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Saturday, July 15, 2006

BenQ axes ex-Siemens staff

BenQ axes ex-Siemens staff
Consumer electronics manufacturer BenQ will lay off 527 staff, approximately half of them contract employees, from its mobile subsidiary in Germany. The Taiwanese manufacturer has been losing $3.1m per day since it took over the Siemens mobile operation, the China Economic News Service (CENS) reported, citing unnamed industry sources.

The Threat of Asian Inflation
As Japan ups rates, a report pegs China's growth above 10%.

The trouble with going public
WHEN Hon Hai, the world's largest electronics contract manufacturer, spun off its China-based handset operations and took them public in Hong Kong as Foxconn International Holdings in early 2005, the move was seen as a beacon for other Taiwanese businesses.

Top traders' volume rises to US$604b last year By Jiang Wei (China Daily) Updated: 2006-07-13 08:47
The trade volume of China's top 500 traders totalled US$604.8 billion last year, according to statistics released yesterday by the Ministry of Commerce.

Sony Ericsson predicts strong growth in mobile market
Sony Ericsson Mobile Communications AB has doubled its second-quarter profit thanks to strong sales of its high-end Walkman and camera mobile handsets. It also provided an upbeat assessment of the mobile industry in general after raising its forecast for total industry sales this year.

On the rise? After suffering through a slump, Japan is beginning to show signs of life
As economies go, Japan always has been a bit of an odd duck. Since the market bubble burst some 15 years ago, it has suffered from chronic deflation, moribund real estate values, very high domestic savings rates and a malformed banking sector saddled by non-performing corporate loans.

ADR Report-Mideast violence and oil near $80 hit ADRs
NEW YORK, July 14 (Reuters) - U.S.-listed shares of overseas companies dropped for a fourth day on Friday as Middle East conflict and oil at a record near $80 a barrel rattled investors.

Samsung 2nd-Qtr Profit Falls on Handset Price Cuts (Update5)
July 14 (Bloomberg) -- Samsung Electronics Co., the world's third-biggest maker of mobile phones, reported the lowest profit in five quarters after cutting handset prices to compete against rivals Nokia Oyj and Motorola Inc.

Sony Again Voted Best Brand In Annual Poll
PlayStation creator Sony has come out on top once again in an annual Harris poll discussing which brands, over the entire spectrum of consumer products, are 'the best', showing the strength of the veteran electronics company's name. Market research firm Harris Interactive conducted its annual online survey (The Harris Poll) between June 7 and 13, 2006, polling 2,351 U.S. adults and asking: "We


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