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Commodity prices up 32% over 2016, but uranium at 13-year low: HSBC

January 6, 2017

HONG KONG – Global- commodity prices rose further in December, closing out 2016 32% higher over the year, the biggest increase since 2011, according to HSBC.  The increase was broad-based, with 23 of the 32 commodities in the HSBC index rising over the year.  A retrenchment of supply and pull-back in investment, along with solid growth in demand, had lifted most resource prices, the bank said.

Melco Crown (Macau) and Studio City Ratings on CreditWatch Negative: S&P

December 19, 2016

HONG KONG - S&P Global Ratings said today it had placed its 'BB' long-term corporate credit rating and 'cnBBB-' long-term Greater China regional scale rating on Melco Crown (Macau) Ltd. (Melco Crown) on CreditWatch with negative implications. It also placed its 'BB-' long-term issue rating and 'cnBB+' long-term Greater China regional scale rating on the senior unsecured notes that MCE Finance Ltd. issued on CreditWatch with negative implications. Melco Crown guarantees the notes.

Foreign degrees lose edge in competitive Chinese job market

December 15, 2016

BEIJING - Nearly 70% of Chinese students who returned after studying abroad said they were "unsatisfied" with job opportunities at home because an overseas degree no longer guarantees them better pay than those who studied in China, a survey has found. Over two-thirds of those surveyed by the Center for China & Globalisation, an independent think tank, said their annual salaries were comparable to their peers in similar positions who studied at home.