Archive for the 'China' Category
China’s trade surplus plunges 64% in February
China’s trade surplus plummeted 64% in February 2008, as blizzards disrupted shipments and U.S. demand weakened, China’s Xinhua News Agency reported Monday.
China’s trade surplus narrowed to $8.56 billion in February 2008. The trade surplus totaled $19.5 billion in January 2008.
Economist surv…
As Boeing and Airbus battle, China walks in a side door
Boeing Co. (NYSE: BA) and Airbus go toe to tor for nearly very major commercial airline contract in the world. They haul each other into court by universal trade practice questions. For pure blood sport, the competition can hardly be matched.
Over the course of the final week, the battle amoung t…
Best Buy: China will be our largest market external the U.S.
Best Buy, Inc. (NYSE: BBY) continues to remain dominant in the U.S. when it comes to large consumer electronics stores, but that doesn’t mean that is ignoring other potentially lucrative markets. Six to eight new locations in the Shanghai area that year will help assemble China become its moment…
China says it will keep monetary policy tight in 2008
China will preserve a tight monetary policy, a vice governor for China’s central bank, the People’s Bank of China, said Monday, China’s government-run Xinhua News Agency reported.
“The primary risk to China’s economy is inflation and the government will stick to the tight monetary policy,” Centra…
Are sovereign wealth funds a threat to national defense?
News that the European Commission is planning to adopt proposals next week that will ask sovereign wealth funds to accept a cipher of conduct to govern their investment activities, raises the question whether the U.S. government should take a look at the affect these funds may have on U.S. defense.
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Will prices at the pump actually decline?
With fuel prices reaching their highest levels since final June, many consumers are worried that by the end of the summer driving season we may actually see $4.00 a gallon. With crude oil moving by $100 a barrel, and with a market driven by speculators and not fundamentals, crude prices moving u…
Economist expects China’s 2008 inflation to exceed official 4.8% limit
China’s government said it hopes to limit inflation to 4.8% that year, but said it could have trouble doing so after January 2008 snowstorms worsened food shortages, the Associated Press reported Friday.
The storms, which disrupted food ships, might keep inflation high in February 2008, said Zhou…
China strengthens yuan slightly, hints at currency policy revision
China’s central bank let the yuan appreciate slightly Tuesday night to 7.1452 yuan to the dollar from 7.1580 yuan, China’s Xinhua News Agency announced Wednesday. The report plus provided a tip regarding the pace of future currency appreciation.
“We will further improve monetary policy contro…
JP Morgan looking to Asia with new fund
The private fairness scene in the US continues its freeze. So many firms are looking for opportunities abroad, particularly in Asia. For example, according to a piece in The Wall Street Journal, TPG is finishing up its deal to buy a 43.4% stake in NIS Group, a Japanese lender.
Interestingly s…
iPhones making their way back to China
Gray market sales have been a serious problem for Apple (NASDAQ: AAPL) with its hit iPhone and now it’s getting weirder: iPhones made in China are being exported to the United States and Europe and soon after smuggled back to the People’s Republic.
Apple’s been puzzling by a paradox with the iPho…
China’s trade surplus drops for moment consecutive month
Is China’s trade surplus finally trending lower? One economist specializing in China’s economy said possibly. but we won’t know for convinced for a few months.
China’s trade surplus totaled $19.4 billion in January 2008 — the first day the surplus has been below $20 billion in the final three mo…
China quality problems may form Baxter (BAX) the next Mattel (MAT)
A plant in China may be producing flawed ingredients for the big-selling Baxter International (NYSE:BAX) blood thinner Heparin. According to The Wall Street Journal it is the same “blood-thinner that is under inspection after reports of hundreds of allergic reactions and four deaths among the drug’s…
Coal’s price is surging on China demand
Most investors are aware that China’s surging growth and increasing energy use have helped push oil to +$90 per barrel near-record highs. But what many probably don’t know is that China’s double-digit GDP growth is forcing up the price of another major energy source: coal.
The price of coal -…
Serious Money: great picks: Aluminum Co. of China & Anadarko
One of our readers commented recently that I had earned his respect considering I always tracked and posted my poor picks not just the good picks. I have been told that often but it is not so strange in better publications. Barron’s weekly and Fortune Magazine both do the same. It’s only fair, a…
