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Asia Dominates Strong IPO Market in Q1: Ernest &Young

BOCVIP — Fri, 09 Apr 2010 02:29:18 -0700

There was a substantial improvement in global initial public offering (IPO) activity in the first quarter of the year with the Asian market still playing leading role, said Ernest & Young in its latest report Friday.

The report said there were 256 deals globally in the first quarter worth a total of 53.2 billion U.S. dollars. This is substantially higher than the 52 deals which raised 1.4 billion U.S. dollars in the year-ago period.

ASEAN Economies to Grow by up to 5.6 Pct

BOCVIP — Thu, 08 Apr 2010 22:21:12 -0700

The ASEAN economy will grow by about 4.9 percent to 5.6 percent in 2010 with ASEAN economies recording moderate to strong growth.

The finance ministers of the Association of Southeast Asian Nations (ASEAN) said on Thursday that the region is expected to see a 4.9 percent to 5.6 percent growth this year, Xinhua reported.

Goldman Sachs Ups India’s Inflation Forecast to 7.5Pct

BOCVIP — Thu, 08 Apr 2010 23:10:44 -0700

Higher consumer prices as well as commodities such as steel and iron will increase India's inflationary pressures.

Goldman Sachs raised its forecast for India's inflation for 2010/11 to 7.5 percent from previous 6 percent, Xinhua reported.

The report said higher consumer prices as well as commodities such as steel and iron will increase India's inflationary pressures, which, Goldman believed, would not be eased as the winter crop comes in.

Louis Vuitton Parent LVMH to Launch Luxury Hotels

BOCVIP — Thu, 08 Apr 2010 20:18:00 -0700

French luxury goods giant LVMH Moet Hennessy Louis Vuitton (MC.FR) Thursday said it has launched LVMH Hotel Management to enter the business of managing high-end hotels, Xinhuanet reported.

LVMH said it has signed a partnership with the Swiss- and Egyptian-listed property company Orascom Development Holding AG (ODHN.EB) for the construction of a hotel in Oman and another one in Egypt. LVMH is to manage the hotels, and will take a percentage of sales and profits.

U.S. Geithner Makes an Unscheduled Visit to China

BOCVIP — Thu, 08 Apr 2010 01:40:44 -0700

Political observers said as the approaching of a series of international conferences, China may feel much more pressure to reevaluate its currency.

After ending his trip in India, the U.S. Treasury Timothy Geithner will meet China Vice Premier Wang Qishan in Beijing Thursday, the latest signal that both China and the U.S. are trying to resolve the touchy issue of the Chinese currency's value.

Who Bribed Stern Hu?

BOCVIP — Thu, 08 Apr 2010 01:50:58 -0700

News, cover, Issue 463, April 5, 2010
Translated by Liu Peng
Original article: [Chinese]

Tan Yixin (above) was sentenced on the same day as the Rio Tinto Four

Debate Over Regulations Establishing Wind Power Standards

BOCVIP — Thu, 08 Apr 2010 01:50:58 -0700

Corporation, page 26, issue 462, March 28, 2010
Translated by Tang Xiangyang
Original article:[Chinese]

East Asia's GDP Expected to Grow 8.7Pct in 2010: World Bank

BOCVIP — Thu, 08 Apr 2010 03:09:40 -0700

The World Bank Wednesday upgraded its growth forecast for Developing East Asia this year to 8.7 percent

The World Bank Wednesday upgraded its growth forecast for Developing East Asia this year to 8.7 percent, nearly 1 percent higher than its previous projection made in November last year, Xinhua reported.

The report said the region has emerged stronger from the global financial crisis and the indexes of output, export, as well as employment, have already returned to pre-crisis level.

GM Reports 4.3 Billion Net Loss for 2009

BOCVIP — Wed, 07 Apr 2010 23:38:01 -0700

GM posted a net loss of 4.3 billion dollars on Wednesday from July to December in its first profit report since exiting bankruptcy.

The U.S. car maker General Motors Company (GM) on Wednesday posted a 4.3 billion net loss for 2009, but said it was possible to make a profit this year, Xinhuanet reported.

The net loss covered the period from its emergency from bankruptcy in July through the end of the year. It also reported a 3.4 billion U.S. dollars net loss for the fourth quarter of 2009.

U.S. Consumer Credit Fell 5.5 Pct in Feb.

BOCVIP — Thu, 08 Apr 2010 00:49:57 -0700

The U.S. Federal Reserve announced on Wednesday that the U.S. consumption credit dropped at an annual pace of 5.5 percent in February, Xinhuanet reported.

Data show in February the consumer credit fell by 11.5 billion U.S. dollars compared to a 50 -million U.S. dollars prediction by economists.

China, Costarica Sign Free-Trade Agreement in Beijing

BOCVIP — Wed, 07 Apr 2010 22:15:46 -0700

China and Costarica have signed a free trade agreement in Beijing, scheduled to come into effect in the second half of 2010, Xinhuanet reported Thursday.