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Caterpillar’s China woes warn foreign investors

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caterpillar

Caterpillar’s revelation it found fake accounts at a just-acquired Chinese firm which will cost it hundreds of millions of dollars is a cautionary tale for those looking to enter the hugely promising market.

Posted: January 28th, 2013 in Latest Business Stories | Read More »

China manufacturing falls to 7-month low

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This picture taken on June 29, 2012, shows Chinese workers packing candies at a factory in Jinjiang, southeast China's Fujian province. China's manufacturing activity weakened in June from the previous month, official figures showed on July 1, despite government efforts to arrest a slowdown in the world's second-largest economy, as the official purchasing managers' index (PMI) slipped to 50.2 in June from 50.4 in May, the China Federation of Logistics and Purchasing said in a statement.  AFP PHOTO

China’s manufacturing activity fell to a seven-month low in June, official figures showed Sunday, despite government efforts to arrest a slowdown in the world’s second-largest economy.

Posted: July 1st, 2012 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

China manufacturing hits 7-month low—HSBC

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A worker transports empty carts at a container terminal in Ningbo, China, Thursday June 21, 2012. Chinese manufacturing activity hit a seven-month low in June, data from HSBC showed Thursday. AP/EUGENE HOSHIKO

Chinese manufacturing activity hit a seven-month low in June, data from HSBC showed Thursday, putting pressure on Beijing to do more to boost the world’s second-largest economy.

Posted: June 21st, 2012 in Latest Business Stories,Photos & Videos | Read More »

China and Japan begin direct currency trading

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Most foreign portfolio investors divested their Philippine interests last month, letting go of holdings of listed shares, government IOUs and time deposits, and took their cash back to the United States. AFP FILE PHOTO

China and Japan started direct currency trading on Friday as Beijing marked another stage on its journey to foster the yuan’s use internationally in line with its growing economic clout.

Posted: June 1st, 2012 in Latest Business Stories | Read More »

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