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Tag Archives: China

Lenovo Posts Huge loss

22-May-09

Lenovo Group, China’s biggest personal computer maker, posted its largest quarterly loss on record, largely because of weak demand for electronics. Lenovo’s net loss for the fourth quarter ended March 31 amounted to US$264M vs. a profit of US$140M year over year. The loss was wider than expected as analysts had forecasted a loss of [...]

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Financial News Summary – May 12, 2009

12-May-09

- Centrica to Purchase 20% Stake in British Energy – US Trade Deficit Widens in March, First Time in Eight Months – China’s Exports Decline 22.6% in April – Bank of America Sells USD 7.3B Stake in China Construction Bank

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Overnight Market News – May 12, 2009

12-May-09

Bank of America Corp Raises USD 7.3B from Sale of Stake in China Construction Bank Corp The European Union (EU) Will Conduct Stress Tests on its Banking Sector by September 2009 to Determine Capital Adequacy China’s Exports Fall 22.6% in April (yoy), While Factory Investments Surge 30.5% (ytd) Australia’s Budget Deficit Balloons to Record USD [...]

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Overnight Market News – May 11, 2009

11-May-09

Centrica to Purchase 20% Stake in British Energy for GBP 2.3B HSBC Writes Off USD 2.4B on US Subprime Mortgage, Consumer Lending Operations, US Bad Debts Less Than Q04 2008 3i Group Plc Plans GBP 700B Rights Offering After Net Asset Value Plummets 50% Intel Bracing to Pay Fine for Anti-Competitive Behavior China’s Consumer Prices [...]

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