Cramer Likes Joy Because China Is "Turning Up" :: Mad Money's Jim Cramer likes Joy Global, Inc. (NYSE: JOY) and rates the company a "Buy." Why? In Cramer's view, China is at the bottom of its economic cycle and is turning up. Therefore, the world's second-largest economy will need more coal to make the electricity to power its growth, and with it, the type of mining [...]
http://managingthedragon.com/?p35
Ford Affiliate to Buy China Truck Maker :: Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China's [...]
http://managingthedragon.com/?p00
Junk Bonds Come To China :: During the decade of the 1970s in the United States, the Dow Jones Industrial Average (DJIA) was stuck at the 800 level, common stock offerings were few and far between, and companies with debt ratings lower than single "A" could not issue bonds. That meant that small and medium-sized enterprises (SMEs), the key job creators [...]
http://managingthedragon.com/?p04
China's SMEs Access The Bond Market :: As financings go, the $7.8 million of three-year bonds that Tri-Tech Holding, Inc. (NASDAQ CM: TRIT) issued last month will not set any records for size. The significance of the financing, however, lies in the fact that it foreshadows a promising new source of capital for China's small and medium-sized private companies. According to research [...]
http://managingthedragon.com/?p84
Get Ready For More China Overseas Investment :: All signs point to the fact that Chinese companies are gearing up to make more overseas direct investments (ODI) in coming years. Moreover, there are indications that they are likely to find more welcoming arms than they have in the past — at least in some circles. First, there’s the anecdotal evidence. Just in the [...]
http://managingthedragon.com/?p56
Making Sense Of China's Numbers :: With most of the world's major economies still sputtering, there isn't a day that goes by that economic and business commentators don't bring up China, and the fact that the biggest, fastest-growing economy in the world is slowing, and dampening the growth prospects for the global economy in the process. If that's not bad enough, [...]
http://managingthedragon.com/?p66
China's Financial Institutions Expand Overseas :: The world's beleaguered financial services industry may begin receiving much needed capital support from an unexpected source—China. Reflecting the relative strength and growth of their country's underlying economy, Chinese banks and securities firms are now following the examples of their industrial cousins and stepping up overseas expansion plans. Ever since I've been in China, the [...]
http://managingthedragon.com/?p49
Lincoln Joins the Luxury Car Race in China :: Last week, the Ford Motor Company (NYSE: "F") announced that it will launch Lincoln in China in the second half of 2014. Ford is currently in negotiations with potential dealers with a goal to establish an independent dealer network for the model that will offer a new level of personalized service not currently offered by [...]
http://managingthedragon.com/?p22
The Missing $1 Billion in the US Trade Complaint :: On September 17, the United States notified the World Trade Organization (WTO) of its request for consultations with China on "China's measures providing subsidies such as grants, loans, foregone government revenue, the provision of goods and services and other incentives contingent upon export performance to automobile and automobile-parts enterprises in China." Under WTO rules and [...]
http://managingthedragon.com/?p33
International Retailers Struggle in China :: In recent weeks, many of the large international retailers have announced changes in their expansion plans for China. Home Depot (NYSE: HD), the large U.S. do it yourself chain, is closing stores, as is Tesco PLC (LSE: TSCO.L), the large U.K. retailer. Even the two earliest entrants into China's retailing industry, Wal-Mart Stores Inc. (NYSE:WMT) [...]
http://managingthedragon.com/?p79
AsusTek sees new EPS high for Q3 :: (ChinaPost.com.tw) - AsusTek, a leading PC brand, yesterday reported third quarter earnings per share of NT$8.92, which could be the highest among publicly listed firms for the quarter ending Sept. 30.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359414/AsusTek-sees.htm
SPIL reveals NT$1.31 earnings per share :: (ChinaPost.com.tw) - Siliconware Precision Industries Ltd. (SPIL), a major integrated circuit testing and packaging firm, yesterday reported net profit of NT$4.059 billion for the first three quarters, translating into earnings per share (EPS) of NT$1.31.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359415/SPIL-reveals.htm
Nan Shan gets EnTie building for NT$1.34 bil. :: (ChinaPost.com.tw) - Nan Shan Life yesterday purchased EnTie Bank's Neihu office building for NT$1.3388 billion, or a premium of 16 percent over the base price of NT$1.15 billion, said DTZ, advisor of the sale.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359416/Nan-Shan.htm
Manufacturing sector more bearish over future: think tank :: (ChinaPost.com.tw) - Taiwan's manufacturing sector has grown more pessimistic about its economic prospects over the next six months amid growing uncertainty over the global economy, an economic think tank reported yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359417/Manufacturing-sector.htm
Brain-damaged engineer's family initiate Foxconn suit :: (ChinaPost.com.tw) - The father of a Foxconn worker left brain-damaged by a factory accident in southern China took the company to court on Tuesday, in a case that heaps more attention on the labor practices of Apple Inc.'s largest contract manufacturer.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359418/Brain-damaged-engineers.htm
US dollar sheds NT$0.014 to close at NT$29.278 on forex :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.014 to close at NT$29.278.
Turnover totaled US$494 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359419/US-dollar.htm
Far Eastern Group chief tells shipping firms to be optimistic :: (ChinaPost.com.tw) - Douglas Hsu, chairman of the Far Eastern Group, yesterday urged shipping operators to be optimistic about the future.
"No matter what happens, we need to be optimistic," Hsu said in Shanghai yesterday, in the capacity as chairman of U-Ming Marine Transport Corp. under the group.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359420/Far-Eastern.htm
Spanish economy slumps in 3rd quarter of '12: official data :: (ChinaPost.com.tw) - Spain's economy wilted in the third quarter of 2012, official data showed Tuesday, as the government imposed a harsh austerity program in the midst of a deep recession.
http://www.chinapost.com.tw/business/europe/2012/10/31/359422/Spanish-economy.htm
Toyota leads Japan charge in new Consumer Reports survey :: (ChinaPost.com.tw) - Japanese brands took the top seven spots in Consumer Reports' annual reliability rankings, pushing aside their U.S. and European rivals. Toyota Motor Corp.'s Scion, Lexus and Toyota brands took the top three spots and the Toyota Prius C, a subcompact hybrid, got the best overall score. Mazda, Subaru, Honda and Acura were close behind.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359423/Toyota-leads.htm
Mobile device search traffic on Baidu sees triple-figure surge :: (ChinaPost.com.tw) - Baidu Inc., China's biggest search engine, said its mobile search traffic has registered triple-digit growth compared with last year amid a transition from personal computers to mobile devices, said a company official.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359424/Mobile-device.htm
Markets unimpressed as BOJ boosts stimulus :: (ChinaPost.com.tw) - The Bank of Japan (BOJ) boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359425/Markets-unimpressed.htm
Japan industrial output falls while unemployment steady :: (ChinaPost.com.tw) - A fresh barrage of negative data on Japan's failing recovery Tuesday pumped up pressure for central bank action to help revive the world's third-largest economy.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359427/Japan-industrial.htm
India's interest rate still 8%, cash reserve ratio drops by 0.25% :: (ChinaPost.com.tw) - India's central bank left its key interest rate unchanged Tuesday, resisting growing pressure from New Delhi to kick start growth even as it slashed its growth forecast and raised its inflation projection for Asia's third-largest economy.
http://www.chinapost.com.tw/business/asia/india/2012/10/31/359428/Indias-interest.htm
Mitsubishi Motors profit improves on slashed costs, nets 10.1 bil. yen in Q2 :: (ChinaPost.com.tw) - Mitsubishi Motors' fiscal second-quarter net profit improved 60 percent to 10.1 billion yen (US$126 million) on cost cuts as the Japanese automaker recovered from last year's disaster despite lagging sales.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359429/Mitsubishi-Motors.htm
BHP Billiton targets 50% growth in Queensland coal within two years :: (ChinaPost.com.tw) - The Anglo-Australian firm plans to grow capacity from 44 million metric tonnes in the year ending June 30, 2012 to 66 million metric tons by the end of 2014, ferrous and Coal Division Chief Executive Marcus Randolph said.
http://www.chinapost.com.tw/business/asia/australia/2012/10/31/359430/BHP-Billiton.htm
Honda, Malaysian carmaker Proton agree to mull cooperative partnership :: (ChinaPost.com.tw) - Malaysian carmaker Proton and Japan's Honda have agreed to explore a cooperative relationship, the companies have said, in troubled Proton's latest attempt at revival through a foreign tie-up.
http://www.chinapost.com.tw/business/asia/malaysia/2012/10/31/359431/Honda-Malaysian.htm
Marriott International plans to double number of properties in Asia by 2016 :: (ChinaPost.com.tw) - Hotel operator Marriott International Inc. says it plans to more than double the number of its properties in Asia in the next four years.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359433/Marriott-International.htm
NZ regulator OKs Vodafone takeover of Australian subsidiary TelstraClear :: (ChinaPost.com.tw) - New Zealand's competition watchdog gave a green light on Tuesday to British telecom giant Vodafone's NZ$840 million (US$689 million) bid for TelstraClear, Australian carrier Telstra's local subsidiary.
http://www.chinapost.com.tw/business/asia/new-zealand/2012/10/31/359434/NZ-regulator.htm
Japan's Komatsu logs profit drop on weak China demand and strong yen :: (ChinaPost.com.tw) - Japan's top construction machinery maker Komatsu said Tuesday its net profit dropped 30.2 percent in the first six months to September, citing weak demand in China and the yen's strength against the euro.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359435/Japans-Komatsu.htm
Ford profit beats forecast in N. America :: (ChinaPost.com.tw) - Ford Motor Co. posted a third-quarter profit that trounced Wall Street forecasts on Tuesday, driven by higher vehicle prices and record profit margins of 12 percent in North America.
http://www.chinapost.com.tw/business/company-focus/2012/11/01/359460/Ford-profit.htm
Wednesday, October 31, 2012
01-Nov-2012 06:51
Cramer Likes Joy Because China Is "Turning Up" :: Mad Money's Jim Cramer likes Joy Global, Inc. (NYSE: JOY) and rates the company a "Buy." Why? In Cramer's view, China is at the bottom of its economic cycle and is turning up. Therefore, the world's second-largest economy will need more coal to make the electricity to power its growth, and with it, the type of mining [...]
http://managingthedragon.com/?p35
Ford Affiliate to Buy China Truck Maker :: Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China's [...]
http://managingthedragon.com/?p00
Junk Bonds Come To China :: During the decade of the 1970s in the United States, the Dow Jones Industrial Average (DJIA) was stuck at the 800 level, common stock offerings were few and far between, and companies with debt ratings lower than single "A" could not issue bonds. That meant that small and medium-sized enterprises (SMEs), the key job creators [...]
http://managingthedragon.com/?p04
China's SMEs Access The Bond Market :: As financings go, the $7.8 million of three-year bonds that Tri-Tech Holding, Inc. (NASDAQ CM: TRIT) issued last month will not set any records for size. The significance of the financing, however, lies in the fact that it foreshadows a promising new source of capital for China's small and medium-sized private companies. According to research [...]
http://managingthedragon.com/?p84
Get Ready For More China Overseas Investment :: All signs point to the fact that Chinese companies are gearing up to make more overseas direct investments (ODI) in coming years. Moreover, there are indications that they are likely to find more welcoming arms than they have in the past — at least in some circles. First, there’s the anecdotal evidence. Just in the [...]
http://managingthedragon.com/?p56
Making Sense Of China's Numbers :: With most of the world's major economies still sputtering, there isn't a day that goes by that economic and business commentators don't bring up China, and the fact that the biggest, fastest-growing economy in the world is slowing, and dampening the growth prospects for the global economy in the process. If that's not bad enough, [...]
http://managingthedragon.com/?p66
China's Financial Institutions Expand Overseas :: The world's beleaguered financial services industry may begin receiving much needed capital support from an unexpected source—China. Reflecting the relative strength and growth of their country's underlying economy, Chinese banks and securities firms are now following the examples of their industrial cousins and stepping up overseas expansion plans. Ever since I've been in China, the [...]
http://managingthedragon.com/?p49
Lincoln Joins the Luxury Car Race in China :: Last week, the Ford Motor Company (NYSE: "F") announced that it will launch Lincoln in China in the second half of 2014. Ford is currently in negotiations with potential dealers with a goal to establish an independent dealer network for the model that will offer a new level of personalized service not currently offered by [...]
http://managingthedragon.com/?p22
The Missing $1 Billion in the US Trade Complaint :: On September 17, the United States notified the World Trade Organization (WTO) of its request for consultations with China on "China's measures providing subsidies such as grants, loans, foregone government revenue, the provision of goods and services and other incentives contingent upon export performance to automobile and automobile-parts enterprises in China." Under WTO rules and [...]
http://managingthedragon.com/?p33
International Retailers Struggle in China :: In recent weeks, many of the large international retailers have announced changes in their expansion plans for China. Home Depot (NYSE: HD), the large U.S. do it yourself chain, is closing stores, as is Tesco PLC (LSE: TSCO.L), the large U.K. retailer. Even the two earliest entrants into China's retailing industry, Wal-Mart Stores Inc. (NYSE:WMT) [...]
http://managingthedragon.com/?p79
AsusTek sees new EPS high for Q3 :: (ChinaPost.com.tw) - AsusTek, a leading PC brand, yesterday reported third quarter earnings per share of NT$8.92, which could be the highest among publicly listed firms for the quarter ending Sept. 30.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359414/AsusTek-sees.htm
SPIL reveals NT$1.31 earnings per share :: (ChinaPost.com.tw) - Siliconware Precision Industries Ltd. (SPIL), a major integrated circuit testing and packaging firm, yesterday reported net profit of NT$4.059 billion for the first three quarters, translating into earnings per share (EPS) of NT$1.31.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359415/SPIL-reveals.htm
Nan Shan gets EnTie building for NT$1.34 bil. :: (ChinaPost.com.tw) - Nan Shan Life yesterday purchased EnTie Bank's Neihu office building for NT$1.3388 billion, or a premium of 16 percent over the base price of NT$1.15 billion, said DTZ, advisor of the sale.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359416/Nan-Shan.htm
Manufacturing sector more bearish over future: think tank :: (ChinaPost.com.tw) - Taiwan's manufacturing sector has grown more pessimistic about its economic prospects over the next six months amid growing uncertainty over the global economy, an economic think tank reported yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359417/Manufacturing-sector.htm
Brain-damaged engineer's family initiate Foxconn suit :: (ChinaPost.com.tw) - The father of a Foxconn worker left brain-damaged by a factory accident in southern China took the company to court on Tuesday, in a case that heaps more attention on the labor practices of Apple Inc.'s largest contract manufacturer.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359418/Brain-damaged-engineers.htm
US dollar sheds NT$0.014 to close at NT$29.278 on forex :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.014 to close at NT$29.278.
Turnover totaled US$494 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359419/US-dollar.htm
Far Eastern Group chief tells shipping firms to be optimistic :: (ChinaPost.com.tw) - Douglas Hsu, chairman of the Far Eastern Group, yesterday urged shipping operators to be optimistic about the future.
"No matter what happens, we need to be optimistic," Hsu said in Shanghai yesterday, in the capacity as chairman of U-Ming Marine Transport Corp. under the group.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359420/Far-Eastern.htm
Spanish economy slumps in 3rd quarter of '12: official data :: (ChinaPost.com.tw) - Spain's economy wilted in the third quarter of 2012, official data showed Tuesday, as the government imposed a harsh austerity program in the midst of a deep recession.
http://www.chinapost.com.tw/business/europe/2012/10/31/359422/Spanish-economy.htm
Toyota leads Japan charge in new Consumer Reports survey :: (ChinaPost.com.tw) - Japanese brands took the top seven spots in Consumer Reports' annual reliability rankings, pushing aside their U.S. and European rivals. Toyota Motor Corp.'s Scion, Lexus and Toyota brands took the top three spots and the Toyota Prius C, a subcompact hybrid, got the best overall score. Mazda, Subaru, Honda and Acura were close behind.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359423/Toyota-leads.htm
Mobile device search traffic on Baidu sees triple-figure surge :: (ChinaPost.com.tw) - Baidu Inc., China's biggest search engine, said its mobile search traffic has registered triple-digit growth compared with last year amid a transition from personal computers to mobile devices, said a company official.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359424/Mobile-device.htm
Markets unimpressed as BOJ boosts stimulus :: (ChinaPost.com.tw) - The Bank of Japan (BOJ) boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359425/Markets-unimpressed.htm
Japan industrial output falls while unemployment steady :: (ChinaPost.com.tw) - A fresh barrage of negative data on Japan's failing recovery Tuesday pumped up pressure for central bank action to help revive the world's third-largest economy.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359427/Japan-industrial.htm
India's interest rate still 8%, cash reserve ratio drops by 0.25% :: (ChinaPost.com.tw) - India's central bank left its key interest rate unchanged Tuesday, resisting growing pressure from New Delhi to kick start growth even as it slashed its growth forecast and raised its inflation projection for Asia's third-largest economy.
http://www.chinapost.com.tw/business/asia/india/2012/10/31/359428/Indias-interest.htm
Mitsubishi Motors profit improves on slashed costs, nets 10.1 bil. yen in Q2 :: (ChinaPost.com.tw) - Mitsubishi Motors' fiscal second-quarter net profit improved 60 percent to 10.1 billion yen (US$126 million) on cost cuts as the Japanese automaker recovered from last year's disaster despite lagging sales.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359429/Mitsubishi-Motors.htm
BHP Billiton targets 50% growth in Queensland coal within two years :: (ChinaPost.com.tw) - The Anglo-Australian firm plans to grow capacity from 44 million metric tonnes in the year ending June 30, 2012 to 66 million metric tons by the end of 2014, ferrous and Coal Division Chief Executive Marcus Randolph said.
http://www.chinapost.com.tw/business/asia/australia/2012/10/31/359430/BHP-Billiton.htm
Honda, Malaysian carmaker Proton agree to mull cooperative partnership :: (ChinaPost.com.tw) - Malaysian carmaker Proton and Japan's Honda have agreed to explore a cooperative relationship, the companies have said, in troubled Proton's latest attempt at revival through a foreign tie-up.
http://www.chinapost.com.tw/business/asia/malaysia/2012/10/31/359431/Honda-Malaysian.htm
Marriott International plans to double number of properties in Asia by 2016 :: (ChinaPost.com.tw) - Hotel operator Marriott International Inc. says it plans to more than double the number of its properties in Asia in the next four years.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359433/Marriott-International.htm
NZ regulator OKs Vodafone takeover of Australian subsidiary TelstraClear :: (ChinaPost.com.tw) - New Zealand's competition watchdog gave a green light on Tuesday to British telecom giant Vodafone's NZ$840 million (US$689 million) bid for TelstraClear, Australian carrier Telstra's local subsidiary.
http://www.chinapost.com.tw/business/asia/new-zealand/2012/10/31/359434/NZ-regulator.htm
Japan's Komatsu logs profit drop on weak China demand and strong yen :: (ChinaPost.com.tw) - Japan's top construction machinery maker Komatsu said Tuesday its net profit dropped 30.2 percent in the first six months to September, citing weak demand in China and the yen's strength against the euro.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359435/Japans-Komatsu.htm
Ford profit beats forecast in N. America :: (ChinaPost.com.tw) - Ford Motor Co. posted a third-quarter profit that trounced Wall Street forecasts on Tuesday, driven by higher vehicle prices and record profit margins of 12 percent in North America.
http://www.chinapost.com.tw/business/company-focus/2012/11/01/359460/Ford-profit.htm
http://managingthedragon.com/?p35
Ford Affiliate to Buy China Truck Maker :: Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China's [...]
http://managingthedragon.com/?p00
Junk Bonds Come To China :: During the decade of the 1970s in the United States, the Dow Jones Industrial Average (DJIA) was stuck at the 800 level, common stock offerings were few and far between, and companies with debt ratings lower than single "A" could not issue bonds. That meant that small and medium-sized enterprises (SMEs), the key job creators [...]
http://managingthedragon.com/?p04
China's SMEs Access The Bond Market :: As financings go, the $7.8 million of three-year bonds that Tri-Tech Holding, Inc. (NASDAQ CM: TRIT) issued last month will not set any records for size. The significance of the financing, however, lies in the fact that it foreshadows a promising new source of capital for China's small and medium-sized private companies. According to research [...]
http://managingthedragon.com/?p84
Get Ready For More China Overseas Investment :: All signs point to the fact that Chinese companies are gearing up to make more overseas direct investments (ODI) in coming years. Moreover, there are indications that they are likely to find more welcoming arms than they have in the past — at least in some circles. First, there’s the anecdotal evidence. Just in the [...]
http://managingthedragon.com/?p56
Making Sense Of China's Numbers :: With most of the world's major economies still sputtering, there isn't a day that goes by that economic and business commentators don't bring up China, and the fact that the biggest, fastest-growing economy in the world is slowing, and dampening the growth prospects for the global economy in the process. If that's not bad enough, [...]
http://managingthedragon.com/?p66
China's Financial Institutions Expand Overseas :: The world's beleaguered financial services industry may begin receiving much needed capital support from an unexpected source—China. Reflecting the relative strength and growth of their country's underlying economy, Chinese banks and securities firms are now following the examples of their industrial cousins and stepping up overseas expansion plans. Ever since I've been in China, the [...]
http://managingthedragon.com/?p49
Lincoln Joins the Luxury Car Race in China :: Last week, the Ford Motor Company (NYSE: "F") announced that it will launch Lincoln in China in the second half of 2014. Ford is currently in negotiations with potential dealers with a goal to establish an independent dealer network for the model that will offer a new level of personalized service not currently offered by [...]
http://managingthedragon.com/?p22
The Missing $1 Billion in the US Trade Complaint :: On September 17, the United States notified the World Trade Organization (WTO) of its request for consultations with China on "China's measures providing subsidies such as grants, loans, foregone government revenue, the provision of goods and services and other incentives contingent upon export performance to automobile and automobile-parts enterprises in China." Under WTO rules and [...]
http://managingthedragon.com/?p33
International Retailers Struggle in China :: In recent weeks, many of the large international retailers have announced changes in their expansion plans for China. Home Depot (NYSE: HD), the large U.S. do it yourself chain, is closing stores, as is Tesco PLC (LSE: TSCO.L), the large U.K. retailer. Even the two earliest entrants into China's retailing industry, Wal-Mart Stores Inc. (NYSE:WMT) [...]
http://managingthedragon.com/?p79
AsusTek sees new EPS high for Q3 :: (ChinaPost.com.tw) - AsusTek, a leading PC brand, yesterday reported third quarter earnings per share of NT$8.92, which could be the highest among publicly listed firms for the quarter ending Sept. 30.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359414/AsusTek-sees.htm
SPIL reveals NT$1.31 earnings per share :: (ChinaPost.com.tw) - Siliconware Precision Industries Ltd. (SPIL), a major integrated circuit testing and packaging firm, yesterday reported net profit of NT$4.059 billion for the first three quarters, translating into earnings per share (EPS) of NT$1.31.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359415/SPIL-reveals.htm
Nan Shan gets EnTie building for NT$1.34 bil. :: (ChinaPost.com.tw) - Nan Shan Life yesterday purchased EnTie Bank's Neihu office building for NT$1.3388 billion, or a premium of 16 percent over the base price of NT$1.15 billion, said DTZ, advisor of the sale.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359416/Nan-Shan.htm
Manufacturing sector more bearish over future: think tank :: (ChinaPost.com.tw) - Taiwan's manufacturing sector has grown more pessimistic about its economic prospects over the next six months amid growing uncertainty over the global economy, an economic think tank reported yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359417/Manufacturing-sector.htm
Brain-damaged engineer's family initiate Foxconn suit :: (ChinaPost.com.tw) - The father of a Foxconn worker left brain-damaged by a factory accident in southern China took the company to court on Tuesday, in a case that heaps more attention on the labor practices of Apple Inc.'s largest contract manufacturer.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359418/Brain-damaged-engineers.htm
US dollar sheds NT$0.014 to close at NT$29.278 on forex :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.014 to close at NT$29.278.
Turnover totaled US$494 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359419/US-dollar.htm
Far Eastern Group chief tells shipping firms to be optimistic :: (ChinaPost.com.tw) - Douglas Hsu, chairman of the Far Eastern Group, yesterday urged shipping operators to be optimistic about the future.
"No matter what happens, we need to be optimistic," Hsu said in Shanghai yesterday, in the capacity as chairman of U-Ming Marine Transport Corp. under the group.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359420/Far-Eastern.htm
Spanish economy slumps in 3rd quarter of '12: official data :: (ChinaPost.com.tw) - Spain's economy wilted in the third quarter of 2012, official data showed Tuesday, as the government imposed a harsh austerity program in the midst of a deep recession.
http://www.chinapost.com.tw/business/europe/2012/10/31/359422/Spanish-economy.htm
Toyota leads Japan charge in new Consumer Reports survey :: (ChinaPost.com.tw) - Japanese brands took the top seven spots in Consumer Reports' annual reliability rankings, pushing aside their U.S. and European rivals. Toyota Motor Corp.'s Scion, Lexus and Toyota brands took the top three spots and the Toyota Prius C, a subcompact hybrid, got the best overall score. Mazda, Subaru, Honda and Acura were close behind.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359423/Toyota-leads.htm
Mobile device search traffic on Baidu sees triple-figure surge :: (ChinaPost.com.tw) - Baidu Inc., China's biggest search engine, said its mobile search traffic has registered triple-digit growth compared with last year amid a transition from personal computers to mobile devices, said a company official.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359424/Mobile-device.htm
Markets unimpressed as BOJ boosts stimulus :: (ChinaPost.com.tw) - The Bank of Japan (BOJ) boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359425/Markets-unimpressed.htm
Japan industrial output falls while unemployment steady :: (ChinaPost.com.tw) - A fresh barrage of negative data on Japan's failing recovery Tuesday pumped up pressure for central bank action to help revive the world's third-largest economy.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359427/Japan-industrial.htm
India's interest rate still 8%, cash reserve ratio drops by 0.25% :: (ChinaPost.com.tw) - India's central bank left its key interest rate unchanged Tuesday, resisting growing pressure from New Delhi to kick start growth even as it slashed its growth forecast and raised its inflation projection for Asia's third-largest economy.
http://www.chinapost.com.tw/business/asia/india/2012/10/31/359428/Indias-interest.htm
Mitsubishi Motors profit improves on slashed costs, nets 10.1 bil. yen in Q2 :: (ChinaPost.com.tw) - Mitsubishi Motors' fiscal second-quarter net profit improved 60 percent to 10.1 billion yen (US$126 million) on cost cuts as the Japanese automaker recovered from last year's disaster despite lagging sales.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359429/Mitsubishi-Motors.htm
BHP Billiton targets 50% growth in Queensland coal within two years :: (ChinaPost.com.tw) - The Anglo-Australian firm plans to grow capacity from 44 million metric tonnes in the year ending June 30, 2012 to 66 million metric tons by the end of 2014, ferrous and Coal Division Chief Executive Marcus Randolph said.
http://www.chinapost.com.tw/business/asia/australia/2012/10/31/359430/BHP-Billiton.htm
Honda, Malaysian carmaker Proton agree to mull cooperative partnership :: (ChinaPost.com.tw) - Malaysian carmaker Proton and Japan's Honda have agreed to explore a cooperative relationship, the companies have said, in troubled Proton's latest attempt at revival through a foreign tie-up.
http://www.chinapost.com.tw/business/asia/malaysia/2012/10/31/359431/Honda-Malaysian.htm
Marriott International plans to double number of properties in Asia by 2016 :: (ChinaPost.com.tw) - Hotel operator Marriott International Inc. says it plans to more than double the number of its properties in Asia in the next four years.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359433/Marriott-International.htm
NZ regulator OKs Vodafone takeover of Australian subsidiary TelstraClear :: (ChinaPost.com.tw) - New Zealand's competition watchdog gave a green light on Tuesday to British telecom giant Vodafone's NZ$840 million (US$689 million) bid for TelstraClear, Australian carrier Telstra's local subsidiary.
http://www.chinapost.com.tw/business/asia/new-zealand/2012/10/31/359434/NZ-regulator.htm
Japan's Komatsu logs profit drop on weak China demand and strong yen :: (ChinaPost.com.tw) - Japan's top construction machinery maker Komatsu said Tuesday its net profit dropped 30.2 percent in the first six months to September, citing weak demand in China and the yen's strength against the euro.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359435/Japans-Komatsu.htm
Ford profit beats forecast in N. America :: (ChinaPost.com.tw) - Ford Motor Co. posted a third-quarter profit that trounced Wall Street forecasts on Tuesday, driven by higher vehicle prices and record profit margins of 12 percent in North America.
http://www.chinapost.com.tw/business/company-focus/2012/11/01/359460/Ford-profit.htm
01-Nov-2012 05:50
Cramer Likes Joy Because China Is "Turning Up" :: Mad Money's Jim Cramer likes Joy Global, Inc. (NYSE: JOY) and rates the company a "Buy." Why? In Cramer's view, China is at the bottom of its economic cycle and is turning up. Therefore, the world's second-largest economy will need more coal to make the electricity to power its growth, and with it, the type of mining [...]
http://managingthedragon.com/?p35
Ford Affiliate to Buy China Truck Maker :: Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China's [...]
http://managingthedragon.com/?p00
Junk Bonds Come To China :: During the decade of the 1970s in the United States, the Dow Jones Industrial Average (DJIA) was stuck at the 800 level, common stock offerings were few and far between, and companies with debt ratings lower than single "A" could not issue bonds. That meant that small and medium-sized enterprises (SMEs), the key job creators [...]
http://managingthedragon.com/?p04
China's SMEs Access The Bond Market :: As financings go, the $7.8 million of three-year bonds that Tri-Tech Holding, Inc. (NASDAQ CM: TRIT) issued last month will not set any records for size. The significance of the financing, however, lies in the fact that it foreshadows a promising new source of capital for China's small and medium-sized private companies. According to research [...]
http://managingthedragon.com/?p84
Get Ready For More China Overseas Investment :: All signs point to the fact that Chinese companies are gearing up to make more overseas direct investments (ODI) in coming years. Moreover, there are indications that they are likely to find more welcoming arms than they have in the past — at least in some circles. First, there’s the anecdotal evidence. Just in the [...]
http://managingthedragon.com/?p56
Making Sense Of China's Numbers :: With most of the world's major economies still sputtering, there isn't a day that goes by that economic and business commentators don't bring up China, and the fact that the biggest, fastest-growing economy in the world is slowing, and dampening the growth prospects for the global economy in the process. If that's not bad enough, [...]
http://managingthedragon.com/?p66
China's Financial Institutions Expand Overseas :: The world's beleaguered financial services industry may begin receiving much needed capital support from an unexpected source—China. Reflecting the relative strength and growth of their country's underlying economy, Chinese banks and securities firms are now following the examples of their industrial cousins and stepping up overseas expansion plans. Ever since I've been in China, the [...]
http://managingthedragon.com/?p49
Lincoln Joins the Luxury Car Race in China :: Last week, the Ford Motor Company (NYSE: "F") announced that it will launch Lincoln in China in the second half of 2014. Ford is currently in negotiations with potential dealers with a goal to establish an independent dealer network for the model that will offer a new level of personalized service not currently offered by [...]
http://managingthedragon.com/?p22
The Missing $1 Billion in the US Trade Complaint :: On September 17, the United States notified the World Trade Organization (WTO) of its request for consultations with China on "China's measures providing subsidies such as grants, loans, foregone government revenue, the provision of goods and services and other incentives contingent upon export performance to automobile and automobile-parts enterprises in China." Under WTO rules and [...]
http://managingthedragon.com/?p33
International Retailers Struggle in China :: In recent weeks, many of the large international retailers have announced changes in their expansion plans for China. Home Depot (NYSE: HD), the large U.S. do it yourself chain, is closing stores, as is Tesco PLC (LSE: TSCO.L), the large U.K. retailer. Even the two earliest entrants into China's retailing industry, Wal-Mart Stores Inc. (NYSE:WMT) [...]
http://managingthedragon.com/?p79
AsusTek sees new EPS high for Q3 :: (ChinaPost.com.tw) - AsusTek, a leading PC brand, yesterday reported third quarter earnings per share of NT$8.92, which could be the highest among publicly listed firms for the quarter ending Sept. 30.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359414/AsusTek-sees.htm
SPIL reveals NT$1.31 earnings per share :: (ChinaPost.com.tw) - Siliconware Precision Industries Ltd. (SPIL), a major integrated circuit testing and packaging firm, yesterday reported net profit of NT$4.059 billion for the first three quarters, translating into earnings per share (EPS) of NT$1.31.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359415/SPIL-reveals.htm
Nan Shan gets EnTie building for NT$1.34 bil. :: (ChinaPost.com.tw) - Nan Shan Life yesterday purchased EnTie Bank's Neihu office building for NT$1.3388 billion, or a premium of 16 percent over the base price of NT$1.15 billion, said DTZ, advisor of the sale.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359416/Nan-Shan.htm
Manufacturing sector more bearish over future: think tank :: (ChinaPost.com.tw) - Taiwan's manufacturing sector has grown more pessimistic about its economic prospects over the next six months amid growing uncertainty over the global economy, an economic think tank reported yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359417/Manufacturing-sector.htm
Brain-damaged engineer's family initiate Foxconn suit :: (ChinaPost.com.tw) - The father of a Foxconn worker left brain-damaged by a factory accident in southern China took the company to court on Tuesday, in a case that heaps more attention on the labor practices of Apple Inc.'s largest contract manufacturer.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359418/Brain-damaged-engineers.htm
US dollar sheds NT$0.014 to close at NT$29.278 on forex :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.014 to close at NT$29.278.
Turnover totaled US$494 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359419/US-dollar.htm
Far Eastern Group chief tells shipping firms to be optimistic :: (ChinaPost.com.tw) - Douglas Hsu, chairman of the Far Eastern Group, yesterday urged shipping operators to be optimistic about the future.
"No matter what happens, we need to be optimistic," Hsu said in Shanghai yesterday, in the capacity as chairman of U-Ming Marine Transport Corp. under the group.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359420/Far-Eastern.htm
Spanish economy slumps in 3rd quarter of '12: official data :: (ChinaPost.com.tw) - Spain's economy wilted in the third quarter of 2012, official data showed Tuesday, as the government imposed a harsh austerity program in the midst of a deep recession.
http://www.chinapost.com.tw/business/europe/2012/10/31/359422/Spanish-economy.htm
Toyota leads Japan charge in new Consumer Reports survey :: (ChinaPost.com.tw) - Japanese brands took the top seven spots in Consumer Reports' annual reliability rankings, pushing aside their U.S. and European rivals. Toyota Motor Corp.'s Scion, Lexus and Toyota brands took the top three spots and the Toyota Prius C, a subcompact hybrid, got the best overall score. Mazda, Subaru, Honda and Acura were close behind.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359423/Toyota-leads.htm
Mobile device search traffic on Baidu sees triple-figure surge :: (ChinaPost.com.tw) - Baidu Inc., China's biggest search engine, said its mobile search traffic has registered triple-digit growth compared with last year amid a transition from personal computers to mobile devices, said a company official.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359424/Mobile-device.htm
Markets unimpressed as BOJ boosts stimulus :: (ChinaPost.com.tw) - The Bank of Japan (BOJ) boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359425/Markets-unimpressed.htm
Japan industrial output falls while unemployment steady :: (ChinaPost.com.tw) - A fresh barrage of negative data on Japan's failing recovery Tuesday pumped up pressure for central bank action to help revive the world's third-largest economy.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359427/Japan-industrial.htm
India's interest rate still 8%, cash reserve ratio drops by 0.25% :: (ChinaPost.com.tw) - India's central bank left its key interest rate unchanged Tuesday, resisting growing pressure from New Delhi to kick start growth even as it slashed its growth forecast and raised its inflation projection for Asia's third-largest economy.
http://www.chinapost.com.tw/business/asia/india/2012/10/31/359428/Indias-interest.htm
Mitsubishi Motors profit improves on slashed costs, nets 10.1 bil. yen in Q2 :: (ChinaPost.com.tw) - Mitsubishi Motors' fiscal second-quarter net profit improved 60 percent to 10.1 billion yen (US$126 million) on cost cuts as the Japanese automaker recovered from last year's disaster despite lagging sales.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359429/Mitsubishi-Motors.htm
BHP Billiton targets 50% growth in Queensland coal within two years :: (ChinaPost.com.tw) - The Anglo-Australian firm plans to grow capacity from 44 million metric tonnes in the year ending June 30, 2012 to 66 million metric tons by the end of 2014, ferrous and Coal Division Chief Executive Marcus Randolph said.
http://www.chinapost.com.tw/business/asia/australia/2012/10/31/359430/BHP-Billiton.htm
Honda, Malaysian carmaker Proton agree to mull cooperative partnership :: (ChinaPost.com.tw) - Malaysian carmaker Proton and Japan's Honda have agreed to explore a cooperative relationship, the companies have said, in troubled Proton's latest attempt at revival through a foreign tie-up.
http://www.chinapost.com.tw/business/asia/malaysia/2012/10/31/359431/Honda-Malaysian.htm
Marriott International plans to double number of properties in Asia by 2016 :: (ChinaPost.com.tw) - Hotel operator Marriott International Inc. says it plans to more than double the number of its properties in Asia in the next four years.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359433/Marriott-International.htm
NZ regulator OKs Vodafone takeover of Australian subsidiary TelstraClear :: (ChinaPost.com.tw) - New Zealand's competition watchdog gave a green light on Tuesday to British telecom giant Vodafone's NZ$840 million (US$689 million) bid for TelstraClear, Australian carrier Telstra's local subsidiary.
http://www.chinapost.com.tw/business/asia/new-zealand/2012/10/31/359434/NZ-regulator.htm
Japan's Komatsu logs profit drop on weak China demand and strong yen :: (ChinaPost.com.tw) - Japan's top construction machinery maker Komatsu said Tuesday its net profit dropped 30.2 percent in the first six months to September, citing weak demand in China and the yen's strength against the euro.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359435/Japans-Komatsu.htm
Ford profit beats forecast in N. America :: (ChinaPost.com.tw) - Ford Motor Co. posted a third-quarter profit that trounced Wall Street forecasts on Tuesday, driven by higher vehicle prices and record profit margins of 12 percent in North America.
http://www.chinapost.com.tw/business/company-focus/2012/11/01/359460/Ford-profit.htm
http://managingthedragon.com/?p35
Ford Affiliate to Buy China Truck Maker :: Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China's [...]
http://managingthedragon.com/?p00
Junk Bonds Come To China :: During the decade of the 1970s in the United States, the Dow Jones Industrial Average (DJIA) was stuck at the 800 level, common stock offerings were few and far between, and companies with debt ratings lower than single "A" could not issue bonds. That meant that small and medium-sized enterprises (SMEs), the key job creators [...]
http://managingthedragon.com/?p04
China's SMEs Access The Bond Market :: As financings go, the $7.8 million of three-year bonds that Tri-Tech Holding, Inc. (NASDAQ CM: TRIT) issued last month will not set any records for size. The significance of the financing, however, lies in the fact that it foreshadows a promising new source of capital for China's small and medium-sized private companies. According to research [...]
http://managingthedragon.com/?p84
Get Ready For More China Overseas Investment :: All signs point to the fact that Chinese companies are gearing up to make more overseas direct investments (ODI) in coming years. Moreover, there are indications that they are likely to find more welcoming arms than they have in the past — at least in some circles. First, there’s the anecdotal evidence. Just in the [...]
http://managingthedragon.com/?p56
Making Sense Of China's Numbers :: With most of the world's major economies still sputtering, there isn't a day that goes by that economic and business commentators don't bring up China, and the fact that the biggest, fastest-growing economy in the world is slowing, and dampening the growth prospects for the global economy in the process. If that's not bad enough, [...]
http://managingthedragon.com/?p66
China's Financial Institutions Expand Overseas :: The world's beleaguered financial services industry may begin receiving much needed capital support from an unexpected source—China. Reflecting the relative strength and growth of their country's underlying economy, Chinese banks and securities firms are now following the examples of their industrial cousins and stepping up overseas expansion plans. Ever since I've been in China, the [...]
http://managingthedragon.com/?p49
Lincoln Joins the Luxury Car Race in China :: Last week, the Ford Motor Company (NYSE: "F") announced that it will launch Lincoln in China in the second half of 2014. Ford is currently in negotiations with potential dealers with a goal to establish an independent dealer network for the model that will offer a new level of personalized service not currently offered by [...]
http://managingthedragon.com/?p22
The Missing $1 Billion in the US Trade Complaint :: On September 17, the United States notified the World Trade Organization (WTO) of its request for consultations with China on "China's measures providing subsidies such as grants, loans, foregone government revenue, the provision of goods and services and other incentives contingent upon export performance to automobile and automobile-parts enterprises in China." Under WTO rules and [...]
http://managingthedragon.com/?p33
International Retailers Struggle in China :: In recent weeks, many of the large international retailers have announced changes in their expansion plans for China. Home Depot (NYSE: HD), the large U.S. do it yourself chain, is closing stores, as is Tesco PLC (LSE: TSCO.L), the large U.K. retailer. Even the two earliest entrants into China's retailing industry, Wal-Mart Stores Inc. (NYSE:WMT) [...]
http://managingthedragon.com/?p79
AsusTek sees new EPS high for Q3 :: (ChinaPost.com.tw) - AsusTek, a leading PC brand, yesterday reported third quarter earnings per share of NT$8.92, which could be the highest among publicly listed firms for the quarter ending Sept. 30.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359414/AsusTek-sees.htm
SPIL reveals NT$1.31 earnings per share :: (ChinaPost.com.tw) - Siliconware Precision Industries Ltd. (SPIL), a major integrated circuit testing and packaging firm, yesterday reported net profit of NT$4.059 billion for the first three quarters, translating into earnings per share (EPS) of NT$1.31.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359415/SPIL-reveals.htm
Nan Shan gets EnTie building for NT$1.34 bil. :: (ChinaPost.com.tw) - Nan Shan Life yesterday purchased EnTie Bank's Neihu office building for NT$1.3388 billion, or a premium of 16 percent over the base price of NT$1.15 billion, said DTZ, advisor of the sale.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359416/Nan-Shan.htm
Manufacturing sector more bearish over future: think tank :: (ChinaPost.com.tw) - Taiwan's manufacturing sector has grown more pessimistic about its economic prospects over the next six months amid growing uncertainty over the global economy, an economic think tank reported yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359417/Manufacturing-sector.htm
Brain-damaged engineer's family initiate Foxconn suit :: (ChinaPost.com.tw) - The father of a Foxconn worker left brain-damaged by a factory accident in southern China took the company to court on Tuesday, in a case that heaps more attention on the labor practices of Apple Inc.'s largest contract manufacturer.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359418/Brain-damaged-engineers.htm
US dollar sheds NT$0.014 to close at NT$29.278 on forex :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.014 to close at NT$29.278.
Turnover totaled US$494 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359419/US-dollar.htm
Far Eastern Group chief tells shipping firms to be optimistic :: (ChinaPost.com.tw) - Douglas Hsu, chairman of the Far Eastern Group, yesterday urged shipping operators to be optimistic about the future.
"No matter what happens, we need to be optimistic," Hsu said in Shanghai yesterday, in the capacity as chairman of U-Ming Marine Transport Corp. under the group.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359420/Far-Eastern.htm
Spanish economy slumps in 3rd quarter of '12: official data :: (ChinaPost.com.tw) - Spain's economy wilted in the third quarter of 2012, official data showed Tuesday, as the government imposed a harsh austerity program in the midst of a deep recession.
http://www.chinapost.com.tw/business/europe/2012/10/31/359422/Spanish-economy.htm
Toyota leads Japan charge in new Consumer Reports survey :: (ChinaPost.com.tw) - Japanese brands took the top seven spots in Consumer Reports' annual reliability rankings, pushing aside their U.S. and European rivals. Toyota Motor Corp.'s Scion, Lexus and Toyota brands took the top three spots and the Toyota Prius C, a subcompact hybrid, got the best overall score. Mazda, Subaru, Honda and Acura were close behind.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359423/Toyota-leads.htm
Mobile device search traffic on Baidu sees triple-figure surge :: (ChinaPost.com.tw) - Baidu Inc., China's biggest search engine, said its mobile search traffic has registered triple-digit growth compared with last year amid a transition from personal computers to mobile devices, said a company official.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359424/Mobile-device.htm
Markets unimpressed as BOJ boosts stimulus :: (ChinaPost.com.tw) - The Bank of Japan (BOJ) boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359425/Markets-unimpressed.htm
Japan industrial output falls while unemployment steady :: (ChinaPost.com.tw) - A fresh barrage of negative data on Japan's failing recovery Tuesday pumped up pressure for central bank action to help revive the world's third-largest economy.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359427/Japan-industrial.htm
India's interest rate still 8%, cash reserve ratio drops by 0.25% :: (ChinaPost.com.tw) - India's central bank left its key interest rate unchanged Tuesday, resisting growing pressure from New Delhi to kick start growth even as it slashed its growth forecast and raised its inflation projection for Asia's third-largest economy.
http://www.chinapost.com.tw/business/asia/india/2012/10/31/359428/Indias-interest.htm
Mitsubishi Motors profit improves on slashed costs, nets 10.1 bil. yen in Q2 :: (ChinaPost.com.tw) - Mitsubishi Motors' fiscal second-quarter net profit improved 60 percent to 10.1 billion yen (US$126 million) on cost cuts as the Japanese automaker recovered from last year's disaster despite lagging sales.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359429/Mitsubishi-Motors.htm
BHP Billiton targets 50% growth in Queensland coal within two years :: (ChinaPost.com.tw) - The Anglo-Australian firm plans to grow capacity from 44 million metric tonnes in the year ending June 30, 2012 to 66 million metric tons by the end of 2014, ferrous and Coal Division Chief Executive Marcus Randolph said.
http://www.chinapost.com.tw/business/asia/australia/2012/10/31/359430/BHP-Billiton.htm
Honda, Malaysian carmaker Proton agree to mull cooperative partnership :: (ChinaPost.com.tw) - Malaysian carmaker Proton and Japan's Honda have agreed to explore a cooperative relationship, the companies have said, in troubled Proton's latest attempt at revival through a foreign tie-up.
http://www.chinapost.com.tw/business/asia/malaysia/2012/10/31/359431/Honda-Malaysian.htm
Marriott International plans to double number of properties in Asia by 2016 :: (ChinaPost.com.tw) - Hotel operator Marriott International Inc. says it plans to more than double the number of its properties in Asia in the next four years.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359433/Marriott-International.htm
NZ regulator OKs Vodafone takeover of Australian subsidiary TelstraClear :: (ChinaPost.com.tw) - New Zealand's competition watchdog gave a green light on Tuesday to British telecom giant Vodafone's NZ$840 million (US$689 million) bid for TelstraClear, Australian carrier Telstra's local subsidiary.
http://www.chinapost.com.tw/business/asia/new-zealand/2012/10/31/359434/NZ-regulator.htm
Japan's Komatsu logs profit drop on weak China demand and strong yen :: (ChinaPost.com.tw) - Japan's top construction machinery maker Komatsu said Tuesday its net profit dropped 30.2 percent in the first six months to September, citing weak demand in China and the yen's strength against the euro.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359435/Japans-Komatsu.htm
Ford profit beats forecast in N. America :: (ChinaPost.com.tw) - Ford Motor Co. posted a third-quarter profit that trounced Wall Street forecasts on Tuesday, driven by higher vehicle prices and record profit margins of 12 percent in North America.
http://www.chinapost.com.tw/business/company-focus/2012/11/01/359460/Ford-profit.htm
01-Nov-2012 04:49
Cramer Likes Joy Because China Is "Turning Up" :: Mad Money's Jim Cramer likes Joy Global, Inc. (NYSE: JOY) and rates the company a "Buy." Why? In Cramer's view, China is at the bottom of its economic cycle and is turning up. Therefore, the world's second-largest economy will need more coal to make the electricity to power its growth, and with it, the type of mining [...]
http://managingthedragon.com/?p35
Ford Affiliate to Buy China Truck Maker :: Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China's [...]
http://managingthedragon.com/?p00
Junk Bonds Come To China :: During the decade of the 1970s in the United States, the Dow Jones Industrial Average (DJIA) was stuck at the 800 level, common stock offerings were few and far between, and companies with debt ratings lower than single "A" could not issue bonds. That meant that small and medium-sized enterprises (SMEs), the key job creators [...]
http://managingthedragon.com/?p04
China's SMEs Access The Bond Market :: As financings go, the $7.8 million of three-year bonds that Tri-Tech Holding, Inc. (NASDAQ CM: TRIT) issued last month will not set any records for size. The significance of the financing, however, lies in the fact that it foreshadows a promising new source of capital for China's small and medium-sized private companies. According to research [...]
http://managingthedragon.com/?p84
Get Ready For More China Overseas Investment :: All signs point to the fact that Chinese companies are gearing up to make more overseas direct investments (ODI) in coming years. Moreover, there are indications that they are likely to find more welcoming arms than they have in the past — at least in some circles. First, there’s the anecdotal evidence. Just in the [...]
http://managingthedragon.com/?p56
Making Sense Of China's Numbers :: With most of the world's major economies still sputtering, there isn't a day that goes by that economic and business commentators don't bring up China, and the fact that the biggest, fastest-growing economy in the world is slowing, and dampening the growth prospects for the global economy in the process. If that's not bad enough, [...]
http://managingthedragon.com/?p66
China's Financial Institutions Expand Overseas :: The world's beleaguered financial services industry may begin receiving much needed capital support from an unexpected source—China. Reflecting the relative strength and growth of their country's underlying economy, Chinese banks and securities firms are now following the examples of their industrial cousins and stepping up overseas expansion plans. Ever since I've been in China, the [...]
http://managingthedragon.com/?p49
Lincoln Joins the Luxury Car Race in China :: Last week, the Ford Motor Company (NYSE: "F") announced that it will launch Lincoln in China in the second half of 2014. Ford is currently in negotiations with potential dealers with a goal to establish an independent dealer network for the model that will offer a new level of personalized service not currently offered by [...]
http://managingthedragon.com/?p22
The Missing $1 Billion in the US Trade Complaint :: On September 17, the United States notified the World Trade Organization (WTO) of its request for consultations with China on "China's measures providing subsidies such as grants, loans, foregone government revenue, the provision of goods and services and other incentives contingent upon export performance to automobile and automobile-parts enterprises in China." Under WTO rules and [...]
http://managingthedragon.com/?p33
International Retailers Struggle in China :: In recent weeks, many of the large international retailers have announced changes in their expansion plans for China. Home Depot (NYSE: HD), the large U.S. do it yourself chain, is closing stores, as is Tesco PLC (LSE: TSCO.L), the large U.K. retailer. Even the two earliest entrants into China's retailing industry, Wal-Mart Stores Inc. (NYSE:WMT) [...]
http://managingthedragon.com/?p79
AsusTek sees new EPS high for Q3 :: (ChinaPost.com.tw) - AsusTek, a leading PC brand, yesterday reported third quarter earnings per share of NT$8.92, which could be the highest among publicly listed firms for the quarter ending Sept. 30.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359414/AsusTek-sees.htm
SPIL reveals NT$1.31 earnings per share :: (ChinaPost.com.tw) - Siliconware Precision Industries Ltd. (SPIL), a major integrated circuit testing and packaging firm, yesterday reported net profit of NT$4.059 billion for the first three quarters, translating into earnings per share (EPS) of NT$1.31.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359415/SPIL-reveals.htm
Nan Shan gets EnTie building for NT$1.34 bil. :: (ChinaPost.com.tw) - Nan Shan Life yesterday purchased EnTie Bank's Neihu office building for NT$1.3388 billion, or a premium of 16 percent over the base price of NT$1.15 billion, said DTZ, advisor of the sale.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359416/Nan-Shan.htm
Manufacturing sector more bearish over future: think tank :: (ChinaPost.com.tw) - Taiwan's manufacturing sector has grown more pessimistic about its economic prospects over the next six months amid growing uncertainty over the global economy, an economic think tank reported yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359417/Manufacturing-sector.htm
Brain-damaged engineer's family initiate Foxconn suit :: (ChinaPost.com.tw) - The father of a Foxconn worker left brain-damaged by a factory accident in southern China took the company to court on Tuesday, in a case that heaps more attention on the labor practices of Apple Inc.'s largest contract manufacturer.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359418/Brain-damaged-engineers.htm
US dollar sheds NT$0.014 to close at NT$29.278 on forex :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.014 to close at NT$29.278.
Turnover totaled US$494 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359419/US-dollar.htm
Far Eastern Group chief tells shipping firms to be optimistic :: (ChinaPost.com.tw) - Douglas Hsu, chairman of the Far Eastern Group, yesterday urged shipping operators to be optimistic about the future.
"No matter what happens, we need to be optimistic," Hsu said in Shanghai yesterday, in the capacity as chairman of U-Ming Marine Transport Corp. under the group.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359420/Far-Eastern.htm
Spanish economy slumps in 3rd quarter of '12: official data :: (ChinaPost.com.tw) - Spain's economy wilted in the third quarter of 2012, official data showed Tuesday, as the government imposed a harsh austerity program in the midst of a deep recession.
http://www.chinapost.com.tw/business/europe/2012/10/31/359422/Spanish-economy.htm
Toyota leads Japan charge in new Consumer Reports survey :: (ChinaPost.com.tw) - Japanese brands took the top seven spots in Consumer Reports' annual reliability rankings, pushing aside their U.S. and European rivals. Toyota Motor Corp.'s Scion, Lexus and Toyota brands took the top three spots and the Toyota Prius C, a subcompact hybrid, got the best overall score. Mazda, Subaru, Honda and Acura were close behind.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359423/Toyota-leads.htm
Mobile device search traffic on Baidu sees triple-figure surge :: (ChinaPost.com.tw) - Baidu Inc., China's biggest search engine, said its mobile search traffic has registered triple-digit growth compared with last year amid a transition from personal computers to mobile devices, said a company official.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359424/Mobile-device.htm
Markets unimpressed as BOJ boosts stimulus :: (ChinaPost.com.tw) - The Bank of Japan (BOJ) boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359425/Markets-unimpressed.htm
Japan industrial output falls while unemployment steady :: (ChinaPost.com.tw) - A fresh barrage of negative data on Japan's failing recovery Tuesday pumped up pressure for central bank action to help revive the world's third-largest economy.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359427/Japan-industrial.htm
India's interest rate still 8%, cash reserve ratio drops by 0.25% :: (ChinaPost.com.tw) - India's central bank left its key interest rate unchanged Tuesday, resisting growing pressure from New Delhi to kick start growth even as it slashed its growth forecast and raised its inflation projection for Asia's third-largest economy.
http://www.chinapost.com.tw/business/asia/india/2012/10/31/359428/Indias-interest.htm
Mitsubishi Motors profit improves on slashed costs, nets 10.1 bil. yen in Q2 :: (ChinaPost.com.tw) - Mitsubishi Motors' fiscal second-quarter net profit improved 60 percent to 10.1 billion yen (US$126 million) on cost cuts as the Japanese automaker recovered from last year's disaster despite lagging sales.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359429/Mitsubishi-Motors.htm
BHP Billiton targets 50% growth in Queensland coal within two years :: (ChinaPost.com.tw) - The Anglo-Australian firm plans to grow capacity from 44 million metric tonnes in the year ending June 30, 2012 to 66 million metric tons by the end of 2014, ferrous and Coal Division Chief Executive Marcus Randolph said.
http://www.chinapost.com.tw/business/asia/australia/2012/10/31/359430/BHP-Billiton.htm
Honda, Malaysian carmaker Proton agree to mull cooperative partnership :: (ChinaPost.com.tw) - Malaysian carmaker Proton and Japan's Honda have agreed to explore a cooperative relationship, the companies have said, in troubled Proton's latest attempt at revival through a foreign tie-up.
http://www.chinapost.com.tw/business/asia/malaysia/2012/10/31/359431/Honda-Malaysian.htm
Marriott International plans to double number of properties in Asia by 2016 :: (ChinaPost.com.tw) - Hotel operator Marriott International Inc. says it plans to more than double the number of its properties in Asia in the next four years.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359433/Marriott-International.htm
NZ regulator OKs Vodafone takeover of Australian subsidiary TelstraClear :: (ChinaPost.com.tw) - New Zealand's competition watchdog gave a green light on Tuesday to British telecom giant Vodafone's NZ$840 million (US$689 million) bid for TelstraClear, Australian carrier Telstra's local subsidiary.
http://www.chinapost.com.tw/business/asia/new-zealand/2012/10/31/359434/NZ-regulator.htm
Japan's Komatsu logs profit drop on weak China demand and strong yen :: (ChinaPost.com.tw) - Japan's top construction machinery maker Komatsu said Tuesday its net profit dropped 30.2 percent in the first six months to September, citing weak demand in China and the yen's strength against the euro.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359435/Japans-Komatsu.htm
Ford profit beats forecast in N. America :: (ChinaPost.com.tw) - Ford Motor Co. posted a third-quarter profit that trounced Wall Street forecasts on Tuesday, driven by higher vehicle prices and record profit margins of 12 percent in North America.
http://www.chinapost.com.tw/business/company-focus/2012/11/01/359460/Ford-profit.htm
http://managingthedragon.com/?p35
Ford Affiliate to Buy China Truck Maker :: Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China's [...]
http://managingthedragon.com/?p00
Junk Bonds Come To China :: During the decade of the 1970s in the United States, the Dow Jones Industrial Average (DJIA) was stuck at the 800 level, common stock offerings were few and far between, and companies with debt ratings lower than single "A" could not issue bonds. That meant that small and medium-sized enterprises (SMEs), the key job creators [...]
http://managingthedragon.com/?p04
China's SMEs Access The Bond Market :: As financings go, the $7.8 million of three-year bonds that Tri-Tech Holding, Inc. (NASDAQ CM: TRIT) issued last month will not set any records for size. The significance of the financing, however, lies in the fact that it foreshadows a promising new source of capital for China's small and medium-sized private companies. According to research [...]
http://managingthedragon.com/?p84
Get Ready For More China Overseas Investment :: All signs point to the fact that Chinese companies are gearing up to make more overseas direct investments (ODI) in coming years. Moreover, there are indications that they are likely to find more welcoming arms than they have in the past — at least in some circles. First, there’s the anecdotal evidence. Just in the [...]
http://managingthedragon.com/?p56
Making Sense Of China's Numbers :: With most of the world's major economies still sputtering, there isn't a day that goes by that economic and business commentators don't bring up China, and the fact that the biggest, fastest-growing economy in the world is slowing, and dampening the growth prospects for the global economy in the process. If that's not bad enough, [...]
http://managingthedragon.com/?p66
China's Financial Institutions Expand Overseas :: The world's beleaguered financial services industry may begin receiving much needed capital support from an unexpected source—China. Reflecting the relative strength and growth of their country's underlying economy, Chinese banks and securities firms are now following the examples of their industrial cousins and stepping up overseas expansion plans. Ever since I've been in China, the [...]
http://managingthedragon.com/?p49
Lincoln Joins the Luxury Car Race in China :: Last week, the Ford Motor Company (NYSE: "F") announced that it will launch Lincoln in China in the second half of 2014. Ford is currently in negotiations with potential dealers with a goal to establish an independent dealer network for the model that will offer a new level of personalized service not currently offered by [...]
http://managingthedragon.com/?p22
The Missing $1 Billion in the US Trade Complaint :: On September 17, the United States notified the World Trade Organization (WTO) of its request for consultations with China on "China's measures providing subsidies such as grants, loans, foregone government revenue, the provision of goods and services and other incentives contingent upon export performance to automobile and automobile-parts enterprises in China." Under WTO rules and [...]
http://managingthedragon.com/?p33
International Retailers Struggle in China :: In recent weeks, many of the large international retailers have announced changes in their expansion plans for China. Home Depot (NYSE: HD), the large U.S. do it yourself chain, is closing stores, as is Tesco PLC (LSE: TSCO.L), the large U.K. retailer. Even the two earliest entrants into China's retailing industry, Wal-Mart Stores Inc. (NYSE:WMT) [...]
http://managingthedragon.com/?p79
AsusTek sees new EPS high for Q3 :: (ChinaPost.com.tw) - AsusTek, a leading PC brand, yesterday reported third quarter earnings per share of NT$8.92, which could be the highest among publicly listed firms for the quarter ending Sept. 30.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359414/AsusTek-sees.htm
SPIL reveals NT$1.31 earnings per share :: (ChinaPost.com.tw) - Siliconware Precision Industries Ltd. (SPIL), a major integrated circuit testing and packaging firm, yesterday reported net profit of NT$4.059 billion for the first three quarters, translating into earnings per share (EPS) of NT$1.31.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359415/SPIL-reveals.htm
Nan Shan gets EnTie building for NT$1.34 bil. :: (ChinaPost.com.tw) - Nan Shan Life yesterday purchased EnTie Bank's Neihu office building for NT$1.3388 billion, or a premium of 16 percent over the base price of NT$1.15 billion, said DTZ, advisor of the sale.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359416/Nan-Shan.htm
Manufacturing sector more bearish over future: think tank :: (ChinaPost.com.tw) - Taiwan's manufacturing sector has grown more pessimistic about its economic prospects over the next six months amid growing uncertainty over the global economy, an economic think tank reported yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359417/Manufacturing-sector.htm
Brain-damaged engineer's family initiate Foxconn suit :: (ChinaPost.com.tw) - The father of a Foxconn worker left brain-damaged by a factory accident in southern China took the company to court on Tuesday, in a case that heaps more attention on the labor practices of Apple Inc.'s largest contract manufacturer.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359418/Brain-damaged-engineers.htm
US dollar sheds NT$0.014 to close at NT$29.278 on forex :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.014 to close at NT$29.278.
Turnover totaled US$494 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359419/US-dollar.htm
Far Eastern Group chief tells shipping firms to be optimistic :: (ChinaPost.com.tw) - Douglas Hsu, chairman of the Far Eastern Group, yesterday urged shipping operators to be optimistic about the future.
"No matter what happens, we need to be optimistic," Hsu said in Shanghai yesterday, in the capacity as chairman of U-Ming Marine Transport Corp. under the group.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359420/Far-Eastern.htm
Spanish economy slumps in 3rd quarter of '12: official data :: (ChinaPost.com.tw) - Spain's economy wilted in the third quarter of 2012, official data showed Tuesday, as the government imposed a harsh austerity program in the midst of a deep recession.
http://www.chinapost.com.tw/business/europe/2012/10/31/359422/Spanish-economy.htm
Toyota leads Japan charge in new Consumer Reports survey :: (ChinaPost.com.tw) - Japanese brands took the top seven spots in Consumer Reports' annual reliability rankings, pushing aside their U.S. and European rivals. Toyota Motor Corp.'s Scion, Lexus and Toyota brands took the top three spots and the Toyota Prius C, a subcompact hybrid, got the best overall score. Mazda, Subaru, Honda and Acura were close behind.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359423/Toyota-leads.htm
Mobile device search traffic on Baidu sees triple-figure surge :: (ChinaPost.com.tw) - Baidu Inc., China's biggest search engine, said its mobile search traffic has registered triple-digit growth compared with last year amid a transition from personal computers to mobile devices, said a company official.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359424/Mobile-device.htm
Markets unimpressed as BOJ boosts stimulus :: (ChinaPost.com.tw) - The Bank of Japan (BOJ) boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359425/Markets-unimpressed.htm
Japan industrial output falls while unemployment steady :: (ChinaPost.com.tw) - A fresh barrage of negative data on Japan's failing recovery Tuesday pumped up pressure for central bank action to help revive the world's third-largest economy.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359427/Japan-industrial.htm
India's interest rate still 8%, cash reserve ratio drops by 0.25% :: (ChinaPost.com.tw) - India's central bank left its key interest rate unchanged Tuesday, resisting growing pressure from New Delhi to kick start growth even as it slashed its growth forecast and raised its inflation projection for Asia's third-largest economy.
http://www.chinapost.com.tw/business/asia/india/2012/10/31/359428/Indias-interest.htm
Mitsubishi Motors profit improves on slashed costs, nets 10.1 bil. yen in Q2 :: (ChinaPost.com.tw) - Mitsubishi Motors' fiscal second-quarter net profit improved 60 percent to 10.1 billion yen (US$126 million) on cost cuts as the Japanese automaker recovered from last year's disaster despite lagging sales.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359429/Mitsubishi-Motors.htm
BHP Billiton targets 50% growth in Queensland coal within two years :: (ChinaPost.com.tw) - The Anglo-Australian firm plans to grow capacity from 44 million metric tonnes in the year ending June 30, 2012 to 66 million metric tons by the end of 2014, ferrous and Coal Division Chief Executive Marcus Randolph said.
http://www.chinapost.com.tw/business/asia/australia/2012/10/31/359430/BHP-Billiton.htm
Honda, Malaysian carmaker Proton agree to mull cooperative partnership :: (ChinaPost.com.tw) - Malaysian carmaker Proton and Japan's Honda have agreed to explore a cooperative relationship, the companies have said, in troubled Proton's latest attempt at revival through a foreign tie-up.
http://www.chinapost.com.tw/business/asia/malaysia/2012/10/31/359431/Honda-Malaysian.htm
Marriott International plans to double number of properties in Asia by 2016 :: (ChinaPost.com.tw) - Hotel operator Marriott International Inc. says it plans to more than double the number of its properties in Asia in the next four years.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359433/Marriott-International.htm
NZ regulator OKs Vodafone takeover of Australian subsidiary TelstraClear :: (ChinaPost.com.tw) - New Zealand's competition watchdog gave a green light on Tuesday to British telecom giant Vodafone's NZ$840 million (US$689 million) bid for TelstraClear, Australian carrier Telstra's local subsidiary.
http://www.chinapost.com.tw/business/asia/new-zealand/2012/10/31/359434/NZ-regulator.htm
Japan's Komatsu logs profit drop on weak China demand and strong yen :: (ChinaPost.com.tw) - Japan's top construction machinery maker Komatsu said Tuesday its net profit dropped 30.2 percent in the first six months to September, citing weak demand in China and the yen's strength against the euro.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359435/Japans-Komatsu.htm
Ford profit beats forecast in N. America :: (ChinaPost.com.tw) - Ford Motor Co. posted a third-quarter profit that trounced Wall Street forecasts on Tuesday, driven by higher vehicle prices and record profit margins of 12 percent in North America.
http://www.chinapost.com.tw/business/company-focus/2012/11/01/359460/Ford-profit.htm
01-Nov-2012 03:48
Cramer Likes Joy Because China Is "Turning Up" :: Mad Money's Jim Cramer likes Joy Global, Inc. (NYSE: JOY) and rates the company a "Buy." Why? In Cramer's view, China is at the bottom of its economic cycle and is turning up. Therefore, the world's second-largest economy will need more coal to make the electricity to power its growth, and with it, the type of mining [...]
http://managingthedragon.com/?p35
Ford Affiliate to Buy China Truck Maker :: Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China's [...]
http://managingthedragon.com/?p00
Junk Bonds Come To China :: During the decade of the 1970s in the United States, the Dow Jones Industrial Average (DJIA) was stuck at the 800 level, common stock offerings were few and far between, and companies with debt ratings lower than single "A" could not issue bonds. That meant that small and medium-sized enterprises (SMEs), the key job creators [...]
http://managingthedragon.com/?p04
China's SMEs Access The Bond Market :: As financings go, the $7.8 million of three-year bonds that Tri-Tech Holding, Inc. (NASDAQ CM: TRIT) issued last month will not set any records for size. The significance of the financing, however, lies in the fact that it foreshadows a promising new source of capital for China's small and medium-sized private companies. According to research [...]
http://managingthedragon.com/?p84
Get Ready For More China Overseas Investment :: All signs point to the fact that Chinese companies are gearing up to make more overseas direct investments (ODI) in coming years. Moreover, there are indications that they are likely to find more welcoming arms than they have in the past — at least in some circles. First, there’s the anecdotal evidence. Just in the [...]
http://managingthedragon.com/?p56
Making Sense Of China's Numbers :: With most of the world's major economies still sputtering, there isn't a day that goes by that economic and business commentators don't bring up China, and the fact that the biggest, fastest-growing economy in the world is slowing, and dampening the growth prospects for the global economy in the process. If that's not bad enough, [...]
http://managingthedragon.com/?p66
China's Financial Institutions Expand Overseas :: The world's beleaguered financial services industry may begin receiving much needed capital support from an unexpected source—China. Reflecting the relative strength and growth of their country's underlying economy, Chinese banks and securities firms are now following the examples of their industrial cousins and stepping up overseas expansion plans. Ever since I've been in China, the [...]
http://managingthedragon.com/?p49
Lincoln Joins the Luxury Car Race in China :: Last week, the Ford Motor Company (NYSE: "F") announced that it will launch Lincoln in China in the second half of 2014. Ford is currently in negotiations with potential dealers with a goal to establish an independent dealer network for the model that will offer a new level of personalized service not currently offered by [...]
http://managingthedragon.com/?p22
The Missing $1 Billion in the US Trade Complaint :: On September 17, the United States notified the World Trade Organization (WTO) of its request for consultations with China on "China's measures providing subsidies such as grants, loans, foregone government revenue, the provision of goods and services and other incentives contingent upon export performance to automobile and automobile-parts enterprises in China." Under WTO rules and [...]
http://managingthedragon.com/?p33
International Retailers Struggle in China :: In recent weeks, many of the large international retailers have announced changes in their expansion plans for China. Home Depot (NYSE: HD), the large U.S. do it yourself chain, is closing stores, as is Tesco PLC (LSE: TSCO.L), the large U.K. retailer. Even the two earliest entrants into China's retailing industry, Wal-Mart Stores Inc. (NYSE:WMT) [...]
http://managingthedragon.com/?p79
AsusTek sees new EPS high for Q3 :: (ChinaPost.com.tw) - AsusTek, a leading PC brand, yesterday reported third quarter earnings per share of NT$8.92, which could be the highest among publicly listed firms for the quarter ending Sept. 30.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359414/AsusTek-sees.htm
SPIL reveals NT$1.31 earnings per share :: (ChinaPost.com.tw) - Siliconware Precision Industries Ltd. (SPIL), a major integrated circuit testing and packaging firm, yesterday reported net profit of NT$4.059 billion for the first three quarters, translating into earnings per share (EPS) of NT$1.31.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359415/SPIL-reveals.htm
Nan Shan gets EnTie building for NT$1.34 bil. :: (ChinaPost.com.tw) - Nan Shan Life yesterday purchased EnTie Bank's Neihu office building for NT$1.3388 billion, or a premium of 16 percent over the base price of NT$1.15 billion, said DTZ, advisor of the sale.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359416/Nan-Shan.htm
Manufacturing sector more bearish over future: think tank :: (ChinaPost.com.tw) - Taiwan's manufacturing sector has grown more pessimistic about its economic prospects over the next six months amid growing uncertainty over the global economy, an economic think tank reported yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359417/Manufacturing-sector.htm
Brain-damaged engineer's family initiate Foxconn suit :: (ChinaPost.com.tw) - The father of a Foxconn worker left brain-damaged by a factory accident in southern China took the company to court on Tuesday, in a case that heaps more attention on the labor practices of Apple Inc.'s largest contract manufacturer.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359418/Brain-damaged-engineers.htm
US dollar sheds NT$0.014 to close at NT$29.278 on forex :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.014 to close at NT$29.278.
Turnover totaled US$494 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359419/US-dollar.htm
Far Eastern Group chief tells shipping firms to be optimistic :: (ChinaPost.com.tw) - Douglas Hsu, chairman of the Far Eastern Group, yesterday urged shipping operators to be optimistic about the future.
"No matter what happens, we need to be optimistic," Hsu said in Shanghai yesterday, in the capacity as chairman of U-Ming Marine Transport Corp. under the group.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359420/Far-Eastern.htm
Spanish economy slumps in 3rd quarter of '12: official data :: (ChinaPost.com.tw) - Spain's economy wilted in the third quarter of 2012, official data showed Tuesday, as the government imposed a harsh austerity program in the midst of a deep recession.
http://www.chinapost.com.tw/business/europe/2012/10/31/359422/Spanish-economy.htm
Toyota leads Japan charge in new Consumer Reports survey :: (ChinaPost.com.tw) - Japanese brands took the top seven spots in Consumer Reports' annual reliability rankings, pushing aside their U.S. and European rivals. Toyota Motor Corp.'s Scion, Lexus and Toyota brands took the top three spots and the Toyota Prius C, a subcompact hybrid, got the best overall score. Mazda, Subaru, Honda and Acura were close behind.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359423/Toyota-leads.htm
Mobile device search traffic on Baidu sees triple-figure surge :: (ChinaPost.com.tw) - Baidu Inc., China's biggest search engine, said its mobile search traffic has registered triple-digit growth compared with last year amid a transition from personal computers to mobile devices, said a company official.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359424/Mobile-device.htm
Markets unimpressed as BOJ boosts stimulus :: (ChinaPost.com.tw) - The Bank of Japan (BOJ) boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359425/Markets-unimpressed.htm
Japan industrial output falls while unemployment steady :: (ChinaPost.com.tw) - A fresh barrage of negative data on Japan's failing recovery Tuesday pumped up pressure for central bank action to help revive the world's third-largest economy.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359427/Japan-industrial.htm
India's interest rate still 8%, cash reserve ratio drops by 0.25% :: (ChinaPost.com.tw) - India's central bank left its key interest rate unchanged Tuesday, resisting growing pressure from New Delhi to kick start growth even as it slashed its growth forecast and raised its inflation projection for Asia's third-largest economy.
http://www.chinapost.com.tw/business/asia/india/2012/10/31/359428/Indias-interest.htm
Mitsubishi Motors profit improves on slashed costs, nets 10.1 bil. yen in Q2 :: (ChinaPost.com.tw) - Mitsubishi Motors' fiscal second-quarter net profit improved 60 percent to 10.1 billion yen (US$126 million) on cost cuts as the Japanese automaker recovered from last year's disaster despite lagging sales.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359429/Mitsubishi-Motors.htm
BHP Billiton targets 50% growth in Queensland coal within two years :: (ChinaPost.com.tw) - The Anglo-Australian firm plans to grow capacity from 44 million metric tonnes in the year ending June 30, 2012 to 66 million metric tons by the end of 2014, ferrous and Coal Division Chief Executive Marcus Randolph said.
http://www.chinapost.com.tw/business/asia/australia/2012/10/31/359430/BHP-Billiton.htm
Honda, Malaysian carmaker Proton agree to mull cooperative partnership :: (ChinaPost.com.tw) - Malaysian carmaker Proton and Japan's Honda have agreed to explore a cooperative relationship, the companies have said, in troubled Proton's latest attempt at revival through a foreign tie-up.
http://www.chinapost.com.tw/business/asia/malaysia/2012/10/31/359431/Honda-Malaysian.htm
Marriott International plans to double number of properties in Asia by 2016 :: (ChinaPost.com.tw) - Hotel operator Marriott International Inc. says it plans to more than double the number of its properties in Asia in the next four years.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359433/Marriott-International.htm
NZ regulator OKs Vodafone takeover of Australian subsidiary TelstraClear :: (ChinaPost.com.tw) - New Zealand's competition watchdog gave a green light on Tuesday to British telecom giant Vodafone's NZ$840 million (US$689 million) bid for TelstraClear, Australian carrier Telstra's local subsidiary.
http://www.chinapost.com.tw/business/asia/new-zealand/2012/10/31/359434/NZ-regulator.htm
Japan's Komatsu logs profit drop on weak China demand and strong yen :: (ChinaPost.com.tw) - Japan's top construction machinery maker Komatsu said Tuesday its net profit dropped 30.2 percent in the first six months to September, citing weak demand in China and the yen's strength against the euro.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359435/Japans-Komatsu.htm
Ford profit beats forecast in N. America :: (ChinaPost.com.tw) - Ford Motor Co. posted a third-quarter profit that trounced Wall Street forecasts on Tuesday, driven by higher vehicle prices and record profit margins of 12 percent in North America.
http://www.chinapost.com.tw/business/company-focus/2012/11/01/359460/Ford-profit.htm
http://managingthedragon.com/?p35
Ford Affiliate to Buy China Truck Maker :: Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China's [...]
http://managingthedragon.com/?p00
Junk Bonds Come To China :: During the decade of the 1970s in the United States, the Dow Jones Industrial Average (DJIA) was stuck at the 800 level, common stock offerings were few and far between, and companies with debt ratings lower than single "A" could not issue bonds. That meant that small and medium-sized enterprises (SMEs), the key job creators [...]
http://managingthedragon.com/?p04
China's SMEs Access The Bond Market :: As financings go, the $7.8 million of three-year bonds that Tri-Tech Holding, Inc. (NASDAQ CM: TRIT) issued last month will not set any records for size. The significance of the financing, however, lies in the fact that it foreshadows a promising new source of capital for China's small and medium-sized private companies. According to research [...]
http://managingthedragon.com/?p84
Get Ready For More China Overseas Investment :: All signs point to the fact that Chinese companies are gearing up to make more overseas direct investments (ODI) in coming years. Moreover, there are indications that they are likely to find more welcoming arms than they have in the past — at least in some circles. First, there’s the anecdotal evidence. Just in the [...]
http://managingthedragon.com/?p56
Making Sense Of China's Numbers :: With most of the world's major economies still sputtering, there isn't a day that goes by that economic and business commentators don't bring up China, and the fact that the biggest, fastest-growing economy in the world is slowing, and dampening the growth prospects for the global economy in the process. If that's not bad enough, [...]
http://managingthedragon.com/?p66
China's Financial Institutions Expand Overseas :: The world's beleaguered financial services industry may begin receiving much needed capital support from an unexpected source—China. Reflecting the relative strength and growth of their country's underlying economy, Chinese banks and securities firms are now following the examples of their industrial cousins and stepping up overseas expansion plans. Ever since I've been in China, the [...]
http://managingthedragon.com/?p49
Lincoln Joins the Luxury Car Race in China :: Last week, the Ford Motor Company (NYSE: "F") announced that it will launch Lincoln in China in the second half of 2014. Ford is currently in negotiations with potential dealers with a goal to establish an independent dealer network for the model that will offer a new level of personalized service not currently offered by [...]
http://managingthedragon.com/?p22
The Missing $1 Billion in the US Trade Complaint :: On September 17, the United States notified the World Trade Organization (WTO) of its request for consultations with China on "China's measures providing subsidies such as grants, loans, foregone government revenue, the provision of goods and services and other incentives contingent upon export performance to automobile and automobile-parts enterprises in China." Under WTO rules and [...]
http://managingthedragon.com/?p33
International Retailers Struggle in China :: In recent weeks, many of the large international retailers have announced changes in their expansion plans for China. Home Depot (NYSE: HD), the large U.S. do it yourself chain, is closing stores, as is Tesco PLC (LSE: TSCO.L), the large U.K. retailer. Even the two earliest entrants into China's retailing industry, Wal-Mart Stores Inc. (NYSE:WMT) [...]
http://managingthedragon.com/?p79
AsusTek sees new EPS high for Q3 :: (ChinaPost.com.tw) - AsusTek, a leading PC brand, yesterday reported third quarter earnings per share of NT$8.92, which could be the highest among publicly listed firms for the quarter ending Sept. 30.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359414/AsusTek-sees.htm
SPIL reveals NT$1.31 earnings per share :: (ChinaPost.com.tw) - Siliconware Precision Industries Ltd. (SPIL), a major integrated circuit testing and packaging firm, yesterday reported net profit of NT$4.059 billion for the first three quarters, translating into earnings per share (EPS) of NT$1.31.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359415/SPIL-reveals.htm
Nan Shan gets EnTie building for NT$1.34 bil. :: (ChinaPost.com.tw) - Nan Shan Life yesterday purchased EnTie Bank's Neihu office building for NT$1.3388 billion, or a premium of 16 percent over the base price of NT$1.15 billion, said DTZ, advisor of the sale.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359416/Nan-Shan.htm
Manufacturing sector more bearish over future: think tank :: (ChinaPost.com.tw) - Taiwan's manufacturing sector has grown more pessimistic about its economic prospects over the next six months amid growing uncertainty over the global economy, an economic think tank reported yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359417/Manufacturing-sector.htm
Brain-damaged engineer's family initiate Foxconn suit :: (ChinaPost.com.tw) - The father of a Foxconn worker left brain-damaged by a factory accident in southern China took the company to court on Tuesday, in a case that heaps more attention on the labor practices of Apple Inc.'s largest contract manufacturer.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359418/Brain-damaged-engineers.htm
US dollar sheds NT$0.014 to close at NT$29.278 on forex :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.014 to close at NT$29.278.
Turnover totaled US$494 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359419/US-dollar.htm
Far Eastern Group chief tells shipping firms to be optimistic :: (ChinaPost.com.tw) - Douglas Hsu, chairman of the Far Eastern Group, yesterday urged shipping operators to be optimistic about the future.
"No matter what happens, we need to be optimistic," Hsu said in Shanghai yesterday, in the capacity as chairman of U-Ming Marine Transport Corp. under the group.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359420/Far-Eastern.htm
Spanish economy slumps in 3rd quarter of '12: official data :: (ChinaPost.com.tw) - Spain's economy wilted in the third quarter of 2012, official data showed Tuesday, as the government imposed a harsh austerity program in the midst of a deep recession.
http://www.chinapost.com.tw/business/europe/2012/10/31/359422/Spanish-economy.htm
Toyota leads Japan charge in new Consumer Reports survey :: (ChinaPost.com.tw) - Japanese brands took the top seven spots in Consumer Reports' annual reliability rankings, pushing aside their U.S. and European rivals. Toyota Motor Corp.'s Scion, Lexus and Toyota brands took the top three spots and the Toyota Prius C, a subcompact hybrid, got the best overall score. Mazda, Subaru, Honda and Acura were close behind.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359423/Toyota-leads.htm
Mobile device search traffic on Baidu sees triple-figure surge :: (ChinaPost.com.tw) - Baidu Inc., China's biggest search engine, said its mobile search traffic has registered triple-digit growth compared with last year amid a transition from personal computers to mobile devices, said a company official.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359424/Mobile-device.htm
Markets unimpressed as BOJ boosts stimulus :: (ChinaPost.com.tw) - The Bank of Japan (BOJ) boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359425/Markets-unimpressed.htm
Japan industrial output falls while unemployment steady :: (ChinaPost.com.tw) - A fresh barrage of negative data on Japan's failing recovery Tuesday pumped up pressure for central bank action to help revive the world's third-largest economy.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359427/Japan-industrial.htm
India's interest rate still 8%, cash reserve ratio drops by 0.25% :: (ChinaPost.com.tw) - India's central bank left its key interest rate unchanged Tuesday, resisting growing pressure from New Delhi to kick start growth even as it slashed its growth forecast and raised its inflation projection for Asia's third-largest economy.
http://www.chinapost.com.tw/business/asia/india/2012/10/31/359428/Indias-interest.htm
Mitsubishi Motors profit improves on slashed costs, nets 10.1 bil. yen in Q2 :: (ChinaPost.com.tw) - Mitsubishi Motors' fiscal second-quarter net profit improved 60 percent to 10.1 billion yen (US$126 million) on cost cuts as the Japanese automaker recovered from last year's disaster despite lagging sales.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359429/Mitsubishi-Motors.htm
BHP Billiton targets 50% growth in Queensland coal within two years :: (ChinaPost.com.tw) - The Anglo-Australian firm plans to grow capacity from 44 million metric tonnes in the year ending June 30, 2012 to 66 million metric tons by the end of 2014, ferrous and Coal Division Chief Executive Marcus Randolph said.
http://www.chinapost.com.tw/business/asia/australia/2012/10/31/359430/BHP-Billiton.htm
Honda, Malaysian carmaker Proton agree to mull cooperative partnership :: (ChinaPost.com.tw) - Malaysian carmaker Proton and Japan's Honda have agreed to explore a cooperative relationship, the companies have said, in troubled Proton's latest attempt at revival through a foreign tie-up.
http://www.chinapost.com.tw/business/asia/malaysia/2012/10/31/359431/Honda-Malaysian.htm
Marriott International plans to double number of properties in Asia by 2016 :: (ChinaPost.com.tw) - Hotel operator Marriott International Inc. says it plans to more than double the number of its properties in Asia in the next four years.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359433/Marriott-International.htm
NZ regulator OKs Vodafone takeover of Australian subsidiary TelstraClear :: (ChinaPost.com.tw) - New Zealand's competition watchdog gave a green light on Tuesday to British telecom giant Vodafone's NZ$840 million (US$689 million) bid for TelstraClear, Australian carrier Telstra's local subsidiary.
http://www.chinapost.com.tw/business/asia/new-zealand/2012/10/31/359434/NZ-regulator.htm
Japan's Komatsu logs profit drop on weak China demand and strong yen :: (ChinaPost.com.tw) - Japan's top construction machinery maker Komatsu said Tuesday its net profit dropped 30.2 percent in the first six months to September, citing weak demand in China and the yen's strength against the euro.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359435/Japans-Komatsu.htm
Ford profit beats forecast in N. America :: (ChinaPost.com.tw) - Ford Motor Co. posted a third-quarter profit that trounced Wall Street forecasts on Tuesday, driven by higher vehicle prices and record profit margins of 12 percent in North America.
http://www.chinapost.com.tw/business/company-focus/2012/11/01/359460/Ford-profit.htm
01-Nov-2012 02:47
Cramer Likes Joy Because China Is "Turning Up" :: Mad Money's Jim Cramer likes Joy Global, Inc. (NYSE: JOY) and rates the company a "Buy." Why? In Cramer's view, China is at the bottom of its economic cycle and is turning up. Therefore, the world's second-largest economy will need more coal to make the electricity to power its growth, and with it, the type of mining [...]
http://managingthedragon.com/?p35
Ford Affiliate to Buy China Truck Maker :: Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China's [...]
http://managingthedragon.com/?p00
Junk Bonds Come To China :: During the decade of the 1970s in the United States, the Dow Jones Industrial Average (DJIA) was stuck at the 800 level, common stock offerings were few and far between, and companies with debt ratings lower than single "A" could not issue bonds. That meant that small and medium-sized enterprises (SMEs), the key job creators [...]
http://managingthedragon.com/?p04
China's SMEs Access The Bond Market :: As financings go, the $7.8 million of three-year bonds that Tri-Tech Holding, Inc. (NASDAQ CM: TRIT) issued last month will not set any records for size. The significance of the financing, however, lies in the fact that it foreshadows a promising new source of capital for China's small and medium-sized private companies. According to research [...]
http://managingthedragon.com/?p84
Get Ready For More China Overseas Investment :: All signs point to the fact that Chinese companies are gearing up to make more overseas direct investments (ODI) in coming years. Moreover, there are indications that they are likely to find more welcoming arms than they have in the past — at least in some circles. First, there’s the anecdotal evidence. Just in the [...]
http://managingthedragon.com/?p56
Making Sense Of China's Numbers :: With most of the world's major economies still sputtering, there isn't a day that goes by that economic and business commentators don't bring up China, and the fact that the biggest, fastest-growing economy in the world is slowing, and dampening the growth prospects for the global economy in the process. If that's not bad enough, [...]
http://managingthedragon.com/?p66
China's Financial Institutions Expand Overseas :: The world's beleaguered financial services industry may begin receiving much needed capital support from an unexpected source—China. Reflecting the relative strength and growth of their country's underlying economy, Chinese banks and securities firms are now following the examples of their industrial cousins and stepping up overseas expansion plans. Ever since I've been in China, the [...]
http://managingthedragon.com/?p49
Lincoln Joins the Luxury Car Race in China :: Last week, the Ford Motor Company (NYSE: "F") announced that it will launch Lincoln in China in the second half of 2014. Ford is currently in negotiations with potential dealers with a goal to establish an independent dealer network for the model that will offer a new level of personalized service not currently offered by [...]
http://managingthedragon.com/?p22
The Missing $1 Billion in the US Trade Complaint :: On September 17, the United States notified the World Trade Organization (WTO) of its request for consultations with China on "China's measures providing subsidies such as grants, loans, foregone government revenue, the provision of goods and services and other incentives contingent upon export performance to automobile and automobile-parts enterprises in China." Under WTO rules and [...]
http://managingthedragon.com/?p33
International Retailers Struggle in China :: In recent weeks, many of the large international retailers have announced changes in their expansion plans for China. Home Depot (NYSE: HD), the large U.S. do it yourself chain, is closing stores, as is Tesco PLC (LSE: TSCO.L), the large U.K. retailer. Even the two earliest entrants into China's retailing industry, Wal-Mart Stores Inc. (NYSE:WMT) [...]
http://managingthedragon.com/?p79
AsusTek sees new EPS high for Q3 :: (ChinaPost.com.tw) - AsusTek, a leading PC brand, yesterday reported third quarter earnings per share of NT$8.92, which could be the highest among publicly listed firms for the quarter ending Sept. 30.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359414/AsusTek-sees.htm
SPIL reveals NT$1.31 earnings per share :: (ChinaPost.com.tw) - Siliconware Precision Industries Ltd. (SPIL), a major integrated circuit testing and packaging firm, yesterday reported net profit of NT$4.059 billion for the first three quarters, translating into earnings per share (EPS) of NT$1.31.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359415/SPIL-reveals.htm
Nan Shan gets EnTie building for NT$1.34 bil. :: (ChinaPost.com.tw) - Nan Shan Life yesterday purchased EnTie Bank's Neihu office building for NT$1.3388 billion, or a premium of 16 percent over the base price of NT$1.15 billion, said DTZ, advisor of the sale.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359416/Nan-Shan.htm
Manufacturing sector more bearish over future: think tank :: (ChinaPost.com.tw) - Taiwan's manufacturing sector has grown more pessimistic about its economic prospects over the next six months amid growing uncertainty over the global economy, an economic think tank reported yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359417/Manufacturing-sector.htm
Brain-damaged engineer's family initiate Foxconn suit :: (ChinaPost.com.tw) - The father of a Foxconn worker left brain-damaged by a factory accident in southern China took the company to court on Tuesday, in a case that heaps more attention on the labor practices of Apple Inc.'s largest contract manufacturer.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359418/Brain-damaged-engineers.htm
US dollar sheds NT$0.014 to close at NT$29.278 on forex :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.014 to close at NT$29.278.
Turnover totaled US$494 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359419/US-dollar.htm
Far Eastern Group chief tells shipping firms to be optimistic :: (ChinaPost.com.tw) - Douglas Hsu, chairman of the Far Eastern Group, yesterday urged shipping operators to be optimistic about the future.
"No matter what happens, we need to be optimistic," Hsu said in Shanghai yesterday, in the capacity as chairman of U-Ming Marine Transport Corp. under the group.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359420/Far-Eastern.htm
Spanish economy slumps in 3rd quarter of '12: official data :: (ChinaPost.com.tw) - Spain's economy wilted in the third quarter of 2012, official data showed Tuesday, as the government imposed a harsh austerity program in the midst of a deep recession.
http://www.chinapost.com.tw/business/europe/2012/10/31/359422/Spanish-economy.htm
Toyota leads Japan charge in new Consumer Reports survey :: (ChinaPost.com.tw) - Japanese brands took the top seven spots in Consumer Reports' annual reliability rankings, pushing aside their U.S. and European rivals. Toyota Motor Corp.'s Scion, Lexus and Toyota brands took the top three spots and the Toyota Prius C, a subcompact hybrid, got the best overall score. Mazda, Subaru, Honda and Acura were close behind.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359423/Toyota-leads.htm
Mobile device search traffic on Baidu sees triple-figure surge :: (ChinaPost.com.tw) - Baidu Inc., China's biggest search engine, said its mobile search traffic has registered triple-digit growth compared with last year amid a transition from personal computers to mobile devices, said a company official.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359424/Mobile-device.htm
Markets unimpressed as BOJ boosts stimulus :: (ChinaPost.com.tw) - The Bank of Japan (BOJ) boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359425/Markets-unimpressed.htm
Japan industrial output falls while unemployment steady :: (ChinaPost.com.tw) - A fresh barrage of negative data on Japan's failing recovery Tuesday pumped up pressure for central bank action to help revive the world's third-largest economy.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359427/Japan-industrial.htm
India's interest rate still 8%, cash reserve ratio drops by 0.25% :: (ChinaPost.com.tw) - India's central bank left its key interest rate unchanged Tuesday, resisting growing pressure from New Delhi to kick start growth even as it slashed its growth forecast and raised its inflation projection for Asia's third-largest economy.
http://www.chinapost.com.tw/business/asia/india/2012/10/31/359428/Indias-interest.htm
Mitsubishi Motors profit improves on slashed costs, nets 10.1 bil. yen in Q2 :: (ChinaPost.com.tw) - Mitsubishi Motors' fiscal second-quarter net profit improved 60 percent to 10.1 billion yen (US$126 million) on cost cuts as the Japanese automaker recovered from last year's disaster despite lagging sales.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359429/Mitsubishi-Motors.htm
BHP Billiton targets 50% growth in Queensland coal within two years :: (ChinaPost.com.tw) - The Anglo-Australian firm plans to grow capacity from 44 million metric tonnes in the year ending June 30, 2012 to 66 million metric tons by the end of 2014, ferrous and Coal Division Chief Executive Marcus Randolph said.
http://www.chinapost.com.tw/business/asia/australia/2012/10/31/359430/BHP-Billiton.htm
Honda, Malaysian carmaker Proton agree to mull cooperative partnership :: (ChinaPost.com.tw) - Malaysian carmaker Proton and Japan's Honda have agreed to explore a cooperative relationship, the companies have said, in troubled Proton's latest attempt at revival through a foreign tie-up.
http://www.chinapost.com.tw/business/asia/malaysia/2012/10/31/359431/Honda-Malaysian.htm
Marriott International plans to double number of properties in Asia by 2016 :: (ChinaPost.com.tw) - Hotel operator Marriott International Inc. says it plans to more than double the number of its properties in Asia in the next four years.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359433/Marriott-International.htm
NZ regulator OKs Vodafone takeover of Australian subsidiary TelstraClear :: (ChinaPost.com.tw) - New Zealand's competition watchdog gave a green light on Tuesday to British telecom giant Vodafone's NZ$840 million (US$689 million) bid for TelstraClear, Australian carrier Telstra's local subsidiary.
http://www.chinapost.com.tw/business/asia/new-zealand/2012/10/31/359434/NZ-regulator.htm
Japan's Komatsu logs profit drop on weak China demand and strong yen :: (ChinaPost.com.tw) - Japan's top construction machinery maker Komatsu said Tuesday its net profit dropped 30.2 percent in the first six months to September, citing weak demand in China and the yen's strength against the euro.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359435/Japans-Komatsu.htm
Ford profit beats forecast in N. America :: (ChinaPost.com.tw) - Ford Motor Co. posted a third-quarter profit that trounced Wall Street forecasts on Tuesday, driven by higher vehicle prices and record profit margins of 12 percent in North America.
http://www.chinapost.com.tw/business/company-focus/2012/11/01/359460/Ford-profit.htm
http://managingthedragon.com/?p35
Ford Affiliate to Buy China Truck Maker :: Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China's [...]
http://managingthedragon.com/?p00
Junk Bonds Come To China :: During the decade of the 1970s in the United States, the Dow Jones Industrial Average (DJIA) was stuck at the 800 level, common stock offerings were few and far between, and companies with debt ratings lower than single "A" could not issue bonds. That meant that small and medium-sized enterprises (SMEs), the key job creators [...]
http://managingthedragon.com/?p04
China's SMEs Access The Bond Market :: As financings go, the $7.8 million of three-year bonds that Tri-Tech Holding, Inc. (NASDAQ CM: TRIT) issued last month will not set any records for size. The significance of the financing, however, lies in the fact that it foreshadows a promising new source of capital for China's small and medium-sized private companies. According to research [...]
http://managingthedragon.com/?p84
Get Ready For More China Overseas Investment :: All signs point to the fact that Chinese companies are gearing up to make more overseas direct investments (ODI) in coming years. Moreover, there are indications that they are likely to find more welcoming arms than they have in the past — at least in some circles. First, there’s the anecdotal evidence. Just in the [...]
http://managingthedragon.com/?p56
Making Sense Of China's Numbers :: With most of the world's major economies still sputtering, there isn't a day that goes by that economic and business commentators don't bring up China, and the fact that the biggest, fastest-growing economy in the world is slowing, and dampening the growth prospects for the global economy in the process. If that's not bad enough, [...]
http://managingthedragon.com/?p66
China's Financial Institutions Expand Overseas :: The world's beleaguered financial services industry may begin receiving much needed capital support from an unexpected source—China. Reflecting the relative strength and growth of their country's underlying economy, Chinese banks and securities firms are now following the examples of their industrial cousins and stepping up overseas expansion plans. Ever since I've been in China, the [...]
http://managingthedragon.com/?p49
Lincoln Joins the Luxury Car Race in China :: Last week, the Ford Motor Company (NYSE: "F") announced that it will launch Lincoln in China in the second half of 2014. Ford is currently in negotiations with potential dealers with a goal to establish an independent dealer network for the model that will offer a new level of personalized service not currently offered by [...]
http://managingthedragon.com/?p22
The Missing $1 Billion in the US Trade Complaint :: On September 17, the United States notified the World Trade Organization (WTO) of its request for consultations with China on "China's measures providing subsidies such as grants, loans, foregone government revenue, the provision of goods and services and other incentives contingent upon export performance to automobile and automobile-parts enterprises in China." Under WTO rules and [...]
http://managingthedragon.com/?p33
International Retailers Struggle in China :: In recent weeks, many of the large international retailers have announced changes in their expansion plans for China. Home Depot (NYSE: HD), the large U.S. do it yourself chain, is closing stores, as is Tesco PLC (LSE: TSCO.L), the large U.K. retailer. Even the two earliest entrants into China's retailing industry, Wal-Mart Stores Inc. (NYSE:WMT) [...]
http://managingthedragon.com/?p79
AsusTek sees new EPS high for Q3 :: (ChinaPost.com.tw) - AsusTek, a leading PC brand, yesterday reported third quarter earnings per share of NT$8.92, which could be the highest among publicly listed firms for the quarter ending Sept. 30.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359414/AsusTek-sees.htm
SPIL reveals NT$1.31 earnings per share :: (ChinaPost.com.tw) - Siliconware Precision Industries Ltd. (SPIL), a major integrated circuit testing and packaging firm, yesterday reported net profit of NT$4.059 billion for the first three quarters, translating into earnings per share (EPS) of NT$1.31.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359415/SPIL-reveals.htm
Nan Shan gets EnTie building for NT$1.34 bil. :: (ChinaPost.com.tw) - Nan Shan Life yesterday purchased EnTie Bank's Neihu office building for NT$1.3388 billion, or a premium of 16 percent over the base price of NT$1.15 billion, said DTZ, advisor of the sale.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359416/Nan-Shan.htm
Manufacturing sector more bearish over future: think tank :: (ChinaPost.com.tw) - Taiwan's manufacturing sector has grown more pessimistic about its economic prospects over the next six months amid growing uncertainty over the global economy, an economic think tank reported yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359417/Manufacturing-sector.htm
Brain-damaged engineer's family initiate Foxconn suit :: (ChinaPost.com.tw) - The father of a Foxconn worker left brain-damaged by a factory accident in southern China took the company to court on Tuesday, in a case that heaps more attention on the labor practices of Apple Inc.'s largest contract manufacturer.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359418/Brain-damaged-engineers.htm
US dollar sheds NT$0.014 to close at NT$29.278 on forex :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.014 to close at NT$29.278.
Turnover totaled US$494 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359419/US-dollar.htm
Far Eastern Group chief tells shipping firms to be optimistic :: (ChinaPost.com.tw) - Douglas Hsu, chairman of the Far Eastern Group, yesterday urged shipping operators to be optimistic about the future.
"No matter what happens, we need to be optimistic," Hsu said in Shanghai yesterday, in the capacity as chairman of U-Ming Marine Transport Corp. under the group.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359420/Far-Eastern.htm
Spanish economy slumps in 3rd quarter of '12: official data :: (ChinaPost.com.tw) - Spain's economy wilted in the third quarter of 2012, official data showed Tuesday, as the government imposed a harsh austerity program in the midst of a deep recession.
http://www.chinapost.com.tw/business/europe/2012/10/31/359422/Spanish-economy.htm
Toyota leads Japan charge in new Consumer Reports survey :: (ChinaPost.com.tw) - Japanese brands took the top seven spots in Consumer Reports' annual reliability rankings, pushing aside their U.S. and European rivals. Toyota Motor Corp.'s Scion, Lexus and Toyota brands took the top three spots and the Toyota Prius C, a subcompact hybrid, got the best overall score. Mazda, Subaru, Honda and Acura were close behind.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359423/Toyota-leads.htm
Mobile device search traffic on Baidu sees triple-figure surge :: (ChinaPost.com.tw) - Baidu Inc., China's biggest search engine, said its mobile search traffic has registered triple-digit growth compared with last year amid a transition from personal computers to mobile devices, said a company official.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359424/Mobile-device.htm
Markets unimpressed as BOJ boosts stimulus :: (ChinaPost.com.tw) - The Bank of Japan (BOJ) boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359425/Markets-unimpressed.htm
Japan industrial output falls while unemployment steady :: (ChinaPost.com.tw) - A fresh barrage of negative data on Japan's failing recovery Tuesday pumped up pressure for central bank action to help revive the world's third-largest economy.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359427/Japan-industrial.htm
India's interest rate still 8%, cash reserve ratio drops by 0.25% :: (ChinaPost.com.tw) - India's central bank left its key interest rate unchanged Tuesday, resisting growing pressure from New Delhi to kick start growth even as it slashed its growth forecast and raised its inflation projection for Asia's third-largest economy.
http://www.chinapost.com.tw/business/asia/india/2012/10/31/359428/Indias-interest.htm
Mitsubishi Motors profit improves on slashed costs, nets 10.1 bil. yen in Q2 :: (ChinaPost.com.tw) - Mitsubishi Motors' fiscal second-quarter net profit improved 60 percent to 10.1 billion yen (US$126 million) on cost cuts as the Japanese automaker recovered from last year's disaster despite lagging sales.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359429/Mitsubishi-Motors.htm
BHP Billiton targets 50% growth in Queensland coal within two years :: (ChinaPost.com.tw) - The Anglo-Australian firm plans to grow capacity from 44 million metric tonnes in the year ending June 30, 2012 to 66 million metric tons by the end of 2014, ferrous and Coal Division Chief Executive Marcus Randolph said.
http://www.chinapost.com.tw/business/asia/australia/2012/10/31/359430/BHP-Billiton.htm
Honda, Malaysian carmaker Proton agree to mull cooperative partnership :: (ChinaPost.com.tw) - Malaysian carmaker Proton and Japan's Honda have agreed to explore a cooperative relationship, the companies have said, in troubled Proton's latest attempt at revival through a foreign tie-up.
http://www.chinapost.com.tw/business/asia/malaysia/2012/10/31/359431/Honda-Malaysian.htm
Marriott International plans to double number of properties in Asia by 2016 :: (ChinaPost.com.tw) - Hotel operator Marriott International Inc. says it plans to more than double the number of its properties in Asia in the next four years.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359433/Marriott-International.htm
NZ regulator OKs Vodafone takeover of Australian subsidiary TelstraClear :: (ChinaPost.com.tw) - New Zealand's competition watchdog gave a green light on Tuesday to British telecom giant Vodafone's NZ$840 million (US$689 million) bid for TelstraClear, Australian carrier Telstra's local subsidiary.
http://www.chinapost.com.tw/business/asia/new-zealand/2012/10/31/359434/NZ-regulator.htm
Japan's Komatsu logs profit drop on weak China demand and strong yen :: (ChinaPost.com.tw) - Japan's top construction machinery maker Komatsu said Tuesday its net profit dropped 30.2 percent in the first six months to September, citing weak demand in China and the yen's strength against the euro.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359435/Japans-Komatsu.htm
Ford profit beats forecast in N. America :: (ChinaPost.com.tw) - Ford Motor Co. posted a third-quarter profit that trounced Wall Street forecasts on Tuesday, driven by higher vehicle prices and record profit margins of 12 percent in North America.
http://www.chinapost.com.tw/business/company-focus/2012/11/01/359460/Ford-profit.htm
01-Nov-2012 01:46
Cramer Likes Joy Because China Is "Turning Up" :: Mad Money's Jim Cramer likes Joy Global, Inc. (NYSE: JOY) and rates the company a "Buy." Why? In Cramer's view, China is at the bottom of its economic cycle and is turning up. Therefore, the world's second-largest economy will need more coal to make the electricity to power its growth, and with it, the type of mining [...]
http://managingthedragon.com/?p35
Ford Affiliate to Buy China Truck Maker :: Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China's [...]
http://managingthedragon.com/?p00
Junk Bonds Come To China :: During the decade of the 1970s in the United States, the Dow Jones Industrial Average (DJIA) was stuck at the 800 level, common stock offerings were few and far between, and companies with debt ratings lower than single "A" could not issue bonds. That meant that small and medium-sized enterprises (SMEs), the key job creators [...]
http://managingthedragon.com/?p04
China's SMEs Access The Bond Market :: As financings go, the $7.8 million of three-year bonds that Tri-Tech Holding, Inc. (NASDAQ CM: TRIT) issued last month will not set any records for size. The significance of the financing, however, lies in the fact that it foreshadows a promising new source of capital for China's small and medium-sized private companies. According to research [...]
http://managingthedragon.com/?p84
Get Ready For More China Overseas Investment :: All signs point to the fact that Chinese companies are gearing up to make more overseas direct investments (ODI) in coming years. Moreover, there are indications that they are likely to find more welcoming arms than they have in the past — at least in some circles. First, there’s the anecdotal evidence. Just in the [...]
http://managingthedragon.com/?p56
Making Sense Of China's Numbers :: With most of the world's major economies still sputtering, there isn't a day that goes by that economic and business commentators don't bring up China, and the fact that the biggest, fastest-growing economy in the world is slowing, and dampening the growth prospects for the global economy in the process. If that's not bad enough, [...]
http://managingthedragon.com/?p66
China's Financial Institutions Expand Overseas :: The world's beleaguered financial services industry may begin receiving much needed capital support from an unexpected source—China. Reflecting the relative strength and growth of their country's underlying economy, Chinese banks and securities firms are now following the examples of their industrial cousins and stepping up overseas expansion plans. Ever since I've been in China, the [...]
http://managingthedragon.com/?p49
Lincoln Joins the Luxury Car Race in China :: Last week, the Ford Motor Company (NYSE: "F") announced that it will launch Lincoln in China in the second half of 2014. Ford is currently in negotiations with potential dealers with a goal to establish an independent dealer network for the model that will offer a new level of personalized service not currently offered by [...]
http://managingthedragon.com/?p22
The Missing $1 Billion in the US Trade Complaint :: On September 17, the United States notified the World Trade Organization (WTO) of its request for consultations with China on "China's measures providing subsidies such as grants, loans, foregone government revenue, the provision of goods and services and other incentives contingent upon export performance to automobile and automobile-parts enterprises in China." Under WTO rules and [...]
http://managingthedragon.com/?p33
International Retailers Struggle in China :: In recent weeks, many of the large international retailers have announced changes in their expansion plans for China. Home Depot (NYSE: HD), the large U.S. do it yourself chain, is closing stores, as is Tesco PLC (LSE: TSCO.L), the large U.K. retailer. Even the two earliest entrants into China's retailing industry, Wal-Mart Stores Inc. (NYSE:WMT) [...]
http://managingthedragon.com/?p79
AsusTek sees new EPS high for Q3 :: (ChinaPost.com.tw) - AsusTek, a leading PC brand, yesterday reported third quarter earnings per share of NT$8.92, which could be the highest among publicly listed firms for the quarter ending Sept. 30.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359414/AsusTek-sees.htm
SPIL reveals NT$1.31 earnings per share :: (ChinaPost.com.tw) - Siliconware Precision Industries Ltd. (SPIL), a major integrated circuit testing and packaging firm, yesterday reported net profit of NT$4.059 billion for the first three quarters, translating into earnings per share (EPS) of NT$1.31.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359415/SPIL-reveals.htm
Nan Shan gets EnTie building for NT$1.34 bil. :: (ChinaPost.com.tw) - Nan Shan Life yesterday purchased EnTie Bank's Neihu office building for NT$1.3388 billion, or a premium of 16 percent over the base price of NT$1.15 billion, said DTZ, advisor of the sale.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359416/Nan-Shan.htm
Manufacturing sector more bearish over future: think tank :: (ChinaPost.com.tw) - Taiwan's manufacturing sector has grown more pessimistic about its economic prospects over the next six months amid growing uncertainty over the global economy, an economic think tank reported yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359417/Manufacturing-sector.htm
Brain-damaged engineer's family initiate Foxconn suit :: (ChinaPost.com.tw) - The father of a Foxconn worker left brain-damaged by a factory accident in southern China took the company to court on Tuesday, in a case that heaps more attention on the labor practices of Apple Inc.'s largest contract manufacturer.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359418/Brain-damaged-engineers.htm
US dollar sheds NT$0.014 to close at NT$29.278 on forex :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.014 to close at NT$29.278.
Turnover totaled US$494 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359419/US-dollar.htm
Far Eastern Group chief tells shipping firms to be optimistic :: (ChinaPost.com.tw) - Douglas Hsu, chairman of the Far Eastern Group, yesterday urged shipping operators to be optimistic about the future.
"No matter what happens, we need to be optimistic," Hsu said in Shanghai yesterday, in the capacity as chairman of U-Ming Marine Transport Corp. under the group.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359420/Far-Eastern.htm
Spanish economy slumps in 3rd quarter of '12: official data :: (ChinaPost.com.tw) - Spain's economy wilted in the third quarter of 2012, official data showed Tuesday, as the government imposed a harsh austerity program in the midst of a deep recession.
http://www.chinapost.com.tw/business/europe/2012/10/31/359422/Spanish-economy.htm
Toyota leads Japan charge in new Consumer Reports survey :: (ChinaPost.com.tw) - Japanese brands took the top seven spots in Consumer Reports' annual reliability rankings, pushing aside their U.S. and European rivals. Toyota Motor Corp.'s Scion, Lexus and Toyota brands took the top three spots and the Toyota Prius C, a subcompact hybrid, got the best overall score. Mazda, Subaru, Honda and Acura were close behind.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359423/Toyota-leads.htm
Mobile device search traffic on Baidu sees triple-figure surge :: (ChinaPost.com.tw) - Baidu Inc., China's biggest search engine, said its mobile search traffic has registered triple-digit growth compared with last year amid a transition from personal computers to mobile devices, said a company official.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359424/Mobile-device.htm
Markets unimpressed as BOJ boosts stimulus :: (ChinaPost.com.tw) - The Bank of Japan (BOJ) boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359425/Markets-unimpressed.htm
Japan industrial output falls while unemployment steady :: (ChinaPost.com.tw) - A fresh barrage of negative data on Japan's failing recovery Tuesday pumped up pressure for central bank action to help revive the world's third-largest economy.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359427/Japan-industrial.htm
India's interest rate still 8%, cash reserve ratio drops by 0.25% :: (ChinaPost.com.tw) - India's central bank left its key interest rate unchanged Tuesday, resisting growing pressure from New Delhi to kick start growth even as it slashed its growth forecast and raised its inflation projection for Asia's third-largest economy.
http://www.chinapost.com.tw/business/asia/india/2012/10/31/359428/Indias-interest.htm
Mitsubishi Motors profit improves on slashed costs, nets 10.1 bil. yen in Q2 :: (ChinaPost.com.tw) - Mitsubishi Motors' fiscal second-quarter net profit improved 60 percent to 10.1 billion yen (US$126 million) on cost cuts as the Japanese automaker recovered from last year's disaster despite lagging sales.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359429/Mitsubishi-Motors.htm
BHP Billiton targets 50% growth in Queensland coal within two years :: (ChinaPost.com.tw) - The Anglo-Australian firm plans to grow capacity from 44 million metric tonnes in the year ending June 30, 2012 to 66 million metric tons by the end of 2014, ferrous and Coal Division Chief Executive Marcus Randolph said.
http://www.chinapost.com.tw/business/asia/australia/2012/10/31/359430/BHP-Billiton.htm
Honda, Malaysian carmaker Proton agree to mull cooperative partnership :: (ChinaPost.com.tw) - Malaysian carmaker Proton and Japan's Honda have agreed to explore a cooperative relationship, the companies have said, in troubled Proton's latest attempt at revival through a foreign tie-up.
http://www.chinapost.com.tw/business/asia/malaysia/2012/10/31/359431/Honda-Malaysian.htm
Marriott International plans to double number of properties in Asia by 2016 :: (ChinaPost.com.tw) - Hotel operator Marriott International Inc. says it plans to more than double the number of its properties in Asia in the next four years.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359433/Marriott-International.htm
NZ regulator OKs Vodafone takeover of Australian subsidiary TelstraClear :: (ChinaPost.com.tw) - New Zealand's competition watchdog gave a green light on Tuesday to British telecom giant Vodafone's NZ$840 million (US$689 million) bid for TelstraClear, Australian carrier Telstra's local subsidiary.
http://www.chinapost.com.tw/business/asia/new-zealand/2012/10/31/359434/NZ-regulator.htm
Japan's Komatsu logs profit drop on weak China demand and strong yen :: (ChinaPost.com.tw) - Japan's top construction machinery maker Komatsu said Tuesday its net profit dropped 30.2 percent in the first six months to September, citing weak demand in China and the yen's strength against the euro.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359435/Japans-Komatsu.htm
Ford profit beats forecast in N. America :: (ChinaPost.com.tw) - Ford Motor Co. posted a third-quarter profit that trounced Wall Street forecasts on Tuesday, driven by higher vehicle prices and record profit margins of 12 percent in North America.
http://www.chinapost.com.tw/business/company-focus/2012/11/01/359460/Ford-profit.htm
http://managingthedragon.com/?p35
Ford Affiliate to Buy China Truck Maker :: Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China's [...]
http://managingthedragon.com/?p00
Junk Bonds Come To China :: During the decade of the 1970s in the United States, the Dow Jones Industrial Average (DJIA) was stuck at the 800 level, common stock offerings were few and far between, and companies with debt ratings lower than single "A" could not issue bonds. That meant that small and medium-sized enterprises (SMEs), the key job creators [...]
http://managingthedragon.com/?p04
China's SMEs Access The Bond Market :: As financings go, the $7.8 million of three-year bonds that Tri-Tech Holding, Inc. (NASDAQ CM: TRIT) issued last month will not set any records for size. The significance of the financing, however, lies in the fact that it foreshadows a promising new source of capital for China's small and medium-sized private companies. According to research [...]
http://managingthedragon.com/?p84
Get Ready For More China Overseas Investment :: All signs point to the fact that Chinese companies are gearing up to make more overseas direct investments (ODI) in coming years. Moreover, there are indications that they are likely to find more welcoming arms than they have in the past — at least in some circles. First, there’s the anecdotal evidence. Just in the [...]
http://managingthedragon.com/?p56
Making Sense Of China's Numbers :: With most of the world's major economies still sputtering, there isn't a day that goes by that economic and business commentators don't bring up China, and the fact that the biggest, fastest-growing economy in the world is slowing, and dampening the growth prospects for the global economy in the process. If that's not bad enough, [...]
http://managingthedragon.com/?p66
China's Financial Institutions Expand Overseas :: The world's beleaguered financial services industry may begin receiving much needed capital support from an unexpected source—China. Reflecting the relative strength and growth of their country's underlying economy, Chinese banks and securities firms are now following the examples of their industrial cousins and stepping up overseas expansion plans. Ever since I've been in China, the [...]
http://managingthedragon.com/?p49
Lincoln Joins the Luxury Car Race in China :: Last week, the Ford Motor Company (NYSE: "F") announced that it will launch Lincoln in China in the second half of 2014. Ford is currently in negotiations with potential dealers with a goal to establish an independent dealer network for the model that will offer a new level of personalized service not currently offered by [...]
http://managingthedragon.com/?p22
The Missing $1 Billion in the US Trade Complaint :: On September 17, the United States notified the World Trade Organization (WTO) of its request for consultations with China on "China's measures providing subsidies such as grants, loans, foregone government revenue, the provision of goods and services and other incentives contingent upon export performance to automobile and automobile-parts enterprises in China." Under WTO rules and [...]
http://managingthedragon.com/?p33
International Retailers Struggle in China :: In recent weeks, many of the large international retailers have announced changes in their expansion plans for China. Home Depot (NYSE: HD), the large U.S. do it yourself chain, is closing stores, as is Tesco PLC (LSE: TSCO.L), the large U.K. retailer. Even the two earliest entrants into China's retailing industry, Wal-Mart Stores Inc. (NYSE:WMT) [...]
http://managingthedragon.com/?p79
AsusTek sees new EPS high for Q3 :: (ChinaPost.com.tw) - AsusTek, a leading PC brand, yesterday reported third quarter earnings per share of NT$8.92, which could be the highest among publicly listed firms for the quarter ending Sept. 30.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359414/AsusTek-sees.htm
SPIL reveals NT$1.31 earnings per share :: (ChinaPost.com.tw) - Siliconware Precision Industries Ltd. (SPIL), a major integrated circuit testing and packaging firm, yesterday reported net profit of NT$4.059 billion for the first three quarters, translating into earnings per share (EPS) of NT$1.31.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359415/SPIL-reveals.htm
Nan Shan gets EnTie building for NT$1.34 bil. :: (ChinaPost.com.tw) - Nan Shan Life yesterday purchased EnTie Bank's Neihu office building for NT$1.3388 billion, or a premium of 16 percent over the base price of NT$1.15 billion, said DTZ, advisor of the sale.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359416/Nan-Shan.htm
Manufacturing sector more bearish over future: think tank :: (ChinaPost.com.tw) - Taiwan's manufacturing sector has grown more pessimistic about its economic prospects over the next six months amid growing uncertainty over the global economy, an economic think tank reported yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359417/Manufacturing-sector.htm
Brain-damaged engineer's family initiate Foxconn suit :: (ChinaPost.com.tw) - The father of a Foxconn worker left brain-damaged by a factory accident in southern China took the company to court on Tuesday, in a case that heaps more attention on the labor practices of Apple Inc.'s largest contract manufacturer.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359418/Brain-damaged-engineers.htm
US dollar sheds NT$0.014 to close at NT$29.278 on forex :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.014 to close at NT$29.278.
Turnover totaled US$494 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/31/359419/US-dollar.htm
Far Eastern Group chief tells shipping firms to be optimistic :: (ChinaPost.com.tw) - Douglas Hsu, chairman of the Far Eastern Group, yesterday urged shipping operators to be optimistic about the future.
"No matter what happens, we need to be optimistic," Hsu said in Shanghai yesterday, in the capacity as chairman of U-Ming Marine Transport Corp. under the group.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359420/Far-Eastern.htm
Spanish economy slumps in 3rd quarter of '12: official data :: (ChinaPost.com.tw) - Spain's economy wilted in the third quarter of 2012, official data showed Tuesday, as the government imposed a harsh austerity program in the midst of a deep recession.
http://www.chinapost.com.tw/business/europe/2012/10/31/359422/Spanish-economy.htm
Toyota leads Japan charge in new Consumer Reports survey :: (ChinaPost.com.tw) - Japanese brands took the top seven spots in Consumer Reports' annual reliability rankings, pushing aside their U.S. and European rivals. Toyota Motor Corp.'s Scion, Lexus and Toyota brands took the top three spots and the Toyota Prius C, a subcompact hybrid, got the best overall score. Mazda, Subaru, Honda and Acura were close behind.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359423/Toyota-leads.htm
Mobile device search traffic on Baidu sees triple-figure surge :: (ChinaPost.com.tw) - Baidu Inc., China's biggest search engine, said its mobile search traffic has registered triple-digit growth compared with last year amid a transition from personal computers to mobile devices, said a company official.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359424/Mobile-device.htm
Markets unimpressed as BOJ boosts stimulus :: (ChinaPost.com.tw) - The Bank of Japan (BOJ) boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359425/Markets-unimpressed.htm
Japan industrial output falls while unemployment steady :: (ChinaPost.com.tw) - A fresh barrage of negative data on Japan's failing recovery Tuesday pumped up pressure for central bank action to help revive the world's third-largest economy.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359427/Japan-industrial.htm
India's interest rate still 8%, cash reserve ratio drops by 0.25% :: (ChinaPost.com.tw) - India's central bank left its key interest rate unchanged Tuesday, resisting growing pressure from New Delhi to kick start growth even as it slashed its growth forecast and raised its inflation projection for Asia's third-largest economy.
http://www.chinapost.com.tw/business/asia/india/2012/10/31/359428/Indias-interest.htm
Mitsubishi Motors profit improves on slashed costs, nets 10.1 bil. yen in Q2 :: (ChinaPost.com.tw) - Mitsubishi Motors' fiscal second-quarter net profit improved 60 percent to 10.1 billion yen (US$126 million) on cost cuts as the Japanese automaker recovered from last year's disaster despite lagging sales.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359429/Mitsubishi-Motors.htm
BHP Billiton targets 50% growth in Queensland coal within two years :: (ChinaPost.com.tw) - The Anglo-Australian firm plans to grow capacity from 44 million metric tonnes in the year ending June 30, 2012 to 66 million metric tons by the end of 2014, ferrous and Coal Division Chief Executive Marcus Randolph said.
http://www.chinapost.com.tw/business/asia/australia/2012/10/31/359430/BHP-Billiton.htm
Honda, Malaysian carmaker Proton agree to mull cooperative partnership :: (ChinaPost.com.tw) - Malaysian carmaker Proton and Japan's Honda have agreed to explore a cooperative relationship, the companies have said, in troubled Proton's latest attempt at revival through a foreign tie-up.
http://www.chinapost.com.tw/business/asia/malaysia/2012/10/31/359431/Honda-Malaysian.htm
Marriott International plans to double number of properties in Asia by 2016 :: (ChinaPost.com.tw) - Hotel operator Marriott International Inc. says it plans to more than double the number of its properties in Asia in the next four years.
http://www.chinapost.com.tw/business/global-markets/2012/10/31/359433/Marriott-International.htm
NZ regulator OKs Vodafone takeover of Australian subsidiary TelstraClear :: (ChinaPost.com.tw) - New Zealand's competition watchdog gave a green light on Tuesday to British telecom giant Vodafone's NZ$840 million (US$689 million) bid for TelstraClear, Australian carrier Telstra's local subsidiary.
http://www.chinapost.com.tw/business/asia/new-zealand/2012/10/31/359434/NZ-regulator.htm
Japan's Komatsu logs profit drop on weak China demand and strong yen :: (ChinaPost.com.tw) - Japan's top construction machinery maker Komatsu said Tuesday its net profit dropped 30.2 percent in the first six months to September, citing weak demand in China and the yen's strength against the euro.
http://www.chinapost.com.tw/business/asia/japan/2012/10/31/359435/Japans-Komatsu.htm
Ford profit beats forecast in N. America :: (ChinaPost.com.tw) - Ford Motor Co. posted a third-quarter profit that trounced Wall Street forecasts on Tuesday, driven by higher vehicle prices and record profit margins of 12 percent in North America.
http://www.chinapost.com.tw/business/company-focus/2012/11/01/359460/Ford-profit.htm
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