Friday, February 1, 2013

01-Feb-2013 20:16

GDP growth forecast for 2013 raised to 3.53 percent: DGBAS :: (ChinaPost.com.tw) - Taiwan's gross domestic product (GDP) is set to grow 3.53 percent this year, up from a previous estimate of 3.15 percent, said the Directorate General of Budget, Accounting and Statistics (DGBAS) yesterday.

http://www.chinapost.com.tw/business/asia-taiwan/2013/02/01/369241/GDP-growth.htm

Siemens launches Technology and Application Center :: (ChinaPost.com.tw) - Siemens on Wednesday formally inaugurated its Technology and Application Center (TAC) in Taichung. Besides introducing Siemens' world leading experience in machine tools and assisting in forging high-end machine tool technology applications that are increasingly demanded by domestic and international producers.
http://www.chinapost.com.tw/business/global-markets/2013/02/01/369243/Siemens-launches.htm

Largan reports high growth for fourth quarter, 2012 performance :: (ChinaPost.com.tw) - Largan Precision Co. (大立光電), yesterday announced its fourth-quarter and 2012 performance results, with revenues growing 114 and 26 percent year-on-year basis, respectively.

http://www.chinapost.com.tw/business/global-markets/2013/02/01/369244/Largan-reports.htm

Mixed reviews for BlackBerry's new phones, diehard fans rejoice :: (ChinaPost.com.tw) - The new BlackBerry got mixed reviews as the Canadian-based smartphone maker launched its bid for a comeback, while diehard "Crackberry" addicts cheered the new lineup.

http://www.chinapost.com.tw/business/global-markets/2013/02/01/369245/Mixed-reviews.htm

Smartphone shipments to grow 22.5%: MIC :: (ChinaPost.com.tw) - Taiwan's smartphone shipments will reach 251 million units this year, marking a 22.5-percent increase from the 2012 level, an information technology market research institute forecast yesterday.

http://www.chinapost.com.tw/business/asia-taiwan/2013/02/01/369246/Smartphone-shipments.htm

Manufacturing still slow in December: TIER :: (ChinaPost.com.tw) - Taiwan's manufacturing sector continued its sluggish pace in December, said the Taiwan Institute of Economic Research (TIER) yesterday.

http://www.chinapost.com.tw/business/asia-taiwan/2013/02/01/369247/Manufacturing-still.htm

Real estate picked up steam in January: My Housing Magazine :: (ChinaPost.com.tw) - Taiwan's real estate market picked up steam in January due to various positive factors, according to a survey released by My Housing Magazine yesterday.

http://www.chinapost.com.tw/business/asia-taiwan/2013/02/01/369248/Real-estate.htm

Taiwan Mobile forecasts EPS of NT$5.71, higher than 2012 :: (ChinaPost.com.tw) - Taiwan Mobile is expected to post earnings per share (EPS) of NT$5.71 this year, slightly higher than the NT$5.46 for last year, the telecom operator said yesterday.

http://www.chinapost.com.tw/business/asia-taiwan/2013/02/01/369249/Taiwan-Mobile.htm

TAIEX releases list of deficit-plagued firms with board bonuses :: (ChinaPost.com.tw) - The Taipei Exchange (TAIE--) yesterday released a list showcasing which firms with deficits in 2012 still gave board directors what may be considered sizable bonuses.

http://www.chinapost.com.tw/business/asia-taiwan/2013/02/01/369250/TAIEX-releases.htm

Huawei CFO linked to firm that offered Hewlett-Packard gear to Iran :: (ChinaPost.com.tw) - A Hong Kong-based firm that attempted to sell embargoed Hewlett-Packard computer equipment to Iran's largest mobile-phone operator has much closer ties to China's Huawei Technologies than was previously known, corporate records show.

http://www.chinapost.com.tw/business/asia-taiwan/2013/02/01/369251/Huawei-CFO.htm

Fed keeps stimulus in place as US economy 'paused' :: (ChinaPost.com.tw) - The Federal Reserve on Wednesday left in place its monthly US$85 billion bond-buying stimulus plan, arguing the support was needed to lower unemployment even as it indicated a recent stall in U.S. economic growth was likely temporary.

http://www.chinapost.com.tw/business/americas/2013/02/01/369252/Fed-keeps.htm

China's MandA deals tipped to rebound in 2013 :: (ChinaPost.com.tw) - Domestic and foreign-inbound mergers and acquisitions (MandA) deals by strategic investors fell to a five-year low last year, but activity will rebound in 2013, international accounting firm PricewaterhouseCoopers said.

http://www.chinapost.com.tw/business/asia-china/2013/02/01/369253/Chinas-MandA.htm

Mainland struggles with sugar smugglers :: (ChinaPost.com.tw) - China's battle against sugar smugglers working across southern borders is failing as it keeps domestic prices higher than the world market to support its own production, officials say.

http://www.chinapost.com.tw/business/asia-china/2013/02/01/369254/Mainland-struggles.htm

US judge's language skills on trial in Chinese antitrust case :: (ChinaPost.com.tw) - As a U.S. judge prepares to face a Chinese puzzle in a rare antitrust trial, one skill in particular stands him in good stead — his ability to speak Chinese.

http://www.chinapost.com.tw/business/americas/2013/02/01/369255/US-judges.htm

ANA counts the cost of grounded 787s, is not yet seeking damages :: (ChinaPost.com.tw) - All Nippon Airways (ANA) Co., the launch airline for Boeing Co.'s 787 Dreamliner jet that has been grounded with undiagnosed battery problems, said it lost more than US$15 million in revenue from having to cancel flights this month.

http://www.chinapost.com.tw/business/global-markets/2013/02/01/369256/ANA-counts.htm

Boeing sticks to production plans, lithium battery for 787 Dreamliner :: (ChinaPost.com.tw) - Boeing is sticking with plans to speed up production of its 787 and sees no reason to drop the troubled lithium-ion batteries at the center of the plane's problems, CEO Jim McNerney said Wednesday.

http://www.chinapost.com.tw/business/global-markets/2013/02/01/369257/Boeing-sticks.htm

China mining firm falls over 11% upon Hong Kong trading debut :: (ChinaPost.com.tw) - China's Chinalco Mining Corporation fell more than 11 percent on its Hong Kong trading debut Thursday after raising US$397 million in the city's first major initial public offering of the year.

http://www.chinapost.com.tw/business/asia-china/2013/02/01/369258/China-mining.htm

Russia to implement ban on US meat product imports on Feb. 11 :: (ChinaPost.com.tw) - Russia said Wednesday it would stop importing all U.S. meat and pork products on Feb. 11 over concerns about the use of a feed additive that is also banned in China and Europe.

http://www.chinapost.com.tw/business/europe/2013/02/01/369259/Russia-to.htm

Softbank sees third-quarter profit double due to strong iPhone sales :: (ChinaPost.com.tw) - Japanese phone company Softbank, owned by billionaire Masayoshi Son, says its net profit more than doubled in the October-December quarter from a year earlier, helped by strong sales of Apple's iPhone and iPads.

http://www.chinapost.com.tw/business/asia/japan/2013/02/01/369260/Softbank-sees.htm

Labor unions say Vodafone Spain planning to eliminate 650 workers :: (ChinaPost.com.tw) - Mobile phone operator Vodafone plans to dismiss 650 staff in its Spanish division, labor unions said on Wednesday, lower than the cuts of up to 1,000 initially expected.

http://www.chinapost.com.tw/business/global-markets/2013/02/01/369261/Labor-unions.htm

Restructuring costs drive Q4 loss of Deutsche Bank to 2.15 bil. euros :: (ChinaPost.com.tw) - Germany's biggest bank Deutsche Bank on Thursday reported a fourth-quarter loss of 2.15 billion euros (US$3 billion) after high restructuring costs hit the group's earnings.

http://www.chinapost.com.tw/business/global-markets/2013/02/01/369262/Restructuring-costs.htm

Johnson and Johnson consolidates position in China by buying rival :: (ChinaPost.com.tw) - Johnson and Johnson (China) Investment Co. Ltd., the Chinese arm of the giant U.S. consumer goods manufacturer, whose baby care products claim half of the Chinese market, said it has completed the acquisition of a local rival to consolidate its dominance in China.

http://www.chinapost.com.tw/business/global-markets/2013/02/01/369263/Johnson-and.htm

G20 should focus on debts, not Japan-bashing: Russia :: (ChinaPost.com.tw) - Russia's top financial diplomat said the Group of 20 should focus on making new commitments to curb borrowing, and not rush to judge Japan's bid to reflate its economy when policy makers meet this month.


http://www.chinapost.com.tw/business/europe/2013/02/01/369266/G20-should.htm

Oil prices decline ahead of US jobs report :: (ChinaPost.com.tw) - The price of oil fell Friday as weak growth in China's manufacturing failed to impress and more people filed for unemployment benefits in the U.S.

http://www.chinapost.com.tw/business/global-markets/2013/02/02/369320/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

Managing The Dragon's 2013 China Predictions :: In December, I had an opportunity to speak about China to audiences in such diverse cities as New York, Philadelphia, Anchorage, Cincinnati, Pittsburgh and Reno. The audiences represented a wide range of occupations—from hedge fund and investment managers to ordinary investors, business men and women, students and government officials. As a result, I received a [...]
http://managingthedragon.com/?p 48

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

Air Quality In China :: The ink on the paper with my predictions for China was barely dry when what may become "the" story of 2013 came onto the scene—air quality. If I knew then what I know now, I would have had to have included a discussion about air quality. In the run-up to the Beijing Olympics in 2008, [...]
http://managingthedragon.com/?p 57

Wrapping Up The Year Of The Dragon :: Self-criticism is an essential element of critical thought that many regard as healthy and necessary for learning. From a purely medical point of view, engaging in self-criticism activates areas of the brain that are responsible for processing error detection and correction. In China, self-criticism is one of the oldest Confucian practices. Every year at this [...]
http://managingthedragon.com/?p 46

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