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April 15, 2007
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World Business Briefing | Asia: China: Dell Plans to Sell Low-Cost Computer
Tue, 20 Mar 2007 23:56:52 EDT | New York Times
Dell Inc., the personal computer maker, unveiled a low-cost PC for China, its fastest-growing market. The PC is priced from about $335 to $520, the company said in a statement. Earlier this month, Dell reported a sharp drop in quarterly profit while revenue fell short of Wall Street expectations, adding that it foresaw pressure on growth and profit margins in the next several quarters as it spends money to restructure. The company had lost market share to the global industry leader Hewlett-Packard in the fourth quarter and in January. In China, the world?s second-largest PC market, Dell ranks third behind the Lenovo Group and Founder Technology.
Three Sweeping Events in China
| PRWeb - Press Release
Martin Weiss, Ph.D. discusses three reforms in China set to solidify the country's growth, bolster its financial markets and more rapidly transform it into a 21st century market economy. In this issue of Money and Markets, Dr. Weiss examines each of these reforms and compares the Chinese economy with the U.S. economy. (PRWeb Mar 21, 2007)
RBS and Bank of China launch high-end business
| Findory News
Financial Times: Royal Bank of Scotland and Bank of China, the country's second-biggest lender, has launched a private banking business targeting rich Chinese with more than $1m to invest.
China steel firms to stop ore imports
Thu, 22 Mar 2007 15:59:54 GMT | Business Standard
At least 10 steelmakers in China, including Baosteel Group Corp., the country's largest mill, have agreed to suspend iron ore purchases from India after it announced a tax on exports, an industry
Aluminium output in China jumps 40% in Feb
Thu, 22 Mar 2007 15:58:28 GMT | Business Standard
A surging output from China is not merely limited to the steel industry. In the case of aluminium, Chinese output grew by a whopping 40.3 per cent y-o-y in February to 936,000 tonne, according to the
China may put curbs on molybdenum export
Fri, 23 Mar 2007 15:41:40 GMT | Business Standard
China, the world's second largest producer of molybdenum, may impose quotas on the exports of ferro-molybdenum soon as a part of the government's efforts to control the expansion of the polluting
China Merchants Bank tries for NY bank branch after dry spell
| Findory News
Marketwatch: SAN FRANCISCO -- China Merchants Bank Co., Ltd., China's sixth-largest lender, has applied to U.S. banking authorities to open a New York branch that would allow it to make loans and take commercial deposits. The go-ahead could open the door to other mainland China banks after a 15-year dry spell.
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