Friday, November 2, 2012

02-Nov-2012 08:16

Taiwan stocks not at their worst: minister of finance :: (ChinaPost.com.tw) - Taiwan stocks are not currently at their worst, Minister of Finance Chang Sheng-ford said yesterday.
Chang made the remarks after the TAIE-- yesterday morning fell by over 100 points, which led to criticism that the government has not done enough to prop up stocks. The TAIE--, however, closed up 13.59 points on what was widely believed to be government intervention.

http://www.chinapost.com.tw/business/asia-taiwan/2012/11/02/359644/Taiwan-stocks.htm

Shin Kong earns NT$10.29 bil. from Q1-Q3 :: (ChinaPost.com.tw) - Shih Kong Financial Holding yesterday reported a net profit of NT$10.29 billion over the first three quarters, rising 67.9 percent year-on-year.

http://www.chinapost.com.tw/business/global-markets/2012/11/02/359645/Shin-Kong.htm

Sandy may up Taiwan auto part exports :: (ChinaPost.com.tw) - Taiwan's exports of automobile parts are likely to rise in the wake of Superstorm Sandy, which caused severe damage on the East Coast of the United States, a local economist said yesterday.

http://www.chinapost.com.tw/business/asia-taiwan/2012/11/02/359646/Sandy-may.htm

Hsu urges teamwork to maintain growth at over 1 percent :: (ChinaPost.com.tw) - Douglas Hsu, chairman of the Far Eastern Group, yesterday urged people to work together to make sure Taiwan's economic growth for the year stays above 1 percent.

http://www.chinapost.com.tw/business/global-markets/2012/11/02/359647/Hsu-urges.htm

Asian factories show slow recovery :: (ChinaPost.com.tw) - Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released on Thursday that showed renewed vim from China's factory sector and a rebound in South Korean exports.

http://www.chinapost.com.tw/business/asia/asian-market/2012/11/02/359648/Asian-factories.htm

Five-area focus for medical equipment development :: (ChinaPost.com.tw) - Amid growing demand for medical devices and equipment, the Ministry of Economic Affairs is targeting five areas, including kidney dialysis machinery, for promotion of high-end products, Vice Economics Minister Duh Tyzz-jiun said yesterday.

http://www.chinapost.com.tw/business/asia-taiwan/2012/11/02/359649/Five-area-focus.htm

Allianz Taiwan Life to acquire HSBC's life insurance business :: (ChinaPost.com.tw) - Allianz Taiwan Life (AZTL) recently announced it has entered into an agreement to acquire the insurance unit of HSBC Life (International) Taiwan Branch (INTW) together with its assets and liabilities for the consideration of US$18 million.

http://www.chinapost.com.tw/business/global-markets/2012/11/02/359650/Allianz-Taiwan.htm

Kaohsiung City housing sales slow in third quarter :: (ChinaPost.com.tw) - Property sales in the southern municipality of Kaohsiung were slow in the third quarter, reported Cathay Real Estate yesterday.

http://www.chinapost.com.tw/business/asia-taiwan/2012/11/02/359652/Kaohsiung-City.htm

US dollar lifts NT$0.03 to close at NT$29.29 on forex :: (ChinaPost.com.tw) - The U.S. dollar rose against the New Taiwan dollar yesterday, gaining NT$0.03 to close at the day's high of NT$29.29.
Turnover totaled about US$660 million during the trading session.

http://www.chinapost.com.tw/business/asia-taiwan/2012/11/02/359653/US-dollar.htm

Ultrabooks may grow over 30% in 2013: research firm :: (ChinaPost.com.tw) - Ultrabooks super-slim notebooks are forecast to boost the computer market in 2013 as costs of key components decline, DRAMe--change Technology Inc. said Wednesday.

http://www.chinapost.com.tw/business/global-markets/2012/11/02/359654/Ultrabooks-may.htm

EVA Airways to expand fleet to 70+ planes by '16 :: (ChinaPost.com.tw) - EVA Airways will continue to expand its fleet with the aim of increasing the number of planes to more than 70 by 2016, the company said yesterday.

http://www.chinapost.com.tw/business/global-markets/2012/11/02/359655/EVA-Airways.htm

Taipei forum to discuss China National Congress :: (ChinaPost.com.tw) - The Taiwan Research Institute is scheduled host a forum Nov. 19 in which experts and scholars will be invited to discuss China's possible strategies toward Taiwan after the Communist Party of China's 18th National Congress.

http://www.chinapost.com.tw/business/asia-taiwan/2012/11/02/359656/Taipei-forum.htm

Germany gets tax windfall, may help balance budget :: (ChinaPost.com.tw) - German Finance Minister Wolfgang Schaeuble said he expected a "near-balanced" budget next year as he announced Wednesday higher than expected tax receipts in Europe's biggest economy.

http://www.chinapost.com.tw/business/europe/2012/11/02/359658/Germany-gets.htm

Several high-income states lose their EU trade benefits :: (ChinaPost.com.tw) - A score of high-income nations such as Brazil, Russia and the Gulf states lost their privileged access to the EU's 500 million consumers on Wednesday as the bloc handed their benefits to poorer states.

http://www.chinapost.com.tw/business/europe/2012/11/02/359659/Several-high-income.htm

China manufacturing improves in Oct.: surveys :: (ChinaPost.com.tw) - China's manufacturing improved in October, adding to signs the world's second-largest economy might be recovering from its deepest slump since the 2008 global crisis, two business surveys showed Thursday.

http://www.chinapost.com.tw/business/asia-china/2012/11/02/359660/China-manufacturing.htm

Beijing launches anti-dumping probe into European solar silicon products :: (ChinaPost.com.tw) - China announced an anti-dumping probe Thursday of European exports of polysilicon used in making solar panels, adding to a flurry of trade disputes with the European Union and the United States.

http://www.chinapost.com.tw/business/asia-china/2012/11/02/359661/Beijing-launches.htm

Hard sell ahead for Spanish bad bank :: (ChinaPost.com.tw) - Spain's "bad bank" will struggle to find buyers for swathes of empty land, unfinished housing projects and doubtful loans left over from a property crash, hindering Madrid's attempts to overcome the wider economic crisis.

http://www.chinapost.com.tw/business/europe/2012/11/02/359662/Hard-sell.htm

Singapore keeps spot among top 4 finance hubs :: (ChinaPost.com.tw) - Singapore has retained its position as the world's fourth-best financial center in this year's World Economic Forum (WEF) report, with a better overall score.

http://www.chinapost.com.tw/business/asia/singapore/2012/11/02/359663/Singapore-keeps.htm

Barclays hit by two fresh US investigations :: (ChinaPost.com.tw) - Barclays, already rocked by an interest-rate rigging scandal, on Wednesday disclosed new U.S. regulatory investigations into the bank's financial probity and also said its profit was hit by charges for misselling insurance.

http://www.chinapost.com.tw/business/americas/2012/11/02/359664/Barclays-hit.htm

BOE to hold off on QE until early 2013: poll :: (ChinaPost.com.tw) - The Bank of England will switch off its printing presses until early next year following a swathe of upbeat data that prompted economists polled by Reuters to abandon calls for more monetary stimulus in November.

http://www.chinapost.com.tw/business/europe/2012/11/02/359666/BOE-to.htm

London finance vacancies increase by 10 percent month-on-month: report :: (ChinaPost.com.tw) - Smaller, specialist firms in the City of London are taking their pick of recruits as big investment banks lay off thousands across Europe adapting to stricter capital rules and the crisis in the eurozone.

http://www.chinapost.com.tw/business/europe/2012/11/02/359667/London-finance.htm

London finance vacancies increase by 10 percent month-on-month: report :: (ChinaPost.com.tw) - Smaller, specialist firms in the City of London are taking their pick of recruits as big investment banks lay off thousands across Europe adapting to stricter capital rules and the crisis in the eurozone.

http://www.chinapost.com.tw/business/europe/2012/11/02/359668/London-finance.htm

Foreign investment bill in Myanmar parliament, may be passed quickly :: (ChinaPost.com.tw) - Myanmar's new foreign investment bill was with parliament on Thursday, seeking amendments to address concerns of foreign firms eager to enter the country, and it could be quickly approved and sent to the president to be signed into law, lawmakers said.

http://www.chinapost.com.tw/business/asia/other/2012/11/02/359669/Foreign-investment.htm

Missold loan insurance costs Lloyds another 1 bil. pounds, drags down Q3 :: (ChinaPost.com.tw) - Lloyds Banking Group took another 1-billion-pound (US$1.6 billion) hit to compensate customers missold loan insurance, taking its charge for the scandal to 5.3 billion pounds and dragging it to a third-quarter loss.

http://www.chinapost.com.tw/business/europe/2012/11/02/359670/Missold-loan.htm

Luxury Irish hotel put on market for half of price from sale five years ago :: (ChinaPost.com.tw) - A luxury Irish hotel made famous in the classic John Wayne movie "The Quiet Man" went on sale on Wednesday for half the price paid for it five years ago.

http://www.chinapost.com.tw/business/global-markets/2012/11/02/359671/Luxury-Irish.htm

Carrefour sells off stores in Malaysia to Japan's Aeon for 250 million euros :: (ChinaPost.com.tw) - French retail giant Carrefour said Wednesday it had sold its network of stores in Malaysia to Japan's Aeon for an enterprise value of 250 million euros (US$324 million).

http://www.chinapost.com.tw/business/global-markets/2012/11/02/359672/Carrefour-sells.htm

Emerging market opportunities help Visa top July-September expectations :: (ChinaPost.com.tw) - Visa beat Wall Street's expectations for the latest quarter as it sought out business overseas.

http://www.chinapost.com.tw/business/americas/2012/11/02/359673/Emerging-market.htm

Kodak's Q3 loss widens as company reorganizes after bankruptcy filing :: (ChinaPost.com.tw) - Eastman Kodak's losses widened to US$312 million in the third quarter as the photo and printing company struggles to emerge from bankruptcy protection.

http://www.chinapost.com.tw/business/global-markets/2012/11/02/359675/Kodaks-Q3.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

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