China will likely grant approval next month for Boeing's 787 aircraft to start commercial service with the nation's airlines, the chairman of Hainan Airlines said.
Reported by Wall Street Journal 58 minutes ago.
↧
China Seen Approving 787s in May
↧
China Says More Arrested After Xinjiang Clash
China says it has arrested more terror suspects after clash in western region killed 21
Reported by ABCNews.com 47 minutes ago.
Reported by ABCNews.com 47 minutes ago.
↧
↧
China says more arrested after Xinjiang clash
BEIJING, China – Chinese state media say police have arrested more suspects in connection with a clash between authorities and assailants that left 21 dead in the western region of Xinjiang. Eight suspects already were in custody following last Tuesday’s … Continue Reading
Reported by metronews 45 minutes ago.
↧
Smaller nations stand up to China's hegemony, we don't
Although the latest aggression by China has caught the attention of the nation, the countrymen have been kept in the dark about their ongoing numerous such transgressions, says R N Ravi
Reported by Rediff.com 53 minutes ago.
↧
More property buying tips in China
There are many good reasons to buy a new, not second-hand, home in China. Every time I talk to property investment expert Chris Dillon I glean something new. Most of it is common sense, such as if you buy from a developer, you evade to 0.5 per cent to 3 per cent estate agent commission, depending on location and your negotiating skills.
In addition, the developer should have resolved any title issues and you’ll get the full 70 year land lease from scratch. You probably have a better chance of a good quality building with decent landscaping and services and management.
Reported by S.China Morning Post 40 minutes ago.
In addition, the developer should have resolved any title issues and you’ll get the full 70 year land lease from scratch. You probably have a better chance of a good quality building with decent landscaping and services and management.
Reported by S.China Morning Post 40 minutes ago.
↧
↧
Cancer victim with jailed family faces China land battle
April 29, 2013 12:42 PM
CHANGZHOU, China (AFP) - His frail body is ravaged by cancer and age, his wife and son are in a Chinese prison and Mr Yao Baohua is awaiting trial himself, but he is still determined to fight for his house and land.
Reported by Straits Times 48 minutes ago.
CHANGZHOU, China (AFP) - His frail body is ravaged by cancer and age, his wife and son are in a Chinese prison and Mr Yao Baohua is awaiting trial himself, but he is still determined to fight for his house and land.
Reported by Straits Times 48 minutes ago.
↧
Pepsi and chicken, hot and sour fish and tomato seafood: The weird and wonderful crisp flavours of China
As the world's fastest growing major economy, China is a market any company that cares about its future is keen to crack. And crisp makers are no exception.
Reported by MailOnline 3 hours ago.
↧
New database focuses on China's secretive aid to Africa
WASHINGTON (Reuters) - Economic development researchers on Monday unveiled a database of China's aid to Africa in an effort to work around Beijing's secrecy about the numbers, as a debate rages over the intentions and impact of Chinese assistance.
Reported by Reuters India 4 hours ago.
↧
Alibaba buys stake in China's Weibo
Alibaba, China's biggest e-commerce group, buys an 18% stake in Weibo, China's Twitter-like service, as it looks to tap into the social media sector.
Reported by BBC News 4 hours ago.
↧
↧
China arrests all 19 suspects in deadly Xinjiang clash
Police have arrested all 19 suspects in connection with a deadly clash that began after authorities saw terrorists making explosives in China’s western region of Xinjiang, propaganda officials and state media reported.
Reported by S.China Morning Post 3 hours ago.
↧
What's The Market Price For China's Public Square? Try $3.3 Billion
For once, the rumours were correct: Alibaba, the e-commerce behemoth of China (and beyond), has been negotiating for months with Sina Corp for a piece of Weibo, the microblogging site that is known, accurately or not, as China's Twitter. In a country without a free news media, it passes for a public square, with proactive policing. Sina finally announced Monday - a public holiday in China - that it had sold a 18% stake to Alibaba for $586 million and would work together on fusing e-commerce with social-media. Cue Monday's rally in Sina's stock, which closed up 9.3% at $55.03. Alibaba also has an option to raise its stake to 30%. As Eric Jackson notes, an important factor for Alibaba is a competitive position vis-a-vis Tencent Holdings, which has its own hugely popular social media app (Weixin, or WeChat) and is trying to build up its e-commerce platform. Alibaba is preparing for an IPO that could put it in the upper reaches of initial stock sales, with echoes of Facebook hysteria to come.
Reported by Forbes.com 3 hours ago.
↧
China state media: Police detain 19, seize weapons after Xinjiang unrest - @Reuters
China state media: Police detain 19, seize weapons after Xinjiang unrest - @Reuters
Reported by Breaking News 3 hours ago.
↧
Yum! Powers Through China Struggle
Filed under: Investing
Fast-food behemoth *Yum! Brands* wowed investors a few months back when it reported great sales figures driven by an unlikely suspect: Taco Bell. The news sparked a wave of discussion on topics ranging from whether the company has a genius marketing campaign to whether it's fueling the U.S. diabetes epidemic. Whatever your opinion, Taco Bell's recent efforts have led the company in an otherwise difficult market. For the recently completed quarter, Yum! saw a tremendous drop-off in profit from its China division. Though it beat the Street on earnings, internal comps are down compared to the year-ago quarter. Here's what you need to know about Yum! going forward.
*Earnings recap
*Starting at the bottom, EPS came in at $0.70 for the parent company behind Taco Bell, KFC, and Pizza Hut. This arrives ahead of Wall Street's estimates, but also represents an 8% slip from the prior year's numbers. Top-line revenues came in at $2.54 billion -- short of the Street, and again, an 8% drop from the 2012. The culprit was quickly and easily identifiable: China.
Plagued by a media-driven scandal involving the quality of KFC's chicken in China, along with the outbreak of the H7N9 flu in the region, Yum!'s China-based stores saw comparable sales plummet 20% from a year ago. KFC China led the downhill race with 24% lower comps, while Pizza Hut fell 2%. The Far East was a disaster for the company, but it didn't impede continued progress for Yum!'s domestic operations. Comparables in the U.S. rose 2%. The leader in the segment? Yep, Taco Bell, with same-store sales up 6% from the prior year.
Globally, profit fell 14%, led by a 41% drop in China. The U.S. showed 5% growth, while Yum! Restaurants International led the company with 19% growth. For those unfamiliar with it, Yum! Restaurants International is the segment that includes everything except the U.S., China, and India. It represents more than 14,000 restaurants in 122 countries.
*What now?
*Management expects the China problem to remain through the current quarter, so investors should not be looking for a quick turnaround here. There may be another round of year-over-year declines over the next couple of months, but that shouldn't deter long-term investors. With U.S. growth and Yum! Restaurants International up double-digits in a still-challenging macroeconomic environment, I am confident that Yum! remains on track for attractive growth, rewarding investors along the way.
The market, unfortunately, agrees. Despite the major drop in Chinese business, the stock didn't pull back at all. At 18 times forward earnings, Yum! isn't cheap. *McDonald's*, which is facing much stronger headwinds currently, is at 16 times earnings. *Burger King*, which just crushed earnings estimates and is growing like a weed, trades at 19 times earnings. Investors may want to wait for a possible pullback in the coming quarter to hit a more attractive entry price into Yum!.
*More from The Motley Fool
*McDonald's turned in a dismal year in 2012, underperforming the broader market by 25%. Looking ahead, can the Golden Arches reclaim its throne atop the restaurant industry, or will this unsettling trend continue? Our top analyst weighs in on McDonald's future in a recent premium report on the company. Click here now to find out whether a buying opportunity has emerged for this global juggernaut.
The article Yum! Powers Through China Struggle Reported by DailyFinance 3 hours ago.
Fast-food behemoth *Yum! Brands* wowed investors a few months back when it reported great sales figures driven by an unlikely suspect: Taco Bell. The news sparked a wave of discussion on topics ranging from whether the company has a genius marketing campaign to whether it's fueling the U.S. diabetes epidemic. Whatever your opinion, Taco Bell's recent efforts have led the company in an otherwise difficult market. For the recently completed quarter, Yum! saw a tremendous drop-off in profit from its China division. Though it beat the Street on earnings, internal comps are down compared to the year-ago quarter. Here's what you need to know about Yum! going forward.
*Earnings recap
*Starting at the bottom, EPS came in at $0.70 for the parent company behind Taco Bell, KFC, and Pizza Hut. This arrives ahead of Wall Street's estimates, but also represents an 8% slip from the prior year's numbers. Top-line revenues came in at $2.54 billion -- short of the Street, and again, an 8% drop from the 2012. The culprit was quickly and easily identifiable: China.
Plagued by a media-driven scandal involving the quality of KFC's chicken in China, along with the outbreak of the H7N9 flu in the region, Yum!'s China-based stores saw comparable sales plummet 20% from a year ago. KFC China led the downhill race with 24% lower comps, while Pizza Hut fell 2%. The Far East was a disaster for the company, but it didn't impede continued progress for Yum!'s domestic operations. Comparables in the U.S. rose 2%. The leader in the segment? Yep, Taco Bell, with same-store sales up 6% from the prior year.
Globally, profit fell 14%, led by a 41% drop in China. The U.S. showed 5% growth, while Yum! Restaurants International led the company with 19% growth. For those unfamiliar with it, Yum! Restaurants International is the segment that includes everything except the U.S., China, and India. It represents more than 14,000 restaurants in 122 countries.
*What now?
*Management expects the China problem to remain through the current quarter, so investors should not be looking for a quick turnaround here. There may be another round of year-over-year declines over the next couple of months, but that shouldn't deter long-term investors. With U.S. growth and Yum! Restaurants International up double-digits in a still-challenging macroeconomic environment, I am confident that Yum! remains on track for attractive growth, rewarding investors along the way.
The market, unfortunately, agrees. Despite the major drop in Chinese business, the stock didn't pull back at all. At 18 times forward earnings, Yum! isn't cheap. *McDonald's*, which is facing much stronger headwinds currently, is at 16 times earnings. *Burger King*, which just crushed earnings estimates and is growing like a weed, trades at 19 times earnings. Investors may want to wait for a possible pullback in the coming quarter to hit a more attractive entry price into Yum!.
*More from The Motley Fool
*McDonald's turned in a dismal year in 2012, underperforming the broader market by 25%. Looking ahead, can the Golden Arches reclaim its throne atop the restaurant industry, or will this unsettling trend continue? Our top analyst weighs in on McDonald's future in a recent premium report on the company. Click here now to find out whether a buying opportunity has emerged for this global juggernaut.
The article Yum! Powers Through China Struggle Reported by DailyFinance 3 hours ago.
↧
↧
China Bird Flu: Experts not worried about poultry consumption
Denying having come across any evidence of anyone getting infected with bird flu virus by consuming poultry or eggs, an expert group has declared poultry to be safe for eating in China. According to the group, jointly organised by Chinese ministry of agriculture and the world organisation for animal health, poultry has been found to be
Reported by India.com Health 2 hours ago.
↧
Call of Duty Online begins alpha test in China
Activision 2012 financial report states that releasing game in other regions "would be very relevant."Activision has released a new trailer for Call of Duty Online, which states that the China-based PC game's alpha phase will start on April 30.
This version of Call of Duty will be set in the Modern Warfare timeline.
The new trailer shows off maps and features alpha testers will be experiencing. Players will get to play on maps called Storm, Crash Tropical, Bog, Desert Border, Underpass, and Estate Tropical.
The game modes on this build are Kill Confirmed, a standard team deathmatch mode where collecting dog tags from dead opponents net a team points. Story missions will also be available; players will have to form a team and complete objectives ranging from capturing enemy informants to surviving waves of enemy soldiers.
In addition, an Activision 2012 financial report said that Call of Duty Online may be released outside of China (via Seeking Alpha). Activision CEO Eric Hirshberg said that there are other regions where the game would be relevant, but did not announce plans at this point in time.
Call of Duty Online has been in development for two years and is set in the Modern Warfare timeline. Chinese internet provider Tencent will be publishing the game in the country. Reported by GameSpot 43 minutes ago.
↧
CHINA AUTO CORPORATION LTD.: RESULTS OF ANNUAL GENERAL MEETING AND EXTRAORDINARY GENERAL MEETING
Miscellaneous* Asterisks denote mandatory informationName of Announcer *CHINA AUTO CORPORATION LTD.Company Registration No.196500233EAnnouncement submitted on behalf ofCHINA AUTO CORPORATION LTD.An...
Reported by FinanzNachrichten.de 3 hours ago.
↧
Alibaba takes stake in 'China's Twitter'
In a wedding of China's leading Internet darlings, online retailer Alibaba has taken a $586 million stake in the country's most popular micro-blogging service.
Reported by CNNMoney 1 hour ago.
↧
↧
Eight confirmed dead in China landslide
Beijing, April 30 : Eight villagers have been confirmed dead in China's Guizhou province following a landslide Saturday, after the last body was retrieved Monday afternoon.
Reported by newKerala.com 1 hour ago.
↧
China not U.S. creditor it's cracked up to be
Washington — Despite what you may have heard, China isn't the country's biggest creditor. America is.
Reported by detnews.com 1 hour ago.
↧
Experts approve eating poultry in China despite bird flu
Beijing, April 30 : Denying having come across any evidence of anyone getting infected with bird flu virus by consuming poultry or eggs, an expert group has declared poultry to be safe for eating in China.
Reported by newKerala.com 1 hour ago.
↧