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November 30, 2008

Regional Cooperation

Filed under: Financial News — Tags: — kinpoo @ 10:31 am -0800

Jiang Dingzhi: to speed up the Financial Innovation and Regional Cooperation in Long River Delta
The vice chairman of China Banking Regulatory Commission Jiang Dingzhi pointed out that at the Long River Delta regional financial high-level forum, held in Hefei on 30th, the financial cooperation is the one of the core contents of the regional cooperation.

Deep Concern for the Brilliant Change
Guangxi, the largest ethnic minority in China — Zhuang settlements. Which has both the magnificent coastal scenery and the beautiful landscape, beautiful Li river.

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Acquisition of Yahoo Search Business

Filed under: Financial News — Tags: , — Nancy @ 10:09 am -0800

Rumor says Microsoft plans to acquire Yahoo search business
According to sources, Microsoft and Yahoo resume negotiations on the acquisition, while Microsoft plans to merge Yahoo search business with 20 billion U.S. dollars. Microsoft has attempted to acquire Yahoo for two times, but ended in failure. Microsoft CEO Steve Ballmer has said before they have no intention to acquire Yahoo, but still interest in acquiring search business.

News says that Microsoft and Yahoo executives deny the acquisition
Microsoft plans to merge Yahoo search business with 20 billion U.S. dollars and supports the new management of former AOL chairman Jonathan Miller and former president of Fox Interactive Media Ross Levinsohn to control Yahoo, but Microsoft will not acquire Yahoo as a whole. However, Levinsohn and a number of important sources denied the reports are true. Yahoo and Microsoft high-level also denied the news. Moreover, they expressed there will not be any similar negotiation in recent days.

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November 29, 2008

Problem of Fuel Tax

Filed under: Financial News — Tags: — kinpoo @ 9:50 am -0800

Fuel Tax may be charged through raising the Consumption Tax
Director of Development and Reform Commission Zhangping said recently:”Make the past various types of fees for the road conservation, management, as well as the water conservation, management and other cost become the fuel consumption tax to charge, ie to regulate fees into taxes.”

Fuel Tax to stimulate a Rebound in Oil Prices
The wait-and-see gas stations in Chengdu will be disappointed — the oil price has not been declined yet, the wholesale price of the refined oil has rebounded forcefully though.

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