Archive for December, 2009
China Resources Vanguard Plans 360 New Outlets In 2010
December 31st, 2009 | 
Author: China Resources Vanguard, the hypermarket subsidiary of China Resources (Holdings) Company, has opened the final outlet in its expansion plan for Guangzhou in 2009 and is looking to open around 360 new outlets in 2010.
A representative from CV Vanguard told local media that the company had opened about 100 outlets in the fourth quarter of [...]
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China’s Mixed Signals in a Strange Year
Op/Ed Commentary: Chris Devonshire-Ellis
Dec. 31 – As we look back on 2009, the year ends with a more upbeat feel to it than 12 months previously when the true impact of the global recession was making its scale apparent. However, 2009 was a strange year and it is with a mixture of some relief [...]
North Korea bans foreign currencies
(ChinaPost.com.tw) – North Korea has banned the use of foreign currency, another sign its hard-line communist government is intent on reasserting control over the country’s nascent market economy.
TWSE to raise daily price fluctuation limit of stocks to 10%
(ChinaPost.com.tw) – The Taiwan Stock Exchange Corp. (TWSE) may soon raise the daily price fluctuation limit of stocks from the current 7 percent to 10 percent in response to the expectations of many foreign institutional investors, TWSE Chairman Schive Chi said Thursday.
Germany’s Siemens will sell its stake in Draeger
(ChinaPost.com.tw) – German conglomerate Siemens AG said Tuesday it will sell its 25 percent stake in Draeger Medical AG and Co. KG to the unit’s major stockholder, Draeger.
Tesco, Asda to freeze VAT on some products in Jan.
(ChinaPost.com.tw) – The country’s biggest retailer Tesco and its largest rival Asda have committed to freezing value added tax (VAT) on thousands of products in the new year.
Lockheed to sell 24 F-16 fighter jets to Egypt
(ChinaPost.com.tw) – U.S. aerospace giant Lockheed Martin is to sell 24 F-16 jet fighters to Egypt in a US$3.2 billion deal, a company spokesman said Tuesday.
Eurozone bank lending contracts further: ECB
(ChinaPost.com.tw) – Eurozone bank lending to the private sector contracted further in November, the European Central Bank said Wednesday, a sign that credit is tight as the economy begins to expand again.
International air travel rose 2.1% in November: group
(ChinaPost.com.tw) – International air travel rose 2.1% last month from a year earlier, the International Air Transport Association said Wednesday in an e-mailed statement.
Mercedes pays US$6.8 mil. in U.S. fuel efficiency fines
(ChinaPost.com.tw) – The U.S. government says Mercedes-Benz of North America Inc. has paid a US$6.8 million fine for failing to comply with federal fuel-efficiency requirements.