BHP Billiton pays Rio Tinto $5.8 billion to build joint venture

Xinhua Canberra, June 5, the world's largest mining company BHP Billiton and the third largest mining company Rio Tinto 5th on the joint venture in Western Australia's iron ore business agreement. BHP Billiton and Rio Tinto will hold a 50% per cent stake in the joint venture, according to a statement issued by the two sides, and BHP will pay Rio $5.8 billion for the stake.  It is reported that the synergy produced by the merger will save the cost of at least 10 billion dollars for two companies. Rio Tinto chairman Plessis said in a statement that the joint venture would build an unrivalled iron ore business, and its assets and infrastructure would be ...

Chi Fu brand 33% allotment Tung

Chi Fu Energy (Temporary transaction number: 2921) A positive response to the shares has led to a sharp rise in the share price of the stock exchange, which has seen a new high of $2.2, up more than 33.33%, the latest 1.97 yuan, 19.39% and a turnover of 52.09 million yuan. Chi Fu proposed a rights issue, with a number of investors, including the company's vice chairman Owen L Hegarty, Chairman Liu Mengchong, and New World Development (00017-HK) Chairman Tung, such as Chow Tai Fook Agent pledged to subscribe a total of 4.949 billion yuan of shares, equivalent to the company to raise 4.55 billion yuan ...

Household heating for spring in winter

This week, this newspaper invited dozens of industry elite, together on the development of heating industry advice. After the meeting, caused the industry high concern. The participants pointed out that the heating industry has not developed long history, the product advantage is very obvious, the market potential is huge.  But in the rapid development of a few years, because the industry threshold is low, there is a wealth of the mentality of some businesses involved in heating industry, the industry appeared disorderly competition situation, all kinds of consumption problems exposed.  Heating allows countless families to warm up, but businesses are still looking for spring in the winter. Household heating, so that the winter is no longer cold "as more and more consumers choose family points ...

Data on private companies will be counted in payroll statistics

The National Bureau of Statistics announced 27th at a news conference, starting this year, will formally establish the annual private sector wage statistics sampling system, the private sector into the scope of the wage survey. Statistics released earlier this year showed that the average wage for workers in urban units in 2008 was 29229 Yuan, which exceeded 2400 yuan a monthly.  After the numbers were widely questioned, more netizens joked that their wages were "increased". As a result of the financial crisis, the income of ordinary wage earners has declined, and the optimism of statistics and the decline of residents ' income have formed ...

Gome to go flat in the afternoon

Gome was flat in the afternoon and did not follow the big city's further rally, with its share price consistently close to HK $2. Latest report 1.96 Hong Kong dollar, up 75%. Turnover of 1.645 billion shares, turnover 32.65%, change hand rate of 12.9%

State-owned Enterprises index half a half-day 3.79% next test million points

The World Bank blew the "cold wind", the global stock market should fall, the Hong Kong equities today under the rift wearing short-term neck position support position, once plunged nearly 700 points, at noon closed a slightly narrow decline, reported 17,487 points, 571 points, or 3.17%, turnover of HK $38.231 billion. State-owned enterprises index also lost short-term support, fell 3.79% to 10,235 points, away from the psychological barrier close at hand. Technically, the short-term support of Hong Kong stocks will be moved down to 17,000 points, just 50 Japanese line also moved to the nearby level, bringing psychological and technical support, the material has certain support. However, BMI fund management is more ...

China's pipe industry continues to move more than 10%

The Chinese Tube Industry (00380) yesterday Rose 23%, the deal increased, the rally this morning continued, see 0.085 Yuan, and then Rose 13.33%. The current price of 0.079 yuan, rose 5.3%, the provisional transaction over 26 million yuan.

Hong Kong shares pumped up 402 points in the afternoon

HSI followed a A-share made, the latest reported 17,656 points, down 402 points, a decrease of 2.23%. The state-owned enterprise index fell 271 points, or 2.54%, to 10,368.

Shun Tak Group Falls 6.64% for half a while Goldman Sachs maintains buying

The Shun Tak Group (00242-HK) fell 6.64% in half a half-day, reported HK $4.64, a deal of HK $25.6693 million, and the stock index fell 3.16% in the early trading market. Despite news that Icelandic investors have given up on the purchase of a lakeside property in Macau, Goldman has maintained the buying rating of the unit at a target price of HK $5.80.  The bank still believes that faith is a good tool for investing in Macao's recovery, with property prices and volumes rebounding sharply since March. In the case of the abandonment, Goldman Sachs said that, although the profits recorded in the letter this year are reduced, but if it can later ...

Wuhan first beat Vanke 1.4 billion take village block after purchase

The first land auction in Wuhan was held as scheduled yesterday (March 3) After the new deal was limited. In the village occupies half of the 16 plots, there are 13 plots did not enter the auction process and was directly taken down by the enterprise.  In the auction scene, "real Estate one brother" Vanke again throw gold 1.436 billion yuan successively won two villages in the city. The land deal is particularly interesting. And the usual smoke different, yesterday, a total of about 1895 acres of land in less than three hours in a sequential "Partition". The successful auction of the 16 plots in 8 are widely regarded as "difficult to gnaw" in the village, but ...

China's first private enterprise headquarters base in Beijing: Investment targeting Pearl River Delta

South All news reporter Wang Haiyan intern Seng from Beijing, China Private Enterprise Headquarters Development Forum was held, South reporters in the forum was informed that the domestic first private enterprise headquarters base (hereinafter referred to as "headquarters base") in Fengtai District, Beijing, is expected to be completed in 2015 and put into use. Headquarters base of the key investment for China Hundred and Industry hundred private enterprise Headquarters, in the Pearl River Delta and other regional economies are facing industrial transfer, economic growth model changes in the trend of the headquarters base to take advantage of this opportunity. (Southern Metropolis newspaper www.nddaily.com) country ...

Tax experts collectively see the empty property tax

Said it will be bought by buyers to push up prices (reporter Shi) in the property tax issued by the release of the sensitive moment, the authoritative tax experts from academia on the effect of the property tax.  Relevant experts said that in the housing market in short supply, the price increase is expected to be obvious, the introduction of the property tax will not only be passed on to buyers, but also to push up prices. In yesterday's "Sohu Economist Monthly Forum", about "property tax should levy?" "The topic has attracted the Ministry of Culture of China Cultural Research Institute researcher Liu Junning, Ministry of Finance, deputy Director of the Treasury, Liu Shangxi, Renmin University of finance and finance ...

KPMG: 3-5 years of doubling of outsourcing companies will lift mergers and acquisitions

Wang Haiyan KPMG recently released the "China Service Outsourcing City Tour" report (hereinafter referred to as "Report"), pointing out that, as the Chinese Government strongly supports the service outsourcing industry, the market is expected to achieve a composite growth rate of 26% between 2010 and 2014, with a market size of $43.9 billion in 2014. In recent years, China has increasingly become an important outsourcing market, and attracted VC, PE investment enthusiasm.  KPMG expects the next merger market for outsourcing services to be quite booming. The Pearl River Delta is the most concentrated offshore outsourcing area KPMG China outsourcing ...

Shanxi hundreds of millions of yuan enterprises were sold to individuals 10,000 yuan

According to the Xinhua news agency, this is a puzzling thing in Shuozhou, Shanxi Province: a hundreds of millions of-yuan coal mine, unexpectedly "10,000 yuan" price by private bidders.  What is even more puzzling is that the coal mines have not been listed for sale and the results of the transfer have come out. In Shuozhou Pinglu Bai Tang Township, there is a radius of nearly 10 kilometers of mining area, the middle of the call Dongliang coal mine. March 4, 2008, Shuozhou Economic and Trade Bureau of the "East Beam coal Mine" transfer of property rights to the Xu Haifu individual, the price is 10,000 yuan. Pinglu District a government document on "How to 10,000 Yuan" to do ...

Old car for a new maximum of 6000 yuan

Home appliances, cars "Old for new" program release will directly pull hundreds of billions of yuan consumption after the "home appliances to the countryside", "energy-saving products Huimin project", the state to spend 7 billion yuan "old for new" plan by the Community wide attention. Yesterday, the National Development and Reform Commission issued "to encourage cars, home appliances," to replace the old "Implementation Plan", of which the car "old for new" maximum subsidy of 6000 yuan.  National Development and Reform Commission related officials said that after the implementation of the program will directly pull 100 billion to 120 billion yuan of market consumption. Consumers can use the Internet or telephone for 2009, the state to arrange financial funds ...

The total amount of three plots sold in Hangzhou is 5.56 billion yuan

May 20, the main urban area of Hangzhou, Zhejiang Province, three land transfer, the final transfer of the total amount reached 5.5622 billion yuan.  The auction appeared a "cold" a "hot" phenomenon: Residential land to become "cold", commercial land trend "hot". Rural r21-19 residential plots, starting at 1.405 billion yuan, after 11 rounds of bidding, the plot by the 8th bidder Hangzhou Purple Yuan Real Estate Co., Ltd., Greentown Real Estate Co., Ltd. and West Real estate jointly with 1.7 billion yuan of the total price of the auction, the floor price of 9143 yuan/square meters.  Compared with the usual premium rate of 200% and 300%, it is much milder. ...

Datang Power Generation: The number of hours this year has been the lowest in nearly ten years

Every reporter Ma Shua Jiang Yanyan yesterday morning, Datang power generation (601991, the former closing price of 7.60 Yuan) 2008 annual shareholder meeting held in a hotel in Beijing Jinrongjie, the company considered the non-public issues of shares, annual financial statements and other 15 bills. But while the economy is generally expected to begin to show signs of improvement, Datang's power generation has expressed a different view. Fangqinghai, director of Datang Group's plan and Investment and financing department, said the current increase in electricity is still uncertain compared with the beginning of the year, and the number of devices used in the equipment has reached nearly 10 per cent.

Today's Hong Kong stock Memo: High silver property, such as June Hao announced results

June Hao Group (00115-HK), High silver Real Estate (00283-HK), Tai Shing International Holdings (08103-HK) announced the end of 2008 performance, the Pacific Andes Equity (02922-HK) on the first day of today, TSC Ocean Group (08149-HK) today is the gem of the last trading day , Friday to the main board trading code (00206-HK), Power Bao Huarun (00156-HK), Hopewell Fu (01813-hk), Li Bao (00226-hk), Kowloon ...

"Backdoor" concept of the second-line real estate stocks rally aggressive institutions to let go

Every reporter Shaoyan Wanguo that with the gradual pick-up in sales price, on the one hand, listed companies cash sales will exceed expectations, on the other hand, the rebound in prices will lead to the growth of net profit. Property stocks in the H-shares and the A-share market have been on the upswing recently, affected by the improvement in real estate fundamentals. Yesterday, the most eye-catching of the Shanghai and Shenzhen cities is the "backdoor" concept of the second-line real estate stocks.  Yesterday's seven real estate stocks, three are "backdoor" listed real estate companies, and promote the second-line real estate stocks rose behind the scenes are institutional investors. Shenwan: New supply decline in the second half ...

BEIJING, Shanghai first to become Asia's top 50 rental

(Reporter Wang Liya) June 1, Gao Li International recently released "Spring 2009 Global Shop Summary" revealed that in the past 12 months around the world in Quality Street rental trends, almost all areas of commercial rents have fallen to varying degrees, it is worth mentioning that,  Shanghai and Beijing, the two largest cities in China, have been among the top 50 in Asia for the first time. The report notes that New York Street is still the world's most expensive retail street, the annual rent of 15069 U.S. dollars per square metre, but compared to the previous year's survey fell 15%; Paris fragrant Shelly Champs Avenue row second, annual rent per square metre 1 ...

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