Archive for September, 2009
China Approves GM-Delphi Deal Following Conditions
September 30th, 2009 | 
Author: Sept. 29 – China’s Commerce Ministry has approved General Motors Co.’s plan to buy parts of auto parts maker Delphi under certain conditions that would prevent the two from monopolizing the industry.
These conditions include forbidding GM and Delphi to divulge trade secrets about Delphi’s clients as well as requiring Delphi to ensure it supplies parts [...]
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China Tightens Royalty Payments via Double Tax Treaty Residency
BEIJING, Sept. 30 – The State Administration of Tax moved last week to clarify the treatment of royalties under the nation’s double tax treaties.
Guo Shui Han (2009) No. 507, published on September 23 and taking effect October 1, sets out the scope of permitted royalties under double tax treaties (DTAs) as well as what should [...]
Economics ministry completes ECFA early-harvest list
(ChinaPost.com.tw) – The Ministry of Economic Affairs has completed a tentative early-harvest list that would be included in the proposed cross-Taiwan Strait economic cooperation framework agreement (ECFA) and is ready to negotiate its details with China.
Central banker pushes speedy signing of currency settlement pact
(ChinaPost.com.tw) – Taiwan’s central bank governor said Wednesday he looks forward to the speedy signing of a currency settlement agreement between the two sides of the Taiwan Strait.
As deadline nears, NT$2 billion in shopping vouchers still unused
(ChinaPost.com.tw) – Slightly more than NT$2 billion (US$59.88 million) worth of consumption vouchers remained unused or uncashed as of Sept. 28, two days before their expiration date, according to official statistics released Wednesday.
Finnish recession to deepen to 7.2%
(ChinaPost.com.tw) – Finland’s economy will contract by 7.2 percent in 2009 and will experience zero growth in 2010, the central bank said in a forecast published on Tuesday.
Russia cuts key interest rate half-point to 10%
(ChinaPost.com.tw) – Russia’s Central Bank will cut its main refinancing rate by half a point to 10.0 percent, it said in a statement Tuesday, in its latest bid to stimulate the country’s economy.
Warner to return its music to YouTube
(ChinaPost.com.tw) – Warner Music Group Corp. has agreed to return songs and music videos from its artists to the YouTube video site, after a months-long boycott over what it called unfair terms, according to a person familiar with the matter.
British economy shrinks 0.6% in quarter: data
(ChinaPost.com.tw) – The British economy contracted 0.6 percent in the second quarter compared with output in the first three months of 2009, an improvement on the previous estimate of minus 0.7 percent, official data showed on Tuesday.
Vodafone to sell iPhone in UK from 2010
(ChinaPost.com.tw) – Vodafone, the world’s largest mobile operator by revenue, will sell the Apple iPhone in Britain from 2010, it said on Tuesday, finally sealing a deal to sell the popular phone in one of its biggest markets.