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
Nanshijiao MRT apartment units left unsold in auction :: (ChinaPost.com.tw) - The auction of residential units within "Southern Star," a new apartment building on top of the MRT Nanshijiao Station, had disappointing results on its first day yesterday as only 142 out of the offered 243 units were sold.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/30/359284/Nanshijiao-MRT.htm
Shin Kong offers NT$3.93 bil. for properties :: (ChinaPost.com.tw) - The Central Deposit Insurance Corp. (CDIC) yesterday auctioned off the first-floor space of Asia Plaza as well as five nearby blocks of land to Shin Kong Life, which paid NT$3.929 billion for all of them.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/30/359285/Shin-Kong.htm
MediaTek Q3 earnings highest in 2 years :: (ChinaPost.com.tw) - MediaTek yesterday reported a net profit of NT$4.941 billion for the third quarter, its highest in about two years.
The firm gave its third quarter financials during its investors' conference yesterday.
http://www.chinapost.com.tw/business/global-markets/2012/10/30/359287/MediaTek-Q3.htm
TAIEX ends lower for seventh straight day :: (ChinaPost.com.tw) - Share prices in Taiwan fell for the seventh consecutive day yesterday, with the benchmark index closing below the 7,100-point mark.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/30/359288/TAIEX-ends.htm
UBS shares rise on rumors of massive job cuts :: (ChinaPost.com.tw) - Shares in Swiss banking giant UBS rose on Monday, following rumors at the weekend that it will announce thousands of job cuts when it posts its third-quarter results this week.
http://www.chinapost.com.tw/business/global-markets/2012/10/30/359289/UBS-shares.htm
India announces plan to cut fiscal deficit to 3% of GDP :: (ChinaPost.com.tw) - India on Monday unveiled plans to slash its fiscal deficit to 3 percent of GDP by 2017, as Asia's third largest economy tackles faltering growth, but stressed that populist subsidies would remain.
http://www.chinapost.com.tw/business/asia/india/2012/10/30/359290/India-announces.htm
US dollar sheds NT$0.008 to end day at NT$29.292 on Taipei forex :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.008 to close at NT$29.292.
Turnover totaled US$446 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/30/359291/US-dollar.htm
Japan's Renesas books US$1.18 bil. quarterly loss on restructuring costs :: (ChinaPost.com.tw) - Renesas Electronics on Monday posted a US$1.18 billion loss in its fiscal second quarter owing to huge restructuring costs at the troubled Japanese microchip maker.
http://www.chinapost.com.tw/business/asia/japan/2012/10/30/359293/Japans-Renesas.htm
Italy raises 8 bil. euros in six-month bond sale despite Berlusconi threats :: (ChinaPost.com.tw) - Italy raised 8 billion euros (US$10.32 billion) in six-month bonds at a lower rate on Monday in spite of political unease after threats by ex-Premier Silvio Berlusconi to pull support for the government.
http://www.chinapost.com.tw/business/europe/2012/10/30/359294/Italy-raises.htm
Top investors consider Greece more risky to invest in than Syria :: (ChinaPost.com.tw) - The world's markets may believe that the worst of the financial crisis in Europe is over after three turbulent years, but those people who control the purse strings of the world's businesses are not breathing any easier.
http://www.chinapost.com.tw/business/europe/2012/10/30/359295/Top-investors.htm
Toyota headed to record global sales despite struggle with China :: (ChinaPost.com.tw) - Toyota is shrugging off a sales plunge in China set off by a territorial dispute and says it is headed to a record year on the back of strong growth in the rest of Asia and the U.S.
http://www.chinapost.com.tw/business/global-markets/2012/10/30/359296/Toyota-headed.htm
Japan brokerage Nomura swings to Q2 profit thanks to trading business :: (ChinaPost.com.tw) - Japan's top brokerage Nomura Holdings said Monday that it swung to a profit in its fiscal second quarter, reversing a year-earlier loss thanks to solid gains in its trading business.
http://www.chinapost.com.tw/business/asia/japan/2012/10/30/359297/Japan-brokerage.htm
Honda slashes forecast onterritorial spat with Beijing :: (ChinaPost.com.tw) - Honda Motor shares tumbled on Monday after the Japanese automaker warned that its full-year results would be much weaker than forecast, as a trade dispute between Tokyo and Beijing dents sales.
http://www.chinapost.com.tw/business/global-markets/2012/10/30/359298/Honda-slashes.htm
Moody's raises Philippines credit rating to Ba1 :: (ChinaPost.com.tw) - Moody's Investors Service on Monday raised the Philippines' sovereign credit rating to one notch below investment grade, citing the country's strong economic prospects and stable financial system.
http://www.chinapost.com.tw/business/asia/philippines/2012/10/30/359299/Moodys-raises.htm
Producers 'behind on payments' on Asia's Next Top Model :: (ChinaPost.com.tw) - The producers of Asia's Next Top Model, the Asian franchise of the popular American reality show headed by Tyra Banks, are behind on payments.
http://www.chinapost.com.tw/business/global-markets/2012/10/30/359300/Producers-behind.htm
Smartphones drive complaints spike in Australia :: (ChinaPost.com.tw) - Complaints about mobile phones to Australia's telecoms watchdog jumped 9 percent in a year, accounting for two-thirds of all gripes received due to growing smartphone use, a study said Monday.
http://www.chinapost.com.tw/business/global-markets/2012/10/30/359301/Smartphones-drive.htm
US sales push Chrysler up a gear as net income driven up by 80% :: (ChinaPost.com.tw) - Strong U.S. sales powered Chrysler to a healthy third-quarter profit.
http://www.chinapost.com.tw/business/company-focus/2012/10/31/359325/US-sales.htm
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
No comments:
Post a Comment