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
UMC to see Q4 shipments decline by 7-9 percent :: (ChinaPost.com.tw) - United Microelectronics Corp. (UMC), the world's second largest made-to-order chipmaker, yesterday forecast shipments would decline by 7 to 9 percent in the fourth quarter compared to the third.
http://www.chinapost.com.tw/business/global-markets/2012/11/01/359538/UMC-to.htm
South Korea to build giant casino city to rival Macau :: (ChinaPost.com.tw) - South Korea's port city of Incheon has teamed up with a group of investors to build a giant US$290 billion leisure and gaming destination intended to rival Macau by 2030, the developer said Wednesday.
http://www.chinapost.com.tw/business/asia/korea/2012/11/01/359540/South-Korea.htm
Manufacturing sector likely to remain steady in October: think tank :: (ChinaPost.com.tw) - Taiwan's manufacturing sector showed signs of recovery in September, and it should remain steady in October, the Taiwan Institute of Economic Research (TIER) said yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/11/01/359541/Manufacturing-sector.htm
Local bourse pulls back on profit-taking :: (ChinaPost.com.tw) - Shares on the Taiwan Stock Exchange fell back yesterday as investors locked in gains posted in the previous session, dealers said.
http://www.chinapost.com.tw/business/asia-taiwan/2012/11/01/359542/Local-bourse.htm
Auctions of 2 major properties end in failure :: (ChinaPost.com.tw) - The auctions of two properties yesterday ended in failure as enthusiasm in commercial realty wanes further, analysts said.
The first auction was held by Taiwan Sugar Co., which sought to sell the rights to develop its 4,000-ping lot in Wenshan District of Taipei. One ping is 3.3 square meters.
http://www.chinapost.com.tw/business/global-markets/2012/11/01/359543/Auctions-of.htm
US dollar sheds NT$0.018 to end day at NT$29.260 on Taipei forex :: (ChinaPost.com.tw) - The U.S. dollar fell against the Taiwan dollar yesterday, shedding NT$0.018 to close at NT$29.260.
Turnover totaled US$656 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/11/01/359544/US-dollar.htm
PetroChina shares take a hit afterprofit in the third quarter shrivels :: (ChinaPost.com.tw) - Shares in energy giant PetroChina fell almost 4 percent in Hong Kong on Wednesday, after it reported that net profit in the three months to September fell by a third.
http://www.chinapost.com.tw/business/global-markets/2012/11/01/359545/PetroChina-shares.htm
BG Group to sell Queensland gas interests to mainland's CNOOC :: (ChinaPost.com.tw) - British energy producer BG Group said on Wednesday it will sell interests in its Queensland Curtis liquefied natural gas project in Australia to China's CNOOC for US$1.93 billion (1.48 billion euros).
http://www.chinapost.com.tw/business/global-markets/2012/11/01/359546/BG-Group.htm
JPMorgan Chase raises earnings forecasts for EVA Air in '12, '13 :: (ChinaPost.com.tw) - JPMorgan Chase and Co. has raised its earnings forecast for EVA Airways Corp., Taiwan's second-largest airline, as Taiwanese travelers to the United States prepare to take advantage of visa-waiver privileges.
http://www.chinapost.com.tw/business/americas/2012/11/01/359547/JPMorgan-Chase.htm
South Korea mulls ban on silent camera apps for mobile phones :: (ChinaPost.com.tw) - The South Korean government is considering a ban on mobile applications that disable the shutter noise from smartphone cameras to prevent misuse by peeping toms.
http://www.chinapost.com.tw/business/asia/korea/2012/11/01/359549/South-Korea.htm
Eurozone unemployment rate hits record 11.6% in Sept.: EU :: (ChinaPost.com.tw) - Unemployment in the eurozone hit a record high in September with nearly 150,000 more jobs lost as the debt crisis continued to undermine an economy slumping into recession, official data showed on Wednesday.
http://www.chinapost.com.tw/business/europe/2012/11/01/359550/Eurozone-unemployment.htm
Weakened property assets batter Spain's number-two BBVA bank :: (ChinaPost.com.tw) - Spain's number two bank, BBVA, said Wednesday it had taken a battering from the slumping value of property-related assets, leading to a third-quarter net profit plunge.
http://www.chinapost.com.tw/business/europe/2012/11/01/359551/Weakened-property.htm
Global use of Chinese currency on the rise: report :: (ChinaPost.com.tw) - A more efficient system should be in place to facilitate the increasingly wide use of the Chinese yuan in global transactions, according to a report by Swift, the communication platform among international banks.
http://www.chinapost.com.tw/business/asia-china/2012/11/01/359552/Global-use.htm
Panasonic's red ink grows, forecasts loss for year :: (ChinaPost.com.tw) - Panasonic Corp.'s losses ballooned to 698 billion yen (US$8.7 billion) for the fiscal second quarter as sales plunged in flat-panel TVs, laptops and other gadgets, and restructuring costs to turn itself around were proving bigger than initially expected.
http://www.chinapost.com.tw/business/global-markets/2012/11/01/359553/Panasonics-red.htm
Free music downloads to end in China :: (ChinaPost.com.tw) - China's major music websites are expected to form an alliance to start charging for music downloads at the beginning of next year, industry insiders said.
http://www.chinapost.com.tw/business/asia-china/2012/11/01/359554/Free-music.htm
Toshiba cuts full-year forecast on concerns over global economy :: (ChinaPost.com.tw) - Japan's Toshiba Corp. cut its full-year operating profit forecast by 13 percent to 260 billion yen (US$3.3 billion) on Wednesday, saying the uncertain global economy weighed on its prospects.
http://www.chinapost.com.tw/business/global-markets/2012/11/01/359556/Toshiba-cuts.htm
Softbank's first-half net profit drops down 22 percent to US$2.13 bil. :: (ChinaPost.com.tw) - Japanese mobile carrier Softbank, which recently announced a US$20 billion takeover of U.S. firm Sprint Nextel, said Wednesday its half-year net profit tumbled 22 percent from a year ago.
http://www.chinapost.com.tw/business/global-markets/2012/11/01/359557/Softbanks-first-half.htm
News Corp. seals US$2.1 billion pay-TV acquisition in Australia :: (ChinaPost.com.tw) - Rupert Murdoch's News Corp. boosted its share of Australia's pay-TV market after shareholders in Consolidated Media Holdings Ltd. voted in favor of a AU$2 billion (US$2.1 billion) takeover offer from News.
http://www.chinapost.com.tw/business/global-markets/2012/11/01/359559/News-Corp.htm
Japan's Nomura fined US$2.5 mil. following insider trading: report :: (ChinaPost.com.tw) - Tokyo's bourse has imposed a record fine of about US$2.5 million on Nomura Holdings in the wake of an insider trading scandal at Japan's biggest brokerage, a report said Wednesday.
http://www.chinapost.com.tw/business/asia/japan/2012/11/01/359560/Japans-Nomura.htm
New Zealand regulator approves Haier's bid for Fisher and Paykel :: (ChinaPost.com.tw) - Chinese appliance giant Haier said Wednesday that New Zealand's Overseas Investment Office had approved its takeover bid for white goods manufacturer Fisher and Paykel Appliances (FPA).
http://www.chinapost.com.tw/business/asia/new-zealand/2012/11/01/359561/New-Zealand.htm
Probe fines Japanese auto parts firm US$17.7 mil. on price-fixing :: (ChinaPost.com.tw) - Another Japanese auto parts supplier pled guilty Tuesday in a far reaching U.S. probe into price fixing in the auto industry, which has now snared nine different companies on three continents.
http://www.chinapost.com.tw/business/asia/japan/2012/11/01/359562/Probe-fines.htm
Sales in Asia help Mazda return to profit in quarter from July-Sept. :: (ChinaPost.com.tw) - Mazda Motor Corp. says it has shaken off a long spell of losses, turning a 12.2 billion yen (US$153.3 million) profit in the July-September quarter, though it revised downward its forecast for the year.
http://www.chinapost.com.tw/business/global-markets/2012/11/01/359564/Sales-in.htm
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
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