China
January Passenger-Car Sales More Than Double in China on Stimulus Spending China’s passenger-car sales more than
doubled in January after the government extended economic
stimulus measures, helping boost demand for General Motors Co.
minivans and Volkswagen AG sedans.
Semiconductor Manufacturing Fourth-Quarter Loss Widens on Lawsuit Charge Semiconductor Manufacturing
International Corp., China’s biggest chipmaker, posted its
eighth straight quarterly loss after charging $299.7 million to
cover a litigation settlement with competitor Taiwan
Semiconductor Manufacturing Co.
China's Stocks to Slump After `Cup and Handle' Failure: Technical Analysis China’s Shanghai Composite Index may
fall to as low as 2,650 after a bullish “cup and handle” trend
continuation pattern failed, according to Daryl Guppy, founder
of Guppytraders.com Pty Ltd.
Baidu's Sales Forecast Beats Estimates as Google Considers Exiting China Baidu Inc., operator of China’s most
popular Internet search engine, forecast first-quarter sales
that topped analysts’ estimates after rival Google Inc. said it
may exit the world’s largest Web market.
Fidelity International Seeks $984 Million for China Fund Managed by Bolton Fidelity International’s new China
fund, to be managed by Anthony Bolton, plans to raise 630
million pounds ($984 million) as economic recovery in the U.S.
and Europe flags.
Zhongwang Unit to Buy Aluminum Producer Qinghai Guoxin for $176 Million China Zhongwang Holdings Ltd. said it
plans to buy a Chinese manufacturer of high-precision hard
aluminum alloys for about 1.2 billion yuan ($176 million).
China Sovereign Fund Buys Oil Fund, Joining Goldman Sachs, Morgan Stanley China Investment Corp., the nation’s
sovereign wealth fund, invested for the first time in the U.S.
Oil Fund, an exchange-traded crude-futures fund, joining Morgan
Stanley & Co. and Goldman Sachs Group among the top holders.
Growth in China `Too Strong' for Its Policy Makers to Manage, O'Neill Says China’s economic growth is “too
strong” for government officials who are already trying to
tighten credit, said Goldman Sachs Group Inc.’s Chief Global
Economist Jim O’Neill.
Hong Kong Shares Advance, Reversing Drop; China Overseas, Developers Gain Hong Kong stocks rose for the first
time in four days as property shares gained after developers
including China Overseas Land & Investment Ltd. reported higher
sales.
Citic Newedge to Double Staff on Introduction of China Stock-Index Futures Citic Newedge Futures Co., the joint
venture between Citic Group and Newedge Group, plans to almost
double its staff in China by the end of this year to prepare for
increased trading from the introduction of stock-index futures.
Hong Kong Court to Rule on Nancy Kissel's Final Murder Appeal on Feb. 11 Hong Kong’s top court will rule Feb.
11 on Nancy Kissel’s appeal in the murder of her Merrill Lynch &
Co. banker husband.
China Closes Liaoning Yachao, Ice Cream Makers as Melamine Probe Expands China shut three ice cream makers in
the northern province of Liaoning for using materials tainted
with the chemical melamine as the government widens its scrutiny
of dairy-based products.
Ex-Space Shuttle Engineer Chung Sentenced to 15 Years for Spying for China A former Rockwell International and
Boeing Co. aerospace engineer who worked on the Space Shuttle
program was sentenced to more than 15 years in prison for
economic espionage and acting as an agent for China.
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