China Financial Daily

October 31, 2008

Japan Bank

Filed under: Financial News — Tags: — kinpoo @ 9:26 am -0700

Shirakawa Fang-ming: Other Measures to ease Monetary Policy of Japan Bank
Governor of Japan Bank Shirakawa Fang-ming said this friday that, the global stock markets’ falling and the increase of Yen is the reason that they decline the policy interest rate to 0.3% from 0.5%, and said that there are other measures to ease monetary conditions.

The Range of cutting Interest Rates is less than Expectation
Japan stock market index has dropped 5% at the closing price, and Japan Bank announced the first interest cut earlier in recent 7 years, with the range of cutting interest rates less than the expected market.

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Oil price went down

Filed under: Financial News — Tags: , , — kinpoo @ 9:06 am -0700

Oil price against the market trend appears significantly rich and the domestic price adjustmentin a timely manner
International oil price along all the way went down, but the U.S. energy giant in the third quarter hit a record average earnings-per-second recorded nearly 2000 U.S. dollars

Energy: the atmosphere of domestic retail oil price is strong
Since the international oil prices into a downward spiral, Guangdong Province, the wholesale price per ton of oil products has dropped by 500 yuan to 800 yuan. It can be used as a reference.

China Merchants Securities: lower oil prices will not be less than 500 yuan per ton
Recently, media reported that the related sector in the near future will fixed price of 500, 800 yuan or 1,000 yuan for 3 programs of finished oil price falls.

Sinopec has not received notice of refined oil price down
Sinopec (386) Chief Financial Officer Dai Houliang said yesterday that the company has not received any Mainland’s notice to cut retail price of refined oil.

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The cholera epidemic of Danzhou in Hainan

Filed under: Financial News — Tags: , , — kinpoo @ 8:46 am -0700

The primary and secondary schools in Danzhou in Hainan will be closed for disinfection and students can leave schools afer taking drugs
Danzhou City in Hainan Province on the 30th of Education decided that Xinzhou, Baimajing , Mutang and other primary and secondary schools will be closed on the 31st day, so that the region’s schools were disinfected.

The cholera epidemic of Danzhou in Hainan has been brought under control without deaths
In October of this year, Hainan experienced heavy rainfall in a row, and the occurrence of floods in some areas. Oct. 18-27, in Danzhou City of Hainan Province, in Xinying town there have been outbreaks of cholera.

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