Archive for the ‘Business’ Category
Friday, September 7th, 2007
China COSCO Holdings Company Limited plans to acquire major dry bulk shipping assets for a total consideration of RMB34.6 billion from COSCO Group in an attempt to become a global leader in integrated shipping and to reinforce its market leadership.
The company plans to pay the consideration with the proceeds from ...
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Friday, September 7th, 2007
More and more land is hitting Singapore markets.
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Friday, September 7th, 2007
The People's Bank of China yesterday raised the amount that commercial banks must hold in reserve by 0.5 of a percentage point, for the seventh time this year.
The adjustment will take effect from September 25.
"The move aims to strengthen liquidity management in the banking system and curb fast growing loans," ...
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Saturday, August 25th, 2007
Chinese share prices closed slightly higher on the last trading day of this week with major index kept above the 5,000-point mark. The benchmark Shanghai Composite Index went up 1.49 percent or 75.18 points to close at 5,107.67 points on a transaction volume of 167.55 billion yuan (22.05 billion U.S. dollars).
The ...
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Tuesday, August 21st, 2007
Chinese citizens have been allowed to invest directly in the overseas securities market on a trial basis, according to a circular released by the State Administration of Foreign Exchange (SAFE) on Monday. According to the circular, the Binhai New Area of Tianjin will be the first pilot area for the trial ...
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Tuesday, August 21st, 2007
BEIJING, Aug. 20 (Xinhua) -- The Chinese government has unveiled targets in rejuvenating its old northeast industrial economies in 10 to 15 years, in a document published on Monday by the country's top planning body. The northeastern region, including the provinces of Liaoning, Jilin, Heilongjiang and eastern Inner Mongolia, has an ...
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Sunday, August 19th, 2007
It seems an odd strategy for sports marketing powerhouse IMG:Build the business by letting your star athletes leave.But that's exactly the path IMG is taking these days.Certainly not all its athletes are making for the exits.IMG still crosses the T's on Tiger Woods' Nike deals and makes sure Roger ...
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Thursday, August 16th, 2007
At the very top of a company,a subtle sorting process reveals might become CEO and who won't.The irony is,what makes you a winner.
by Dan Ciampa
Shortly after being elected U.S. president in 1960,John Kennedy offered Robert McNamara,then president of Ford,the post of treasury secretary.McNamara turned down the offer,saying he ...
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Monday, August 13th, 2007
Yahoo Inc. President Susan Decker purchased about $1.1 million of the Internet company's shares this week just after the stock hit a three-year low.In a U.S. Securities and Exchange Commission filing this week, Decker revealed she had purchased about 47,000 shares of the company on Aug. 7 and Aug. 8.
The ...
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Monday, August 13th, 2007
Stocks ready to rebound
U.S. markets poised to open higher as investors gingerly step back in after last week's selloff.
August 13 2007: 7:32 AM EDT
NEW YORK (CNNMoney.com) -- U.S. stocks are likely to open higher Monday after credit fears caused global markets to swoon last week.
At 7:28 a.m. ET, Nasdaq ...
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