Asset theft is top economic crime in China

Asset theft is top economic crime in China

Friday, February 28, 2014 – 10:07

China Daily/Asia News Network

CHINA – China’s economic crime rate may be lower than that of the world, but many companies in the Chinese mainland are extremely concerned about bribery, corruption and procurement fraud, according to a PwC survey released on Thursday. Read more of this post

China’s Leaders Take Aim at Internet Security

China’s Leaders Take Aim at Internet Security

Xi, Other Top Communist Party Officials to Helm New Committee

PAUL MOZUR

Updated Feb. 27, 2014 11:04 a.m. ET

BEIJING—China’s government appears to be tightening its grip on online discourse with the formation of an Internet-security committee led by top Communist Party officials. Read more of this post

3D Systems Prints Everything But Money

3D Systems Prints Everything But Money

SPENCER JAKAB

Updated Feb. 27, 2014 4:33 p.m. ET

It is appropriate that a movie starring molded blocks of polymer, “The Lego Movie,” is tearing up the box office. Three-dimensional printing, a technology that can turn plastic and other materials into almost anything, has been a runaway hit on Wall Street recently. Read more of this post

Pimco’s Gross Defends Competitive Culture

Pimco’s Gross Defends Competitive Culture

Allianz is ‘Very Happy’ with Pimco’s New Management Structure

GREGORY ZUCKERMAN and KIRSTEN GRIND

Feb. 27, 2014 8:20 p.m. ET

Bill Gross isn’t changing his style—and his bosses say they are fine with that.

The co-founder of bond behemoth Pacific Investment Management Co. on Thursday defended its competitive culture, saying in an interview that the trading floor can’t thrive on “sweet talking” alone but that the firm is still a family of sorts. Read more of this post

South Korea’s Growth Model; Seoul pushes domestic deregulation over export promotion

South Korea’s Growth Model

Seoul pushes domestic deregulation over export promotion.

Updated Feb. 27, 2014 6:01 p.m. ET

Japan’s Abenomics may be struggling, but at least economic reform isn’t dead in Asia. Witness South Korea, where President Park Geun-hye is proposing a reform package that could be a model for the region and many other parts of the world. Read more of this post

Lego Looks to Build in China; Danish Toy Maker Looks to Replicate Success Enjoyed in West

Lego Looks to Build in China

Danish Toy Maker Looks to Replicate Success Enjoyed in West

NICLAS ROLANDER

Feb. 27, 2014 5:34 a.m. ET

Lego A/S, pressured by stagnant toy demand in mature markets, is sharpening its focus on emerging economies, where hundreds of millions of potential customers have yet to buy the company’s interlocking bricks. Read more of this post

Is China Set For A Japan-Style Lost-Decade?

Is China Set For A Japan-Style Lost-Decade?

Tyler Durden on 02/26/2014 22:00 -0500

“The extent of unproductive investment in China today is much greater than was the case for Japan at a comparable phase of development,” warns Deutsche’s EM strategist John-Paul Smith, and one glance at the chart below suggests China is tracing an ominous path towards the same “lost-decade” that un-inspired Japan since the mid-80s. While the PBOC is less interested in goosing its own stock market (since ownership is so low), Chinese stocks (down 60% from 2007 highs) “seem to be saying that there is a significant risk of a major slowdown.” Read more of this post

Telcos ‘may cut network investments’ if they can’t ride on app messaging wave

Telcos ‘may cut network investments’ if they can’t ride on app messaging wave

SINGAPORE — Telcos and over-the-top (OTT) providers such as messaging giant WhatsApp need to work out their relationship to avoid the risk of the former cutting back on network investments as they have not found a way to monetise the growing popularity of OTT services, analysts said, following the SingTel Chief Executive’s call to allow telcos to charge OTT providers for the use of their network.

BY TAN WEIZHEN –

FEBRUARY 28

SINGAPORE — Telcos and over-the-top (OTT) providers such as messaging giant WhatsApp need to work out their relationship to avoid the risk of the former cutting back on network investments as they have not found a way to monetise the growing popularity of OTT services, analysts said, following the SingTel Chief Executive’s call to allow telcos to charge OTT providers for the use of their network. Read more of this post

One in Three Audits Fail, PCAOB Chief Auditor Says

January 24, 2014, 3:12 PM ET

One in Three Audits Fail, PCAOB Chief Auditor Says

By EMILY CHASAN

Senior Editor

More than one in three audits inspected by the U.S. government’s audit watchdog were so deficient the auditors shouldn’t have signed off, an official said this week. Read more of this post

PepsiCo re-enters ‘Magic Kingdom’ with Shanghai Disney deal

PepsiCo re-enters ‘Magic Kingdom’ with Shanghai Disney deal

8:04am EST

By Adam Jourdan

SHANGHAI (Reuters) – PepsiCo Inc (PEP.N: QuoteProfile,ResearchStock Buzz) has signed a deal to supply beverages to Walt Disney Co’s (DIS.N: QuoteProfile,ResearchStock Buzz) first China resort, breaking The Coca-Cola Co’s (KO.N: QuoteProfileResearchStock Buzz) quarter century monopoly over beverage supply to the U.S. theme park operator. Read more of this post

Berkshire in advanced talks to buy H&F’s Catalina Marketing which has the world’s largest shopper history database; EBITDA $230m

Berkshire in advanced talks to buy H&F’s Catalina Marketing – sources

6:01pm EST

By Soyoung Kim and Greg Roumeliotis

NEW YORK (Reuters) – Private equity firm Berkshire Partners LLC is in the late stage of negotiations to buy Catalina Marketing Corp from Hellman & Friedman LLC, according to people familiar with the matter, in a deal expected to be worth more than $2 billion. Read more of this post

‘Get the strategy and the team right’: An interview with the CEO of Henkel; Kasper Rorsted discusses the company’s growth plans, what it takes to hire good people, and how he fosters dialogue with customers and employees

‘Get the strategy and the team right’: An interview with the CEO of Henkel

Kasper Rorsted, head of the global manufacturer since 2008, discusses the company’s growth plans, what it takes to hire good people, and how he fosters dialogue with customers and employees.

February 2014 | byKlaus Behrenbeck

As consumer companies continue to expand their global presence, they face a host of formidable challenges: among them, staying close to the consumer, finding and attracting local talent, and managing an increasingly complex and far-flung organization. These challenges are familiar to Kasper Rorsted, who in April 2008 was named CEO of Henkel, the Düsseldorf-based manufacturer of home- and personal-care products and adhesive technologies. Henkel’s roster of brands includes Persil detergent, Dial soap, Fa deodorant, and Loctite glue. In recent years, the 137-year-old company has fared well—in large part by dramatically boosting its presence in emerging markets, which today account for 45 percent of its global revenues of €16.5 billion. Read more of this post

How China Snares Tigers, Swats Flies on Path to Reform

Feb 27, 2014

How China Snares Tigers, Swats Flies on Path to Reform

China’s Communist Party chief Xi Jinping has spent much of his first year in office cracking down on “tigers and flies” in an anticorruption drive just as he pushes ahead with some serious economic reforms. Read more of this post

China banks lobby to cap online financial product yields

China banks lobby to cap online financial product yields – sources

4:35am EST

* Interbank deposits currently not subject to rate cap

* Banks want online products treated as retail deposits

* Huge outflow of bank deposits as savers move online

* PBOC would have to approve regulatory change

By Heng Xie and Gabriel Wildau

BEIJING/SHANGHAI, Feb 27 (Reuters) – The China Banking Association is lobbying regulators to cap the yields on online money market funds, two bankers told Reuters on Thursday, in the boldest effort yet by banks to answer the threat from online financial products. Read more of this post

So Who Stops a Run on Yu E Bao Accounts? Regulatory responsibility over the wildly popular e-investment product has never been established, an oversight that raises many questions

02.27.2014 18:51

Closer Look: So Who Stops a Run on Yu E Bao Accounts?

Regulatory responsibility over the wildly popular e-investment product has never been established, an oversight that raises many questions Read more of this post

How to Compete Smarter

Published: February 14, 2014

How to Compete Smarter

Roger Martin, coauthor of Playing to Win: How Strategy Really Works, introduces a lesson on the proper foundation for core competencies from Compete Smarter, Not Harder: A Process for Developing the Right Priorities through Strategic Thinking, by William Putsis. Read more of this post

Fund managers cast wary eye on soaring valuations of Chinese internet firms

Fund managers cast wary eye on soaring valuations of Chinese internet firms

Thursday, 27 February, 2014, 11:56am

Ray Chanray.utchan@scmp.com

Fund managers in Hong Kong have turned cautious on China’s red-hot internet sector as valuations for high-flying technology firms approach nosebleed levels. Read more of this post

Harvard’s exit strategy

Harvard’s exit strategy

Feb 21st 2014, 9:58 by R.A. | LONDON

image001-7 image002-3 image007 image010 image012 image018 image020 image021 image023 image003 image004 image005 image006 image008 image009 image011 image013 image001-7 image002-3 image007 image012 image018 image020 image021 image023 image003 image004 image005 image006 image022 image024 image001-11

A RECENT Free exchange column looked at how online education might affect higher education. Elite institutions should be fine, we wrote, because they product they offer is completely different from the standardised, distance education that MOOCs offer. Unless, that is, they begin offering their own course material online at low prices, in the process breaking their business model. What is that model? Stanford economist Caroline Hoxby hasone answer: Read more of this post

lectric Car Charging Stations Powering Down; Major obstacles, including battery-charging station woes, stand in the way of China’s push to put more electric cars on the road

02.27.2014 13:31

Electric Car Charging Stations Powering Down

Major obstacles, including battery-charging station woes, stand in the way of China’s push to put more electric cars on the road Read more of this post

Taiwan’s first TV shopping company goes public today

Taiwan’s first TV shopping company goes public today

By John Liu ,The China Post
February 27, 2014, 12:03 am TWN

TAIPEI, Taiwan — Fubon Multimedia Technology is slated to be listed in the GreTai Securities Market today, becoming Taiwan’s first TV shopping company to go public. Read more of this post

How a lonely Aussie student inspired $US19 billion WhatsApp

How a lonely Aussie student inspired $US19 billion WhatsApp

February 25, 2014

David Ramli

Australia’s tyranny of distance and excessively expensive phone call charges are what transformed WhatsApp into the $US19 billion ($21 billion) company it is today, according to its co-founder and chief executive Jan Koum. Read more of this post

The Simple Thing That Makes The Happiest People In The World So Happy

FEBRUARY 26, 2014 by ERIC BARKER

The Simple Thing That Makes The Happiest People In The World So Happy

image001-6

Research has found about 9 zillion things you can do to increase happiness.

Of course, you’re probably not doing any of them. To be fair, most people don’t really do much to deliberately make their lives happier. Read more of this post

The Unlikely Tale of How ARM Came to Rule the World

The Unlikely Tale of How ARM Came to Rule the World

By Ashlee Vance February 24, 2014

This is a story about ARM Holdings (ARMH), the mobile technology company. But before it gets going, here are a few things you need to know:
1. ARM is a company made up mostly of chip engineers. They design parts of chips—such as graphics and communication bits—and they design entire chips.
2. ARM sells these designs and licenses its chip architecture to dozens of companies, including Apple (AAPL), Samsung Electronics (005930:KS), Qualcomm (QCOM), and Nvidia (NVDA). Read more of this post

The third-largest chocolate maker in the US, Russell Stover Candies, could net the controlling family more than $1 billion if they decide to sell the business

FAMILY BEHIND US CHOCOLATE GIANT CONSIDER SALE

ARTICLE | 25 FEBRUARY, 2014 09:45 AM | BY TESS DE LA MARE

The third-largest chocolate maker in the US, Russell Stover Candies, could net the controlling family more than $1 billion if they decide to sell the business.

The second-generation of the Ward family are mulling giving up the Missouri-based manufacturer of boxed chocolates, and have appointed investment bank Goldman Sachs to assess their options. Read more of this post

Visualizing 15 Years Of Acquisitions By Apple, Google, Yahoo, Amazon, And Facebook

Visualizing 15 Years Of Acquisitions By Apple, Google, Yahoo, Amazon, And Facebook

Posted yesterday by Josh Constine (@joshconstine)

You grow old, you slow down, and you die. That is, unless you can inject some fresh blood. After watching the last generation of tech giants wither or stagnate, today’s juggernauts are relying on acquisitions to keep them young and relevant. Check out the interactive infographic below to compare the size, frequency, and focus of the last 15 years of acquisitions by Apple, Amazon, Google, Yahoo, and Facebook. Read more of this post

How to win enemies and influence no one: Uber’s latest surge pricing snafu

How to win enemies and influence no one: Uber’s latest surge pricing snafu

BY CARMEL DEAMICIS 
ON FEBRUARY 26, 2014

If Uber had a foot, it would be permanently lodged in its mouth at this point.

The company has — yet again — blundered into a terrible publicity disaster, one that it brought upon itself. In case you missed the news, The Verge reported that Uber has been doing “surge price fixing.” Read more of this post

Samsonite trumps LVMH as China retail moves downmarket

Samsonite trumps LVMH as China retail moves downmarket

12:19am EST

By Clare Baldwin

HONG KONG (Reuters) – The world’s biggest luxury brands are slowing their expansion in China as more consumers shop abroad, leaving mall operators holding the bag. Read more of this post

Korea’s top court upheld a four-year jail sentence against the head of the country’s third-largest conglomerate, SK Group, for embezzling company funds

2014-02-27 10:56

Court upholds 4-yr prison term of SK Group chief for embezzlement

The nation’s top court on Thursday upheld a four-year jail sentence against the head of the country’s third-largest conglomerate, SK Group, for embezzling company funds. Read more of this post

Stroke prevention drug found to slow mild dementia

Stroke prevention drug found to slow mild dementia

KYODO

FEB 27, 2014

OSAKA – Researchers have found that a drug used in the prevention of strokes, cilostazol, is effective in slowing the progression of mild dementia, according to a study published Thursday in the U.S. online science journal Plos One. Read more of this post

Many big US corporations pay very little in taxes

Updated: Wednesday February 26, 2014 MYT 12:50:30 PM

Many big US corporations pay very little in taxes

NEW YORK: Many of the most profitable U.S. corporations paid little or no federal income tax from 2008 to 2012, according to a five-year study issued on Tuesday by a left-leaning tax activist group. Read more of this post

%d bloggers like this: