Friday, November 23, 2012

23-Nov-2012 12:36

Italy mayors protest austerity, threaten mass resignations :: (ChinaPost.com.tw) - Hundreds of Italian mayors from across the political spectrum marched in Milan on Wednesday and threatened to resign en masse in protest at austerity measures imposed by Mario Monti's government of technocrats.

http://www.chinapost.com.tw/business/europe/2012/11/23/361863/Italy-mayors.htm

TAIEX up as trade declines to four-year low :: (ChinaPost.com.tw) - Shares on the Taiwan Stock Exchange closed slightly higher yesterday in thin trade, the lowest in four years, as many investors remained sidelined, watching closely how the debt problems in the eurozone will evolve after European finance ministers failed to agree on an aid package for Greece, dealers said.

http://www.chinapost.com.tw/business/asia-taiwan/2012/11/23/361871/TAIEX-up.htm

Passive components output to decrease in fourth quarter: IEK :: (ChinaPost.com.tw) - Taiwan's passive components production value in the fourth quarter is expected to hit NT$25.113 billion, reported the Industrial and Economics Knowledge Center (IEK) under the Industrial Technology Research Institute yesterday.

http://www.chinapost.com.tw/business/asia-taiwan/2012/11/23/361873/Passive-components.htm

ARM announces Taiwan partnership :: (ChinaPost.com.tw) - British chip designer ARM Holdings PLC announced yesterday a partnership with Taiwan's state-funded Institute for Information Industry, a move designed to help local engineers develop applications based on ARM's technology.

http://www.chinapost.com.tw/business/asia-taiwan/2012/11/23/361874/ARM-announces.htm

New home rollouts below market expectations: housing magazine :: (ChinaPost.com.tw) - New home constructions in Greater Taipei may hit a total value of NT$860 billion this year, far below market expectations as the housing industry reels from the real-value home registration system, My Housing Magazine reported yesterday.
The figure would be a decline of 3.5 percent from the NT$891.1 billion for last year.

http://www.chinapost.com.tw/business/asia-taiwan/2012/11/23/361875/New-home.htm

Allianz has 3rd consecutive strong quarter with total revenues for Q3 at 25 bil. euros :: (ChinaPost.com.tw) - In the third quarter of 2012 Allianz continued its momentum from the first half of the year. As in the first two quarters, revenues, operating profit and net income increased in comparison to respective quarters in 2011.

http://www.chinapost.com.tw/business/global-markets/2012/11/23/361876/Allianz-has.htm

US dollar gains NT$0.006 to close day atNT$29.185 :: (ChinaPost.com.tw) - The U.S. dollar rose against the New Taiwan dollar yesterday, gaining NT$0.006 to close at the day's high of NT$29.185.
Turnover totaled about US$363 million during the trading session.

http://www.chinapost.com.tw/business/asia-taiwan/2012/11/23/361877/US-dollar.htm

China Steel to raise prices for January and February :: (ChinaPost.com.tw) - China Steel, Taiwan's largest steelmaker, will raise domestic prices for January and February by an average NT$82 per ton, or 0.39 percent, it announced yesterday.

http://www.chinapost.com.tw/business/asia-china/2012/11/23/361878/China-Steel.htm

Citigroup to close 16 of 37 banks in Greek network :: (ChinaPost.com.tw) - U.S.-based Citigroup says it will close 16 of its 37 bank branches in Greece, citing the country's recession-hit "business and economic environment" — becoming the latest overseas lender to cut back its Greek operations.

http://www.chinapost.com.tw/business/americas/2012/11/23/361879/Citigroup-to.htm

Reckitt to acquire vitamin firm Schiff for US$1.4 bil. :: (ChinaPost.com.tw) - Reckitt Benckiser Group PLC said Wednesday that is acquiring vitamin and nutrition supplement maker Schiff Nutrition International Inc. for US$1.4 billion, topping an earlier bid by Bayer AG.

http://www.chinapost.com.tw/business/global-markets/2012/11/23/361880/Reckitt-to.htm

AIG to form joint venture with Chinese insurer PICC :: (ChinaPost.com.tw) - U.S. insurance giant AIG said Thursday it would form a joint venture with Chinese insurer PICC and invest US$500 million in its Hong Kong share sale next month, as the firm boosts its presence in China.

http://www.chinapost.com.tw/business/global-markets/2012/11/23/361882/AIG-to.htm

US factories rebound, consumer sentiment shaky :: (ChinaPost.com.tw) - U.S. manufacturing grew in November at its quickest pace in five months, with a rise in domestic demand hinting that factories could provide a boost to economic growth in the fourth quarter.

http://www.chinapost.com.tw/business/americas/2012/11/23/361883/US-factories.htm

Chinese manufacturing grows in November: HSBC :: (ChinaPost.com.tw) - China's manufacturing activity grew in November for the first time in 13 months, HSBC said Thursday, in a further sign of strength in the world's second-largest economy after a marked slowdown.

http://www.chinapost.com.tw/business/global-markets/2012/11/23/361884/Chinese-manufacturing.htm

China must speed up financial reform to sustain growth: Moody's :: (ChinaPost.com.tw) - China must accelerate the pace of financial reform in coming months to sustain economic growth, ratings agency Moody's Investor Services said, forecasting the world's No. 2 economy will grow 7.5 percent each year from 2012 to 2014.

http://www.chinapost.com.tw/business/asia-china/2012/11/23/361885/China-must.htm

Measure of future US economic activity up slightly to 0.2 percent :: (ChinaPost.com.tw) - A measure of the U.S. economy designed to signal future activity rose only slightly last month, suggesting growth could stay weak.

http://www.chinapost.com.tw/business/americas/2012/11/23/361886/Measure-of.htm

Americans to loosen holiday purse strings: poll :: (ChinaPost.com.tw) - Americans are likely to spend between 3 and 4 percent more on their holiday shopping this year than last, in an apparent sign of increased consumer confidence, according to a survey published Wednesday.

http://www.chinapost.com.tw/business/americas/2012/11/23/361887/Americans-to.htm

Economy means sacrifice for Thanksgiving travelers :: (ChinaPost.com.tw) - Feeling the pinch of the sluggish economic recovery, many Americans setting out on the nation's annual Thanksgiving holiday migration had to sacrifice summer vacations, rely on relatives for airfares or scour the Web for travel deals to ensure they made it home.

http://www.chinapost.com.tw/business/americas/2012/11/23/361888/Economy-means.htm

Fitch downgrades Cyprus debt two notches to 'BB-' :: (ChinaPost.com.tw) - On Wednesday the credit ratings agency Fitch downgraded debt issued by eurozone member Cyprus by two notches, from "BB+" to "BB-," and said the outlook was negative, which means it could be cut further.

http://www.chinapost.com.tw/business/europe/2012/11/23/361889/Fitch-downgrades.htm

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

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

China's SMEs Access The Bond Market :: As financings go, the $7.8 million of three-year bonds that Tri-Tech Holding, Inc. (NASDAQ CM: TRIT) issued last month will not set any records for size. The significance of the financing, however, lies in the fact that it foreshadows a promising new source of capital for China's small and medium-sized private companies. According to research [...]
http://managingthedragon.com/?p84

Winners And Losers In China's Passenger Car Industry :: For the first 10 months of 2012, a total of 10.8 million passenger cars were sold in China, up 7.6 percent from the comparable period last year. China is now, by far, the largest passenger car market in the world, and given its size and importance, investors want to know: "Who is winning and who [...]
http://managingthedragon.com/?p89

Integration not necessarily a 'sovereign fund' :: (ChinaPost.com.tw) - The combination of the four major government funds does not necessarily have to be called a "sovereign fund," said Chang Sheng-ford, Minister of Finance, yesterday.

http://www.chinapost.com.tw/business/asia-taiwan/2012/11/22/361784/Integration-not.htm

Gou gets loan to pay short-term borrowings: Hon Hai :: (ChinaPost.com.tw) - The NT$19 billion syndicate loan that Terry Gou, chairman of Hon Hai Precision, recently borrowed was for the purpose of paying back the short-term loans he got to purchase a stake in Sakai Display Products (SDP), a subsidiary of Sharp, Hon Hai clarified yesterday.

http://www.chinapost.com.tw/business/global-markets/2012/11/22/361785/Gou-gets.htm

Rise in panel shipments for Q4 could disappoint: analyst :: (ChinaPost.com.tw) - Shipments of flat panels in the fourth quarter won't enjoy a significant increase due to weak consumer confidence in Europe and the United States, Industrial Technology Research Institute analyst Liu Mei-chun said yesterday.

http://www.chinapost.com.tw/business/asia-taiwan/2012/11/22/361786/Rise-in.htm

China-bound investment sees 22% decline :: (ChinaPost.com.tw) - Investment in China by Taiwanese companies dropped for the ninth consecutive month in October, with an annual decrease of 22 percent recorded in the first 10 months of this year, according to the latest statistics compiled by the Ministry of Economic Affairs.

http://www.chinapost.com.tw/business/asia-taiwan/2012/11/22/361787/China-bound-investment.htm

Spain may miss budget deficit goal: bank :: (ChinaPost.com.tw) - The Bank of Spain warned on Wednesday that the recession-hit country could miss its budget deficit target for 2012 given the 'very unfavourable' economic context, one year after it overshot its 2011 target.

http://www.chinapost.com.tw/business/europe/2012/11/22/361788/Spain-may.htm

IDB forum aids IT firms looking to expand :: (ChinaPost.com.tw) - The Industrial Development Bureau (IDB) under the Ministry of Economic Affairs held a forum Monday to help Taiwan's information technology (IT) service providers expand into overseas markets.

http://www.chinapost.com.tw/business/asia-taiwan/2012/11/22/361789/IDB-forum.htm

Taiwan, US companies to team up on cloud computing service :: (ChinaPost.com.tw) - Rhythm and Hues Studios Inc. (RandH), one of the world's top five visual effects companies, signed a memorandum of understanding (MOU) with Taiwan's top telecom operator Tuesday, to set up a joint venture to make Taiwan a cloud computing hub.

http://www.chinapost.com.tw/business/asia-taiwan/2012/11/22/361790/Taiwan-US.htm

Top Philippine banks holding tie-up negotiations to become biggest lender :: (ChinaPost.com.tw) - Philippine lender Bank of the Philippine Islands said Wednesday it was in talks to acquire local rival Philippine National Bank to create potentially the country's largest financial institution.

http://www.chinapost.com.tw/business/asia/philippines/2012/11/22/361791/Top-Philippine.htm

India's growing food market offers an opportunity for Taiwan: envoy :: (ChinaPost.com.tw) - India's growing market for agricultural and processed food products presents a big opportunity for Taiwanese companies, according to an Indian envoy to Taiwan.

http://www.chinapost.com.tw/business/asia/india/2012/11/22/361793/Indias-growing.htm

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