A123: Another Test For China's U.S. Expansion Plans :: The pending auction of the battery business of A123 Systems, Inc. (OTC Markets: "AONEQ") will present yet another test for the U.S. expansion plans of Chinese companies interested in becoming global players. On October 16, A123, a Massachusetts-based company that designs, develops, manufactures, and sells rechargeable lithium-ion batteries and energy storage systems, filed for bankruptcy [...]
http://managingthedragon.com/?p 18
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
Canada Greenlights CNOOC's Purchase of Nexen :: Last Friday, the Canadian government approved China's biggest overseas energy acquisition, a $15.1 billion takeover of Nexen Inc. (NYSE: "NXY") by CNOOC Ltd. (NYSE: "CEO"). State-owned CNOOC is China's largest offshore driller, while Nexen is a Calgary based independent energy company that operates in Canada, the United Kingdom, and the United States, and offshore West [...]
http://managingthedragon.com/?p 31
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 [...]
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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
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
TSMC sales fall by 11.4% month-on-month in Nov. :: (ChinaPost.com.tw) - Taiwan Semiconductor Manufacturing Co. (TSMC) yesterday reported November sales of NT$44.253 billion, a decline of 11.4 percent from its October revenue.
http://www.chinapost.com.tw/business/global-markets/2012/12/11/363730/TSMC-sales.htm
Taiwan shares close 0.42% lower :: (ChinaPost.com.tw) - Taiwan share prices closed down 32.76 points, or 0.42 percent, at 7,609.5 yesterday.
Turnover totaled NT$72.24 billion during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/12/11/363731/Taiwan-shares.htm
Banks to issue handsome year-end bonuses :: (ChinaPost.com.tw) - Banks are expected to give out handsome bonuses this year after making huge profits, media reported yesterday.
According to government data, banks made earnings of NT$200 billion over the first ten months, and the figure can easily reach NT$230 billion, a record high, by the end of the year.
http://www.chinapost.com.tw/business/asia-taiwan/2012/12/11/363732/Banks-to.htm
HTC on track to meet Q4 sales target: brokerage :: (ChinaPost.com.tw) - Taiwanese smartphone maker HTC Corp. is poised to meet its sales forecast for the current quarter in light of wider distribution of its new devices, U.S. brokerage Morgan Stanley said yesterday.
http://www.chinapost.com.tw/business/global-markets/2012/12/11/363733/HTC-on.htm
2012 ANZCham Business Excellence Awards handed out :: (ChinaPost.com.tw) - The seventh annual Australian and New Zealand Chamber of Commerce (ANZCham) Business Excellence Awards were presented at a gala dinner held at the Far Eastern Plaza Hotel in Taipei on Dec. 6.
http://www.chinapost.com.tw/business/asia-taiwan/2012/12/11/363734/2012-ANZCham.htm
Taiwan COMPANY REPORTS :: (ChinaPost.com.tw) - Hon Hai Precision Industry
Hon Hai Precision Industry yesterday reported nonconsolidated sales of NT$351.733 billion for November, a record high.
The figure was a rise of 27.57 percent from October and 14.5 percent from November 2011.
http://www.chinapost.com.tw/business/global-markets/2012/12/11/363735/Taiwan-COMPANY.htm
Italy's official industrial output drops 1.1 percent in October :: (ChinaPost.com.tw) - Industrial output fell by 1.1 percent in Italy in October on a monthly basis and by 6.2 percent on an annual comparison, the national statistics agency ISTAT said Monday.
http://www.chinapost.com.tw/business/europe/2012/12/11/363737/Italys-official.htm
US dollar increases NT$0.025 to end at NT$29.150 on forex :: (ChinaPost.com.tw) - The U.S. dollar rose against the New Taiwan dollar yesterday, gaining NT$0.025 to close at the day's high of NT$29.150.
Turnover totaled about US$769 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2012/12/11/363738/US-dollar.htm
Mayor Bloomberg weighs up buying Financial Times: NYT :: (ChinaPost.com.tw) - New York City Mayor Michael Bloomberg is weighing up whether to make a bid for The Financial Times Group, which includes the namesake paper and a half interest in The Economist magazine, the New York Times reported, citing three people close to the mayor.
http://www.chinapost.com.tw/business/americas/2012/12/11/363740/Mayor-Bloomberg.htm
Virgin Atlantic and Delta eye possible trans-Atlantic tie-up :: (ChinaPost.com.tw) - Virgin Atlantic will form a joint venture on trans-Atlantic flights with Delta Air Lines if the U.S. carrier buys Singapore Airlines' 49-percent stake in the UK airline, a source close to Virgin said.
http://www.chinapost.com.tw/business/global-markets/2012/12/11/363743/Virgin-Atlantic.htm
Weak trade data adds to challenges for China :: (ChinaPost.com.tw) - China's trade weakened sharply in November, adding to challenges for the world's second-largest economy as a gradual recovery takes shape.
http://www.chinapost.com.tw/business/asia-china/2012/12/11/363745/Weak-trade.htm
Revised GDP signals recession for Japan :: (ChinaPost.com.tw) - Japan's economy contracted for a second straight quarter in July-September, revised government data showed on Monday, indicating that weak global demand nudged the export-reliant economy into a mild recession.
http://www.chinapost.com.tw/business/asia/japan/2012/12/11/363747/Revised-GDP.htm
India car sales slide more than 8% last month :: (ChinaPost.com.tw) - India's car sales slid more than 8 percent in November from a year earlier, industry data showed on Monday, underscoring the overall slowdown gripping this hugely important Asian economy.
http://www.chinapost.com.tw/business/asia/india/2012/12/11/363748/India-car.htm
Chip-maker Renesas set to raise up to US$2.43 bil. to fix balance sheet :: (ChinaPost.com.tw) - Struggling Japanese chip-maker Renesas Electronics said Monday it would raise up to US$2.43 billion from a share sale and a separate capital injection to rescue its troubled balance sheet.
http://www.chinapost.com.tw/business/asia/japan/2012/12/11/363749/Chip-maker-Renesas.htm
S. Korea gets US$160 mil. US investment :: (ChinaPost.com.tw) - Korea has attracted investment totaling about US$160 million (172 billion won) from an enterprise in the United States through the government-led investor relations session, the Ministry of Knowledge Economy said Sunday.
http://www.chinapost.com.tw/business/asia/korea/2012/12/11/363750/S-Korea.htm
Owner of PPR buys majority stake in China's Qeelin for undisclosed price :: (ChinaPost.com.tw) - The French owner of the Gucci label, PPR, announced late Sunday that it had acquired a "majority" stake for an undisclosed amount in rising Chinese luxury jewelry brand Qeelin.
http://www.chinapost.com.tw/business/europe/2012/12/11/363751/Owner-of.htm
Opel to stop car production at Bochum plant in 2016, ceasing Zafira car range :: (ChinaPost.com.tw) - Opel, the loss-making German arm of U.S. auto giant General Motors, said Monday it would halt auto production at its Bochum plant in 2016 but pledged to keep it running as a parts distribution centre.
http://www.chinapost.com.tw/business/global-markets/2012/12/11/363752/Opel-to.htm
Samsung Engineering consortium wins US$3 bil. deal in Saudi Arabia :: (ChinaPost.com.tw) - An international consortium led by Samsung Engineering has secured a US$3 billion deal to build a power and desalination plant in Saudi Arabia, the company said Monday.
http://www.chinapost.com.tw/business/global-markets/2012/12/11/363753/Samsung-Engineering.htm
Chinese firm wins bid for bankrupt US battery maker A123 Systems Inc. :: (ChinaPost.com.tw) - Bankrupt battery maker A123 Systems Inc. said it will sell most of its assets to the U.S. arm of Chinese auto parts conglomerate Wanxiang Group Corp. for US$256.6 million.
http://www.chinapost.com.tw/business/global-markets/2012/12/11/363754/Chinese-firm.htm
HK-based firm to build US$1 billion energy portfolio in the Philippines :: (ChinaPost.com.tw) - Hong Kong-based Energy World Corp. Ltd. is building an impressive power portfolio in the Philippines comprising natural gas facilities and renewable energy power plants, with investments possibly exceeding US$1 billion.
http://www.chinapost.com.tw/business/asia/philippines/2012/12/11/363755/HK-based-firm.htm
German exports edge up in October following sizable drop in September :: (ChinaPost.com.tw) - Official data show that exports from Germany, Europe's biggest economy, edged higher in October following a substantial drop the previous month.
http://www.chinapost.com.tw/business/europe/2012/12/11/363757/German-exports.htm
Kodak receives patent bid from Apple, Google: Bloomberg News :: (ChinaPost.com.tw) - Apple and Google, bitter rivals in smartphone technology, have joined up to make a combined bid for a bundle of patents offered by photography pioneer Kodak, according to a published report.
http://www.chinapost.com.tw/business/company-focus/2012/12/12/363788/Kodak-receives.htm
Major Trends in China: The Next 10 Years :: As Xi Jinping and Li Keqiang take the reins of power from Hu Jintao and Wen Jiabao, they face many challenges, some so staggering that one wonders how they can ever be addressed. The major themes and trends that will influence the course of China's economic development over the next ten years will be defined [...]
http://managingthedragon.com/?p 16
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