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Apple hires Carnegie Mellon AI academic in push into machine learning

6 hours 25 min ago

Draghi tipped to embrace more easing in Europe due to weak inflation

7 hours 31 min ago

China excavator sales surge 71 per cent in September amid infrastructure pickup

9 hours 10 min ago

Uniqlo targets 100 more stores in Greater China expansion

10 hours 12 min ago

China’s local debt-for-equity swap raises doubts over ‘market discipline’

Apple hires Carnegie Mellon AI academic in push into machine learning

Apple hires Carnegie Mellon AI academic in push into machine learning

New

Apple hired a prominent artificial intelligence researcher from Carnegie Mellon University as it seeks to regain lost ground against competitors such as Google, Microsoft and Amazon.com in machine learning.

18 Oct 2016 - 4:27am More on Apple

Draghi tipped to embrace more easing in Europe due to weak inflation

Companies

Draghi tipped to embrace more easing in Europe due to weak inflation

18 Oct 2016 - 1:19am More on European Central Bank

Companies

China excavator sales surge 71 per cent in September amid infrastructure pickup

18 Oct 2016 - 12:12am

Japanese apparel retailer sees opportunity in catering to growing popularity of travel among China’s fast-growing middle class

Companies

Uniqlo targets 100 more stores in Greater China expansion

17 Oct 2016 - 11:16pm More on Uniqlo

China’s local debt-for-equity swap raises doubts over ‘market discipline’

Banking & Finance

China’s local debt-for-equity swap raises doubts over ‘market discipline’

17 Oct 2016 - 10:55pm

More Headlines

The last thing a global economy in peril needs is the spectre of rising trade protectionism

Wanda poaches Magic Kingdom’s former Hong Kong chief wizard to expand its China theme parks

Corporate geniuses often make the daftest mistakes – but remember greed can have a stronger sway than rationality

China markets drop suddenly as B shares plunge 6 per cent on yuan fears

Hong Kong a free economy? Don’t make me laugh

Shenzhen-Hong Kong Stock Connect kicks off three-week test ahead of November launch

New rule on debt-for-equity adds risk to process, warn analysts

Birmingham International to resume trading on Monday

Li Ruigang, the founder of China Media Capital and the new vice-chairman of TVB. Photo: Reuters

Companies

China media mogul Li Ruigang becomes vice-chairman of Hong Kong’s TVB

17 Oct, 11:22pm

From left: Vanguard head of Greater China Charles Lin, Vanguard managing director Linda Luk, and Vanguard head of Asia portfolio review James Martielli. Photo: SCMP Handout

Business

Investment group Vanguard slashes fees for Hong Kong-listed ETFs

17 Oct, 11:00pm

Crown Resort shares post record fall as China detains casino staff

China Business

Crown Resort shares post record fall as China detains casino staff

17 Oct, 8:59pm 1

Employees work at a sorting centre of Zhongtong (ZTO) Express ahead of the Singles Day shopping festival, Chaoyang District, Beijing, November 8, 2015. On China's giant Singles Day internet shopping festival, the country's delivery firms are stretched so thin that they are looking for tie-ups, listings and new investors to husband their resources. E-commerce has been a huge boon to the logistics industry, but the ever-bigger Singles Day, run by leading online market company Alibaba Group Holding Ltd on Nov. 11 every year, exacerbates the industry's twin dilemmas of cut-throat competition and rising labor costs. With low barriers to entry, express couriers proliferated rapidly over the past decade to more than 8,000 firms, squeezing profit margins to about 5 percent, down from 30 percent 10 years ago, according to analysts. Photo: Reuters

Money

ZTO Express Targets Biggest China IPO in U.S. Since Alibaba

17 Oct, 8:54pm

Macau gaming stocks fell sharply, with Galaxy Entertainment down 4.2 per cent to HK$29.3, Sands China falling 3.3 per cent to HK$33.85 and Melco slumping 7.1 per cent to HK$9.55. Photo: AFP

Companies

Hong Kong stocks fall as Macau casinos take a hit from Crown Resorts arrests

17 Oct, 11:18pm

Hong Hao, managing director and chief strategist at Bocom International, says the yuan could face heavy pressure next year, probably weakening by another 10 per cent. Photo: Reuters

China Business

Markets divided on yuan’s direction

17 Oct, 11:18pm 3

Presented Channels

Opinion

It will take more than Beijing’s latest remedies to fix Macau’s troubles

Jake Van Der Kamp

Jake Van Der Kamp

It will take more than Beijing’s latest remedies to fix Macau’s troubles

17 Oct 2016 - 10:55pm

Hong Hao, managing director and chief strategist at Bocom International, says the yuan could face heavy pressure next year, probably weakening by another 10 per cent. Photo: Reuters

Cathy Zhang

Markets divided on yuan’s direction

17 Oct 2016 - 11:18pm 3

Chinese President Xi Jinping addresses a work conference on the role of the Communist Party within state-owned enterprises in Beijing on Tuesday. Photo: Xinhua

Economy

Communist Party the top boss of China’s state firms, Xi Jinping asserts in rare meeting

13 Oct 2016 - 12:08am 7

Alibaba wants to serve 2 billion consumers and create 100 million jobs over next 20 years, according to statement ahead of annual shareholders meeting

China Tech

E-commerce will become a ‘traditional’ business, says Alibaba’s Jack Ma

13 Oct 2016 - 10:52pm

President Xi Jinping’s speeches on the same day risked giving mixed messages. Photo: Simon Song

Politics

What mixed signals on TV say about China’s on-again, off-again state firm reforms

16 Oct 2016 - 4:02pm 7

Chinese companies pivot in overseas M&A activity, targeting healthcare, hotels and other value-added industries

Companies

Chinese companies pivot in overseas M&A activity, targeting healthcare, hotels and other value-added industries

13 Oct 2016 - 5:10pm

Chinese smartphone makers are poised to fill the void left by the demise of Samsung’s Note 7. Photo: Simon Song

China Tech

Chinese smartphone makers tipped to fill gap left by Note 7

13 Oct 2016 - 10:52pm

Stock Quotes

FOREX

ETF

Zhou Xiaochuan, governor of the People's Bank of China, says China can think about learning from the euro zone’s experience in differentiated fiscal policy. Photo: Bloomberg

Economy

‘Learn from the euro zone’: China’s central bank chief hints at more fiscal power for provinces

Monday, 10 October, 2016, 7:08am READ NOW

Share Focus

Macau gaming stocks fell sharply, with Galaxy Entertainment down 4.2 per cent to HK$29.3, Sands China falling 3.3 per cent to HK$33.85 and Melco slumping 7.1 per cent to HK$9.55. Photo: AFP

Companies

Hong Kong stocks fall as Macau casinos take a hit from Crown Resorts arrests

17 Oct 2016 - 11:18pm

Archive

Markets divided on yuan’s direction

China markets drop suddenly as B shares plunge 6 per cent on yuan fears

Brokerages in mass dash to raise fresh funds

Hong Kong stocks rebound on upbeat China inflation data

Macroscope

A billboard in Taipei showing global stock indices. Photo: AFP

Business

The last thing a global economy in peril needs is the spectre of rising trade protectionism

17 Oct 2016 - 10:53pm

Archive

Britain’s decision to go for a ‘hard’ Brexit promises rough ride ahead

Engine of US jobs growth ticking over, but dashboard warning lights starting to flash

Lawmakers and central bankers heading for a clash over super-easy money

Britain benefitting from its battered pound, but this is just the calm before the storm

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Companies

Apple hires Carnegie Mellon AI academic in push into machine learning

Enterprises

Apple hires Carnegie Mellon AI academic in push into machine learning

Apple hired a prominent artificial intelligence researcher from Carnegie Mellon University as it seeks to regain lost ground against competitors such as Google, Microsoft and Amazon.com in machine learning.

18 Oct 2016 - 4:27am More on Apple

Japanese apparel retailer sees opportunity in catering to growing popularity of travel among China’s fast-growing middle class

Companies

Uniqlo targets 100 more stores in Greater China expansion

17 Oct, 11:16pm

Li Ruigang, the founder of China Media Capital and the new vice-chairman of TVB. Photo: Reuters

Companies

China media mogul Li Ruigang becomes vice-chairman of Hong Kong’s TVB

17 Oct, 11:22pm

Macau gaming stocks fell sharply, with Galaxy Entertainment down 4.2 per cent to HK$29.3, Sands China falling 3.3 per cent to HK$33.85 and Melco slumping 7.1 per cent to HK$9.55. Photo: AFP

Companies

Hong Kong stocks fall as Macau casinos take a hit from Crown Resorts arrests

17 Oct, 11:18pm

An interior view of Wanda Movie Park in Wuhan. Photo by Simon Song

Companies

Wanda poaches Magic Kingdom’s former Hong Kong chief wizard to expand its China theme parks

17 Oct, 10:55pm

Testing on a new scheme to link share trading between the Shenzhen and Hong Kong stock exchanges starts testing on Monday. If all goes to place, the Stock Connect system between the cities will go live November 21. Photo: EPA

Companies

Shenzhen-Hong Kong Stock Connect kicks off three-week test ahead of November launch

17 Oct, 9:41am

Carson Yeung Ka-sing appears at the Court of Final Appeal in Central in May. Photo: Sam Tsang

Companies

Birmingham International to resume trading on Monday

16 Oct, 9:55pm

Draghi tipped to embrace more easing in Europe due to weak inflation

Companies

Draghi tipped to embrace more easing in Europe due to weak inflation

18 Oct 2016 - 1:19am More on European Central Bank

Companies

China excavator sales surge 71 per cent in September amid infrastructure pickup

18 Oct 2016 - 12:12am

More Companies News

For China’s insurers, distribution channels are where the money can be found

Samsung sees US$5.3 billion profit hit from Note 7 smartphone fiasco

Huaneng Power International unveils 15 billion yuan plants acquisition from parent

Markets

Chart of the day: Aluminium alert

Markets

Chart of the day: Aluminium alert

16 Oct 2016 - 10:17pm More on Chart Book

Safe haven asset set to shine in last quarter of 2016

Markets

It may be time to buy gold: HSBC

15 Oct, 12:33am 1

Declaration rejects Donald Trump’s approach to world’s second biggest economy

Markets

China not a currency manipulator: Obama Treasury Department

15 Oct 2016 - 5:47am More on Yuan

China crude imports climb to record top; storage capacity expanded

Markets

China crude imports climb to record top; storage capacity expanded

14 Oct, 4:25am

More Markets News

Fizzling Chinese economy and global uncertainty sparks copper fall and gains in gold

Chart of the day: Yuan on sharp post-holiday move

Hong Kong investor confidence in global economy at lowest point in a decade, says JP Morgan

US dollar charges to 7-month peak as Fed minutes show it is close to hiking rates

US Fed close to rate hike but doubts linger on inflation

Saudi Arabia sees oil reserves lasting 70 years

Goldman Sachs warns China’s currency outflows may be worse than they look

A residential construction site in Beijing. Analysts suggest that property market curbing measures by the government might now prompt a huge movement of investor capital into equities instead. Photo: Reuters

Markets & Investing

Wave of property curbing measures set to spark a nationwide flight to equities

Monday, 10 October, 2016, 10:49pm READ NOW

Global Economy

*One time use only* Business deal - Closeup of a handshake against blur background

Global Economy

Right partnerships can help businesses script success stories

14 Oct 2016 - 9:55pm More on Management

Investors are interested in student housing as it has proven itself to be a resilient asset class to date, said industry experts. Photo: David Wong

Hong Kong & China

Investors in student rental housing hunt for new growth pastures in mainland Europe

11 Oct, 11:05pm 1

Poles apart? Theresa May (left) and German Chancellor Angela Merkel after talks at the Chancellery in Berlin in July. Merkel has explicitly insisted that single market access requires full acceptance of the four freedoms of movement of labour, capital, goods and services. The same sentiments prevail among many member states. Photo: Reuters.

Global Economy

Britain’s decision to go for a ‘hard’ Brexit promises rough ride ahead

12 Oct 2016 - 10:53pm More on Macroscope

Many are wondering just what effect the US presidential election will have on the country’s economy. Photo: AFP

Global Economy

Engine of US jobs growth ticking over, but dashboard warning lights starting to flash

11 Oct, 10:41pm

More Global Economy News

US job growth slows and clouds case for rate hike by Federal Reserve

British international trade minister says crashing pound is “not unwelcome”

China to pursue consumption-driven economy: PBOC’s Yi

Hong Kong’s real problem is not shortage of homes, but affordability of homes

Chinese banks rise in M&A advisory rankings

Snapchat shows why being a product company is a dangerous idea

Overseas assets at China’s big five banks close to 10 trillion yuan, but they are still playing catch up

China Economy

Indian Prime Minister Narendra Modi and Chinese President Xi Jinping attend a BRICS Summit in Benaulim, in Goa, India, on the weekend. Photo: Reuters

Economy

Global economy in precarious state, Chinese president tells BRICS summit

16 Oct 2016 - 6:32pm

Economists warn China’s cooling policies are not enough to solve basic issues in the property market. Photo: AFP

Economy

China’s latest quick property fix ‘skin deep’ – fails to tackle frenzy’s foundations, analysts say

16 Oct, 11:02pm

President Xi Jinping’s speeches on the same day risked giving mixed messages. Photo: Simon Song

Politics

What mixed signals on TV say about China’s on-again, off-again state firm reforms

16 Oct 2016 - 4:02pm 7 More on China Economy

Economy

Taco Bell’s Chinese foray to test appetite for nacho cheese

16 Oct, 12:52am 4

More China Economy News

How Chinese goods became a victim of Pakistani militants

Positive signs as China’s prolonged industrial deflation finally ends after demand grows for coal, steel

China’s September trade growth weaker than expected, failing to retain recovery

Communist Party the top boss of China’s state firms, Xi Jinping asserts in rare meeting

Li Keqiang hails third-quarter performance as China economy steps out of slump

Beijing is trying to damped soaring residential prices in major cities such as Shenzhen. Photo: EPA

Economy

Chinese government plays hardball with dishonest property agents and developers

16 Oct, 12:11am 6

Money & Wealth

Chinese investors face restrictions on moving cash overseas. Photo: AFP

Money & Wealth

Property market boosted, but outbound investment hit as China restricts flow of cash out of country

17 Oct 2016 - 11:30pm More on China Economy

Still number one: Wang Jianlin, chairman of Wanda Group and still China’s wealthiest man. Photo: AP

Money & Wealth

Wang Jianlin is still China’s wealthiest man, with 215 billion yuan fortune

14 Oct, 1:01am

More Money & Wealthy News

Perfect World plunges on first day back trading since acquiring cinema assets

Detentions of scores of mainlanders at Jeju airport could tarnish South Korea’s popularity with Chinese tourists

China’s forex reserves fall more than expected in September, by US$18.8b

Once inspired by the West, best-selling Chinese artist Zeng Fanzhi turns back to his roots

Overseas assets at China’s big five banks close to 10 trillion yuan, but they are still playing catch up

People wait for tickets at a ticket office of a movie theatre in Wuhan, Hubei province. Box office receipts were down over the National Day holiday. Photo: Reuters

Money & Wealth

Chinese holiday box office takings down as movie bubble bursts

11 Oct, 7:02am

Wine is making a comeback in China as affluent young people develop a taste for it. Photo: Bloomberg

Money & Wealth

China team’s victory hits wine-tasting world like a ‘thunderbolt’

10 Oct, 11:57pm

Brokers are increasingly having to compete with the prospect of automated brokers and chatbots. Photo: Nora Tam

Markets

Fighting for scraps: Hong Kong’s brokers compete as transaction value shrinks

Monday, 10 October, 2016, 9:57pm READ NOW

Property

Companies

China excavator sales surge 71 per cent in September amid infrastructure pickup

18 Oct 2016 - 12:12am

Ninety-two units have been released in Wheelock’s Napa in Tuen Mun at prices ranging from HK$9,563 to HK$13,014 per sq ft, not far above the cost of construction and land acquisition, the developer says

Hong Kong & China

Wheelock Properties launches initial batch of flats in Tuen Mun project at close to development cost

13 Oct, 10:52pm 2

The Galaxy Dante in Huizhou, 70km from Shenzhen, which buyers hope will benefit from the planned Eastward Shift Strategic Action Plan, which involves accelerating the regional economic integration of Shenzhen and its eastern neighbours Huizhou and Dongguan. Photo: Summer Zhen

Business

Even owning a home 70km from Shenzhen is becoming a faraway dream for those working there

16 Oct 2016 - 10:42pm

Home buyers outside a property agency in Shenzhen. Photo: Lai Xinlin

Hong Kong & China

Underground down payment loans cast a shadow over government’s efforts to curb property lending

13 Oct, 10:30pm

More on Property Policies

Magnificent Hotel Investments chairman William Cheng Kai-ming in Causeway Bay on September 28, 2016. Photo: Sam Tsang

Hong Kong & China

This hotel executive has an instant solution to help tackle Hong Kong’s ‘outrageous’ home prices

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Democratic presidential nominee Hillary Clinton addresses a voter registration rally at Zenbo Shrine in Harrisburg, Pennsylvania. Photo: AFP

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Why Hillary Clinton is a bigger concern for China than Donald Trump

15 Oct 2016 - 9:00pm 21

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Samarkand: the cultural crossroads of Central Asia that few people have heard of, and you'll never forget

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The pan-dem dilemma: run and lose in chief executive contest or play a tactical game?

16 Oct 2016 - 10:37pm 7

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Bersih, a coalition of Malaysian NGOs and activist groups, are planning a November 19 rally in the capital to demand the scandal-tainted prime minister's resignation. Photo: AFP

Politics

Clean and fair elections? Malaysia may be pushing the boundaries

16 Oct 2016 - 10:00am 5

Devastating drought leaves herders struggling to find enough feed to keep livestock alive through winter

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Why grass now costs more than sheep on China’s vast Inner Mongolian prairie

15 Oct 2016 - 11:25pm 3

Chinese President Xi Jinping sits on a swing with Indian Prime Minister Narendra Modi at a riverside park in Gujarat in 2014. Photo: Xinhua

Geopolitics

China-India-Pakistan triangle: When Xi meets Modi, a little less love this time

17 Oct 2016 - 6:15pm 7

Chinese community in the Philippines has high hopes for Duterte's China visit

Asia

Chinese community in the Philippines has high hopes for Duterte's China visit

Oct 17th 2016, 2:00pm

Democratic presidential candidate Hillary Clinton made the comments during a speech to Goldman Sachs, according to Wikileaks. Photo: AFP

China

If Beijing can claim South China Sea, US can call Pacific ‘American Sea’, says Clinton in leaked speech

13 Oct 2016 - 11:16pm 39

A Cambodian passes portraits of Chinese President Xi Jinping and Cambodian King Norodom Sihamoni in Phnom Penh, Cambodia ahead of Xi’s visit. Photo: EPA

Geopolitics

Why Cambodia is pinning its hopes on Chinese president’s visit

13 Oct 2016 - 5:10pm

China

Familiarity and contempt: Hillary Clinton’s 21-year relationship with China

12 Oct 2016 - 1:43am 16

Women walk in front of a mural of missing Flight MH370 in Shah Alam, Malaysia. Photo: AFP

Culture

Air crash investigator’s ‘zombie flight’ theory on MH370 mystery

9 Oct 2016 - 6:30am 2