Saturday, November 24, 2012

24-Nov-2012 11:59

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

Oil eases on Gaza truce, euro data :: (ChinaPost.com.tw) - Oil prices fell in Asia Friday in thin trade following the U.S. Thanksgiving holiday, with a truce in Gaza and gloomy eurozone manufacturing data weighing on buying sentiment, analysts said.

http://www.chinapost.com.tw/business/global-markets/2012/11/24/361926/Oil-eases.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

Happy Thanksgiving to MTD's Readers :: Having lived in China for the past 20 years, one question I'm frequently asked is: "What about the United States do you miss most?” For my wife and me, the answer to that question is easy—the holidays. On the Fourth of July, Memorial Day, or Labor Day, when everyone in the States is taking a [...]
http://managingthedragon.com/?p 09

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

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

International Retailers Struggle in China :: In recent weeks, many of the large international retailers have announced changes in their expansion plans for China. Home Depot (NYSE: HD), the large U.S. do it yourself chain, is closing stores, as is Tesco PLC (LSE: TSCO.L), the large U.K. retailer. Even the two earliest entrants into China's retailing industry, Wal-Mart Stores Inc. (NYSE:WMT) [...]
http://managingthedragon.com/?p79

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