Greece to buy 142 ships from China
SHANGHAI, May 18 (Xinhua) — Greek Shipping Minister Kostis Moussouroulis said here Saturday Greek shipowners have recently signed contracts to buy 142 new ships from Chinese shipbuilding companies.
The orders, which were signed in April, [...]
Mexican government lowers 2013 growth forecast to 3.1 percent
MEXICO CITY, May 17 (Xinhua) — Mexico’s Finance Ministry ( SHCP) Friday lowered the 2013 gross domestic product (GDP) growth forecast from 3.5 to 3.1 percent.
At a press conference, SHCP’s Assistant Secretary Fernando Aportela [...]
Kaifu Lee’s TMI Innovation Works in Taiwan Invests in Three Startups
TMI Holding Company (Taiwan Innovation Works) is a VC company jointly established by Kaifu Lee, WI Harper Group and ITRI in Taiwan. Today Kaifu Lee publicly announced in Chinese mainland that they have invested in Taiwan’ three software companies.
Citiesocial.com, [...]
Mayer Acquires 10 Companies in 10 Months, 62 Entrepreneurs Join Yahoo
Yahoo’ spokesman said Loki Studio is the fourth company acquired by Yahoo this month and the tenth one since last July. Mayer puts forward an ambitious plan last July, aiming at venture companies “in line with Yahoo’s business development [...]
Perfect World Invests in Dozens of Game Developers Including PGSOUL
According to Perfect World’s Senior Vice President Alex Xu’s words on May 15, Perfect World has invested in dozens of mobile game developers including PGSOUL, with no specific amount disclosed.
Xu stated that PGSOUL Game Studio is the first [...]
Life Community 19lou Secures Financing of RMB60M
According to China Hangzhou Equity Exchange, 19lou concluded United Transfer Agreement and Capital and Shares Increase Agreement with Hangzhou Lianchuang Yongyi Venture Investment Partnership and Hangzhou Yongxuan Yongming Equity Investment [...]
Bitcoin value surges
It began as a popular game among computer hackers, and has grown into a virtual currency, traded around the world. Bitcoin’s value has multipled in value some 8000 times. And, it’s total market value has surpassed 1 billion U.S dollars. [...]
Zero2IPO Data: China’s M&A Activity to Be Stable in Apr, Real Estate M&A Rising
According to PE Data of Zero2IPO Research Center, China’s M&A market totally had 65 M&A deals in April 2013 involving a total value of US$ 2.53B, among which 63 were disclosed with amount. Averagely, each M&A deal involved about [...]
Gold demand surges in China, weakens globally
BEIJING, May 16 (Xinhua) — China’s demand for gold jumped 20 percent to 294 tonnes in the first quarter of 2013, while global gold demand slid 13 percent in the period, according to a new World Gold Council (WGC) assessment.
The [...]
Yen’s depreciation hits Chinese exporters
BEIJING, May 16 (Xinhua) — The depreciation in the Japanese yen has greatly affected China’s exports to the country, although Japan’s quantitative easing measures are conducive to its domestic market recovery, the Ministry [...]
Telecoms probe hurts Chinese, EU interests: MOC
BEIJING, May 16 (Xinhua) — The interests of both China and European Union (EU) members will be hurt if the EU adopts trade remedy measures unilaterally on Chinese mobile telecommunications equipment, the Ministry of Commerce (MOC) said [...]
China’s FDI inflow continues to slow
BEIJING, May 16 (Xinhua) — China attracted 8.44 billion U.S. dollars of foreign direct investment (FDI) in April, up just 0.4 percent year on year, the Ministry of Commerce said Thursday.
The figure marked a sharp slowdown in FDI inflow [...]
China starts annual South China Sea fishing ban
HAIKOU, May 16 (Xinhua) — A two-and-a-half month fishing ban will begin at noon Thursday in most parts of the South China Sea as part of efforts to rehabilitate marine resources, according to fishery authorities.
The Hainan provincial [...]
Vietnam targets to earn 40 bln USD from electronics exports by 2017
HANOI, May 15 (Xinhua) — Vietnam set a target to earn 40 billion U.S. dollars from electronics exports by 2017, over nearly 20 billion dollars in 2012.
The remarks were made by Vietnamese Deputy Prime Minister Nguyen Thien Nhan at the [...]
U.S. small business confidence rebounds in April
WASHINGTON, May 14 (Xinhua) — U.S. small business confidence went up again in April after last month’s drop, but pessimism still abounded within the sector, a leading industry association said Tuesday.
The National Federation of [...]
Japan’s Sharp announces record annual loss for fiscal 2012
OSAKA, May 14 (Xinhua) — Japanese electronics manufacturer Sharp Corporation released a financial report on Tuesday with a record full-year loss of 545 billion yen (5.5 billion U.S. dollars) and announced a board change with a new president [...]
Chinese shares close lower Tuesday
Pakistan´s ambassador to the United States, Sherry Rehman, has resigned after her Pakistan Peoples Party faced defeat in general elections, state media reported Tuesday.
The UN Security Council on Monday expressed strong condemnation after [...]
BOJ in contact with Bloomberg on data access
Pakistan´s ambassador to the United States, Sherry Rehman, has resigned after her Pakistan Peoples Party faced defeat in general elections, state media reported Tuesday.
The UN Security Council on Monday expressed strong condemnation after [...]
New Zealand seeks to minimize costs in tax sharing agreement with U.S.
WELLINGTON, May 14 (Xinhua) — The New Zealand government Tuesday sought to reassure financial services firms that it would seek to minimize compliance costs in its negotiations with the United States on an agreement to crack down on [...]
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