“Some European countries are facing a debt crisis and hope to convert their assets to cash and would like foreign capital to acquire their enterprises. We will be closely watching and pushing forward the progress.”-Chen Deming, Commerce Minister of China
The Commerce Minister of China just told a group of Chinese businessmen […] Continue Reading…
“China is deeply shocked by these events, and expresses strong concern for the victims and profound condolences to Pakistan.”-Hong Lei, Chinese Foreign Ministry spokesman
China is condemning the recent U.S. led NATO/ISAF attack on Pakistani troops. China and Pakistan are steadfast allies, with China being Pakistan’s number one military supporter. The United States is still […] Continue Reading…
“We do not accept NATO apology. NATO was not chasing militants.”-Major General Athar Abbas, Pakistani army
Pakistan continues to move away from the United States, after a deadly U.S. led NATO/ISAF attack on Pakistani troops. They are now boycotting the December 5 Bonn Conference on Afghanistan’s security.
Foreign Ministers from at least 90 countries (including Hillary […] Continue Reading…
The Japanese paper company, Daio Paper, is in financial trouble after it was discovered that a, now former, executive borrowed millions of company dollars to gamble in overseas casinos!
Tokyo prosecutors are investigating Mototaka Ikawa. They say Ikawa borrowed more than U.S.$128 million from seven subsidiary companies between May 2010 and September of this year. […] Continue Reading…
Since March 2010 Belgium has been without an official government. The problem arose when Dutch speaking Belgians (Flemish) took control in elections, then suggested splitting the country into two halves; one side for French speakers (francophones), the other side for Dutch speakers.
The 2010 elections came about after the Belgian King dissolved the previous government, […] Continue Reading…
From 1949 to 2001, U.S. based FMC operated a phosphorus processing plant in southeastern Idaho, just west of Pocatello and Chubbuck. Ten years later that plant is now an EPA Superfund site, and locals are still waiting for FMC to clean it up!
The hypocrisy is that FMC has been going around spending money buying […] Continue Reading…
Taiwan’s Ministry of Economic Affairs named U.S. based Dell their third biggest foreign buyer, after Hewlett Packard and Toshiba.
This comes after Dell was ordered (some says ‘suggested’) by the Taiwan government to honor a pricing mistake on 19 inch monitors and pricey laptop computers. The monitors were mistakenly priced at U.S.$15.00 and the laptops […] Continue Reading…
“76% of consumers who purchased a non-Apple tablet didn’t even consider the iPad, an indication that a large group of consumers are looking for alternatives, and an opportunity for the rest of the market to grow their business.”-Stephen Baker, NPD Group
On August 18, HP announced it was stopping production of its […] Continue Reading…
On November 25, the Taiwan government’s Ministry of Economic Affairs (MEA) recognized U.S. based Hewlett Packard (HP) as the number one foreign buyer of Taiwan made computer related products.
The MEA refused to give an exact dollar amount but said it was at least 10% more than what HP spent in 2010. In 2010 HP […] Continue Reading…
Not even a week after it was revealed that the biggest insurance companies in Japan were dumping their European bonds, a major Japanese investment firm reveals it is doing the same.
Kokusai Asset Management says it has sold off all Italian, Spanish and Belgian bonds that were part of its Global Sovereign Open Fund!
The […] Continue Reading…