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
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
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
TWD hits NT$29.289 against dollar on hot money :: (ChinaPost.com.tw) - The New Taiwan dollar closed at NT$29.289 against the greenback yesterday, after surging to a high of NT$29.17 at one point during the trade as concerns over continued financial woes in Europe drove hot money to Asia, dealers said.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/17/357957/TWD-hits.htm
Vizio TV sees No. 1 sales in N. America :: (ChinaPost.com.tw) - A model of Vizio-branded TVs has topped sales in North America four days after it hit the market, said Wang Wei, chairman of Vizio, yesterday.
http://www.chinapost.com.tw/business/global-markets/2012/10/17/357959/Vizio-TV.htm
Global IC industry to grow 4.8% in 2013: MIC :: (ChinaPost.com.tw) - The global integrated circuit (IC) market is expected to see a production growth of 4.8 percent next year, said the Market Intelligence and Consulting Institute (MIC) yesterday.
http://www.chinapost.com.tw/business/global-markets/2012/10/17/357960/Global-IC.htm
Consumer confidence picking up: Cathay Financial poll :: (ChinaPost.com.tw) - Taiwan consumers are more optimistic about the economy, and their willingness to purchase properties has increased, according to a consumer confidence survey released by Cathay Financial yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/17/357961/Consumer-confidence.htm
Toyota to suspend China output amid surge of anti-Japan sentiment :: (ChinaPost.com.tw) - Toyota Motor Corp. will halt production lines next week at its major Chinese plant due to slow sales amid strong anti-Japan sentiment, reports said Tuesday.
http://www.chinapost.com.tw/business/global-markets/2012/10/17/357962/Toyota-to.htm
Nasdaq OMX and China's Dalian Commodity team up :: (ChinaPost.com.tw) - U.S. market operator Nasdaq OM-- and Chinese firm Dalian Commodity Exchange unveiled a partnership Monday to seek new business opportunities in China and globally.
http://www.chinapost.com.tw/business/americas/2012/10/17/357963/Nasdaq-OMX.htm
TTRI launches annual joint textile and application show :: (ChinaPost.com.tw) - The Taiwan Textile Research Institute (TTRI, 紡織綜合所) yesterday launched at Nangang Exhibition hall a joint event of the 2012 Textile International Forum and Exhibition (TIFE, 紡織科技國際論壇暨研發成果展) and the 2012 Taipei Innovative Textile Application Show (TITAS, 台北紡織展), a three-day event lasting until Oct. 18.
http://www.chinapost.com.tw/business/global-markets/2012/10/17/357964/TTRI-launches.htm
Amazon.com Inc. to hire 50,000 seasonal workers at US order-fulfillment centers :: (ChinaPost.com.tw) - Amazon.com Inc. says it's hiring 50,000 temporary workers at order-fulfillment centers across the U.S. this holiday season.
The Seattle-based online retailer says it expects "thousands" of those it hires to stay on full time.
http://www.chinapost.com.tw/business/global-markets/2012/10/17/357966/Amazoncom-Inc.htm
Eurozone inflation revised down to 2.6% in September but above ECB target: EU :: (ChinaPost.com.tw) - Eurozone inflation was revised downwards on Tuesday to 2.6 percent for September, down from an initial 2.7 percent but still well above the European Central Bank's target, official data showed.
http://www.chinapost.com.tw/business/europe/2012/10/17/357967/Eurozone-inflation.htm
Kuwait emir proposes US$2 bil. fund to fight Asia poverty, pledges US$300 mil. :: (ChinaPost.com.tw) - Kuwait's Emir Sheikh Sabah al-Ahmad al-Sabah Tuesday proposed setting up a US$2 billion fund to fight poverty in Asia and said the Gulf state will donate US$300 million to its corpus.
http://www.chinapost.com.tw/business/middle-east/2012/10/17/357969/Kuwait-emir.htm
SandP cuts credit ratings of seven Spanish banks after downgrading sovereign debt :: (ChinaPost.com.tw) - Standard and Poor's rating agency cut the credit ratings of seven Spanish banks including the two largest, Santander and BBVA, after having downgraded Spain's sovereign debt.
http://www.chinapost.com.tw/business/europe/2012/10/17/357970/SandP-cuts.htm
RBS suspends Europe, Asia-Pacific head of rates rating amid Libor probe: report :: (ChinaPost.com.tw) - Royal Bank of Scotland has suspended its head of rates trading for Europe and Asia-Pacific amid a company probe into the Libor interest rate fixing scandal, the Financial Times reported on Tuesday.
http://www.chinapost.com.tw/business/global-markets/2012/10/17/357971/RBS-suspends.htm
China Inc. waves a red flag on economic recovery :: (ChinaPost.com.tw) - Chinese corporate profits show no sign of a second-half recovery as analysts cut earnings estimates in September by the most in 2 1/2 years, a red flag for investors who expect the world's second biggest economy to start picking up soon.
http://www.chinapost.com.tw/business/asia-china/2012/10/17/357972/China-Inc.htm
Shares of Japan's Softbank soar on Sprint takeover :: (ChinaPost.com.tw) - Japanese mobile carrier Softbank soared in Tokyo on Tuesday as investors piled back into the stock, which had been pounded since news of its US$20 billion takeover of Sprint Nextel emerged last week.
http://www.chinapost.com.tw/business/asia/japan/2012/10/17/357973/Shares-of.htm
Jakarta should keep eye on China's pace: World Bank :: (ChinaPost.com.tw) - The World Bank says Indonesia's economy will remain resilient against threats posed by stalling economic recovery in the U.S. and Europe, but warned policymakers in the country to monitor economic developments in China, the potential economic slowdown of which could have more "negative spill over" effects for the archipelago.
http://www.chinapost.com.tw/business/asia/indonesia/2012/10/17/357974/Jakarta-should.htm
Chinese shoppers power global luxury sales :: (ChinaPost.com.tw) - Chinese shoppers at home and abroad are pushing global sales of luxury items to new heights, helping the sector post its third straight year of strong growth since the global recession.
http://www.chinapost.com.tw/business/asia-china/2012/10/17/357975/Chinese-shoppers.htm
LVMH sales rise 15% in the third quarter to US$8.95 bil. :: (ChinaPost.com.tw) - French luxury conglomerate LVMH Moet Hennessy Louis Vuitton saw its revenue increase strongly in the third quarter, driven by its retail operations in developing countries.
http://www.chinapost.com.tw/business/global-markets/2012/10/17/357976/LVMH-sales.htm
Mexico challenges Chinese textile and clothing support :: (ChinaPost.com.tw) - Mexico has accused China of breaking World Trade Organization (WTO) rules by giving tax breaks and other favorable deals to its own clothing and textile businesses, the global trade body said on Monday.
http://www.chinapost.com.tw/business/americas/2012/10/17/357978/Mexico-challenges.htm
Foxconn claims to find kids as young as 14 working as interns in factories :: (ChinaPost.com.tw) - The company that manufactures Apple's iPhone says it has found underage interns as young as 14 working at one of its factories in China.
http://www.chinapost.com.tw/business/asia-china/2012/10/17/357979/Foxconn-claims.htm
'Resilient' Rio Tinto says performance strong, on track to hit output targets :: (ChinaPost.com.tw) - Global mining giant Rio Tinto said Tuesday its business was performing strongly despite global volatility, affirming annual targets and reporting a quarterly record in Australian iron ore output.
http://www.chinapost.com.tw/business/global-markets/2012/10/17/357980/Resilient-Rio.htm
New Zealand's inflation declines to 13-year low, below 1-3% target band :: (ChinaPost.com.tw) - New Zealand's inflation slipped to a 13-year low of 0.8 percent in the year to September, official data showed Tuesday, taking it below the central bank's 1- to 3-percent target band.
http://www.chinapost.com.tw/business/asia/new-zealand/2012/10/17/357981/New-Zealands.htm
Fall in Jaguar, Land Rover sales hits Tata Motors, 1st decline since Oct. :: (ChinaPost.com.tw) - India's Tata Motors said Monday that sales of its British luxury brands Jaguar and Land Rover declined in September — their first monthly fall since July 2011 — helping push down total car sales.
http://www.chinapost.com.tw/business/asia/india/2012/10/17/357982/Fall-in.htm
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