Natural Gas Vehicles in China :: With the price of a gallon of gasoline in the United States now at $4 — and climbing — CNBC's Rick Santelli is making it his personal mission to demonstrate to the world that cars can easily be converted to run on natural gas. Santelli is best known for starting the Tea Party movement with [...]
http://managingthedragon.com/?p62
The Beijing Auto Show 2012 :: First quarter passenger car sales in China may have been flat, but that does not seem to have dampened the enthusiasm for the Beijing Auto Show, which opened earlier this week. Every year, China's major auto show alternates between Beijing and Shanghai, and every year, the show seems to get bigger. This year's show requires [...]
http://managingthedragon.com/?p93
The Beijing Auto Show 2012 :: First-quarter passenger car sales in China may have been flat, but that does not seem to have dampened the enthusiasm for the Beijing Auto Show, which opened earlier this week. Every year, China's major auto show alternates between Beijing and Shanghai, and every year, the show seems to get bigger. This year's show requires 230,000 [...]
http://managingthedragon.com/?p87
Bo, Chen and Doing Business in China :: Political events in China have dominated the news over these past few months, overshadowing stories about the country's economy that usually make the headlines. It began on February 6 when Wang Lijun, Chongqing's chief of police, sought refuge in the United States Consulate in Chengdu. Fearing for his life at the hands of Bo Xilai, [...]
http://managingthedragon.com/?p45
Capital Markets Experiment in Wenzhou :: In China, reforms often come about from the ground up. Over the years, the country has shown an uncanny knack for taking what is otherwise an illegal activity according to its own laws and regulations, experimenting with it, legitimizing it, and then incorporating it into an overall reform program on a step by step basis. [...]
http://managingthedragon.com/?p32
China's Banks: Too Big To Lend :: In the United States, large banks have been criticized because they are "too big to fail." In China, the country's largest banks have recently come under criticism because they are "too big to lend." In both countries, there is a growing body of thought that large banks need to be downsized and broken up. According [...]
http://managingthedragon.com/?p56
Competing In China :: Jackson Zhang and Gary Chan, officers of Rensselaer in China (RiC), which is part of the RPI Greater China Business Club, interviewed me last week on a wide range of topics regarding China. The following excerpts on competing in China were taken from that interview. RiC: You were a football player, a banker, and a [...]
http://managingthedragon.com/?p44
Boeing Flies The Friendly Skies of China :: On the eve of the May 1 holiday in China, China Eastern Airlines, based in Shanghai, announced that it is buying 20 Boeing 777 jets worth nearly $6 billion, while also selling five Airbus A340s to the U.S. plane maker. China Eastern said it's selling the Airbus A340-600 airplanes worth $708 million to Boeing because [...]
http://managingthedragon.com/?p41
Quenching China's Thirst For Water :: As China's already large economy continues to industrialize, the country's growing thirst for oil has been well documented. Many believe, however, that water, not necessarily oil, may ultimately prove to be the most valuable liquid in the Chinese economy. While a rich country can buy oil from the global marketplace, and it is economic to [...]
http://managingthedragon.com/?p79
Top circuit designer MStar reports Q1 EPS of NT$2.91 :: (ChinaPost.com.tw) - MStar, a leading local integrated circuit designer, yesterday reported first-quarter earnings per share (EPS) of NT$2.91, beating its major rival MediaTek for the second quarter in a row.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340511/Top-circuit.htm
E.Sun sees NT$2.07 bil in first quarter profit :: (ChinaPost.com.tw) - E.Sun Financial Holding yesterday reported first-quarter net profit of NT$2.07 billion, translating into earnings per share (EPS) of NT$0.45.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340512/ESun-sees.htm
Record price anticipated in new commercial property sale :: (ChinaPost.com.tw) - Real estate advisor DTZ yesterday announced the auction of a whole office building on Zhongxiao East Road at a base price of NT$1.97 million per ping (3.3 square meters).
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340513/Record-price.htm
'DBS China Express' to ramp up greenback remittance :: (ChinaPost.com.tw) - With the rapid expansion of cross-strait trade flow, DBS is launching "DBS China Express" — a U.S. dollar-based speedy remittance service to help corporate clients shorten operation and remittance time.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340514/DBS-China.htm
Toshiba revenue falls 46.5% to US$921 mil. :: (ChinaPost.com.tw) - Japan's Toshiba said Tuesday its full-year net profit dropped by almost half to US$921 million on a strong yen, weak digital product sales, and last year's natural disasters in Japan and Thailand.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340515/Toshiba-revenue.htm
Local bourse off high amid Euro debt woes :: (ChinaPost.com.tw) - The local bourse came off an early high yesterday after a mild technical rebound from a 2.11-percent plunge a day earlier amid lingering concerns over the financial crisis in the eurozone, dealers said.
http://www.chinapost.com.tw/business/asia-taiwan/2012/05/09/340516/Local-bourse.htm
EVA Air aims 7 new planes at North America, Europe :: (ChinaPost.com.tw) - EVA Airways, one of Taiwan's leading international carriers, said yesterday it will add seven Boeing 777-300ER passenger planes to its fleet to fly long-haul routes to North America and Europe.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340517/EVA-Air.htm
Heirs of Pepsi formula developer sue company in copyright dispute :: (ChinaPost.com.tw) - The heirs of the man who helped develop the formula for Pepsi are suing the soda company over their right to share with the public documents detailing their father's invention.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340518/Heirs-of.htm
US dollar trades lower again on Taipei forex, closes at NT$29.370 :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.012 to close at NT$29.370. Turnover totaled US$846 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/05/09/340519/US-dollar.htm
Taiwan sends increasing number of tourists to Philippines in Q1: official :: (ChinaPost.com.tw) - Taiwan was the fifth largest source of foreign tourists to the Philippines in the first quarter of 2012, a Philippine tourism official said Monday.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340520/Taiwan-sends.htm
Tax hit weighs on HSBC Holding as first-quarter profit plummets 38% :: (ChinaPost.com.tw) - HSBC Holdings PLC saw its first-quarter net profits fall by 38 percent after a larger tax bill and higher insurance claims and liabilities.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340521/Tax-hit.htm
Deutsche Post DHL profits up 64% on back of strengthening Asia business :: (ChinaPost.com.tw) - Freight, mail and express delivery company Deutsche Post DHL said Tuesday its net profit rose 64 percent to 533 million euros (US$695 million) in the first quarter because of stronger business in Asia and the last gains from the sale of Postbank to Deutsche Bank.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340522/Deutsche-Post.htm
High-end jeweler Graff aims for June listing in Hong Kong: report :: (ChinaPost.com.tw) - High-end London-based jeweler Graff Diamonds is planning to list in Hong Kong on June 7, a report said Monday, as it seeks to raise up to US$1 billion in one of the biggest IPOs this year. The firm plans to start taking orders from investors in a road show between May 21 and 31 and is set to price the initial public offering at the
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340523/High-end-jeweler.htm
Japan trading house Marubeni eyes US grain giant Gavilon, report says :: (ChinaPost.com.tw) - Japanese trading house Marubeni Corp. is in the final stages of talks to buy U.S. grain giant Gavilon LLC for about US$3.8 billion, a report said Tuesday. Marubeni is in negotiations with Gavilon's top shareholders.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340524/Japan-trading.htm
Clothing retailer Talbots receives sweetened US$211 mil. buyout offer :: (ChinaPost.com.tw) - Clothing retailer The Talbots Inc. said Monday that it has received a sweetened buyout offer from private equity firm Sycamore Partners that values the company at about US$211 million. Sycamore.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340525/Clothing-retailer.htm
Google ahead of Facebook in race for smartphone users, US survey shows :: (ChinaPost.com.tw) - Google is leading Facebook in the race for smartphone users, a U.S. survey showed Monday. The report by comScore, a study of mobile behavior, found Google sites attracted 93 million of the 97 million Americans using their smartphones for the Internet.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340526/Google-ahead.htm
Wind giant passes on Virginia project, citing sluggish offshore development :: (ChinaPost.com.tw) - Global wind giant Gamesa said Monday it will build a wind turbine prototype in the Spanish Canary Islands instead of Virginia, citing the sluggish pace of U.S. development of offshore winds.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340527/Wind-giant.htm
Norway opens major facility to test carbon capture :: (ChinaPost.com.tw) - Norway on Monday launched the world's largest facility of its kind to develop carbon capture and storage (CCS), the so-far commercially unproven technology that would allow greenhouse gases from power plants to be buried safely underground.
http://www.chinapost.com.tw/business/europe/2012/05/09/340528/Norway-opens.htm
China home prices fall; owners protest :: (ChinaPost.com.tw) - More homeowners in East China's Zhejiang province are protesting, as developers slash home prices without compensating earlier buyers.
http://www.chinapost.com.tw/business/asia-china/2012/05/09/340529/China-home.htm
IMF shows flexibility on austerity :: (ChinaPost.com.tw) - The International Monetary Fund (IMF) showed some new flexibility on Monday over how quickly it would press deeply indebted countries to bring their budgets under control if economic growth weakens.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340530/IMF-shows.htm
Malaysian farmers get election-year windfall :: (ChinaPost.com.tw) - Malaysia's oil palm farmers will be getting a US$553 million election-year windfall from an initial share sale of a giant state-controlled palm oil plantation company, Prime Minister Najib Razak announced on Tuesday.
http://www.chinapost.com.tw/business/asia/malaysia/2012/05/09/340531/Malaysian-farmers.htm
Firms prepare to keep London working during Olympic Games :: (ChinaPost.com.tw) - Around 100 London companies were testing plans this week to ensure that business does not grind to a halt when the British capital plays host to the world during the Olympic Games this summer.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340532/Firms-prepare.htm
Wednesday, May 9, 2012
09-May-2012 21:26
<a href='http://news.xinhuanet.com/english/china/2012-05/07/c_131571626.htm' target='_blank'>Foreign firms bullish about economy</a> ::
S. Korean regulator suspends operation of 4 savings banks :: South Korea's financial regulator said Sunday that it suspended operation of four local savings banks due to their shortage of equity capital and heavy debts.
15% of world trade Chinese: commerce minister :: As the second-largest economy, and with a fifth of the world's population, China should account for 15 percent of global trade volume, Minister of Commerce Chen Deming has said.
<a href='http://news.xinhuanet.com/english/business/2012-05/08/c_131575894.htm' target='_blank'>U.S. stocks open lower as French, Greek election results published</a> :: U.S. stock opened lower on Tuesday as investors remain alert on European concerns after election results of the some regional countries announced.
Top circuit designer MStar reports Q1 EPS of NT$2.91 :: (ChinaPost.com.tw) - MStar, a leading local integrated circuit designer, yesterday reported first-quarter earnings per share (EPS) of NT$2.91, beating its major rival MediaTek for the second quarter in a row.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340511/Top-circuit.htm
E.Sun sees NT$2.07 bil in first quarter profit :: (ChinaPost.com.tw) - E.Sun Financial Holding yesterday reported first-quarter net profit of NT$2.07 billion, translating into earnings per share (EPS) of NT$0.45.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340512/ESun-sees.htm
Record price anticipated in new commercial property sale :: (ChinaPost.com.tw) - Real estate advisor DTZ yesterday announced the auction of a whole office building on Zhongxiao East Road at a base price of NT$1.97 million per ping (3.3 square meters).
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340513/Record-price.htm
'DBS China Express' to ramp up greenback remittance :: (ChinaPost.com.tw) - With the rapid expansion of cross-strait trade flow, DBS is launching "DBS China Express" — a U.S. dollar-based speedy remittance service to help corporate clients shorten operation and remittance time.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340514/DBS-China.htm
Toshiba revenue falls 46.5% to US$921 mil. :: (ChinaPost.com.tw) - Japan's Toshiba said Tuesday its full-year net profit dropped by almost half to US$921 million on a strong yen, weak digital product sales, and last year's natural disasters in Japan and Thailand.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340515/Toshiba-revenue.htm
Local bourse off high amid Euro debt woes :: (ChinaPost.com.tw) - The local bourse came off an early high yesterday after a mild technical rebound from a 2.11-percent plunge a day earlier amid lingering concerns over the financial crisis in the eurozone, dealers said.
http://www.chinapost.com.tw/business/asia-taiwan/2012/05/09/340516/Local-bourse.htm
EVA Air aims 7 new planes at North America, Europe :: (ChinaPost.com.tw) - EVA Airways, one of Taiwan's leading international carriers, said yesterday it will add seven Boeing 777-300ER passenger planes to its fleet to fly long-haul routes to North America and Europe.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340517/EVA-Air.htm
Heirs of Pepsi formula developer sue company in copyright dispute :: (ChinaPost.com.tw) - The heirs of the man who helped develop the formula for Pepsi are suing the soda company over their right to share with the public documents detailing their father's invention.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340518/Heirs-of.htm
US dollar trades lower again on Taipei forex, closes at NT$29.370 :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.012 to close at NT$29.370. Turnover totaled US$846 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/05/09/340519/US-dollar.htm
Taiwan sends increasing number of tourists to Philippines in Q1: official :: (ChinaPost.com.tw) - Taiwan was the fifth largest source of foreign tourists to the Philippines in the first quarter of 2012, a Philippine tourism official said Monday.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340520/Taiwan-sends.htm
Tax hit weighs on HSBC Holding as first-quarter profit plummets 38% :: (ChinaPost.com.tw) - HSBC Holdings PLC saw its first-quarter net profits fall by 38 percent after a larger tax bill and higher insurance claims and liabilities.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340521/Tax-hit.htm
Deutsche Post DHL profits up 64% on back of strengthening Asia business :: (ChinaPost.com.tw) - Freight, mail and express delivery company Deutsche Post DHL said Tuesday its net profit rose 64 percent to 533 million euros (US$695 million) in the first quarter because of stronger business in Asia and the last gains from the sale of Postbank to Deutsche Bank.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340522/Deutsche-Post.htm
High-end jeweler Graff aims for June listing in Hong Kong: report :: (ChinaPost.com.tw) - High-end London-based jeweler Graff Diamonds is planning to list in Hong Kong on June 7, a report said Monday, as it seeks to raise up to US$1 billion in one of the biggest IPOs this year. The firm plans to start taking orders from investors in a road show between May 21 and 31 and is set to price the initial public offering at the
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340523/High-end-jeweler.htm
Japan trading house Marubeni eyes US grain giant Gavilon, report says :: (ChinaPost.com.tw) - Japanese trading house Marubeni Corp. is in the final stages of talks to buy U.S. grain giant Gavilon LLC for about US$3.8 billion, a report said Tuesday. Marubeni is in negotiations with Gavilon's top shareholders.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340524/Japan-trading.htm
Clothing retailer Talbots receives sweetened US$211 mil. buyout offer :: (ChinaPost.com.tw) - Clothing retailer The Talbots Inc. said Monday that it has received a sweetened buyout offer from private equity firm Sycamore Partners that values the company at about US$211 million. Sycamore.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340525/Clothing-retailer.htm
Google ahead of Facebook in race for smartphone users, US survey shows :: (ChinaPost.com.tw) - Google is leading Facebook in the race for smartphone users, a U.S. survey showed Monday. The report by comScore, a study of mobile behavior, found Google sites attracted 93 million of the 97 million Americans using their smartphones for the Internet.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340526/Google-ahead.htm
Wind giant passes on Virginia project, citing sluggish offshore development :: (ChinaPost.com.tw) - Global wind giant Gamesa said Monday it will build a wind turbine prototype in the Spanish Canary Islands instead of Virginia, citing the sluggish pace of U.S. development of offshore winds.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340527/Wind-giant.htm
Norway opens major facility to test carbon capture :: (ChinaPost.com.tw) - Norway on Monday launched the world's largest facility of its kind to develop carbon capture and storage (CCS), the so-far commercially unproven technology that would allow greenhouse gases from power plants to be buried safely underground.
http://www.chinapost.com.tw/business/europe/2012/05/09/340528/Norway-opens.htm
China home prices fall; owners protest :: (ChinaPost.com.tw) - More homeowners in East China's Zhejiang province are protesting, as developers slash home prices without compensating earlier buyers.
http://www.chinapost.com.tw/business/asia-china/2012/05/09/340529/China-home.htm
IMF shows flexibility on austerity :: (ChinaPost.com.tw) - The International Monetary Fund (IMF) showed some new flexibility on Monday over how quickly it would press deeply indebted countries to bring their budgets under control if economic growth weakens.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340530/IMF-shows.htm
Malaysian farmers get election-year windfall :: (ChinaPost.com.tw) - Malaysia's oil palm farmers will be getting a US$553 million election-year windfall from an initial share sale of a giant state-controlled palm oil plantation company, Prime Minister Najib Razak announced on Tuesday.
http://www.chinapost.com.tw/business/asia/malaysia/2012/05/09/340531/Malaysian-farmers.htm
Firms prepare to keep London working during Olympic Games :: (ChinaPost.com.tw) - Around 100 London companies were testing plans this week to ensure that business does not grind to a halt when the British capital plays host to the world during the Olympic Games this summer.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340532/Firms-prepare.htm
Myanmar may boom if it sticks to reforms: IMF :: (ChinaPost.com.tw) - The International Monetary Fund (IMF) said Monday that Myanmar could be Asia's next boom economy if the country sticks to its new path of political and economic reforms.
http://www.chinapost.com.tw/business/europe/2012/05/09/340534/Myanmar-may.htm
IFC, MasterCard Foundation partner in Africa credit plan :: (ChinaPost.com.tw) - The World Bank partner devoted to developing the private sector and The MasterCard Foundation will spend millions of dollars so more impoverished Africans can get loans and other financial services, officials said.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340535/IFC-MasterCard.htm
Reinsurer Munich Re's US$1.02 bil. returns firm to profit in first quarter :: (ChinaPost.com.tw) - Reinsurer Munich Re says it made 782 million euros (US$1.02 billion) in the first quarter as earnings bounced back after heavy losses a year ago when its business was hit by natural disasters that included the tsunami in Japan.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340536/Reinsurer-Munich.htm
'Never-ending' bad news sees investors pull plug on German real estate fund :: (ChinaPost.com.tw) - Administrators say they have been forced to dissolve a 6-billion-euro (US$7.82 billion) German real estate fund after investors failed to back a plan to prop it up. According to a statement Monday the ailing SEB ImmoInvest fund will be wound down over the course of five years to pay off investors who had demanded their money back.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340537/Never-ending-bad.htm
Carlos Slim's America Movil offers 8 euros a share for 28% KPN stake :: (ChinaPost.com.tw) - Mexican telecommunications giant America Movil, controlled by billionaire Carlos Slim, on Tuesday announced an offer of eight euros a share for a 28-percent stake in Dutch telecoms operator KPN.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340538/Carlos-Slims.htm
S. Korean regulator suspends operation of 4 savings banks :: South Korea's financial regulator said Sunday that it suspended operation of four local savings banks due to their shortage of equity capital and heavy debts.
15% of world trade Chinese: commerce minister :: As the second-largest economy, and with a fifth of the world's population, China should account for 15 percent of global trade volume, Minister of Commerce Chen Deming has said.
<a href='http://news.xinhuanet.com/english/business/2012-05/08/c_131575894.htm' target='_blank'>U.S. stocks open lower as French, Greek election results published</a> :: U.S. stock opened lower on Tuesday as investors remain alert on European concerns after election results of the some regional countries announced.
Top circuit designer MStar reports Q1 EPS of NT$2.91 :: (ChinaPost.com.tw) - MStar, a leading local integrated circuit designer, yesterday reported first-quarter earnings per share (EPS) of NT$2.91, beating its major rival MediaTek for the second quarter in a row.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340511/Top-circuit.htm
E.Sun sees NT$2.07 bil in first quarter profit :: (ChinaPost.com.tw) - E.Sun Financial Holding yesterday reported first-quarter net profit of NT$2.07 billion, translating into earnings per share (EPS) of NT$0.45.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340512/ESun-sees.htm
Record price anticipated in new commercial property sale :: (ChinaPost.com.tw) - Real estate advisor DTZ yesterday announced the auction of a whole office building on Zhongxiao East Road at a base price of NT$1.97 million per ping (3.3 square meters).
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340513/Record-price.htm
'DBS China Express' to ramp up greenback remittance :: (ChinaPost.com.tw) - With the rapid expansion of cross-strait trade flow, DBS is launching "DBS China Express" — a U.S. dollar-based speedy remittance service to help corporate clients shorten operation and remittance time.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340514/DBS-China.htm
Toshiba revenue falls 46.5% to US$921 mil. :: (ChinaPost.com.tw) - Japan's Toshiba said Tuesday its full-year net profit dropped by almost half to US$921 million on a strong yen, weak digital product sales, and last year's natural disasters in Japan and Thailand.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340515/Toshiba-revenue.htm
Local bourse off high amid Euro debt woes :: (ChinaPost.com.tw) - The local bourse came off an early high yesterday after a mild technical rebound from a 2.11-percent plunge a day earlier amid lingering concerns over the financial crisis in the eurozone, dealers said.
http://www.chinapost.com.tw/business/asia-taiwan/2012/05/09/340516/Local-bourse.htm
EVA Air aims 7 new planes at North America, Europe :: (ChinaPost.com.tw) - EVA Airways, one of Taiwan's leading international carriers, said yesterday it will add seven Boeing 777-300ER passenger planes to its fleet to fly long-haul routes to North America and Europe.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340517/EVA-Air.htm
Heirs of Pepsi formula developer sue company in copyright dispute :: (ChinaPost.com.tw) - The heirs of the man who helped develop the formula for Pepsi are suing the soda company over their right to share with the public documents detailing their father's invention.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340518/Heirs-of.htm
US dollar trades lower again on Taipei forex, closes at NT$29.370 :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.012 to close at NT$29.370. Turnover totaled US$846 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/05/09/340519/US-dollar.htm
Taiwan sends increasing number of tourists to Philippines in Q1: official :: (ChinaPost.com.tw) - Taiwan was the fifth largest source of foreign tourists to the Philippines in the first quarter of 2012, a Philippine tourism official said Monday.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340520/Taiwan-sends.htm
Tax hit weighs on HSBC Holding as first-quarter profit plummets 38% :: (ChinaPost.com.tw) - HSBC Holdings PLC saw its first-quarter net profits fall by 38 percent after a larger tax bill and higher insurance claims and liabilities.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340521/Tax-hit.htm
Deutsche Post DHL profits up 64% on back of strengthening Asia business :: (ChinaPost.com.tw) - Freight, mail and express delivery company Deutsche Post DHL said Tuesday its net profit rose 64 percent to 533 million euros (US$695 million) in the first quarter because of stronger business in Asia and the last gains from the sale of Postbank to Deutsche Bank.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340522/Deutsche-Post.htm
High-end jeweler Graff aims for June listing in Hong Kong: report :: (ChinaPost.com.tw) - High-end London-based jeweler Graff Diamonds is planning to list in Hong Kong on June 7, a report said Monday, as it seeks to raise up to US$1 billion in one of the biggest IPOs this year. The firm plans to start taking orders from investors in a road show between May 21 and 31 and is set to price the initial public offering at the
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340523/High-end-jeweler.htm
Japan trading house Marubeni eyes US grain giant Gavilon, report says :: (ChinaPost.com.tw) - Japanese trading house Marubeni Corp. is in the final stages of talks to buy U.S. grain giant Gavilon LLC for about US$3.8 billion, a report said Tuesday. Marubeni is in negotiations with Gavilon's top shareholders.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340524/Japan-trading.htm
Clothing retailer Talbots receives sweetened US$211 mil. buyout offer :: (ChinaPost.com.tw) - Clothing retailer The Talbots Inc. said Monday that it has received a sweetened buyout offer from private equity firm Sycamore Partners that values the company at about US$211 million. Sycamore.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340525/Clothing-retailer.htm
Google ahead of Facebook in race for smartphone users, US survey shows :: (ChinaPost.com.tw) - Google is leading Facebook in the race for smartphone users, a U.S. survey showed Monday. The report by comScore, a study of mobile behavior, found Google sites attracted 93 million of the 97 million Americans using their smartphones for the Internet.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340526/Google-ahead.htm
Wind giant passes on Virginia project, citing sluggish offshore development :: (ChinaPost.com.tw) - Global wind giant Gamesa said Monday it will build a wind turbine prototype in the Spanish Canary Islands instead of Virginia, citing the sluggish pace of U.S. development of offshore winds.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340527/Wind-giant.htm
Norway opens major facility to test carbon capture :: (ChinaPost.com.tw) - Norway on Monday launched the world's largest facility of its kind to develop carbon capture and storage (CCS), the so-far commercially unproven technology that would allow greenhouse gases from power plants to be buried safely underground.
http://www.chinapost.com.tw/business/europe/2012/05/09/340528/Norway-opens.htm
China home prices fall; owners protest :: (ChinaPost.com.tw) - More homeowners in East China's Zhejiang province are protesting, as developers slash home prices without compensating earlier buyers.
http://www.chinapost.com.tw/business/asia-china/2012/05/09/340529/China-home.htm
IMF shows flexibility on austerity :: (ChinaPost.com.tw) - The International Monetary Fund (IMF) showed some new flexibility on Monday over how quickly it would press deeply indebted countries to bring their budgets under control if economic growth weakens.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340530/IMF-shows.htm
Malaysian farmers get election-year windfall :: (ChinaPost.com.tw) - Malaysia's oil palm farmers will be getting a US$553 million election-year windfall from an initial share sale of a giant state-controlled palm oil plantation company, Prime Minister Najib Razak announced on Tuesday.
http://www.chinapost.com.tw/business/asia/malaysia/2012/05/09/340531/Malaysian-farmers.htm
Firms prepare to keep London working during Olympic Games :: (ChinaPost.com.tw) - Around 100 London companies were testing plans this week to ensure that business does not grind to a halt when the British capital plays host to the world during the Olympic Games this summer.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340532/Firms-prepare.htm
Myanmar may boom if it sticks to reforms: IMF :: (ChinaPost.com.tw) - The International Monetary Fund (IMF) said Monday that Myanmar could be Asia's next boom economy if the country sticks to its new path of political and economic reforms.
http://www.chinapost.com.tw/business/europe/2012/05/09/340534/Myanmar-may.htm
IFC, MasterCard Foundation partner in Africa credit plan :: (ChinaPost.com.tw) - The World Bank partner devoted to developing the private sector and The MasterCard Foundation will spend millions of dollars so more impoverished Africans can get loans and other financial services, officials said.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340535/IFC-MasterCard.htm
Reinsurer Munich Re's US$1.02 bil. returns firm to profit in first quarter :: (ChinaPost.com.tw) - Reinsurer Munich Re says it made 782 million euros (US$1.02 billion) in the first quarter as earnings bounced back after heavy losses a year ago when its business was hit by natural disasters that included the tsunami in Japan.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340536/Reinsurer-Munich.htm
'Never-ending' bad news sees investors pull plug on German real estate fund :: (ChinaPost.com.tw) - Administrators say they have been forced to dissolve a 6-billion-euro (US$7.82 billion) German real estate fund after investors failed to back a plan to prop it up. According to a statement Monday the ailing SEB ImmoInvest fund will be wound down over the course of five years to pay off investors who had demanded their money back.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340537/Never-ending-bad.htm
Carlos Slim's America Movil offers 8 euros a share for 28% KPN stake :: (ChinaPost.com.tw) - Mexican telecommunications giant America Movil, controlled by billionaire Carlos Slim, on Tuesday announced an offer of eight euros a share for a 28-percent stake in Dutch telecoms operator KPN.
http://www.chinapost.com.tw/business/global-markets/2012/05/09/340538/Carlos-Slims.htm
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