China industrial output came in at 9.3 percent, below forecast. April electricity production and retail consumption missed targets.
Reported by IBTimes 3 hours ago.
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Is China’s Economy Cooling? China Economic Figures For April Hint That Annual Targets Could Be Missed
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Cambelle-Inland forms Strategic Alliance with China Gerui Advanced Materials Group
NEW YORK, May 13, 2013 /PRNewswire/ -- China Gerui Advanced Materials (Nasdaq: CHOP), a leading high precision, cold-rolled steel producer in China, today engaged Cambelle-Inland, the China investment vehicle of Craig T. Bouchard to advise it on strategic planning and expansion in North...
Reported by PR Newswire 2 hours ago.
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China Gerui Advanced Materials Group Limited Retains Cambelle-Inland to Assist with Global Growth Strategy
China Gerui Advanced Materials Group Limited (NASDAQ: CHOP) ("China Gerui, or the "Company"), a leading high-precision, cold-rolled steel producer in China, announced today it has retained Cambelle-Inland, an investment firm led by Craig T. Bouchard, to advise the Company on strategic planning and its expansion into global markets.
Craig T. Reported by Benzinga.com 2 hours ago.
Craig T. Reported by Benzinga.com 2 hours ago.
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Ford Gains in China as Toyota Lags
Filed under: Investing
*Ford * has been on a roll in China, as has its old rival *General Motors *. Both have posted nice sales gains in 2013 -- just as the big-name Japanese automakers have lost ground.
Will this trend continue? In this video, Fool.com contributor John Rosevear looks at what's going on with the big names in China -- and at whether Ford and GM will keep gaining ground at their Japanese rivals' expense.
If you're concerned that Ford's turnaround has run its course, relax -- there's good reason to think that the Blue Oval still has big growth opportunities ahead. We've outlined those opportunities in detail, in the Motley Fool's premium Ford research service. If you're looking for some freshly updated guidance to Ford's prospects in coming years, you've come to the right place -- click here to get started now.
The article Ford Gains in China as Toyota Lags Reported by DailyFinance 2 hours ago.
*Ford * has been on a roll in China, as has its old rival *General Motors *. Both have posted nice sales gains in 2013 -- just as the big-name Japanese automakers have lost ground.
Will this trend continue? In this video, Fool.com contributor John Rosevear looks at what's going on with the big names in China -- and at whether Ford and GM will keep gaining ground at their Japanese rivals' expense.
If you're concerned that Ford's turnaround has run its course, relax -- there's good reason to think that the Blue Oval still has big growth opportunities ahead. We've outlined those opportunities in detail, in the Motley Fool's premium Ford research service. If you're looking for some freshly updated guidance to Ford's prospects in coming years, you've come to the right place -- click here to get started now.
The article Ford Gains in China as Toyota Lags Reported by DailyFinance 2 hours ago.
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Wall Street still points lower after retail sales beat estimates; China, Fed weigh
U.S. stock futures trimmed losses on Monday as retail sales for April unexpectedly rose, though investors still fretted over the Fed's exit strategy for the bond-buying program, while China data also weighed.
Futures on the three main U.S. market indexes were down around 0.2%, after benchmark indexes climbed on Friday, with the S&P 500 index closing at an all-time high of 1,632.69 last week as positive economic data and corporate earnings have bolstered sentiment.
In the U.S., traders were worried after a report in the Wall Street Journal late Friday suggested the Fed has mapped out a plan to exit its bond-buying program sooner than expected, though there is still debate as to when the exit will start.
Retail sales in April meanwhile climbed 0.1%, compared to expectations for a decline of 0.3%. In March, retail sales fell 0.5%. Less autos and gas, April retail sales rose 0.6%.
Business inventories data for March is due at 10 a.m. Eastern.
U.S. markets and European stocks were also weighed down by China data, which showed industrial production in the country in April rose 9.3%, better month-on-month, but below analysts' expectations. Retail sales in April meanwhile rose 12.8% in China, slower than the same time last year. Mining firms in Europe were hurt by the news, as China is a major consumer of commodities.
In corporate news, the U.S. earnings season is winding down, though there are still a few major industry names headlining this week, including retailers Macy's (NYSE:M), Wal-Mart (NYSE:WMT) and J.C. Penney (NYSE:JCP), as well as networking firm Cisco Systems (NASDAQ:CSCO).
After the bell on Monday, Post Holdings (NYSE:POST) is expected to report second-quarter earnings of 27 cents a share, according to a consensus survey by FactSet, while Take-Two Interactive Software (NASDAQ:TTWO) is anticipated to post fourth-quarter earnings of 23 cents a share.
Of the 451 S&P 500 companies that have reported earnings to date for the quarter, 70% have reported earnings above estimates, according to FactSet data, in-line with the average recorded over the past four quarters. Yet only 48% of companies have reported sales above estimates, below the average of 52% recorded over the past four quarters.
In other news, Bloomberg was trending on several reports over the weekend that certain reporters at the news organization have been trained to use a function on the company's terminals that allow them to monitor login activity, in particular with investment banks like Goldman Sachs (NYSE:GS) and J.P. Morgan (NYSE:JPM).
Dell (NADAQ:Dell) was also in focus after the company requested more information Monday from Carl Icahn and Southeastern Asset Management regarding an alternative offer they proposed last week to CEO and founder Michael Dell's offer to take the company private. Shares edged down 0.3% premarket.
*Commodities *
Crude oil for June delivery lost 40 cents to $95.64 a barrel, while gold futures fell $4.80 to $1,431.80 an ounce.
*Europe*
Aside from the China data, markets in Europe were also taken down by financials, with shares in Germany off the most. The DAX was down 0.35% while Britain's FTSE 100 was off 0.20% and France's CAC 40 fell by 0.15%. Reported by Proactive Investors 1 hour ago.
Futures on the three main U.S. market indexes were down around 0.2%, after benchmark indexes climbed on Friday, with the S&P 500 index closing at an all-time high of 1,632.69 last week as positive economic data and corporate earnings have bolstered sentiment.
In the U.S., traders were worried after a report in the Wall Street Journal late Friday suggested the Fed has mapped out a plan to exit its bond-buying program sooner than expected, though there is still debate as to when the exit will start.
Retail sales in April meanwhile climbed 0.1%, compared to expectations for a decline of 0.3%. In March, retail sales fell 0.5%. Less autos and gas, April retail sales rose 0.6%.
Business inventories data for March is due at 10 a.m. Eastern.
U.S. markets and European stocks were also weighed down by China data, which showed industrial production in the country in April rose 9.3%, better month-on-month, but below analysts' expectations. Retail sales in April meanwhile rose 12.8% in China, slower than the same time last year. Mining firms in Europe were hurt by the news, as China is a major consumer of commodities.
In corporate news, the U.S. earnings season is winding down, though there are still a few major industry names headlining this week, including retailers Macy's (NYSE:M), Wal-Mart (NYSE:WMT) and J.C. Penney (NYSE:JCP), as well as networking firm Cisco Systems (NASDAQ:CSCO).
After the bell on Monday, Post Holdings (NYSE:POST) is expected to report second-quarter earnings of 27 cents a share, according to a consensus survey by FactSet, while Take-Two Interactive Software (NASDAQ:TTWO) is anticipated to post fourth-quarter earnings of 23 cents a share.
Of the 451 S&P 500 companies that have reported earnings to date for the quarter, 70% have reported earnings above estimates, according to FactSet data, in-line with the average recorded over the past four quarters. Yet only 48% of companies have reported sales above estimates, below the average of 52% recorded over the past four quarters.
In other news, Bloomberg was trending on several reports over the weekend that certain reporters at the news organization have been trained to use a function on the company's terminals that allow them to monitor login activity, in particular with investment banks like Goldman Sachs (NYSE:GS) and J.P. Morgan (NYSE:JPM).
Dell (NADAQ:Dell) was also in focus after the company requested more information Monday from Carl Icahn and Southeastern Asset Management regarding an alternative offer they proposed last week to CEO and founder Michael Dell's offer to take the company private. Shares edged down 0.3% premarket.
*Commodities *
Crude oil for June delivery lost 40 cents to $95.64 a barrel, while gold futures fell $4.80 to $1,431.80 an ounce.
*Europe*
Aside from the China data, markets in Europe were also taken down by financials, with shares in Germany off the most. The DAX was down 0.35% while Britain's FTSE 100 was off 0.20% and France's CAC 40 fell by 0.15%. Reported by Proactive Investors 1 hour ago.
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Attract China Announces Nationwide Expansion Plans
Melinda Bush signs on as Chairman of Attract China llc.
Boston, MA (PRWEB) May 13, 2013
Evan Saunders, CEO and Co-Founder of Attract China LLC – The Leading Gateway to the Chinese Traveler – announces the expansion of its nationwide offices and Board members with the addition of Melinda Bush, C.H.A. named as Chairman of the Board and Partner concurrent with its joint venture with Hospitality Resources Worldwide LLC.
With this expansion, Attract China, headquartered in Boston and Beijing, is opening offices in New York, Washington DC, Florida, Las Vegas, and Hawaii where Chinese travelers are already visiting in huge numbers and spending vast amounts of money. The United States Department of Commerce estimates that Chinese tourists to the U.S. will nearly triple by 2017 to over 4 million visitors.
As Chairman and Partner in Attract China, Melinda Bush and her well known, highly trained team of hotel and tourism marketing experts will guide the nationwide expansion of Attract China, by educating hotels, resorts and destinations on the practical and results- producing ways to build business from the Chinese marketplace.
“What makes Attract China important is its unique foothold in the upscale Chinese market,” according to Bush. “And its means of reaching them via a variety of social media and networking channels that demonstrate results. Attracting the Chinese market remains a mystery to most hotel companies and destinations, yet millions are flocking to North America and its key cities and resort destinations,” states Bush. “Our goal is to educate companies about marketing to the Chinese but also provide meaningful distribution networks and media that assist in building a presence in China while at the same time driving business to their door.”
Attract China’s successful track record and concentration on the luxury Chinese travel market, as well as providing broad coverage of the Travel Trade Industry in China, enables the Attract China’s gateway to build and manage a company or destinations visibility and social marketing to the millions of Chinese travelers both researching and already heading to North America. Other Attract China offices will be announced in the second half of 2013.
ABOUT HOSPITALITY RESOURCES WORLDWIDE AND MELINDA BUSH
Hospitality Resources Worldwide, under the direction of industry veteran Melinda Bush, has a deep understanding and long history of success on what works to build travel and tourism for hotel companies and destinations. With offices and regional experts in all key areas of North America, Hospitality Resources will provide useful and results-producing networks and outreach to companies and clients wanting more knowledge on how to attract the valuable Chinese traveler. With its initial focus on New York and the Eastern Seaboard Region, Jonathan Campbell will serve as Managing Director.
With over 25 years of front line experience building and managing the world’s largest travel trade publishing companies for Rupert Murdoch and Reed Elsevier, Mrs. Bush ranks as one of the industry’s most well-known and respected experts on the issues affecting the hotel and tourism industries. She serves on a number of public and private corporate and industry boards and carries the industry’s highest rated hotel credential, Certified Hotel Administrator, C.H.A., as a senior expert in hotel operations and management.
ABOUT ATTRACT CHINA
Attract China, headquartered in Boston and with an office in Beijing, is the Leading Gateway to the Chinese Traveler. Attract China was Co-Founded in 2011 by serial entrepreneur, seasoned market entry strategist, author, and 18- year Beijing resident, Samuel Goodman, along with online marketing expert and creative content specialist, Evan Saunders. Attract China helps destinations build awareness, buzz, and drive business from Chinese travelers using a variety of online platforms.
For more information please visit: AttractChina.com Reported by PRWeb 2 hours ago.
Boston, MA (PRWEB) May 13, 2013
Evan Saunders, CEO and Co-Founder of Attract China LLC – The Leading Gateway to the Chinese Traveler – announces the expansion of its nationwide offices and Board members with the addition of Melinda Bush, C.H.A. named as Chairman of the Board and Partner concurrent with its joint venture with Hospitality Resources Worldwide LLC.
With this expansion, Attract China, headquartered in Boston and Beijing, is opening offices in New York, Washington DC, Florida, Las Vegas, and Hawaii where Chinese travelers are already visiting in huge numbers and spending vast amounts of money. The United States Department of Commerce estimates that Chinese tourists to the U.S. will nearly triple by 2017 to over 4 million visitors.
As Chairman and Partner in Attract China, Melinda Bush and her well known, highly trained team of hotel and tourism marketing experts will guide the nationwide expansion of Attract China, by educating hotels, resorts and destinations on the practical and results- producing ways to build business from the Chinese marketplace.
“What makes Attract China important is its unique foothold in the upscale Chinese market,” according to Bush. “And its means of reaching them via a variety of social media and networking channels that demonstrate results. Attracting the Chinese market remains a mystery to most hotel companies and destinations, yet millions are flocking to North America and its key cities and resort destinations,” states Bush. “Our goal is to educate companies about marketing to the Chinese but also provide meaningful distribution networks and media that assist in building a presence in China while at the same time driving business to their door.”
Attract China’s successful track record and concentration on the luxury Chinese travel market, as well as providing broad coverage of the Travel Trade Industry in China, enables the Attract China’s gateway to build and manage a company or destinations visibility and social marketing to the millions of Chinese travelers both researching and already heading to North America. Other Attract China offices will be announced in the second half of 2013.
ABOUT HOSPITALITY RESOURCES WORLDWIDE AND MELINDA BUSH
Hospitality Resources Worldwide, under the direction of industry veteran Melinda Bush, has a deep understanding and long history of success on what works to build travel and tourism for hotel companies and destinations. With offices and regional experts in all key areas of North America, Hospitality Resources will provide useful and results-producing networks and outreach to companies and clients wanting more knowledge on how to attract the valuable Chinese traveler. With its initial focus on New York and the Eastern Seaboard Region, Jonathan Campbell will serve as Managing Director.
With over 25 years of front line experience building and managing the world’s largest travel trade publishing companies for Rupert Murdoch and Reed Elsevier, Mrs. Bush ranks as one of the industry’s most well-known and respected experts on the issues affecting the hotel and tourism industries. She serves on a number of public and private corporate and industry boards and carries the industry’s highest rated hotel credential, Certified Hotel Administrator, C.H.A., as a senior expert in hotel operations and management.
ABOUT ATTRACT CHINA
Attract China, headquartered in Boston and with an office in Beijing, is the Leading Gateway to the Chinese Traveler. Attract China was Co-Founded in 2011 by serial entrepreneur, seasoned market entry strategist, author, and 18- year Beijing resident, Samuel Goodman, along with online marketing expert and creative content specialist, Evan Saunders. Attract China helps destinations build awareness, buzz, and drive business from Chinese travelers using a variety of online platforms.
For more information please visit: AttractChina.com Reported by PRWeb 2 hours ago.
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A Complete Look At China's Latest Disappointing Data In One Chart
The latest Chinese data shows a disappointing start to the second quarter.
First, a quick round-up of the latest data from China:
Over the weekend we saw *industrial production* rise 9.3% in April, below expectations but above March's numbers. Societe Generale's Wei Yao points out that this number isn't necessarily worth celebrating. "There was a clear base effect, as the headline
growth dropped by 2.6ppt from March to April last year," explains Yao. "Excluding this factor, production barely improved." The only real jump was in automobile manufacturing which climbed 18.3% on the year, compared with 12.4% in March.
*Fixed asset investment (FAI)* unexpectedly slowed in April, driven by a decline in manufacturing FAI. Investment in railways and housing however surged. This showed that property curbs haven't quite made an impact yet.
The 12.8% rise in *retail sales* doesn't reflect a strong improvement in consumption. From Yao:
"First, inflation helped. The real rate, according to the National Bureau of Statistics, moved up by just 0.1ppt to 11.8% yoy. Second, the best performing segment was jewelery sales, which had more to do with savings rather than consumption. Following a sharp decline in the gold price, Chinese households’ purchase of jewelery surged 72% yoy in April, substantially faster than the 17.7% yoy in Q1."
China's M2 money supply growth ticked higher to 16.1% and *credit conditions* were "accommodative," according to Yao. But a closer look at the data showed that the crackdown on Wealth Management Products (WMPs) and caps on lending to local government financing vehicles (LGFVs).
In a note out earlier this month, Yao wrote that all the measures taken together show that nonbank credit growth could be about mid-20% in 2013, from 36% in 2012.
We've already reported on the unreliability of Chinese export data, the decline in manufacturing, and the rise in consumer prices.
*What does all this mean?*
In terms of growth, SocGen's Yao believes that the overall data is "far from encouraging". But going by recent property curbs and financial regulations, she argues that policymakers have switched gear and are now focused on "risk management".
Bank of America's Ting Lu argues that with inflation not posing a great risk, policymakers can stay "accommodative" on the fiscal and monetary front. But he doesn't expect major new stimulus to bolster growth.
In terms of credit, Yao seems more concerned about "the diverging trend between real activity growth and credit growth." To her this suggests that "a large portion of the new credit has gone to debt servicing or to sustaining inefficient projects."
Lu also looks at this as "new leaders [that] are keen to put their house in order by preventing any small financial and debt incidents." But his takeaway is somewhat is different in that he doesn't think policymakers want to disrupt credit supply.:
"That’s why recently they introduced a number of new rules to regulate wealth management products and arrested a few bond traders/managers to clean up the bond markets. However, we believe that these new policymakers will try to avoid disrupting credit supply during the house-cleaning."
For now Yao is standing by her below consensus Q2 GDP forecast of 7.8%. Meanwhile, Lu sees more of a "downside risk" to his 8.1% Q2 GDP growth forecast.
*SEE ALSO: 29 Crazy Things That Only Happen In China >*
Please follow Money Game on Twitter and Facebook.
Join the conversation about this story »
Reported by Business Insider 37 minutes ago.
First, a quick round-up of the latest data from China:
Over the weekend we saw *industrial production* rise 9.3% in April, below expectations but above March's numbers. Societe Generale's Wei Yao points out that this number isn't necessarily worth celebrating. "There was a clear base effect, as the headline
growth dropped by 2.6ppt from March to April last year," explains Yao. "Excluding this factor, production barely improved." The only real jump was in automobile manufacturing which climbed 18.3% on the year, compared with 12.4% in March.
*Fixed asset investment (FAI)* unexpectedly slowed in April, driven by a decline in manufacturing FAI. Investment in railways and housing however surged. This showed that property curbs haven't quite made an impact yet.
The 12.8% rise in *retail sales* doesn't reflect a strong improvement in consumption. From Yao:
"First, inflation helped. The real rate, according to the National Bureau of Statistics, moved up by just 0.1ppt to 11.8% yoy. Second, the best performing segment was jewelery sales, which had more to do with savings rather than consumption. Following a sharp decline in the gold price, Chinese households’ purchase of jewelery surged 72% yoy in April, substantially faster than the 17.7% yoy in Q1."
China's M2 money supply growth ticked higher to 16.1% and *credit conditions* were "accommodative," according to Yao. But a closer look at the data showed that the crackdown on Wealth Management Products (WMPs) and caps on lending to local government financing vehicles (LGFVs).
In a note out earlier this month, Yao wrote that all the measures taken together show that nonbank credit growth could be about mid-20% in 2013, from 36% in 2012.
We've already reported on the unreliability of Chinese export data, the decline in manufacturing, and the rise in consumer prices.
*What does all this mean?*
In terms of growth, SocGen's Yao believes that the overall data is "far from encouraging". But going by recent property curbs and financial regulations, she argues that policymakers have switched gear and are now focused on "risk management".
Bank of America's Ting Lu argues that with inflation not posing a great risk, policymakers can stay "accommodative" on the fiscal and monetary front. But he doesn't expect major new stimulus to bolster growth.
In terms of credit, Yao seems more concerned about "the diverging trend between real activity growth and credit growth." To her this suggests that "a large portion of the new credit has gone to debt servicing or to sustaining inefficient projects."
Lu also looks at this as "new leaders [that] are keen to put their house in order by preventing any small financial and debt incidents." But his takeaway is somewhat is different in that he doesn't think policymakers want to disrupt credit supply.:
"That’s why recently they introduced a number of new rules to regulate wealth management products and arrested a few bond traders/managers to clean up the bond markets. However, we believe that these new policymakers will try to avoid disrupting credit supply during the house-cleaning."
For now Yao is standing by her below consensus Q2 GDP forecast of 7.8%. Meanwhile, Lu sees more of a "downside risk" to his 8.1% Q2 GDP growth forecast.
*SEE ALSO: 29 Crazy Things That Only Happen In China >*
Please follow Money Game on Twitter and Facebook.
Join the conversation about this story »
Reported by Business Insider 37 minutes ago.
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Coming Soon: E-Commerce China Dangdang Earnings
Filed under: Investing*E-Commerce China Dangdang* (NYS: DANG) is expected to report Q1 earnings on May 16. Here's what Wall Street wants to see:
*The 10-second takeaway
* Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict E-Commerce China Dangdang's revenues will grow 22.0% and EPS will remain in the red.
The average estimate for revenue is $210.0 million. On the bottom line, the average EPS estimate is -$0.18.
*Revenue details
* Last quarter, E-Commerce China Dangdang booked revenue of $259.2 million. GAAP reported sales were 33% higher than the prior-year quarter's $195.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
*EPS details
* Last quarter, non-GAAP EPS came in at -$0.24. GAAP EPS were -$0.29 for Q4 versus -$0.44 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
*Recent performance
* For the preceding quarter, gross margin was 13.4%, 290 basis points better than the prior-year quarter. Operating margin was -9.4%, 270 basis points better than the prior-year quarter. Net margin was -7.6%, 290 basis points better than the prior-year quarter.
*Looking ahead*
The full year's average estimate for revenue is $1.05 billion. The average EPS estimate is -$0.80.
*Investor sentiment
* The stock has a two-star rating (out of five) at Motley Fool CAPS, with 168 members out of 222 rating the stock outperform, and 54 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give E-Commerce China Dangdang a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on E-Commerce China Dangdang is outperform, with an average price target of $5.95.
Is E-Commerce China Dangdang the right retailer for your portfolio? Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks," including one above-average retailing powerhouse. Click here for instant access to this free report.
· Add E-Commerce China Dangdang to My Watchlist.
The article Coming Soon: E-Commerce China Dangdang Earnings Reported by DailyFinance 2 hours ago.
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China’s Consumption of Gold and Acquisition of Gold Mines Continues
Today’s AM fix was USD 1,429.75, EUR 1,102.52 and GBP 931.19 per ounce.
Friday’s AM fix was USD 1,449.25, EUR 1,114.12 and GBP 941.62 per ounce.
Cross Currency Table – (Bloomberg)
Gold fell $12.90 or -0.89% on Friday to $1,443.30/oz and silver finished with a gain of 0.42%. Gold and silver both traded down for the week at -1.76% and -1.25%.
The downward pressure on the gold price emanated from Comex where gold futures were off 1.9%.
Driving the sentiment was the report that U.S. jobless benefits decreased to their lowest rate since 2007. Philadelphia Fed President Charles Plosser forecasted that day unemployment will drop to 7% by December 2013 and he favours reducing the Fed’s $85 billion monthly bond purchases next month. Plosser however has no vote on Fed policy this year.
While hedge funds are seeing outflows of $20.8 billion from gold funds this year, BlackRock Inc. the world’ biggest money manager is still bullish, reported Bloomberg.
Gold in Dollars, 1 Year – (Bloomberg)
Asian countries are seeing unprecedented demand for the yellow metal after the dip in prices in April.
India imported $7.5 billion of gold bullion in the last month up from $3.1 billion a year earlier. The country’s trade deficit widened 70% with the increase in gold and silver imports.
Gold in Euros, 1 Year – (Bloomberg)
Analysts at Sprott Group highlight that China is using its gold import data to elevate import statistics even though the precious metal should not be classified with imports since they are not used for “goods and services” but rather primarily as investments.
The golden boost to the imports data has led some analysts to conclude that the Chinese manufacturing sector is strong. According to the Bejing Daily Newspaper, Chinese housewives or “aunties” have purchased 300 tons of the yellow metal in the past three weeks amounting in nearly $16 billion. The impact of the run on physical gold in China may have a significant effect on import statistics.
Recently, China National Gold, a state-owned miner, was in talks to purchase Barrick Gold’s 74% stake in African Barrick, a major gold producer in Tanzania.
Although the deal has been shelved it shows China’s desire to acquire more mines. The Chinese purchased Norton Gold Fields in Australia last year for $240 million and in mid April bid for Kalgoorlie Mining Co. Even with the price drop the Chinese saw the price for Barrick as too steep.
China is the world’s largest producer of gold.
NEWS
Gold down 1 pct to near 2-week low on dollar - Reuters
Gold Drops for Third Day as Dollar’s Strength Curbs ETP Holdings - Bloomberg
Gold Bears Pull $20.8 Billion as BlackRock Says Buy: Commodities - Bloomberg
Amplats scales back South African job cuts to 6,000 – The Telegraph
India trade deficit jumps over 70% on gold imports – Market Watch
COMMENTARY
Precious Metals Lose Luster for Investors – Dubai Chronicle
THE BIG FALLACY: Silver Trading More Like A Base Metal - SilverSeek.com
Eric Sprott: The Golden Answer To Chinese Import Data – Zero Hedge
African Barrick Gold’s China talks end – The Financial Times
A Top Contender at the Fed Faces Test Over Easy Money – Wall Street Journal
For breaking news and commentary on financial markets and gold, follow us onTwitter.
Reported by Zero Hedge 1 hour ago.
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Three Companies Investing Heavily in China
China is the future. Is your company well established in China?
Reported by Motley Fool 53 minutes ago.
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Stop penalising sex workers, human rights body tells China
China should remove criminal and administrative penalties against sex workers which often lead to serious police abuses, Human Rights Watch said in a report released on Tuesday.
Reported by Firstpost 5 hours ago.
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Business : iProperty Brings The World To China
KUALA LUMPUR, May 14 (Bernama) -- iProperty Group has given developers in Asia an avenue to showcase their developments to buyers and investors in mainland China through the launch of a series of products.
Reported by Bernama 5 hours ago.
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Pactera Selected Number One Outsourcing Service Provider in China
CHARLOTTE, NC, May 14, 2013 /PRNewswire/ -- Pactera Technology International Ltd. (NASDAQ:PACT), the largest China-based IT services provider, announced today it was selected as top outsourcer, of...
Reported by FinanzNachrichten.de 5 hours ago.
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U.S. "hopeful" after China bank cuts ties with N. Korea
Top envoy says not clear whether Bank of China's decision means Beijing shifting stance on old ally, but it's a "very hopeful sign"
Reported by CBS News 3 hours ago.
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FIDELITY CHINA SPECIAL SITUATIONS PLC - Net Asset Value(s)
Daily NAV Announcement Fidelity China Special Situations PLC The net asset value (unaudited) for the above company as at close of business on 13-05-2013 was: 98.63p The above net asset value was c...
Reported by FinanzNachrichten.de 4 hours ago.
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China Tightens Grip on Discourse, Ideology
China clamps down on discourse, ideology, in face of pressure for change
Reported by ABCNews.com 4 hours ago.
Reported by ABCNews.com 4 hours ago.
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Lotus Culinary Travel Offers Special Rates on Sichuan Food Tours and Launches Intensive Cooking Course in Chengdu to Celebrate Five Years in China
Lotus Culinary Travel, the first and only dedicated culinary tour company in Sichuan, is marking five years of hosting celebrated chefs, journalists and Chinese cuisine aficionados on their food pilgrimages to Chengdu. To celebrate, Lotus Culinary is offering its flagship, five-day Sichuan Culinary Tour and its new one-week Intensive Cooking Course at special rates throughout 2013.
(PRWEB) May 14, 2013
Lotus Culinary Travel, a U.S.-based boutique tour operator with a local office in Chengdu, is Sichuan’s first and only dedicated culinary tour company. Lotus Culinary is marking five years of bringing international travelers to experience China’s boldest and most-loved cuisine at the source by offering special rates on fall 2013 small-group tours and on custom private tours throughout 2013. Special rates are offered on both the flagship five-day Chengdu Culinary Tour with full-day cooking class and the new one-week Intensive Cooking Course at China’s top culinary school.
Guests will follow in the footsteps of "Bizarre Food’s" Andrew Zimmern, whom Lotus Culinary led to Sichuan’s most bizarre as well as most refined culinary specialties, and who declared, “Simply put, the food in Chengdu belongs at the top of the culinary charts, rivaling the world’s greatest food capitals. Move over Paris and New York, Chengdu has arrived!"
Guests will learn to make classic Sichuan dishes such as mapo tofu, dan dan noodles, gong bao chicken and yuxiang eggplant at China’s top culinary academy, the Sichuan Higher Institute of Cuisine, where they will prepare every dish from start to finish on professional wok stations. Appropriate for beginning cooks, the authentic recipes and professional techniques are challenging enough to satisfy the most serious home cooks.
When guests aren’t cooking, they’ll be discovering a wide range of restaurants and dining styles accompanied by Sichuan-born food guides, as well as meeting farmers and artisan producers at Chengdu’s traditional wet markets. On a day trip, they will journey to the original producer of Pixian chili bean paste, meeting the family that has been creating the ingredient known as 'the soul of Sichuan cooking' since 1666.
** The fully escorted, five-day, four-night Chengdu Culinary Tour with full-day cooking class, boutique hotel lodging, all ground transportation and all meals will run from October 14-18, 2013, at $1,095 per person, based on double occupancy. The tour will accept a maximum of eight guests to keep it highly personal and interactive. For alternative dates, contact Lotus Culinary for reduced pricing on this tour for private groups of two or more. Visit our site for more details.
For those whose first love is cooking, Lotus Culinary is launching a new one-week Intensive Cooking Course in Sichuan cuisine, where guests will spend five days mastering Sichuan dishes following the same course that was designed for visiting students from the Culinary Institute of America, allowing our guests the same in-depth instruction as professional chefs-in-training. From xiao chi (little eats and street snacks) to home-style cooking to restaurant style dishes adapted for home cooks, they’ll learn to cook a full range of China’s most exciting and distinctive food from some of its top chef-instructors, who are assisted and interpreted by Lotus Culinary’s food specialists.
** The fully escorted one-week Intensive Cooking Course will run from November 4-8, 2013, at $1095 per person, including five days of hands-on cooking and all ground transportation and meals (lodging is separate). The course will accept a maximum of eight guests. Visit our site for more details.
Food lovers traveling to China owe it to themselves to discover the country’s delicious and singularly influential culinary traditions. Lotus Culinary Travel can design a custom culinary experience at any time of the year lasting from one day to one week. If you have special requests, just ask. Our Chengdu connections run deep.
Lotus Culinary Travel is a U.S.-based boutique tour operator that designs and manages food tours in the world’s most flavorful places. As Sichuan’s first and only dedicated culinary tour company, with a local office in Chengdu, we have hosted celebrated chefs, journalists and Chinese food aficionados on their culinary pilgrimages to Sichuan for five years, leading travelers from street food to haute cuisine, from farm to table, from market to kitchen. Visit us at lotusculinary.com Reported by PRWeb 4 hours ago.
(PRWEB) May 14, 2013
Lotus Culinary Travel, a U.S.-based boutique tour operator with a local office in Chengdu, is Sichuan’s first and only dedicated culinary tour company. Lotus Culinary is marking five years of bringing international travelers to experience China’s boldest and most-loved cuisine at the source by offering special rates on fall 2013 small-group tours and on custom private tours throughout 2013. Special rates are offered on both the flagship five-day Chengdu Culinary Tour with full-day cooking class and the new one-week Intensive Cooking Course at China’s top culinary school.
Guests will follow in the footsteps of "Bizarre Food’s" Andrew Zimmern, whom Lotus Culinary led to Sichuan’s most bizarre as well as most refined culinary specialties, and who declared, “Simply put, the food in Chengdu belongs at the top of the culinary charts, rivaling the world’s greatest food capitals. Move over Paris and New York, Chengdu has arrived!"
Guests will learn to make classic Sichuan dishes such as mapo tofu, dan dan noodles, gong bao chicken and yuxiang eggplant at China’s top culinary academy, the Sichuan Higher Institute of Cuisine, where they will prepare every dish from start to finish on professional wok stations. Appropriate for beginning cooks, the authentic recipes and professional techniques are challenging enough to satisfy the most serious home cooks.
When guests aren’t cooking, they’ll be discovering a wide range of restaurants and dining styles accompanied by Sichuan-born food guides, as well as meeting farmers and artisan producers at Chengdu’s traditional wet markets. On a day trip, they will journey to the original producer of Pixian chili bean paste, meeting the family that has been creating the ingredient known as 'the soul of Sichuan cooking' since 1666.
** The fully escorted, five-day, four-night Chengdu Culinary Tour with full-day cooking class, boutique hotel lodging, all ground transportation and all meals will run from October 14-18, 2013, at $1,095 per person, based on double occupancy. The tour will accept a maximum of eight guests to keep it highly personal and interactive. For alternative dates, contact Lotus Culinary for reduced pricing on this tour for private groups of two or more. Visit our site for more details.
For those whose first love is cooking, Lotus Culinary is launching a new one-week Intensive Cooking Course in Sichuan cuisine, where guests will spend five days mastering Sichuan dishes following the same course that was designed for visiting students from the Culinary Institute of America, allowing our guests the same in-depth instruction as professional chefs-in-training. From xiao chi (little eats and street snacks) to home-style cooking to restaurant style dishes adapted for home cooks, they’ll learn to cook a full range of China’s most exciting and distinctive food from some of its top chef-instructors, who are assisted and interpreted by Lotus Culinary’s food specialists.
** The fully escorted one-week Intensive Cooking Course will run from November 4-8, 2013, at $1095 per person, including five days of hands-on cooking and all ground transportation and meals (lodging is separate). The course will accept a maximum of eight guests. Visit our site for more details.
Food lovers traveling to China owe it to themselves to discover the country’s delicious and singularly influential culinary traditions. Lotus Culinary Travel can design a custom culinary experience at any time of the year lasting from one day to one week. If you have special requests, just ask. Our Chengdu connections run deep.
Lotus Culinary Travel is a U.S.-based boutique tour operator that designs and manages food tours in the world’s most flavorful places. As Sichuan’s first and only dedicated culinary tour company, with a local office in Chengdu, we have hosted celebrated chefs, journalists and Chinese food aficionados on their culinary pilgrimages to Sichuan for five years, leading travelers from street food to haute cuisine, from farm to table, from market to kitchen. Visit us at lotusculinary.com Reported by PRWeb 4 hours ago.
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China Ceramics Announces First Quarter 2013 Financial Results
JINJIANG, Fujian Province, China, May 14, 2013 /PRNewswire/ -- China Ceramics Co., Ltd. (NASDAQ Global Market: CCCL) ("China Ceramics" or the "Company"), a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and...
Reported by PR Newswire 4 hours ago.
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China's teenager takes 11 minutes to advance at TT Worlds
Eighteen-year-old debutante Hu Limei of China took only 11 minutes to beat Haliti Ilirjana of Kosovo in the first round of qualifying at the World Table Tennis Championships here.
Reported by IndiaVision 4 hours ago.
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Arctic Council to rule on China status
China, India and Japan are among those seeking to join the main body involved in setting the rules for the future development of the polar region
Reported by FT.com 3 hours ago.
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