Barclays will purchase part of the Lehman Brothers’ business
Intelligence sources, Barclays Group (Barclays PLC) has reached an agreement with Brothers (Lehman Brothers Holdings Inc.) to acquire the Lehman’s U.S. investment bank and the capital markets business, while as many as 9,000 employees of Lehman Brothers will be remained in the English Bank.
China Polluted Milk Events Spread!
So far, the polluted baby milk events have expanded to more homes from a single incident. The toxic milk has caused two infant deaths, more than 1,200 sick baby, which again highlights the poor control of food and product safety in China.
Fed Considers Contributing 85 billion U.S. dollars to Aid AIG
According to the insider, the U.S. Federal Reserve Board (Fed) is considering to provide 85 billion U.S. dollars of relief to the troubled American International Group (AIG). It would lead to the result the government controls this company, but the specific relief structure is not clear.
The oil and stock:
The Oil Price Drop to 100 $! The Oil Demand of China also Come Slowly.
The anticipatory recession of the world economic enhances and the dollar suddenly strengthen, under the double boost yesterday the international oil price plummeted fell below 100 $, reaching to 94.15 $ as the lowest line.
The Global Stock Market Crashed and cumbered the A-share, Hu-shares fell 2000 points
Although the central bank published favorable policies of the lower lending rates and some financial institutions deposit reserve ratio, it’s still difficult to offset the encumbrance to the A-share market from the global stock market crash.
Imported Milk increased more than 15% This Month
Following the collective price increasing in the April this year, the imported milk will increase its price again. The reporter learned that, BMS lauched the upgrading milk in more 15% prices last week, and Abbott are also being assessed, then rise its prices.
Tourism is the Strong Support to Expand Domestic Demand and Keep its Growth Stability
Recently, the National People’s Congress Standing Committee, vice chairman of the China Democratic National Construction Association, the economical professor, GuShengzu said: Facing the grim situation outside and the difficulties of manufacturing sector, it’s the key to expand domestic demand actively to complete the overall task of “securing and controlling” .
Fashion and Cheap Car — Peugeot 307 for a max offer 15,000 yuan
Yesterday, we learnt from several DongFeng Peugeot dealers in Beijing area that the recent price of Peugeot 307 is relatively stable compared to the eve of the Olympic Games.
Lehman Filed for Bankruptcy — the Rare Financial Crisis
September 14, Barclays Bank announced that, in the absence of the federal government’s and other banks’ financial support, they can’t deal with their “fate hanging line” — Lehman brother, so all the potential acquirers stop their steps.This well-known investment bank, having a 158-year history, have filed for bankruptcy protection.
The Global Financial Crisis , Calling China Rescue the Market
People’s Bank of China announced that, drop down one-year RMB loans benchmark interest rate 0.27 percentage points since the September 16.
Sales Volume increased 20% on Mid-autumn Festival
Yesterday, the reporter learned from the supermarket that the Sales Volume increased 20% approximately on Mid-autumn Festival of 2008.
Huiyuan: Coca cola has not submitted the Application
The vice president and chief financial officer of Huiyuan, Wu Yuqiang said that the only obstacle was to get the approval from relevant authorities, but Coca-Cola has not yet submitted the application in respect of the transaction.
Chinese Communication Service makes 567 million Earnings in this half year
The supplier of Telecommunications supporting service, Chinese Communication Service (00552) yesterday announced that in the first half of this year, the earnings of shareholders reach 567 million yuan, which increases 11.3%.
Other News:
A: In August, there were six foreign investment institutions having been granted QFII qualification.
B:Space Communications announced that the issuance validity of non-publicity issuance stock project had expired, so the project was automatically invalid.
C:International oil prices fell below 100USD, which created the lowest point in these seven months.
D: Lehman Brothers applied for bankruptcy protection, while Merrill Lynch also agreed to be sold to Bank of America with 44 billion USD. The bankruptcy will hit China.
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