Friday, May 30, 2014
Japan consumer spending, factory output skid after rise in sales tax
Japan’s household spending fell at the fastest rate in three years last month in a sign that consumption could be slow to recover from an increase in the nationwide sales tax, raising questions over the pace of economic recovery.
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Thursday, May 29, 2014
Mercedes less wary about sharing know-how as it steps up push into China
Battling to catch up with German rivals in China, luxury carmaker Daimler is shifting gears, giving authorities there unprecedented access to new Mercedes models and even tailoring engines destined for its home market to Chinese regulations.
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Key role in Pearl River Delta will ensure Hong Kong’s future, author says
That Hong Kong is losing ground against regional rivals Shanghai, Singapore and even Seoul is a given among some business leaders and politicians, who are quick to blame the city’s declining competitiveness and its whingeing youth.
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Wednesday, May 28, 2014
Is the customer always right?
The customer is always right: this is the mantra repeated by every bright spark who thinks that flattery will get you everywhere.
They may be right but, in the famous words of Evelyn Waugh’s fictional tame editor, only “up to a point”.
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Tuesday, May 27, 2014
Gaps to be filled in jumbo Sino-Russian gas deal
The US$400 billion (HK$3.1 trillion) 30-year Sino-Russian gas agreement inked last week by the two nation’s state-backed energy giants was hailed by analysts as a win-win deal, but some unknowns could affect the sharing of benefits and risks.
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Beijing urged to comply with Foreign Account Tax Compliance Act
Hong Kong financial institutions with mainland affiliates are hoping Beijing signs an agreement with Washington soon on a new US tax disclosure law, because of concerns mainland financial institutions will otherwise find it difficult, if not impossible, to comply with the
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Monday, May 26, 2014
Xi Jinping's visit to Shanghai zone gives new hope to economic reform
The Shanghai free-trade zone, which has so far received mixed feedback from foreign investors since it was launched last October, finally won its biggest supporter last Friday - a surprise first-time visit by President Xi Jinping.
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Sunday, May 25, 2014
Saturday, May 24, 2014
China Travel's Wang Shuaiting sent hand-written letter of resignation
Wang Shuaiting personally hand-wrote a letter to China Travel International Investment Hong Kong asking to resign as chairman of the Hong Kong-listed company for "personal reasons", China Travel's executive director Xu Muhan revealed yesterday at a press conference.
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Mainland security checks on hi-tech systems could favour domestic suppliers
Beijing's plan for more stringent checks of information-technology products and services is not expected to be implemented soon, but analysts see the potential of major government and business purchases favouring domestic suppliers.
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International Monetary Fund warns Hong Kong over mainland exposure
The mainland is now Hong Kong's most systemically important exposure in terms of a potential shock to interbank markets, the International Monetary Fund said yesterday, urging the city's de facto central bank to remain focused on mainland lending exposures
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Friday, May 23, 2014
Mapping global cultural differences offers advantages in business
Today, whether we work in Dusseldorf or Dubai, Brasília or Beijing, New York or New Delhi, we are all part of a global network (real or virtual, physical or electronic) where success requires navigating through wildly different cultural realities.
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Gas stocks rise after Russian supply deal
Shares of mainland gas distributors rose yesterday after Beijing signed a long-awaited US$400 billion gas import deal with Russia that is expected to boost their sales, but investor concern weighed on PetroChina, a potential importer party to the deal.
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