...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41359

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(NBA) Spoelstra signs extension with Heat

Miami Heat head coach Erik Spoelstra signed a multi-year extension with the Heat, the team announced on Sunday. The move comes one day after the Heat...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41358

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(Football) Suarez double routs bottom-dwellers

Luis Suarez scored two goals on his English Premier League comeback as Liverpool climbed back up to second place with a hard-fought 3-1 victory at s...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41357

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Tokyo arrests Chinese over deadly ship collision

Japan's coastguard said it arrested a Chinese crew member of a Sierra Leone-registered vessel over a collision with a Japanese ship that left five p...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41356

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HSBC final China PMI edges up to 50.2, as domestic demand stays subdued





China’s factory sector grew in September after rising foreign orders made up for a subdued domestic market, a private survey showed, suggesting Asia’s economic powerhouse is starting to turn the corner, though a firm rebound remains elusive.









via Business feed http://www.scmp.com/business/economy/article/1321220/hsbc-final-china-pmi-edges-502-domestic-demand-stays-subdued

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Milk formula limits to stay for now

Health Secretary, Ko Wing-man, has promised not to lift the two-tin-per-traveler export restriction on milk formula, until the government is certain t...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41355

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Singaporean held for savage attack on elderly woman, neighbor kicked in head and dragged by her hair

Police have arrested a 40-year-old Singaporean woman for a savage assault on a 65-yeard-old Chinese cancer sufferer who was hit with a incense bin, a ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41354

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(Champions League) Dortmund, Ajax seek rebound

Chelsea boss Jose Mourinho believes Tuesday's Champions League trip to Steaua Bucharest is a match they cannot lose while Premier League leaders Ars...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41353

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(Horse racing) Dubai ruler rattled by drugs on jet

Dubai monarch and leading racehorse owner Sheikh Mohammed bin Rashid Al Maktoum (pictured) has ordered an inquiry after an illegal shipment of veter...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41352

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Hang Seng tumbles following Tokyo plunge

Stocks in Hong Kong fell 1.12 percent in the first few minutes of trade as a budget impasse in Washington pushes the US government to the brink of s...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41351

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Berlusconi allies push Italy PM into corner

Italian Prime Minister Enrico Letta called a parliamentary vote of confidence in his teetering left-right government Wednesday amid a tug-of-war over...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41350

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Palestinian singer delights Arabs in Netherlands

The Gazan winner of the Arab Idol talent competition Mohammed Assaf brought his thumping Palestinian beats out of the Middle East for the first on S...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41349

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Portugal voters reject austerity in local polls

Voters in Portugal took out their frustrations on the center-right coalition and their austerity policies in municipal elections in the main cities S...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41348

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Temporary paralysis looms in US over funding gridlock, but Senate Democrats turn up heat

The US government was on the brink of shutting down after lawmakers approved a Republican bill seeking to delay President Barack Obama's health ca...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41347

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Greek extremist lawmaker gives himself up

A Greek lawmaker sought by police surrendered on Sunday, bringing to six the number of legislators from the extreme-right Golden Dawn party now in cus...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41346

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British Petroleum back in court over US spill

The methods that British Petroleum use during its 86-day struggle to stop oil gushing into the Gulf of Mexico will be the focus of a trial resuming Mo...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41345

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Anti-immigrant extremist party gains ground in Austria elections

Austria's two main centrist political parties scraped together a majority in elections Sunday, enough for their unloved coalition to continue but a ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41344

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Japan factory production falls

Japan's industrial production fell by a sharper-than-expected 0.7 percent on-month in August, official data showed today. The latest reading came af...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41343

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Nikkei plunges 2pc

Stocks in Tokyo tumbled 2 percent in opening trade as the US dollar fell against the yen on concerns over a US budgetary impasse. The benchmark Nik...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41342

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Cloudy, rainy day in the city

A cloudy day with a few patches of rain are forecast for Hong Kong today. The maximum temperature will be about 27 degrees Celsius. The northeast mo...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41341

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DCHL 'looking to clean up its image'





Health-and-beauty products distributor Digital Crown Holdings HK (DCHL) is said to be trying to reform its controversial marketing tactics, amid allegations it exploited a loophole in Hong Kong's laws regulating multi-level sales.









via Business feed http://www.scmp.com/news/hong-kong/article/1320807/dchl-looking-clean-its-image

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Lampe Berger boss says Hong Kong laws 'too lax' for it to sue ex-distributor in brand row





Lampe Berger's Hong Kong branch director, John Vullierme, questioned how DCHL would be able to provide Lampe Berger products to its members when it had "almost ordered nothing" from Paris since mid-2011.









via Business feed http://www.scmp.com/news/hong-kong/article/1320909/lampe-berger-boss-says-hong-kong-laws-too-lax-it-sue-ex-distributor

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Investment-linked insurance schemes a trap for unwary investors





It started with a referral from a friend. For Connie Choi Shuk-mei, it ended in claims of fraud, a police investigation and the founding of Hong Kong's first anti-insurance-product activist group.









via Business feed http://www.scmp.com/news/article/1320840/investment-linked-insurance-schemes-trap-unwary-investors

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Experts wary of roll-out for liberalisation





Market watchers remain sceptical about whether Beijing's targeted time frame for opening its capital accounts, a key step in the yuan's journey to global acceptance, is too soon.









via Business feed http://www.scmp.com/business/economy/article/1320762/experts-wary-roll-out-liberalisation

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China button pressed





Fuji Xerox, the printer and document-processing giant, plans to generate about US$1 billion of its total revenue annually from China in the next five years, as the company grows sales in more cities across the mainland.









via Business feed http://www.scmp.com/business/companies/article/1320815/china-button-pressed

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CMB purchase gives Wing Lung new lease of life





CMB acquired Wing Lung for HK$19.3 billion at a 2.9 price-book ratio. Five years on, and after meeting internal management and external economic challenges, Wing Lung has 44 branches in Hong Kong, making it the third-largest mainland bank in the city by branch network.









via Business feed http://www.scmp.com/business/banking-finance/article/1320761/cmb-purchase-gives-wing-lung-new-lease-life

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Insurance product faces gloomy future





It is hard to be a vendor of insurance-linked investment funds these days, as regulators come under pressure to outlaw sales of such products that are worth HK$17 billion a year.









via Business feed http://www.scmp.com/business/money/investment-products/article/1320771/insurance-product-faces-gloomy-future

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Weibo's revenue challenges are far from micro





Mainland online media group Sina Corp is facing twin challenges to its revenue - from a crackdown by the government on bloggers and competition from Tencent's WeChat.









via Business feed http://www.scmp.com/business/companies/article/1320798/weibos-revenue-challenges-are-far-micro

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Sun Hung Kai Financial battles for rich clients





A commission price war raging among brokerages prompted Sun Hung Kai Financial's move into wealth management, but the diversification strategy is opening up new battles for one of the oldest names in finance in Hong Kong. With many international and local banks keen to expand in the fast-growing sector, SHK Financial is trying to push deeper into a crowded market.









via Business feed http://www.scmp.com/business/banking-finance/article/1320759/sun-hung-kai-financial-battles-rich-clients

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K Wah joins the frenzy over Shanghai zone





Hong Kong developer K Wah International has jumped on the bandwagon of the free-trade zone in Shanghai, hoping its upcoming residential project near the zone may anchor its expansion plans in the mainland's commercial hub.









via Business feed http://www.scmp.com/business/china-business/article/1320875/k-wah-joins-frenzy-over-shanghai-zone

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Shoppers hit Hong Kong early before tour prices rise





Golden week has come early for favoured haunts of mainland shoppers as some of the more price-conscious visitors have been taking to their tour buses to get in before a jump in prices for organised trips to Hong Kong.









via Business feed http://www.scmp.com/business/economy/article/1320915/shoppers-hit-hong-kong-early-tour-prices-rise

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Yuan rise puts heat on Hong Kong dollar peg





With the rising use of the yuan in trade and investment, debate about the Hong Kong dollar's 30-year-old peg to the US dollar is intensifying.









via Business feed http://www.scmp.com/business/economy/article/1320766/yuan-rise-puts-heat-hong-kong-dollar-peg

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Beijing reassures Hong Kong on Shanghai free-trade zone





Beijing was quick to soothe concerns in Hong Kong about its rivalry with Shanghai after the mainland's commercial capital officially launched its free-trade zone yesterday.









via Business feed http://www.scmp.com/news/article/1320904/beijing-reassures-hong-kong-shanghai-free-trade-zone

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EU ponders rescue fund for non-euro banks ahead of stress test





The European Union is weighing up whether a €50 billion (HK$524 billion) rescue fund can be turned into a backstop for banks in member states outside the single-currency bloc, two EU officials said.









via Business feed http://www.scmp.com/business/banking-finance/article/1320760/eu-ponders-rescue-fund-non-euro-banks-ahead-stress-test

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Property sector takes centre stage as directors top up





Share transactions by directors fell last week, with 180 trades worth HK$184 million reported to the stock exchange, down from the previous week's four-day total of 199 transactions worth HK$226 million.









via Business feed http://www.scmp.com/business/money/money-news/article/1320876/property-sector-takes-centre-stage-directors-top

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Pearl River manufacturers brace for stronger yuan





Italian car parts maker Util has seen the yuan appreciate considerably against the US dollar since it set up a factory in the Pearl River Delta six years ago.









via Business feed http://www.scmp.com/business/china-business/article/1320797/pearl-river-manufacturers-brace-stronger-yuan

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Insurance activist Lai Yan-cheong: sales tactics are wrong





A member of Hong Kong's first anti-insurance product activist group, Lai Yan-cheong, used to work as an insurance agent in the US. He moved to California in 1992 and found work selling insurance to corporate clients.









via Business feed http://www.scmp.com/news/article/1320841/insurance-activist-lai-yan-cheong-sales-tactics-are-wrong

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Sunday, September 29, 2013

Line, WeChat: Asian social networks move to conquer Europe





Move aside Facebook and Skype. Asian social networks, already hugely popular on their continent, have set their sights on Europe where they could prove stiff competition for their US rivals.









via Business feed http://www.scmp.com/business/article/1320543/line-wechat-asian-social-networks-move-conquer-europe

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China launches its first free trade zone in Shanghai





China launched a free trade zone in its commercial hub Shanghai on Sunday, state-media reported, with the project seen as a testing ground for much-needed reforms in the world’s second largest economy.









via Business feed http://www.scmp.com/news/china/article/1320509/china-launches-its-first-free-trade-zone-shanghai

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Friday, September 27, 2013

Electronic goods seized from speedboat

The Customs and Excise Department and Marine Police detected undeclared consumer goods on a speedboat at a jetty at Hang Hau Tsuen, Lau Fau Shan. Tw...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41334

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Eight residential sites to be sold next quarter

The government will put nine plots -- eight for residential flats and one for commercial use -- for sale in the next quarter, said development ministe...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41332

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HKU to host universal suffrage forum

The University of Hong Kong has invited more than 200 members of the public to a forum on Sunday, to discuss how universal suffrage for the the chief ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41331

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CY confident mainland is heading towards reform

Chief Executive Leung Chun-ying says the mainland's 'general trend' towards reform and opening up will continue. He was responding to questions about ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41330

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Court shoots down Walter Kwok's bid in Law Society case

The ousted chairman of Sun Hung Kai Properties, Walter Kwok Ping-sheung, has failed in a legal bid to get the Law Society to investigate a solicitor w...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41329

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Climate scientists certain temperatures will rise by up to 4.8 degrees Celsius this century

A UN panel said it was certain that humans are causing global warming and predicted temperatures would rise by 0.3 to 4.8 degrees Celsius this centur...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41328

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Three die in flattened Mumbai building

At least three people have been killed at at a five-story residential block that collapsed in Mumbai at daybreak today. Dozens are feared trapped. R...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41327

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Holiday price cuts ordered at domestic attractions

Domestic travellers will pay a little less during the week-long National Day holiday from October 1-7. Ticket prices have been lowered at 1,400 sceni...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41326

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Hang Seng inches higher at the close

Stocks in Hong Kong inched up 0.35 percent today following a positive lead from Wall Street but gains were capped owing to concerns about a budget s...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41325

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Thom Browne drops in at JOYCE

Joyce erected a pop-up store to welcome the label Thom Browne as well as the New York designer who created the apparel bearing his name to Hong Kong t...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41324

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Huishan Dairy flops in Hong Kong debut after being bypassed by state subsidies





China Huishan Dairy fell as much as 10 per cent in its first trading day on the Hong Kong stock exchange, hurt in part by concerns that it may miss out on funds the Chinese government has earmarked for consolidation in the sector.









via Business feed http://www.scmp.com/business/money/markets-investing/article/1319068/huishan-dairy-flops-hong-kong-debut-after-being

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Rights bodies urge action on repressive Rajapakse regime

Two human rights groups say a Commonwealth advisory group should prioritize the human rights situation under President Mahinda Rajapakse of Sri Lanka,...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41323

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Nikkei retreats at the close

Stocks in Tokyo closed down 0.26 percent today, as investors gear up for a string of Japanese data next week and a government decision on raising sal...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41322

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‘Everlasting Sorrow’ author Wang Anyi earns further recognition

Nanjing-born contemporary author Wang Anyi, who gained global attention following the publication of a translated version of The Song of Everlasting ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41321

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Turkey awards deal for defence system to Chinese firm sanctioned by US





Nato member Turkey has chosen a Chinese defence firm that has been sanctioned by Washington to co-produce a US$4 billion long-range air and missile defence system, rejecting rival bids from Russian, US and European firms.









via Business feed http://www.scmp.com/business/china-business/article/1319053/turkey-awards-deal-defence-system-chinese-firm-sanctioned-us

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(Football) Chelsea new signee Van Ginkel to miss six months

Chelsea's new signing Marco van Ginkel will be sidelined for some six months following a knee surgery, the Premier League giants announced on Thursday...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41320

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Novartis, Japanese universities under cloud over bogus data for blood pressure drug Diovan

Japanese authorities are preparing to raid the local arm of Swiss pharmaceutical giant Novartis over data fabrication claims, reports said today. A ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41319

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70 trapped in flattened Mumbai building

A five-story residential block collapsed in Mumbai at daybreak today and up to 70 are feared trapped inside, in the latest building disaster to hit ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41318

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Brokerage ordered to pay ex-employee US$4.3 million for making him sell securities that failed





A US$4.3 million arbitration award to a broker who was encouraged by his former firm to sell securities that later failed could spawn similar complaints from other brokers.









via Business feed http://www.scmp.com/business/banking-finance/article/1319021/brokerage-ordered-pay-ex-employee-us43-million-making-him

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Dennis Chan’s salute to mythical creatures

Hong Kong designer Dennis Chan, who is creative director of luxury jeweler Queelin, has taken the mythical symbols of the dragon and the phoenix and b...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41317

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Corruption rife in procurement by Chinese state companies





In March last year, after getting government approval to go ahead with a US$900 million refinery expansion in Fujian province, state-run oil giant Sinopec warned the team handling the project against taking bribes.









via Business feed http://www.scmp.com/business/china-business/article/1319008/corruption-rife-procurement-chinese-state-companies

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China shares see small bounce on industrial data, Hong Kong struggles





China shares rebounded modestly early Friday after data showed the pace of profit growth for Chinese industrial firms in August more than doubled from July, tempering Hong Kong weakness, with coal and aluminum counters leading gains.









via Business feed http://www.scmp.com/business/money/stock-talk/article/1319002/china-shares-see-small-bounce-industrial-data-hong-kong

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Google silently switches to new algorithm to help users handle longer, complex searches

Google has quietly retooled the closely guarded formula running its internet search engine to give better answers to complex questions posed by Web su...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41316

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9 Japanese firms fined US$740 million for fixing prices of parts sold to US carmakers





Nine companies based in Japan and two executives have agreed to plead guilty and to pay a total of more than US$740 million in fines for their roles in long-running conspiracies to fix the prices of car parts sold to US carmakers, the US Department of Justice said on Thur









via Business feed http://www.scmp.com/business/companies/article/1318979/9-japanese-firms-fined-us740-million-fixing-prices-parts-sold-us

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24 trapped in collapsed Mumbai building

A five-storey residential building collapsed in Mumbai at daybreak on Friday in the latest accident in India's financial capital, with dozens feared ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41315

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Guam hotel explosion not terrorism, official says

Investigators have so far found no evidence that an explosion at a bar in the Guam Hilton that forced tourists to evacuate was terror-related, offic...



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Hang Seng up by break

Hong Kong stocks ended the morning session slightly higher following the first positive close on Wall Street since last week. The benchmark Hang Se...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41313

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Toyota recalls 615,000 Siennas over dangers

Toyota is recalling 615,000 Sienna minivans in the US because they can inadvertently shift out of park and roll away. The recall involves Siennas fro...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41312

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Nike China revenue down 3pc, reports US$780m earnings

Strong demand for Nike's shoes and apparel in North America and Europe, as well as price increases in regions around the world, helped the athletic go...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41311

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Open days for King Yin Lei set for October

The Commissioner for Heritage's Office (CHO) of the Development Bureau will hold two open days at King Yin Lei, a declared monument, on October 19 and...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41310

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Convicted Jewish financier Madoff’s ‘choice’ accountant Konigsberg faces fraud charges

A 77-year-old accounting executive was arrested on charges he helped direct false bookkeeping during convicted Jewish financier Bernard Madoff's histo...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41309

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Japan commits to nuclear disarmament

Japan’s Prime Minister Shinzo Abe has told the UN General Assembly that his country is committed to nuclear disarmament and non-proliferation. His com...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41308

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Google tweaks search engine to better serve users of mobile devices





Google has quietly retooled the closely guarded formula running its internet search engine to give better answers to the increasingly complex questions posed by web surfers.









via Business feed http://www.scmp.com/business/companies/article/1318947/google-tweaks-search-engine-better-serve-users-mobile-devices

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Smithfields closes Shuanghui deal

US pork producer Smithfield Foods Thursday completed its sale to Shuanghui International Holdings, the largest shareholder of China's biggest meat pro...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41307

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Adelson’s Sands ordered to pay US$1m trial expenses to Richard Suen

A US judge is awarding Hong Kong businessman Richard Suen who sued Las Vegas Sands Corp more than US$1 million to cover his expenses for the six-week ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41306

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Alibaba exec says HK bourse must adapt

A senior Alibaba executive has criticized the Hong Kong stock exchange for not allowing the Chinese e-commerce giant to go public with its unusual man...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41305

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Polish priest becomes wanted suspect for sex abuse in Dominican Republic

The Dominican Republic's attorney general asked for Interpol's help in detaining a Polish priest accused of sexual abuse involving three children in t...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41304

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Abe's battle against deflation on track as prices in Japan rise by most in five years





Prices in Japan rose last month at their fastest pace in nearly five years, data showed on Friday, the latest sign that efforts to conquer years of growth-sapping deflation were taking hold.









via Business feed http://www.scmp.com/business/economy/article/1318933/abes-battle-against-deflation-track-prices-japan-rise-most-five

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Teen sent to detention center for shoving boy in drain

A teenager who trapped a boy in a drainage duct has been sentenced to a detention center. He had earlier pleaded guilty to false imprisonment and woun...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41303

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US baseball chief steps down

US Major League Baseball commissioner Bud Selig will resign in Janaury of 2015, according to several US media reports Thursday, ending a reign of mo...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41302

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Want fries with that? Why not a salad instead, McDonald's says





Hold the fries, pass the salad. McDonald’s said on Thursday it would offer healthy options as part of its popular value meals, letting customers choose a side salad, fruit or vegetables instead of french fries.









via Business feed http://www.scmp.com/business/companies/article/1318923/want-fries-why-not-salad-instead-mcdonalds-says

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Iran’s Rouhani raises possibility of extremist breeding ground emerging in Syria

Iran’s President Hassan Rouhani warned in New York that Syria could become a Islamic extremist haven like Taliban-era Afghanistan as he called for co...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41301

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Nikkei lower at break

Stocks in Tokyo edged lower, despite a positive lead from Wall Street, which snapped a five-day losing streak on upbeat jobs and housing data. The ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41300

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Loss of Alibaba IPO spurs calls for reforms of Hong Kong listing rules





Lauded by many for its principled stance in rejecting Alibaba Group’s plans to list shares, the Hong Kong Stock Exchange has left the city’s financial community fuming at a lost opportunity and re-ignited calls for market reforms.









via Business feed http://www.scmp.com/business/companies/article/1318917/loss-alibaba-ipo-spurs-calls-reforms-hong-kong-listing-rules

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Donna Karan raises a toast to 25 years

Luxury fashion label DKNY celebrated its 25th anniversary with a birthday bash featuring live performances by Rita Ora and drew many of New York's mos...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41299

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Singapore’s bottom-dwellers greater than estimated, up to 90,000 households are working poor

The number of poor people in Singapore, including those who are working and yet unable to make ends meet, is higher than government estimates indicate...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41298

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White House on collision course with lawmakers who threaten economic shutdown

US President Barack Obama said he would never allow Republican lawmakers to kill or delay his health care law, raising the stakes in a showdown that...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41297

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Energy costs fuel Japan inflation

Japan's consumer prices gained at their fastest pace in nearly five years in August, boosted by higher energy prices, government data show. Prices...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41296

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UN Security Council Syria vote likely today

The UN Security Council could vote later today on a draft US-resolution on destroying Syria's chemical weapons, a senior US official said. The vote...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41295

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Nikkei sheds gains

Stocks in Tokyo edged down in opening trade despite a positive lead from Wall Street, which snapped a five-day losing streak on upbeat jobs and housi...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41294

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Thursday, September 26, 2013

Rare shots capture eagle-deer drama

Remote cameras set up to track Siberian tigers in Russia have caught a golden eagle attack on a sika deer, snapping three photos as the massive bird d...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41291

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Japan’s Lixil acquires Grohe in US$4b deal

Japanese bathroom giant Lixil Group has agreed to buy Germany's Grohe in a US$4.1 billion deal, its second purchase in recent months and one that wo...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41290

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Audi pulls defective S6 and S7 models, watchdog cites faulty fuel lines

German car maker Volkswagen will recall 272 vehicles imported to the China due to defective fuel pressure lines, the quality watchdog said. The recal...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41289

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Singapore foreigner population halved

Singapore's population recorded its slowest pace of growth in nine years in the 12 months to June owing to “tightened foreign manpower policies,’’ go...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41288

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Aging German pedophile jailed in Cambodia for sexually abusing children

A court in Cambodia sentenced a 69-year-old German man to seven years in prison for sexually abusing two 13-year-old boys, a lawyer said. Hans Gand...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41287

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Charles Taylor’s 50-year jail term stays

A UN-backed appeals court in the Netherlands upheld Liberian ex-president Charles Taylor's 50-year sentence for arming rebels during Sierra Leone's br...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41286

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Search wars begin as Sogou sues Qihoo





Any semblance of harmony between Sohu's (Nasdaq: SOHU) Sogou online search engine and spurned suitor Qihoo 360 (NYSE: QIHU) has quickly disappeared with a new series of lawsuits between the two sides for unfair competition and defamation.









via Business feed http://www.scmp.com/comment/blogs/article/1318349/search-wars-begin-sogou-sues-qihoo

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Search wars begin as Sogou sues Qihoo





Any semblance of harmony between Sohu's (Nasdaq: SOHU) Sogou online search engine and spurned suitor Qihoo 360 (NYSE: QIHU) has quickly disappeared with a new series of lawsuits between the two sides for unfair competition and defamation.









via Business feed http://www.scmp.com/comment/blogs/article/1318348/search-wars-begin-sogou-sues-qihoo

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American drug lord captured in Phuket

Thai police say they have arrested an American man wanted by the US for allegedly running a drug trafficking network that spanned Asia and the United ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41285

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Signs of upturn in UK economy

Britain's economy grew a mere 0.7 percent in the second quarter, compared with the first three months of the year, the government said today. On an an...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41284

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Japan’s Abe confuses unscrupulous Gekko’s quick buck ethic with hard work and success

Japan's top government spokesman defended a speech by the prime minister in which he compared the career of fictional Wall Street titan-turned-crimin...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41283

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Hang Seng lower, Shanghai slumps

Stocks in Hong Kong fell 0.36 percent as traders grow concerned about a budget stand-off in Washington that could shut down parts of the US economy w...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41282

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New World Development underlying profit rises 26 per cent on higher property sales





Major Hong Kong developer New World Development said on Thursday its underlying profit for the 12 months to June rose 26.1 per cent to HK$6.33 billion.


That fell short of a consensus forecast in a Bloomberg survey of nearly HK$6.59 billion.









via Business feed http://www.scmp.com/business/companies/article/1318262/new-world-development-underlying-profit-rises-26-cent-higher

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Boozy Irish lament ugly side of Guinness salute

Ireland's love affair with pub and pint is sparking national soul-searching as never before because of an unofficial holiday dreamed up by the brewer ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41281

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Danone’s Nutricia accused of bribing China doctors





French conglomerate Danone faced fresh bribery accusations in China on Wednesday, made by a newspaper against its healthcare subsidiary Nutricia, as authorities investigate corruption among drug and dairy firms.









via Business feed http://www.scmp.com/news/china/article/1318229/danones-nutricia-accused-bribing-china-doctors

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Top appliance maker Gree plans private bank





A unit of Gree Electric Appliances plans to set up a private bank, the second Chinese home appliance player to eye a move into the financial industry, after Suning Commerce announced its own plans last month.









via Business feed http://www.scmp.com/business/companies/article/1318210/top-appliance-maker-gree-plans-private-bank

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Tehran agrees 'in principle' to chat with Washington

Iran is ready to engage in high-level talks with long-time foe the United States, Foreign Minister Mohammad Javad Zarif said in comments published b...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41280

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Abusive Japanese coach escapes jail

A Japanese court gave a suspended jail sentence to a former basketball coach for repeated physical abuse of a teenage boy who later killed himself. ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41279

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Nikkei rallies at close

Stocks in Tokyo closed 1.22 percent higher, reversing early losses as the US dollar strengthened against the yen following a report that Japan may cu...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41278

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Three charged over inhuman slavery in Wales

Prosecutors have charged three men arrested following an appalling slavery scandal in Wales that has shocked the world. The Crown Prosecution Servic...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41277

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Britain takes EU to court over cap on bankers' bonuses





Britain has launched a legal challenge to the European Union’s cap on bankers’ bonuses, which London fears will hurt its financial industry.









via Business feed http://www.scmp.com/business/banking-finance/article/1318197/britain-takes-eu-court-over-cap-bankers-bonuses

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Citi to pay Freddie Mac US$395 million to settle claims over flawed mortgages





US banking giant Citigroup announced on Wednesday an agreement to pay the Federal Home Loan Mortgage Corp (Freddie Mac) US$395 million to settle claims of potential flaws in millions of mortgages it sold the quasi-public firm.









via Business feed http://www.scmp.com/business/banking-finance/article/1318188/citi-pay-freddie-mac-us395-million-settle-claims-over

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Pakistan quake toll climbs to 350

The death toll from the earthquake in southwest Pakistan this week has soared to 350 people and more than 500 are injured, officials said. The 7.7-ma...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41276

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Icap fined US$87 millon, 3 ex-employees charged in Libor interest rate rigging probe





US and British authorities fined Icap, the world’s biggest interdealer broker, US$87 million on Wednesday and filed criminal charges against three former employees over the Libor interest rate rigging scandal.









via Business feed http://www.scmp.com/business/banking-finance/article/1318173/icap-fined-us87-millon-3-ex-employees-charged-libor

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Abenomics encourages Japanese firms to invest - abroad





Japanese Prime Minister Shinzo Abe got an early sign of how his blueprint to revive Japan’s industrial vim and economic vigour was working when two of his country’s biggest car makers unveiled US$900 million worth of investments to boost production.









via Business feed http://www.scmp.com/business/economy/article/1318151/abenomics-encourages-japanese-firms-invest-abroad

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Hang Seng lower at break

Stocks in Hong Kong slipped 0.44 percent in the morning session, following losses on Wall Street as traders fret about a budget stand-off in Washing...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41275

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Korean idol IU readies new album Modern Times

Hong Kong fans of K-Pop are in for a few more surprises next month when several new albums will be released including one by 20-year-old idol IU (pict...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41274

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Adequate recycling facilities urged

The chairman of the Council for Sustainable Development, Bernard Charnwut Chan, says the government must provide adequate recycling facilities if prop...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41273

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Wang Tau Hom blaze forces 200 to evacuate

Two hundred residents had to leave home at around 8 am after a fire in Wang Tau Hom estate. The blaze was put out after 9 am. The cause is not suspic...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41272

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Coolpad gains ground, Samsung China lead shrinks

Samsung Electronics share of the China smartphone market narrowed in the second quarter, hit by a flood of low-cost models by local rivals but maintai...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41271

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(NBA) George signs extension with Pacers

The Indiana Pacers have signed all-star Paul George to a multi-year contract extension, the National Basketball Association team announced Wednesday. ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41270

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(Football) Diego Costa to change nationality to Spain from Brazil

Atletico Madrid's Brazilian striker Diego Costa is set to change his nationality in a bid to represent Spain at the 2014 World Cup. The 24-year-old i...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41269

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PLA singer’s son Li Tianyi jailed 10 years for gang rape

A Beijing court has convicted the teenage son of two celebrity People’s Liberation Army singers of rape and sentenced him to 10 years in prison. The ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41268

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Billionaire Ellison sings praises of super cats after America’s Cup comeback triumph

Billionaire Larry Ellison (pictured) said the America's Cup series had changed the face of sailing after his Oracle Team USA completed a great comeba...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41267

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(Football) Real ride on dubious Ronaldo penalty

A dubious injury time Cristiano Ronaldo penalty was enough to move Real Madrid back to within two points of league leaders Barcelona with a 2-1 win ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41266

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(League Cup) ManU ruin Suarez return, Swansea shattered

Manchester United ruined Luis Suarez's long-awaited return from a 10-match ban for biting by beating Liverpool 1-0 in the third round of the League Cu...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41265

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Nikkei regains lost ground

Stocks in Tokyo clawed back early losses to finish 0.34 percent higher as the US dollar strengthened against the yen. The benchmark Nikkei 225 index...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41264

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Messi faces moment of truth in court over tax dodging charges

Idolized for his immense skill on the field, four-time World Footballer of the Year Lionel Messi's squeaky-clean image off the pitch will come under...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41263

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US budget uncertainty boosts gold price





Gold rose almost 1 per cent on Wednesday, boosted by some safe-haven buying caused by uncertainty over US budget talks.









via Business feed http://www.scmp.com/business/commodities/article/1318100/us-budget-uncertainty-boosts-gold-price

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US seeks to restart sales of chicken parts after WTO rules against Chinese duties





The United States called on China on Wednesday to reopen its market to US chicken broiler parts following the formal adoption by the World Trade Organisation of a ruling against Beijing in the four-year-old dispute.









via Business feed http://www.scmp.com/business/china-business/article/1318087/us-seeks-restart-sales-chicken-parts-after-wto-rules-against

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Wal-Mart shares drop after report retailer is cutting orders from suppliers





Wal-Mart Stores shares fell 1.5 per cent on Wednesday after a report by Bloomberg said the retailer is cutting orders with suppliers this quarter and next quarter to address rising inventories.









via Business feed http://www.scmp.com/business/companies/article/1318075/wal-mart-shares-drop-after-report-retailer-cutting-orders

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Scottish, Irish cocaine mules told to come clean

A Peruvian prosecutor said the two women from Scotland and Ireland caught trying to smuggle 11 kilos of cocaine out of the country in suitcases would...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41262

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Venezuela’s Maduro skips UN meet over risks

Venezuelan President Nicolas Maduro said he scrapped his plan to take part in the UN General Assembly in New York to “protect my life'' after purport...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41261

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(America’s Cup) New Zealand PM says it all: ‘Bugger’

Despondent New Zealanders ruefully acknowledged they fell victim to one of sport's greatest comebacks after Oracle Team USA completed a stunning Amer...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41260

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(America’s Cup) 'We thought we would make it exciting.'

The following are key quotes following the USA team's improbable comeback to win the America's Cup and claim the Auld Mug trophy by beating New Zeal...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41259

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(America’s Cup) Cynical New Zealanders hit new lows

Emirates Team New Zealand, which had earlier cynically asked Team USA boss Russell Coutts to congratulate them, was left shaking their heads and wonde...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41258

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(America’s Cup) Oracle rewrites the script

Skipper Jimmy Spithill and Oracle Team USA won the America's Cup with one of the greatest comebacks in sports history Wednesday. (Pictured, billionair...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41257

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Bolivia’s Morales makes case for removing UN from New York away from global bully

Bolivia's outspoken President Evo Morales urged that UN headquarters be moved from New York because of US “blackmail'' and bullying. Socialist Mora...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41256

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Hang Seng retreats

Stocks in Hong Kong shares fell 0.45 percent in early trade following more losses on Wall Street as investors grow nervous about a budget stand-off ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41255

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JPMorgan in talks to settle government probes for US$11b





JPMorgan Chase is in talks with government officials to settle federal and state mortgage probes for US$11 billion, two people familiar with the matter said on Wednesday.









via Business feed http://www.scmp.com/business/banking-finance/article/1318060/jpmorgan-talks-settle-government-probes-us11b

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Wednesday, September 25, 2013

Thais profit from US$10 Myanmar and Cambodian slaves running US$7b fishing business

Sifting through sardines at a port in southern Thailand, Shi-Jai is one of thousands of migrant workers from Myanmar and Cambodia – including women a...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41229

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Samsung ready for curved smartphone

Samsung said it would unveil a smartphone with a curved display next month. Such displays are at a nascent stage, however. “We will introduce a sm...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41228

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Chinese launch seen for regional version of Airbus A330





Airbus will launch a short-range “Regional” version of its best-selling A330 wide-bodied jet at an airshow in China on Wednesday, industry sources said.









via Business feed http://www.scmp.com/business/companies/article/1317506/chinese-launch-seen-regional-version-airbus-a330

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Nikkei closes lower

Stocks in Tokyo ended 0.76 percent lower, as investors worry about a battle over US budget funding which threatens to shut down parts of the world's ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41227

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230 perish in Pakistan earthquake

Pakistan's military rushed to reach the scene of an earthquake that killed more than 230 people and toppled thousands of mud-built homes when it hit ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41226

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Beijing toddler killer’s death wish granted

A man who killed a two-year-old girl by throwing her to the ground was sentenced to death by a Beijing court today. Han Lei, 39, grabbed the girl fro...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41225

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Journalist Anthony Lawrence dies at 101

Veteran journalist and broadcaster, Anthony Lawrence, has died at the age of 101. A long-time Hong Kong resident, Lawrence was a former BBC correspond...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41224

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Sex beast in Wales jailed for continuing `campaign of sexual violence' against young girl

A young father of four in Wales who abused and raped a child under 13 over several years has been jailed for 15 years by a court, a media report said....



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41223

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China jet maker delays shipment again

China's commercial jet maker has again pushed back the delivery date of the country's first modern airliner. The plane was expected late this year bu...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41222

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Asiana under probe for post-crash plan

Federal transportation officials are investigating whether Asiana Airlines failed to support the families of passengers after one of its planes crashe...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41221

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Dallas woman kills husband, sons

A woman in Texas shot dead her husband and three sons at home before killing herself, authorities said Tuesday. It was 33-year-old Guadalupe Ronquill...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41220

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In Syria's Aleppo guns are a sure fire business

While most Syrians suffer in war, Aleppo's main gun seller Abu Mohammad is doing just fine by selling firearms, including rocket-propelled grenades, ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41219

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Views sought on mandatory drug-testing

The Action Committee Against Narcotics has launched a four-month consultation on introducing mandatory drug-testing. The move is aimed at identifying ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41217

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Hang Seng up by lunch

Stocks in Hong Kong edged up 0.13 percent by the break following losses in the previous two sessions. The benchmark Hang Seng Index rose 31.20 points...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41216

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Scandal-tainted Fonterra reports revenue slide

A drought impacted yearly revenue at New Zealand dairy giant Fonterra, but the company whose products were banned in China, said Chinese demand for mi...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41215

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Showtime at Las Vegas gambling expo

The world's largest gambling conference got under way in Las Vegas, Nevada attracting chain smoking businessmen and glittery performers dressed as cha...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41214

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Timothy Tong denies cover-ups of trip details

Former ICAC commissioner, Timothy Tong, who has come under public scrutiny for his extravagant spending on trips, dining and wine, has defended himsel...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41213

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Pakistan quake kills 173, injures 300

The death toll from a powerful earthquake that struck a remote part of southwestern Pakistan jumped to 173 today, officials said, as rescue teams rus...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41212

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Cruise operator Carnival warns of possible loss, shares sink





Carnival Corp warned it could report an adjusted loss for the current quarter, after posting a 30 per cent fall in third-quarter profit due to a series of headline-grabbing mishaps on its cruise ships.









via Business feed http://www.scmp.com/business/companies/article/1317423/cruise-operator-carnival-warns-possible-loss-shares-sink

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Female Irish and Scottish cocaine mules plead guilty in bid for lenient term in Peru

Two young British women arrested trying to smuggle 24 pounds of cocaine out of Peru in their luggage pleaded guilty Tuesday to drug trafficking charge...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41211

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Dalian Wanda Group boss richest Chinese developer

Wang Jianlin, founder and chairman of Dalian Wanda Group, topped the ranking of China’s 50 richest property developers for the third time in four year...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41210

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113 countries sign deal to end sexual violence

Ministers from 113 countries have signed a declaration pledging new action to end sexual violence in conflict. British Foreign Secretary William Hagu...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41209

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(NHL) Toronto's Kessel banned for three games

The National Hockey League slapped Toronto star Phil Kessel with a three-game suspension Tuesday in the aftermath of the Toronto-Buffalo line brawl tw...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41208

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Fiat chief’s dealmaking record at stake with Chrysler offering





Fiat boss Sergio Marchionne’s decision to push ahead with a Chrysler IPO he does not want has raised the stakes in a buyout dispute with the US carmaker’s minority shareholder - as well as for his own legacy.









via Business feed http://www.scmp.com/business/companies/article/1317413/fiat-chiefs-dealmaking-record-stake-chrysler-offering

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By going private, Blackberry may buy time to fix itself





A tentative deal to take BlackBerry private will not necessarily resolve challenges that pushed the smartphone maker into a corner in the first place, but it gives the struggling company some breathing room.









via Business feed http://www.scmp.com/business/companies/article/1317406/going-private-blackberry-may-buy-time-fix-itself

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Discipline agency receives 760 online tip-offs daily

An official website opened by the Communist Party of China's discipline agency has received a daily average of 760 tip-offs about corruption since its...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41207

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Banks keen to set up in pilot FTZ

Domestic and overseas commercial banks in Shanghai are keen to establish outlets in the free trade zone that is set to open on Sunday. The big five s...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41206

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Chilling in South China

Plunging temperatures and heavy rain will hit China's southern provinces over the next few days as a strong cold front moves southward, the country's ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41205

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A tantalizing diplomatic dance at the UN between foes

The US and Iranian presidents, Barack Obama and Hassan Rowhani, came agonizingly close to a historic handshake Tuesday at the UN, officials said. “...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41204

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Nikkei backtracks

Stocks in Tokyo were down 0.39 percent, tracking losses on Wall Street as a battle over US budget funding threatens to dent a recovery in the world's...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41203

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Iran’s Rowhani decries warmongers, defends nuke rights

Iran's new president told world leaders Tuesday the biggest danger in the Middle East is chemical weapons falling into the hands of “extremist terrori...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41202

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BlackBerry? Like, so not cool, say young users





If you want to know how BlackBerry lost its mojo in a major consumer market, spend some time with a bunch of British teens.









via Business feed http://www.scmp.com/business/companies/article/1317387/blackberry-so-not-cool-say-young-users

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JPMorgan in talks to settle mortgage probes: source





JPMorgan Chase, facing several investigations into its mortgage practices, is seeking a global settlement with US government authorities in multiple jurisdictions, a person familiar with the matter said on Tuesday.









via Business feed http://www.scmp.com/business/banking-finance/article/1317379/jpmorgan-talks-settle-mortgage-probes-source

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Michael Jackson lawyer suggests AEG, Murray are mercenaries

A lawyer for Michael Jackson's family portrayed concert promoter AEG Live and Jackson's doctor as mercenaries who sacrificed the pop star's life in a ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41201

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California snaps back at paparazzi

Paparazzi and others who harass the children of public figures will face tougher penalties under legislation the governor of the US state of Californ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41200

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Wells Fargo fails to end US mortgage fraud lawsuit





A federal judge has rejected Wells Fargo & Co’s bid to dismiss a US government lawsuit accusing the nation’s largest mortgage lender of fraud, a victory for federal investigators pursuing cases tied to the recent housing and financial crises.









via Business feed http://www.scmp.com/business/banking-finance/article/1317378/wells-fargo-fails-end-us-mortgage-fraud-lawsuit

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Burger King debuts lower-fat french fries





Burger King Worldwide, known for its “Whopper” hamburgers, has introduced lower-fat french fries as consumer groups and nutrition experts in the United States increase pressure on the food industry to offer healthier alternatives.









via Business feed http://www.scmp.com/news/world/article/1317374/burger-king-debuts-lower-fat-french-fries

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Five hours and counting … US lawmaker Ted’s talk fest continues

An American senator began an old-style speaking marathon over US President Barack Obama's health care law Tuesday, even though fellow Republicans urge...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41199

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China brings back 10 crime suspects

Police in China have repatriated 10 suspects who are allegedly involved in major economic crimes and have been hiding in Southeast Asia. According to...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41198

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Applied Materials, Tokyo Electron deal to create giant





Applied Materials will buy rival Tokyo Electron Ltd in an all-stock deal valued at more than US$7 billion, combining the No.1 and No.3 makers of chip-making gear as demand for their products slows and it gets tougher to turn a profit.









via Business feed http://www.scmp.com/business/companies/article/1317351/applied-materials-tokyo-electron-deal-create-giant

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Tel Aviv rejects Iran's nuke stance

Israel Prime Minister Benjamin Netanyahu blasted Iran President Hassan Rowhani for making what he described as a “cynical speech that was full of hyp...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41197

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Hang Seng inches up

Stocks in Hong Kong inched up 0.15 percent in early trade, but gains were capped by fears about a Washington budget row that could see parts of the ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41196

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(Football) Chelsea and City sail through in League Cup

Chelsea, Manchester City and Tottenham Hotspur breezed into the League Cup fourth round Tuesday, while Sunderland began life without Paolo Di Canio b...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41195

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(Football) Neymar opens league account in Barca rout

Neymar scored his first league goal and helped Barcelona ease past Real Sociedad 4-1 in the Spanish league Tuesday and stay perfect after six rounds. ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41194

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(Football) Lowly Morton kick Celtic out to touch

Celtic's dreams of a domestic treble were dashed Tuesday when they were stunned 1-0 by second-tier strugglers Morton in the third round of the Scott...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41193

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(America’s Cup) One final race for cup decider

The longest America's Cup in history will come down to two 72-foot, space-age catamarans making a final sprint around San Francisco Bay in the US, on ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41192

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Nikkei negative

Stocks in Tokyo opened 0.13 percent lower tracking losses on Wall Street as the deadline for funding the US government looms. The Nikkei 225 index at...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41191

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Iran president deplores Israel creation, all crimes against humanity

Iran President Hassan Rowhani condemned the Holocaust as “reprehensible'' in a new sign of change by Tehran. “Any crime that happens in history aga...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41190

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Kenya mourns after finishing off evil Islamic extremists

Kenyan President Uhuru Kenyatta announced that a four-day siege by Islamist gunmen of a Nairobi shopping mall partly owned by Israelis, was over, wit...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41189

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US Treasury says borrowing tussle could push Washington into uncharted territory

US Treasury Secretary Jacob Lew branded as unacceptable tactics by Congressional Republicans that could force the government to default on its obliga...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41188

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Tuesday, September 24, 2013

(NFL) Manning punches holes in Raiders defense

Quarterback Peyton Manning, who threw seven touchdowns in Denver's opener, tossed another three Monday night, and the Broncos routed the Oakland Rai...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41165

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Usagi forces 8,000 to evacuate in Hunan

More than 8,000 people in central China's Hunan Province have been relocated as downpours triggered by typhoon Usagi swept the area starting on Monday...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41164

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Singapore home to world’s biggest, most aggressive football match-fixing criminal gang

A football match-fixing ring based in Singapore was the world's “largest and most aggressive,’’ the Interpol chief said in remarks published today af...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41163

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KKR returns to China’s dairy industry with CDH, Modern Dairy venture





KKR is leading a joint venture that plans to invest US$140 million in two large dairy farms in China, said a person with direct knowledge of the matter, as the private equity firm returns to the fast-growing sector.









via Business feed http://www.scmp.com/business/companies/article/1316762/kkr-returns-chinas-dairy-industry-cdh-modern-dairy-venture

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Ben Johnson relives Seoul disgrace with anti-drug message

Disgraced Canadian drugs cheat Ben Johnson returned to Seoul's Olympic Stadium – 25 years to the day of the steroid-assisted 100m final victory that...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=41162

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Whistleblower: Banks may be laundering poker money





A banker who stood up against an online gambling operation was the star of an anti-money-laundering conference in Las Vegas on Monday.









via Business feed http://www.scmp.com/business/banking-finance/article/1316743/whistleblower-banks-may-be-laundering-poker-money

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Chrysler files for IPO, forced by UAW trust





Chrysler Group filed paperwork on Monday for an initial public offering of up to US$100 million, an action that could slow majority owner Fiat’s plans to take full ownership of the US automaker.









via Business feed http://www.scmp.com/business/money/stock-talk/article/1316714/chrysler-files-ipo-forced-uaw-trust

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