Cuts

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PetroChina up 2% hopes refining business to boost performance

Chinese oil, which continues to acquire domestic and foreign assets to expand, has risen sharply today, with a sudden surge in growth in the wake, culminating in a 1.88%-to-8.13 Hong Kong dollar, a 152 million-share deal and an increase of 2.27% to 14.85 yuan in the Chinese oil shares (601857-CN). Or the first half of the parent company's refining and chemical business recorded strong earnings news incentive. The company's parent company, CNPC, announced that it had benefited from cost cuts and efficiency gains after last year's full losses in the refinery and chemical industries, which not only recorded 2001 Chinese oil ...

The IT industry to greet a round of job cuts in the Internet business is also difficult to escape

Absrtact: Yesterday, Tencent was caught in layoffs, online rumors, Tencent in accordance with the 10% of the hard targets of mass layoffs, and no compensation to employees. Yesterday afternoon, Tencent related officials said, this time is not a large range of layoffs, but Beijing's two groups yesterday, Tencent plunged into layoffs, online rumors that Tencent in accordance with the 10% of the hard targets of large-scale layoffs, and no compensation to employees. Yesterday afternoon, Tencent related officials said, this time is not a large range of layoffs, but Beijing's two groups a total of more than 30 staff work place to transfer to Shenzhen, and to leave the staff to ...

Geely sourcing Volvo: The "News" that is taking place

Geely's acquisition of Volvo could soon turn from "gossip" to "news". Although potential bidders, including Geely, have previously denied bids, but the daily economic news reporter yesterday from the party inside an executive staff to understand that Geely has been with Ford on the acquisition of Volvo has reached a preliminary intention, after the acquisition of Volvo or will be settled in Guangzhou, Dongguan, the first domestic model will be XC90, The two sides will further discuss the details of whether the job cuts, market layout, technology transfer and so on after the merger.  The news has not yet been confirmed by the authorities on both sides. But these insiders are not thoroughly ...

Tax starting point next year also raised experts said Beijing should be at 4000 yuan

It is reported that the national tax component has decided to implement a package of tax cuts next year, including continuing to raise the tax starting point, and implementing a 9-level tax adjustment to increase wage earners.  At the same time, small and medium-sized enterprises, service Enterprises, High-tech enterprises to implement a new tax policy. Lihui, a professor at Tianjin University of Finance and Economics, said in an interview this morning that the IRS was proposing to reduce the tax burden under the current revenue pressure, and it was obviously intended to stimulate consumption and expand domestic demand. But many cases at home and abroad suggest that tax cuts often result in tax increases. China in the Northeast region ...

China cuts import tax on computer digital cameras

The import duty rate of computer digital camera is lowered from 20% to 10% "Caixin Net" (reporter Bao) Ministry of Finance cut down computer, video recording machine, digital camera and other information technology products, cameras and other products import tax rate, from 20% to 10%.  A notice issued by the Ministry of Finance to the general administration of Customs shows that the import duty rate of books, periodicals, educational films, slides, original tapes, videotapes, gold, silver and their products is 10%.  The tax rate for textiles and manufactures, television cameras and other electrical appliances, bicycles, watches and clocks is 20%. The most ...

Tax starting point is expected to rise to 2500

In the ongoing local economic work conference, the determination of the 2010 revenue targets, basically in line with 2009, not with the upturn in the economic situation, some experts believe that this is next year, an important signal of tax reduction.  The reporter learned that the national tax component has decided to implement a package of tax cuts next year, including continuing to raise the tax starting point, the implementation of the level 9 tax levels and adjustments.  Reporters from close to the tax part of the authorities understand that from the expansion of household consumption and promote employment, in the near future, will continue to reduce the tax burden on low-and middle-income people. ...

Behind Nokia's layoffs in China: Nokia employees have been spoiled

Lei's work has become hectic since July 17, when Microsoft officially announced a global layoff plan.   As one of the employees involved in the job cuts, he will work with his colleagues to plan for layoffs in China. In a layoff plan of 18,000 people, Nokia, soon under Microsoft's revenue, has already been the hardest hit, with about 12,500 workers from the equipment and services sector.   The main job of Lei is to cut jobs for employees in the Nokia China area. As an old Nokia employee, Lei has seen the company's history of many times ...

Green Paper on climate change to release low-carbon economy will not reduce employment

BEIJING, November 11 (Xinhua) The Low carbon economy will reduce labor input and lead to job cuts, but a recent empirical study by Cass suggests that this may not happen in reality. "If we can take positive measures to promote technological progress, the overall impact of low-carbon development policies on employment is very positive," said Pan, a researcher at the Center for Urban Development and environmental research at the Chinese Academy of Social Sciences. The results of the "preliminary study on the impact of Low-carbon development on China's employment" are listed in the newly published Green Paper on tackling climate change ...

Funds raid real estate sector focus on performance advance stock

Every reporter Shaoyan yesterday afternoon, the real estate sector suddenly collective exerting force. The morning is also in the downward adjustment of Vanke and other stock group turned upward. Two o'clock in the afternoon, Vanke led the real estate plate up, the plate more than one stock once impact trading.  At the close, the property index jumped 7.35%, and turnover was significantly magnified in the previous two days. Short-term interest rate cuts are unlikely real estate stocks in the afternoon, is it because the immediate interest rate cut? Rumors of interest rate cuts quickly circulated in the market? However, the central bank's 2009-year two quarterly survey of National Bankers surveyed showed that more than 57% of the silver ...

Macy's plans to lay off 2500 people

January 8, the United States department store representative Brand Macy's announced plans to lay off 2500 people and close its 5 underperforming chain stores.   It is noteworthy that at the same time as the physical shop layoffs, Macy's will be in the online retail sector to increase the hiring of large numbers of staff to enhance and Wal-Mart, Amazon and other online retailers competitiveness. It is reported that this part of the staff accounted for 1.4% of the total number of employees, after the layoffs, Macy's can save $100 million a year, but the cost of the job cuts will reach 120 million ~1.35 billion dollars. However, for ...

Leading real estate fund drops 0.24% focus on the report

The 00823-HK Real Estate fund, which fell by 0.24%, reported HK $16.82, a deal of HK $59.7289 million, which ran ahead of the index and the index fell 1.32%. CLSA maintained the buying rating of the unit and raised its target price from HK $19.10 to HK $20.10, before raising the 09-11 profit forecast by 1% to 7% respectively because of better rental growth, cost-management foresight and lower interest rate cuts. The unit will announce the results of its fiscal year 2009 today and is expected to be available for fiscal year ended March 31.

Cut its target price from USD 17.8 to $16, down 10%

The following is a summary of the report: it is expected that the trough will arrive in the second quarter; the recovery is still far away-the first quarter is ahead of expectations; It is expected to enter a trough in the second quarter: SouFun's total revenue for the first quarter was $121 million (up 33% year-on-year and 44% per cent) A 6% per cent gain in the first quarter, not according to US GAAP, compared with analysts at Deutsche Bank, 4% and 14% higher than Wall Street analysts expect and Deutsche Bank analysts expected, mainly because of the company ...

Looking to turn a profit: Microsoft will cancel the long term preferential policy of azure cloud Platform

Microsoft's Azure platform is growing at an insane rate, according to the company's recent earnings conference call, which grew 150% from a year earlier. But as Microsoft cuts costs in other areas, such as windows, it has decided to reduce discounts on products such as Azure to boost its profitability. Most recently, the company canceled a discount on promises to use customers for 6-12 months without making more explanations, saying that they would announce new content in a month or so. Microsoft has been lowering its overall price line for cloud services, with a view to Amazon and valley ...

Rovio: "Angry Birds" series of mobile games to optimize the adjustment

February 20, Finnish game company Rovio Thursday, in order to promote the development of China's business, the company will be the Beijing Kunlun worldwide, with the help of the Chinese market for the "Angry Birds" series of mobile games to optimize the adjustment. Although Rovio has successfully extended the "Angry Birds" brand to physical goods and licensed businesses, it has not been able to launch more popular games, has recently laid off 110 people, accounting for 14% of the company's staff, and will close the gaming studios in Tampere, Finland. Before announcing the job cuts, Rovio released the earnings show, 2013 full ...

Last year's rapid growth in heavy industry power cuts was a daunting task

2010 China's electricity consumption growth 14.56% exceed the expected industrial power consumption accounted for 70% Xinhua News agency reported 17th, China's Electric Power Industry association released data showed that 2010 China's social power consumption year-on-year growth of 14.56%, increase by 8.12%.  Experts interviewed by reporters said that as the economic operation of the "vane", the continued growth of electricity consumption behind the steady and relatively rapid economic development trend. Annual growth rate of 14.56%: stable and rapid economic development of the Economic Research Institute of the Chinese Academy of Social Sciences, director of macroeconomic research Zhang ...

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