China Ex custom wedding dresses im Bank, Russia's VTB, ink US$240-mln loan deal

nospam@example.com (wufei82) — Sat, 07 Jan 2012 08:04:23 +0100

China Ex custom wedding dresses im Bank, Russia's VTB, ink US$240-mln loan deal

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China Exim Bank, Russia's VTB, ink US$240-mln loan dealPublished: 19 Mar 2009 00:57:39 PST

Mar. 19, 2009 (China Knowledge) - Export-Import Bank of China (China Exim Bank) has sealed a seven-year agreement with VTB, Russia's second-largest bank, granting the latter US$240 million in loans, according to VTB's statement on Wednesday.

The statement also said that the money will be used by VTB-Leasing to refinance the purchase of oil drilling equipment.

VTB, formerly known as Vneshtorgbank, opened its first Chinese branch in Shanghai in February 2008 and provides banking card services to both domestic and Russian clients. It also plans to issue its own union cards in China, according to an earlier report from China Knowledge.

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Ford's H ballkleider wien 1 China sales rise 14% to 197,212 units

nospam@example.com (wufei82) — Sat, 07 Jan 2012 08:03:27 +0100

Ford's H ballkleider wien 1 China sales rise 14% to 197,212 units
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Ford's H1 China sales rise 14% to 197,212 unitsPublished: 21 Jul 2009 20:11:27 PST

Jul. 22, 2009 (China Knowledge) - U.S.-based Ford Motor Co, the world's fourth-largest auto maker, Tuesday said its first-half vehicle sales in China rose 14% from a year earlier to 197,212 units, and that sales of passenger cars in China grew 55% year on year in June, Reuters reported.

In the period from January to June, Changan Ford Mazda Automobile, a joint venture with Chongqing Changan Auto Co<000625><200625> and Mazda Motor, sold 140,386 vehicles, 20% more than in the same period last year.

Sales of the all-new Fiesta car, a small front wheel drive model launched in March, hit 18,224 units in the first six months of this year. The company also sold about 10,000 Ford sedans per month during the period.

Sales at Jiangling Motors Corp Ltd<000550><200550>, a commercial vehicle maker partly owned by Ford, achieved record sales of 53,327 units during the period.

China's first-half vehicles sales hit a record of 6.1 million units in the first half of this year, up 17.69% from a year earlier, boosted by a series of government stimulus measures, said the China Association of Automobile Manufacturers.

Sales of passenger cars in China increased 25.26% year on year to 4.53 million units. In June alone, sales jumped 48% year on year to 872,900 units.

News Cor chaussure mode p to pare down HK operations

nospam@example.com (wufei82) — Sat, 07 Jan 2012 08:03:24 +0100

News Cor chaussure mode p to pare down HK operations
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News Corp to pare down HK operationsPublished: 19 Aug 2009 00:31:15 PST

Aug. 19, 2009 (China Knowledge) - Media giant News Corp, the owner of the Fox television network and the Wall Street Journal, said yesterday that it will reorganize its Asian broadcast operations into three units and trim its operations in Hong Kong.

The U.S.-based company will reorganize Star Group, whose content is distributed in 53 Asian nations, into Star India, Star Greater China and Fox International Channels.

Star Group CEO Paul Aiello will leave the firm by the end of 2009 as part of the revamp.

Star Group, which has about 500 employees in Hong Kong, will no longer keep its headquarters in the city, said spokeswoman Jannie Poon. In the year ended June 30, the company generated US$570 million in revenue, US$435 million of which was contributed by its Indian operations.

The Financial Times reported yesterday that the media giant may slash about 150 to 200 jobs in the Hong Kong office over the next year.

China to abiball kleider raise nuclear power generation capacity: official

nospam@example.com (wufei82) — Sat, 07 Jan 2012 08:02:58 +0100

China to abiball kleider raise nuclear power generation capacity: official
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China to raise nuclear power generation capacity: officialPublished: 06 Nov 2008 01:52:31 PST

Nov. 6, 2008 (China Knowledge) - China is considering raising the goal of the total installed nuclear power generating capacity to 70 million kw by 2020 from the current 40 kw set in 2006, the official Xinhua news reported, citing Huang Li, head of energy conservation and equipment at the National Energy Administration (NEA).

The increased proportion of clean energy would help China alleviate its reliance on coal in energy production so as to cut greenhouse gas emissions in line with the global trend, said Huang.

She also noted that the traditional power supply system in China, which was almost paralyzed in the snow storms during the year, is proven to be vulnerable during such natural disasters.

Currently, the installed capacity of nuclear power is 9 million kw, accounting for only 1.3% of the country's total installed electricity generation capacity, while that of thermal power stations accounted for 76% of the total.

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NetDrago counterfeit detector n Websoft's net profit plunges 42.4% in H1

nospam@example.com (wufei82) — Sat, 07 Jan 2012 08:02:19 +0100

NetDrago counterfeit detector n Websoft's net profit plunges 42.4% in H1
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NetDragon Websoft's net profit plunges 42.4% in H1Published: 27 Aug 2009 17:48:01 PST

Aug. 28, 2009 (China Knowledge) - NetDragon Websoft Inc<0777>, a leading Chinese online game developer and operator, earlier this week announced that its net profit fell 42.4% year on year to RMB 66.4 million in the first six months of this year.

Basic earnings per share were about RMB 0.13 in H1 2009, representing a year-on-year decrease of 40.5%. The company declares an interim dividend of about HK$0.082 per share.

The company recorded RMB 336.8 million of revenue in the first half, up 4.3% from a year earlier. The gross profit during the period was RMB 296 million, compared with RMB 290.5 million it made in H1 2008.

In the second quarter of this year, NetDragon reaped RMB 132.5 million in revenues from the Chinese market, representing a year-on-year increase of 16.4%, while revenues generated from the overseas market dropped 9.3% year on year during the period.

NetDragon attributed the revenue growth to its launch of Chinese version of online game Kaixin. Meanwhile, the company launched expansion packs for its popular online games such as Conquer Online and Eudemons Online. The firm also regulated its game servers for Eudemons Online.

NetDragon Chairman and Executive Director Liu Dejian said the firm will continue to enhance its R&D strength and improving the game products.

The company will also strive to expand its overseas markets through directly operating local games and licensing abroad, according to Liu.