http://www.traderscommunity.com/ Traders Community where you will find one of the biggest and best collections of trading information. en-gb The information contained in this website is for general information purposes only. The information is provided by Traders Community and whilst we endeavor to keep the information up-to-date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.Read full disclaimer: Website disclaimer info@nospam.com (Admin) info@nospam.com (Admin) Wed, 08 Sep 2010 16:55:30 -0700 Wed, 08 Sep 2010 16:55:30 -0700 http://backend.userland.com/rss e107 (http://e107.org) 60 http://traderscommunity.com/images/web_logo88a.gif http://www.traderscommunity.com/ 88 31 Traders Community where you will find one of the biggest and best collections of trading information. http://traderscommunity.com/news.php?item.34753.17 surpassing the United States, Some see it as symbolic to many other things given the cars role in the industrial revolution. Now Geely completes its Volvo cars buy with the $1.8 billion acquisition from Ford Motor. The China auto investment marks another notch in China’s march to global supremacy. The deal is China's largest purchase of a foreign automaker.

Geely Automotive is privately owned and began making cars in 1986. Geely received government approval from the Chinese commerce ministry and the state planner for them to complete the Volvo acquisition from Ford. The big w=question now is getting Volvo profitable. For 2009 Volvo Cars showed revenue of $12.4 billion from selling 334,000 cars. However it posted a pre-tax loss of $653 million.

Geely's plan for Volvo is to maintain it’s European operations for the international market. At the same time it plans to use the Volvo name to produce luxury cars in China.

Geely Foreign Acquisition]]> billyaustindillon@nospam.com (billyaustindill) Mon, 02 Aug 2010 00:35:25 -0700 http://traderscommunity.com/news.php?item.34753.17 http://traderscommunity.com/news.php?item.34694.17
The People's Bank of China (PBOC) auctioned 24 billion yuan ($3.5 billion) of one-year bills at a yield of 1.9264 percent, traders said, above market forecasts of 1.84 to 1.89 percent and up 8 basis points from last week's level.

China has rattled financial markets by moving faster than expected to tighten its grip on liquidity as a strong recovery and rising asset prices threaten to cause overheating in the world's third-largest economy.

Last week, the central bank raised bank reserve requirements after reports that bank lending surged in the first week of the year to 600 billion yuan, adding to concerns fuelled by blockbuster trade data for December.

Some traders previously thought the PBOC may pause in its quantitative tightening campaign after it unexpectedly sold three-month bills at 1.3684 percent last Thursday, unchanged from the previous week.]]> melanie@nospam.com (traders) Mon, 18 Jan 2010 21:20:44 -0800 http://traderscommunity.com/news.php?item.34694.17 http://traderscommunity.com/news.php?item.34659.17
XD Electric, which is selling up to 1.3 billion shares in its Shanghai IPO, said it had fixed the price range for the share offer at 7.10 to 7.90 yuan. That compares with the 7.4 yuan-9.6 yuan range forecast by its underwriter, China International Capital Corp (CICC).

The pricing will give XD Electric a maximum price earnings (PE) ratio of 34.17 times its 2008 net profit per share on a fully diluted basis, it said in a statement to the Shanghai Stock Exchange published in official newspapers on Monday.

That would give XD Electric's offer a relatively low valuation, as China's lacklustre stock market has recently weakened IPO share demand and less feverish debuts of new listings have forced companies to think twice before setting very expensive IPO prices.]]> melanie@nospam.com (traders) Sun, 17 Jan 2010 17:58:15 -0800 http://traderscommunity.com/news.php?item.34659.17 http://traderscommunity.com/news.php?item.34633.17
The fund, which was set up to maintain market stability, will no longer have to call a committee meeting before it unloads the stocks in its portfolio, the Economic Daily News said, citing unnamed officials of the fund.

The fund had booked paper profit of T$36.2 billion in the fourth quarter on its investments in heavyweights like TSMC , China Steel, Acer, AU Optronics , Hon Hai Precision and Mega Financial , the China Times said.

Taiwan shares ended up 0.8 percent at a 19-month closing high on Friday, extending a 78 percent rally they had in 2009.]]> melanie@nospam.com (traders) Fri, 15 Jan 2010 23:17:38 -0800 http://traderscommunity.com/news.php?item.34633.17 http://traderscommunity.com/news.php?item.34606.17
Brokerages' total turnover rose 63.9 percent to 205 billion yuan last year, with traditional broking commission income accounting for 70 percent of the total, the newspaper said, quoting unaudited figures published by the Securities Association of China, an industry organisation.

The expansion of the stockbroking industry was only part of the rapid development of China's markets in 2009, the newspaper said, citing separate figures issued by the China Securities Commission (CSRC), the stock and futures regulator.

China's listed companies, including 99 firms that launched initial public offerings (IPOs) in 2009, raised a combined 446.6 billion yuan from the country's capital markets last year, it quoted the CSRC figures as saying.]]> melanie@nospam.com (traders) Thu, 14 Jan 2010 17:43:34 -0800 http://traderscommunity.com/news.php?item.34606.17 http://traderscommunity.com/news.php?item.34581.17
* WHEN: Jan 21, 0200 GMT

* FACTORS TO WATCH:

China's economy probably gathered strength in December, providing the central bank with more reasons to lift banks' reserve requirements, as it did on Tuesday for the first time since June 2008. Industrial activity and retail consumption likely continued to show robust growth.

The consumer price index may have risen in December at the fastest annual pace since February 2008. If the economy keeps gaining momentum, inflation could become an increasing headache for policymakers.

Most eye-catching among the indicators will likely be a jump in industrial output growth to 20.0 percent in the year to December from November's reading of 19.2 percent. That would mark the fastest pace since February 2006.

Urban fixed asset investment growth may have dipped a bit in December as the effects from the government's pump-priming stimulus spending started to wear off.]]> melanie@nospam.com (traders) Wed, 13 Jan 2010 22:28:28 -0800 http://traderscommunity.com/news.php?item.34581.17 http://traderscommunity.com/news.php?item.34579.17
'The latest data shows chip prices are rising, even though the first quarter is normally a weak season for memory chips,' said Seo Do-won, an analyst at Hanwha Securities.

'Following recent falls on the won's gains, shares are making a rebound,' Seo added.

Shares in Samsung Electronics were up 4.02 percent to 829,000 won and Hynix gained 5.2 percent 25,300 won as of 0510 GMT.]]> melanie@nospam.com (traders) Wed, 13 Jan 2010 22:18:22 -0800 http://traderscommunity.com/news.php?item.34579.17 http://traderscommunity.com/news.php?item.34574.17
The main TAIEX share index rose 93.42 points to 8,289.98.

Acer, the world's No. 2 PC brand, rose 4.51 percent to a 10-year closing high, pushing the broader electronics sub-index up 1.67 percent.]]> melanie@nospam.com (traders) Wed, 13 Jan 2010 22:05:35 -0800 http://traderscommunity.com/news.php?item.34574.17 http://traderscommunity.com/news.php?item.34577.17
Hong Kong's benchmark Hang Seng Index was up 142.15 points at 21,890.75, bouncing back slightly after posting the worst one-day percentage loss in six weeks on Wednesday. The China Enterprises Index of top locally listed mainland Chinese stocks rose 0.61 percent to 12,558.34.

Market turnover fell to HK$43.86 billion ($5.66 billion) from Wednesday's HK$55.41 billion.

Investors had largely shrugged off the decision by the People's Bank of China on Tuesday to increase bank reserve requirements and focused on corporate outlooks, dealers said.

'For markets, after the inevitable immediate setback for liquidity beneficiaries such as commodities and property, we think the most appropriate read on (Tuesday's) move is as a corroboration of a powerful reflationary environment that will likely stay under momentum in the early phase of the monetary cycle,' said Michael Kurtz, an economist with Macquarie Securities.]]> melanie@nospam.com (traders) Wed, 13 Jan 2010 21:40:34 -0800 http://traderscommunity.com/news.php?item.34577.17