Friday, October 19, 2012

20-Oct-2012 01:02

Local bourse weakest in Asia as investors stay on sidelines :: (ChinaPost.com.tw) - Shares on the Taiwan Stock Exchange closed up 0.01 percent yesterday, the weakest in Asia, as many investors stayed on the sidelines, keeping turnover low amid lingering economic concerns, dealers said.

http://www.chinapost.com.tw/business/asia-taiwan/2012/10/19/358198/Local-bourse.htm

Hon Hai declines to comment on Chunghwa's intention to buy TVs :: (ChinaPost.com.tw) - Hon Hai yesterday declined to comment on Chunghwa Telecom's statement that it was thinking about purchasing the 60-inch LCD TVs made by the contract electronic manufacturing giant.

http://www.chinapost.com.tw/business/global-markets/2012/10/19/358200/Hon-Hai.htm

Citibank unveils Citi Privilege Signature Card :: (ChinaPost.com.tw) - Citibank Taiwan recently unveiled its latest Citi Privilege Signature Card, an upgrade of the bank's Citi Privilege Card, integrating more leading lifestyle brands to provide multiple offers to clients.

http://www.chinapost.com.tw/business/global-markets/2012/10/19/358201/Citibank-unveils.htm

Representatives from Taiwan, NZ sign accord on investment :: (ChinaPost.com.tw) - Representatives from Taiwan and New Zealand have inked an investment agreement to commit up to US$164 million to venture capital funds in the two countries.

http://www.chinapost.com.tw/business/asia-taiwan/2012/10/19/358203/Representatives-from.htm

Taiwan-France forum on electric car sector begins :: (ChinaPost.com.tw) - A Taiwan-France forum on the electric vehicle sector opened in Taipei yesterday, attracting hundreds of experts and industry representatives from the two countries.

http://www.chinapost.com.tw/business/asia-taiwan/2012/10/19/358204/Taiwan-France-forum.htm

Akzo Nobel NV discloses US$3.11 billion loss in Q3 :: (ChinaPost.com.tw) - With its new CEO on an extended sick leave, Dutch chemicals conglomerate Akzo Nobel NV reported Thursdsay a 2.37-billion-euro (US$3.11 billion) loss in the third quarter after taking a massive impairment charge on its home paints business.

http://www.chinapost.com.tw/business/global-markets/2012/10/19/358206/Akzo-Nobel.htm

Rosneft lodges bid for BP stake in TNK-BP: sources :: (ChinaPost.com.tw) - State oil company Rosneft tightened its grip on the Russian oil industry on Thursday, lodging a cash and shares bid for British oil company BP's 50-percent stake in the country's third-largest oil producer, TNK-BP.

http://www.chinapost.com.tw/business/europe/2012/10/19/358208/Rosneft-lodges.htm

US dollar gains NT$0.023 to end trade at NT$29.269 :: (ChinaPost.com.tw) - The U.S. dollar rose against the New Taiwan dollar yesterday, gaining NT$0.023 to close at the day's high of NT$29.269.
Turnover totaled about US$757 million during the trading session.

http://www.chinapost.com.tw/business/asia-taiwan/2012/10/19/358209/US-dollar.htm

Spain bad bank loans hit record high in Aug.: data :: (ChinaPost.com.tw) - Bad loans at Spanish banks, a major source of concern to financial markets, surged to a new record high in August, with one in 10 loans deemed at risk, official data showed Thursday.

http://www.chinapost.com.tw/business/europe/2012/10/19/358212/Spain-bad.htm

Monte Paschi fails stress test, rating slashed to junk :: (ChinaPost.com.tw) - Moody's cut the rating of Italy's third-largest lender, Banca Monte dei Paschi di Siena, to junk and said it may need more state aid, triggering a 6-percent selloff in the bank's shares on Thursday.

http://www.chinapost.com.tw/business/global-markets/2012/10/19/358213/Monte-Paschi.htm

Global warming freezes world economy: report :: (ChinaPost.com.tw) - Climate change caused by global warming is freezing the world economy and already leading to the deaths of millions every year, a report commissioned by 20 of the world's most vulnerable countries said Wednesday.

http://www.chinapost.com.tw/business/americas/2012/10/19/358214/Global-warming.htm

Trade, investment cited as food demand necessities :: (ChinaPost.com.tw) - More investment is needed to increase food production in Africa and Asia as rising demand and scarce resources leave millions of people vulnerable to hunger, a corporate-backed report said on Wednesday.

http://www.chinapost.com.tw/business/africa/2012/10/19/358215/Trade-investment.htm

US housing starts rise in positive sign for economy :: (ChinaPost.com.tw) - Groundbreaking on new U.S. homes surged in September to its fastest pace in more than four years, a sign the housing sector's budding recovery is gaining traction and supporting the wider economic recovery.

http://www.chinapost.com.tw/business/americas/2012/10/19/358216/US-housing.htm

Chinese wind farm firm says US rejection deters investment :: (ChinaPost.com.tw) - The Chinese company suing President Barack Obama for blocking its planned wind farm projects in Oregon accused the U.S. leader and his government of discrimination Thursday and warned that the case would deter Chinese investment in the United States.

http://www.chinapost.com.tw/business/asia-china/2012/10/19/358217/Chinese-wind.htm

China reports housing market slows in more cities in Sept. :: (ChinaPost.com.tw) - Fewer Chinese cities reported rises in home prices in September than the previous month, official data showed Thursday, as the government stood by its stance of controlling property speculation.

http://www.chinapost.com.tw/business/asia-china/2012/10/19/358218/China-reports.htm

Review finds no Huawei spying proof: sources :: (ChinaPost.com.tw) - A White House-ordered review of security risks posed by suppliers to U.S. telecommunications companies found no clear evidence that Huawei Technologies Ltd. had spied for China, two people familiar with the probe told Reuters.

http://www.chinapost.com.tw/business/global-markets/2012/10/19/358219/Review-finds.htm

British retail sales see 0.6% month-on-month increase :: (ChinaPost.com.tw) - British retail sales increased by 0.6 percent in September, lifted by particularly strong demand for clothing, the Office for National Statistics said Thursday.

http://www.chinapost.com.tw/business/europe/2012/10/19/358220/British-retail.htm

Oil down slightly ahead of EU summit conclusion :: (ChinaPost.com.tw) - Oil prices fell slightly Friday as traders awaited the end of a two-day European Union summit on shoring up the region's stricken banks.

http://www.chinapost.com.tw/business/global-markets/2012/10/20/358289/Oil-down.htm

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

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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