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Friday, August 25, 2006

Asian Stocks Drop on Fed Banker's Rate Comments; Samsung Slides


Asian Stocks Drop on Fed Banker's Rate Comments; Samsung Slides
Aug. 23 (Bloomberg) -- Asian stocks fell after a Federal Reserve banker said U.S. interest rates may need to rise to curb inflation in the world's largest economy. Exporters such as Samsung Electronics Co. and Hitachi Ltd. led declines.

S.Korean shares' rally seen subsiding; China in focus
SEOUL, Aug 21 (Reuters) - South Korean shares could edge lower on Monday, led by exporters such as Samsung Electronics, as investors may be tempted to book profits following last week's rally, with caution also seen setting in as oil prices rebound.

China to surpass Japan for Sony sales
China is likely to become a bigger country market for Sony than Japan by 2009, the Japanese electronics company said on Wednesday.

Sony Bets on China to Overtake Japan Sales in 3 Years (Update4)
Aug. 23 (Bloomberg) -- Sony Corp. will invest $200 million in China this year to expand production of televisions and Cyber- shot digital cameras, predicting the world's most populous nation will overtake Japan as its second-largest market by 2009.

Business comment
While still trailing the US by a long way, this week's developments in China, and Russia, should help concentrate our minds on the fundamental challenge to our own democratic capitalist system. The economic order of the past 200-300 years is being reversed to a more ancient status quo where China was among the dominant elite.

Consumer Electronics Importers Going Straight To The Source In China at Chinavasion.com
SHENZHEN, China (PRWEB) August 23, 2006 -- Chinavasion Wholesale Co.

Fuji Film to set up China LCD filter venture
TOKYO (Reuters) - Japan's Fuji Photo Film Co. 4901.T and China's SVA Electron Co. Ltd. 600602.SS will together spend $270 million to make color filters used in liquid-crystal displays, Fuji Photo said on Tuesday.

AMD Expands China Operations with Opening of New Shanghai Research and Development Center
AMD (NYSE:AMD) today officially opened the Shanghai Research andDevelopment Center (SRDC), a multi-million dollar research anddevelopment facility driving next-generation AMD processor-poweredplatform innovation through increased technology partner and customercollaboration.

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