Friday, December 28, 2012

29-Dec-2012 05:39

Fubon spends NT$30.6 bil. to enlarge China business empire :: (ChinaPost.com.tw) - Fubon Financial yesterday announced that it will spend about NT$30.6 billion to purchase a majority stake in China-based First Sino Bank and take part in the bank's capital increase effort.

http://www.chinapost.com.tw/business/global-markets/2012/12/28/365530/Fubon-spends.htm

Local bourse ends day up, but only just :: (ChinaPost.com.tw) - Shares on the Taiwan Stock Exchange ended slightly higher Thursday after moving in a narrow range as market sentiment remained haunted by lingering concerns over a looming fiscal cliff in Washington, dealers said.

http://www.chinapost.com.tw/business/asia-taiwan/2012/12/28/365531/Local-bourse.htm

Xiaomi smartphones to hit Taiwan market soon :: (ChinaPost.com.tw) - --iaomi Technology, a China-based smartphone maker, is planning to bring its products to Taiwan soon in a bid to extend its reach beyond mainland China, market sources said yesterday.

http://www.chinapost.com.tw/business/asia-taiwan/2012/12/28/365532/Xiaomi-smartphones.htm

United States home prices higher in October compared to 2011: data :: (ChinaPost.com.tw) - U.S. home prices rose 4.3 percent in October compared with last year, the fastest 12-month increase since May 2010, according to SandP/Case-Shiller statistics released Wednesday.

http://www.chinapost.com.tw/business/americas/2012/12/28/365533/United-States.htm

Labor demand slows in H2: DGBAS :: (ChinaPost.com.tw) - Labor demand has slowed in the second half amid an economic slowdown, according to an August poll released by the Directorate General of Budget, Accounting and Statistics (DGBAS) yesterday.

http://www.chinapost.com.tw/business/asia-taiwan/2012/12/28/365534/Labor-demand.htm

Q1 may see NT$133.7 bil. in pre-construction homes :: (ChinaPost.com.tw) - Publicly listed construction firms will roll out a total of NT$133.7 billion worth of pre-construction projects in the first quarter of next year, reported My Housing Magazine yesterday.

http://www.chinapost.com.tw/business/asia-taiwan/2012/12/28/365536/Q1-may.htm

US dollar sheds NT$0.002 to end trade at NT$29.126 :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, shedding NT$0.002 to close at NT$29.126.
Turnover totaled about US$691 million during the trading session.

http://www.chinapost.com.tw/business/asia-taiwan/2012/12/28/365537/US-dollar.htm

Hon Hai's Gou interested in cable television: report :: (ChinaPost.com.tw) - Terry Gou, chairman of Hon Hai Precision Industry, is now eyeing the cable TV industry due to the business potential it presents, reported the local Economic Daily News yesterday.

http://www.chinapost.com.tw/business/global-markets/2012/12/28/365539/Hon-Hais.htm

BMW says it hit record sales of 1.8 mil. in 2012 :: (ChinaPost.com.tw) - German top-of-the-range carmaker BMW sold a record 1.8 million vehicles in 2012, Chief Financial Officer Friedrich Eichiner said in a newspaper interview Thursday.

http://www.chinapost.com.tw/business/europe/2012/12/28/365540/BMW-says.htm

Ford to invest US$773 mil. in US, creating 2,350 jobs :: (ChinaPost.com.tw) - U.S. auto giant Ford said Thursday it will invest US$773 million to expand factories across its home state of Michigan, generating 2,350 new jobs, part of a plan to add 12,000 jobs by 2015.

http://www.chinapost.com.tw/business/americas/2012/12/28/365541/Ford-to.htm

Poor holiday sales pull US retailers' stocks lower :: (ChinaPost.com.tw) - For the stock market, this week hasn't been the most wonderful time of the year.
U.S. stocks fell Wednesday for the third trading day in a row. Disappointing holiday sales weighed heavy on retail companies, and the unwelcome fiscal cliff package of higher taxes and lower government spending loomed nearer.

http://www.chinapost.com.tw/business/americas/2012/12/28/365542/Poor-holiday.htm

Threat of labor unrest at US Northwest ports averted despite dispute :: (ChinaPost.com.tw) - The threat of imminent labor unrest at four U.S. Pacific Northwest ports was averted on Wednesday as the dockworkers union said its members would stay on the job despite "substandard" contract terms being imposed unilaterally by grain shippers.

http://www.chinapost.com.tw/business/americas/2012/12/28/365544/Threat-of.htm

New Japanese finance chief hits out at central bank: reports :: (ChinaPost.com.tw) - Japan's new finance chief hit out at the country's under-pressure central bank, reports said Thursday, saying it was "slow" in tackling deflation that has plagued the economy for years.

http://www.chinapost.com.tw/business/asia/japan/2012/12/28/365545/New-Japanese.htm

Japan banking behemoth purchases US$743 mil. stake in Vietnam lender :: (ChinaPost.com.tw) - Japan's biggest bank Mitsubishi UFJ on Thursday bought a 20-percent stake worth US$743 million in state-owned VietinBank, the largest-ever foreign investment in Vietnam's banking sector.

http://www.chinapost.com.tw/business/asia/japan/2012/12/28/365547/Japan-banking.htm

Indian prime minister calls 8-percent economic growth target 'ambitious' :: (ChinaPost.com.tw) - India's Prime Minister Manmohan Singh played down hopes Thursday for the once-booming economy's performance, saying achieving annual eight percent growth to 2017 would be an "ambitious" achievement.

http://www.chinapost.com.tw/business/asia/india/2012/12/28/365548/Indian-prime.htm

South Korea cuts growth outlooks for 2012 and 2013 on debt crisis, cliff :: (ChinaPost.com.tw) - The South Korean government on Thursday slashed the nation's growth outlook for 2012 and 2013, citing the eurozone debt crisis and U.S. fiscal woes that continue to dampen global demand.

http://www.chinapost.com.tw/business/asia/korea/2012/12/28/365550/South-Korea.htm

Oil prices rise ahead of US budget talks :: (ChinaPost.com.tw) - The price of crude rose Friday, following stock markets in Asia higher hours ahead of a last-ditch effort in Washington for political leaders to strike a budget deal before the year-end deadline.

http://www.chinapost.com.tw/business/global-markets/2012/12/29/365620/Oil-prices.htm

A123: Another Test For China's U.S. Expansion Plans :: The pending auction of the battery business of A123 Systems, Inc. (OTC Markets: "AONEQ") will present yet another test for the U.S. expansion plans of Chinese companies interested in becoming global players. On October 16, A123, a Massachusetts-based company that designs, develops, manufactures, and sells rechargeable lithium-ion batteries and energy storage systems, filed for bankruptcy [...]
http://managingthedragon.com/?p 18

China Leads In Foreign Direct Investment :: For the first time since 2003, China has surpassed the United States as the world’s largest recipient of global foreign direct investment (FDI). During the first six months of the year, FDI flows to China totaled $59 billion, a slight decline from $61 billion in the first half of 2011. Meanwhile, FDI flowing to the [...]
http://managingthedragon.com/?p87

Canada Greenlights CNOOC's Purchase of Nexen :: Last Friday, the Canadian government approved China's biggest overseas energy acquisition, a $15.1 billion takeover of Nexen Inc. (NYSE: "NXY") by CNOOC Ltd. (NYSE: "CEO"). State-owned CNOOC is China's largest offshore driller, while Nexen is a Calgary based independent energy company that operates in Canada, the United Kingdom, and the United States, and offshore West [...]
http://managingthedragon.com/?p 31

Opportunities In China: The Next 10 Years :: In his keynote speech at the opening of the 18th National Congress of China's Communist Party, Hu Jintao, the outgoing President of China, set a new target for economic growth, saying that China should double its 2010 GDP and per capita income by 2020. “On the basis of making China’s development much more balanced, coordinated and [...]
http://managingthedragon.com/?p93

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

Winners And Losers In China's Passenger Car Industry :: For the first 10 months of 2012, a total of 10.8 million passenger cars were sold in China, up 7.6 percent from the comparable period last year. China is now, by far, the largest passenger car market in the world, and given its size and importance, investors want to know: "Who is winning and who [...]
http://managingthedragon.com/?p89

Happy Thanksgiving to MTD's Readers :: Having lived in China for the past 20 years, one question I'm frequently asked is: "What about the United States do you miss most?” For my wife and me, the answer to that question is easy—the holidays. On the Fourth of July, Memorial Day, or Labor Day, when everyone in the States is taking a [...]
http://managingthedragon.com/?p 09

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

Major Trends in China: The Next 10 Years :: As Xi Jinping and Li Keqiang take the reins of power from Hu Jintao and Wen Jiabao, they face many challenges, some so staggering that one wonders how they can ever be addressed. The major themes and trends that will influence the course of China's economic development over the next ten years will be defined [...]
http://managingthedragon.com/?p 16

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

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