Friday, August 2, 2013

02-Aug-2013 12:57

Microsoft Office comes to Android, but not tablets :: (ChinaPost.com.tw) - Microsoft is bringing a pared-down version of its Office software to Android phones, but it is keeping the app off Android tablets just as it isn't making a version for iPads.

http://www.chinapost.com.tw/business/global-markets/2013/08/02/385342/Microsoft-Office.htm

Fed downgrades US economic growth to modest :: (ChinaPost.com.tw) - The Federal Reserve said Wednesday that the U.S. economy is growing only modestly, a downgrade from its June assessment. The Fed expects growth will pick up in the second half of the year, but the more cautious message may be a signal that it's not ready to slow its bond purchases soon.

http://www.chinapost.com.tw/business/americas/2013/08/02/385343/Fed-downgrades.htm

ArcelorMittal shares fall after loss, profit warning :: (ChinaPost.com.tw) - eelmaking giant ArcelorMittal reported a big loss for the second quarter on Thursday and downgraded its targets for the year, but said it had reached the low point of the downturn for its business.

http://www.chinapost.com.tw/business/global-markets/2013/08/02/385344/ArcelorMittal-shares.htm

Sony returns to quarterly profit on cheap yen :: (ChinaPost.com.tw) - As a slew of big-name Japanese companies report improved quarterly earnings, one theme is taking the sheen off their rosy numbers: mainstay businesses are still struggling despite the perk from a weaker yen.

http://www.chinapost.com.tw/business/global-markets/2013/08/02/385345/Sony-returns.htm

Indonesia inflation at four-year high after fuel hike :: (ChinaPost.com.tw) - Indonesia's inflation hit its highest level in July since early 2009 after a fuel price hike and an increase in the cost of food during Ramadan, official data showed Thursday.

http://www.chinapost.com.tw/business/asia/indonesia/2013/08/02/385346/Indonesia-inflation.htm

Sharp says April-June net loss shrinks to US$183 million; back in the black :: (ChinaPost.com.tw) - Struggling Japanese electronics giant Sharp said Thursday it shrunk its net loss between April and June, while returning to the black at the operating level.

http://www.chinapost.com.tw/business/asia/japan/2013/08/02/385347/Sharp-says.htm

Starbucks turns to Google for free Wi-Fi in cafes in the United States :: (ChinaPost.com.tw) - Google on Wednesday said it has been signed on to provide free high-speed wireless Internet service at all Starbucks cafes in the United States.

http://www.chinapost.com.tw/business/global-markets/2013/08/02/385348/Starbucks-turns.htm

BAE Systems posts more upbeat outlook on Saudi Arabian hopes :: (ChinaPost.com.tw) - British arms maker BAE Systems said on Thursday said it expected full-year earnings to be higher than previously estimated, in a hint that it was closer to a deal with Saudi Arabia.

http://www.chinapost.com.tw/business/global-markets/2013/08/02/385349/BAE-Systems.htm

Frenche SocGen bank reports doubled quarterly profit, shares up by near 6% :: (ChinaPost.com.tw) - French banking giant Societe Generale said Thursday it more than doubled its net profits in the second quarter, pushing its shares up by nearly 6.0 percent.

http://www.chinapost.com.tw/business/global-markets/2013/08/02/385350/Frenche-SocGen.htm

Xiaomi takes aim at quicker delivery times :: (ChinaPost.com.tw) - Chinese smartphone maker --iaomi Corp (小米) will try to improve its logistics operation and shorten merchandise delivery time from four days to within 24 hours, said the company's president Bin Lin (林斌) yesterday.

http://www.chinapost.com.tw/business/global-markets/2013/08/02/385355/Xiaomi-takes.htm

Smithfield and Shuanghui: Two Pigs in a Blanket? :: It may not be the oldest profession in the world, but pig production has to be up there in terms of history. China has been producing pigs for more than 2,000 years, well before the United States was even a gleam in the eyes of the Founding Fathers. So, how can the largest pork producer [...]
http://managingthedragon.com/?p!15

Chinese Carmakers Go Global :: You may not see Chinese cars in showrooms in the United States, Germany or Italy anytime soon, but you're liable to see them everywhere else you travel. While emissions, safety and quality requirements in the most developed countries of the world may be too difficult for China's local car makers to overcome in the near [...]
http://managingthedragon.com/?p!43

The Reality Of Electric Cars In China :: Everyone is excited about the potential for electric cars in China — except the companies actually making cars in China! At the Detroit Auto Show in January of this year, Tesla announced its plans to open a dealership in Beijing — its first store in China. George Blankenship, the company's vice president of worldwide sales, [...]
http://managingthedragon.com/?p!27

China: Getting Serious About Air Pollution? :: Sunday looked like a pretty clear day when I woke up yesterday  in Beijing, one of the best we've had in a few weeks. However, when I checked my Air Quality Index ("AQI") application, one that nearly all Beijingers have now installed on their cell phones, it stood at a decidedly "unhealthy" 145. So much [...]
http://managingthedragon.com/?p!45

Managing an Empowered Work Force in China ::   By now, many people have heard of Chip Starnes, the 42-year-old CEO of Florida-based Specialty Medical Supplies, who was held for six days against his will in the company's suburban Beijing factory. Starnes has appeared on CNBC Squawk Box, Bloomberg and countless other news shows, and the story of his "detainment" has been covered [...]
http://managingthedragon.com/?p!29

Apple: Another Lesson on What Not to Do in China :: Sometimes, too much success in China can create its own set of challenges. Ironically, the very success that Apple Inc. (NasdaqGS: AAPL) has had selling its products to Chinese consumers may be at least part of the reason why the Cupertino, California company found itself at odds with the powers that be in China in [...]
http://managingthedragon.com/?p 89

Asus records moderate decline in second-quarter results :: (ChinaPost.com.tw) - PC maker Asus yesterday posted moderate gains for the second quarter, reporting a net income of NT$5.826, down 19 percent year-on-year, on revenues of NT$13.023 billion, up 8 percent year-on-year.

http://www.chinapost.com.tw/business/company-focus/2013/08/01/385246/Asus-records.htm

Fed unlikely to offer major clues on rate policies :: (ChinaPost.com.tw) - Chairman Ben Bernanke rattled markets last month when he said the Federal Reserve might slow its bond purchases later this year if the U.S. economy strengthens.

http://www.chinapost.com.tw/business/americas/2013/08/01/385258/Fed-unlikely.htm

Judge says he can't end Chrysler battle :: (ChinaPost.com.tw) - A Delaware judge on Tuesday said he needs to hear more evidence before he can decide how much Fiat should pay to buy some outstanding shares of U.S. automaker Chrysler.

http://www.chinapost.com.tw/business/americas/2013/08/01/385259/Judge-says.htm

Panasonic's April-June net profit up eightfold :: (ChinaPost.com.tw) - Japanese consumer electronics giant Panasonic Corp. said Wednesday its quarterly earnings surged more than eightfold last quarter, helped by the weaker yen and a one-time boost from a change in its corporate pension scheme.

http://www.chinapost.com.tw/business/global-markets/2013/08/01/385260/Panasonics-April-June.htm

Apple's treatment of employees under scrutiny in recent lawsuit :: (ChinaPost.com.tw) - Apple is facing accusations of shortchanging thousands of employees who haven't been getting paid while being forced to wait in line to show they aren't trying to steal an iPhone, iPad or other merchandise from the company's bustling stores.

http://www.chinapost.com.tw/business/global-markets/2013/08/01/385261/Apples-treatment.htm

Facebook shares bounce back following dismal debut IPO :: (ChinaPost.com.tw) - Facebook shares on Tuesday nearly climbed their way back to the US$38 mark from which they plunged after a dismal debut in the stock market last year.

http://www.chinapost.com.tw/business/global-markets/2013/08/01/385262/Facebook-shares.htm

Bayer profits up on new drugs, lower charges :: (ChinaPost.com.tw) - German drug and chemicals company Bayer AG says net profit rose 75 percent in the second quarter thanks to lower one-time charges and strong sales of new products including anti-clotting drug --arelto and cancer drug Stivarga.

http://www.chinapost.com.tw/business/global-markets/2013/08/01/385263/Bayer-profits.htm

Toshiba swings to quarterly profit capitalizing on weak Japanese yen :: (ChinaPost.com.tw) - Japan's Toshiba on Wednesday reported US$54 million in net profit for the April-June quarter, reversing a quarterly loss a year earlier, thanks to a weak yen and brisk sales of electronic devices.

http://www.chinapost.com.tw/business/global-markets/2013/08/01/385264/Toshiba-swings.htm

Siemens appoints its long-standing finance chief Kaeser as newest CEO :: (ChinaPost.com.tw) - Siemens AG has appointed longtime finance chief Joe Kaeser as its new chief executive, replacing Peter Loescher after a series of missed profit targets at the German industrial conglomerate.

http://www.chinapost.com.tw/business/global-markets/2013/08/01/385265/Siemens-appoints.htm

Volkswagen's net profit in first half sees major plunge, holds its outlook :: (ChinaPost.com.tw) - Volkswagen, Europe's biggest carmaker, said Tuesday it's first-half net profit plunged nearly 46 percent due partly to a difficult European market but confirmed its full-year forecasts.

http://www.chinapost.com.tw/business/global-markets/2013/08/01/385267/Volkswagens-net.htm

US growth pushes oil near US$106 :: (ChinaPost.com.tw) - Faster economic growth in the U.S. and tightening crude supplies helped push up oil prices Thursday.

http://www.chinapost.com.tw/business/global-markets/2013/08/02/385282/US-growth.htm

Asian manufacturing sector weakness deepens: surveys :: (ChinaPost.com.tw) - Asia's manufacturing sector weakened in July, private surveys showed Thursday, with China's showing a deepening contraction amid nagging worries over the growth outlook for the world's second-largest economy.

http://www.chinapost.com.tw/business/asia/other/2013/08/02/385323/Asian-manufacturing.htm

Shale Gas: China's Untapped Resource :: When I met recently with a senior investment officer from China Investment Corporation ("CIC"), the country's sovereign wealth fund, I was told that CIC is very bullish on the United States. Why? In CIC's opinion, the existence of large shale gas reserves in the U.S. will provide a massive shot in the arm for the [...]
http://managingthedragon.com/?p!21

Feeding China's Population :: Food — providing enough of it at acceptable levels of quality and at an affordable cost is shaping up to be one of China's most challenging problems. Lax quality control, production shortcuts, urbanization and rising consumer spending are all combining to turn the spotlight on China's food supply chain, creating problems, but also opportunities, for [...]
http://managingthedragon.com/?p!03

China's Car Sales Surge — Again! :: After respectable — but low for China — growth of 7.7 percent in 2012, car sales surged by 21.6 percent during the first quarter of 2013. Even more surprising was the fact that sales of Chinese brands increased even faster than the overall market. Sales by the local car companies increased by 33.6 percent during [...]
http://managingthedragon.com/?p 94

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