Chinese Company Offers To Acquire Control Of A Leading U.S. Battery Maker :: With annual sales of approximately 19 million vehicles, China's auto industry is now, by far, the largest in the world. Not content to be the world's volume leader, though, government and industry leaders now share a common objective: "To make China's auto industry the innovation leader by 2020." To underscore this objective, Clean Energy Vehicles [...]
http://managingthedragon.com/?p81
Greece pressured to bolster cuts for debt deal :: (ChinaPost.com.tw) - Greece was under pressure from international creditors to beef up a controversial austerity package in return for loan relief, officials said as Prime Minister Antonis Samaras reported that a deal was in sight.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/15/357719/Greece-pressured.htm
Italy's PM under fire from allies over budget :: (ChinaPost.com.tw) - The parties that support Italian Prime Minister Mario Monti's unelected government demanded changes to his budget on Saturday, saying it would hurt households already suffering from austerity measures.
http://www.chinapost.com.tw/business/europe/2012/10/15/357720/Italys-PM.htm
Vedanta shuts down Indian refinery over bauxite shortage :: (ChinaPost.com.tw) - Mining giant Vedanta said Sunday it has temporarily shut its aluminum refinery in the eastern Indian state of Orissa due to a serious shortage of bauxite.
http://www.chinapost.com.tw/business/asia/india/2012/10/15/357721/Vedanta-shuts.htm
Internet freelancers reshape Outsource Co. :: (ChinaPost.com.tw) - Not far from the world of regimented cubicles and headset-toting call center operators, a quiet revolution is stirring in its slippers.
http://www.chinapost.com.tw/business/asia/philippines/2012/10/15/357722/Internet-freelancers.htm
UN in Rome debates easing global food prices :: (ChinaPost.com.tw) - The international community is gathering in Italy for World Food Day on Tuesday with a round of U.N.-hosted talks on how to keep global food prices in check and help prevent future commodity market crises.
http://www.chinapost.com.tw/business/europe/2012/10/15/357723/UN-in.htm
As Europe plays politics, Boeing should benefit :: (ChinaPost.com.tw) - If imitation is the sincerest form of flattery, the proposed merger of two European rivals paid Boeing Co. a big compliment.
Boeing, however, would rather have a business advantage than a compliment, and it got just such an edge this week when the European deal fell through.
http://www.chinapost.com.tw/business/europe/2012/10/15/357724/As-Europe.htm
Farm bill failure gives Democrats opening into US House :: (ChinaPost.com.tw) - Democrats fighting an uphill battle to win a majority in the U.S. House of Representatives are trying to use rural angst over the failure of congressional Republicans to pass a farm bill to win some Midwestern seats in the Nov. 6 election.
http://www.chinapost.com.tw/business/americas/2012/10/15/357725/Farm-bill.htm
Soda group sues NYC over sales ban against supersized beverages :: (ChinaPost.com.tw) - A U.S. beverage industry group and other businesses filed a lawsuit Friday against the administration of New York Mayor Michael Bloomberg seeking to block restrictions on sales of large soda drinks.
http://www.chinapost.com.tw/business/americas/2012/10/15/357726/Soda-group.htm
Oil falls further amid global growth concerns :: (ChinaPost.com.tw) - The price of oil fell Monday after Chinese economic indicators did little to raise hopes for a rebound in the world's second-largest economy.
http://www.chinapost.com.tw/business/global-markets/2012/10/16/357729/Oil-falls.htm
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
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
MOEA aims to attract NT$200 bil. in capital from 'Taishang': chief :: (ChinaPost.com.tw) - Shih Yen-shiang, head of the Ministry of Economic Affairs (MOEA), yesterday expressed his hope to attract NT$200 billion worth of capital from Taiwan businesspeople based in China, commonly known as "Taishang," in two years.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/16/357820/MOEA-aims.htm
Germany hikes power charge to finance renewables :: (ChinaPost.com.tw) - Germany's electrical grid operators Monday said they were hiking by nearly 50 percent the charge to consumers that goes to finance subsidies for renewable energy as the country phases out nuclear power.
http://www.chinapost.com.tw/business/europe/2012/10/16/357821/Germany-hikes.htm
Taiwan kicks off procurement meetings nationwide :: (ChinaPost.com.tw) - Taiwan has invited over 200 international buyers from 23 economies to hold procurement meetings nationwide over the next five days, with the aim of boosting the country's exports, Taiwan's main trade promotion body said yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/16/357823/Taiwan-kicks.htm
Home transaction prices site to debut today :: (ChinaPost.com.tw) - A government website showing real transaction prices of properties will debut today, a milestone for Taiwan's real estate where a lack of price transparency had been criticized for years.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/16/357825/Home-transaction.htm
Labor insurance fund gains NT$6.5 bil. from stocks :: (ChinaPost.com.tw) - Taiwan's labor insurance fund pocketed a gain of NT$6.5 billion from stocks in September, thanks to a rally last month in the wake of the quantitative easing measures launched by the U.S., said the Labor Insurance Bureau yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/16/357826/Labor-insurance.htm
Samsung cut may hurt HTC sales in China: brokerage :: (ChinaPost.com.tw) - A deeper price cut on Samsung Electronics Co.'s flagship smart phone during China's "Golden Week" holiday might hurt sales of Taiwan's HTC Corp. in the coming months, J.P. Morgan Securities said in a recent report.
http://www.chinapost.com.tw/business/global-markets/2012/10/16/357827/Samsung-cut.htm
US dollar sheds NT$0.015 to finish trade at NT$29.345 on Taipei forex :: (ChinaPost.com.tw) - The U.S. dollar fell against the Taiwan dollar yesterday, shedding NT$0.015 to close at NT$29.345.
Turnover totaled US$645 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/16/357828/US-dollar.htm
Sinopec, ENN drop US$2.2 billion hostile bid for China Gas Holdings :: (ChinaPost.com.tw) - China's Sinopec and ENN Energy Holdings said Monday they have dropped a US$2.2 billion offer for China Gas Holdings, the first hostile bid by a state-owned Chinese business for a private firm.
http://www.chinapost.com.tw/business/global-markets/2012/10/16/357830/Sinopec-ENN.htm
Cruise operator under pressure at Costa Concordia court hearings :: (ChinaPost.com.tw) - Europe's top cruise operator came under pressure on Monday at pre-trial hearings into the Costa Concordia disaster as captain Francesco Schettino faced survivors for the first time.
http://www.chinapost.com.tw/business/europe/2012/10/16/357831/Cruise-operator.htm
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
Private Equity In China: Too Much Money, Too Few Deals :: When I was in the auto business, the statistics published by the Chinese government said that there were approximately 2,500 components companies in the country. Those of us in the industry, though, knew that this number only counted the firms that were registered with the government and vastly underestimated the number of companies actually making [...]
http://managingthedragon.com/?p77
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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