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Saturday, February 17, 2007

RMB climbs to new high against the U.S. dollar


RMB climbs to new high against the U.S. dollar
The exchange rate of the Renminbi (RMB) yuan against the U.S. dollar climbed a further 94 basis points to a new high of 7.7408 yuan to one dollar on Friday, according to the Chinese Foreign Exchange Trading System.

Outokumpu Expands Alloy Offering for Connector Strip in Europe
... materials for the electrical and electronics applications of the automotive, telecommunication, data communication ...

Regal Electronics' Adds New Line of High-Power, High Efficiency Micro Speakers and Receivers for PDA
... Regal Electronics' Adds New Line of High-Power, High Efficiency ...

Foxconn to spend additional US$119 million in China (Digi Times)
Foxconn Electronics (the registered trade name of Hon Hai Precision Industry) on February 14 announced that it plans to spend a total of US$119 million in 11 investment projects, including three capital increase projects and eight new projects, to expand its production chain in China.

Transfer of Work from India and USA to China in Multi Million Dollar Deals Expected at Exhibition -
... doing any kind of work in China is ‘be there’.” China Outsourcing Fair – Shenzhen, China 8 - 10 ...

Taiwan PC peripheral maker KYE invests in China-based JungleTac Interactive (Digi Times)
KYE Systems, a leading Taiwan-based maker of mice, keyboards and consumer electronics, has invested up to US$4 million in JungleTac Interactive, a China-based developer of TV games, mobile multimedia entertainment platforms, interactive toys and various types of digital content, according to KYE.

Baidu says net profit rises 400%
Top Chinese web search portal Baidu.com Inc yesterday reported 400 percent growth in net profit in the fourth quarter, which pushed the company's stock price on the NASDAQ market up by 1.5 percent to $115.

Wanted: 1,800,000 Non-Working Computer Monitors Exports Reform Group Overwhelmed with Orders
... in China WR3A does site visits of used electronics refurbishers in Asia 2005 Uploaded: Jul 19, 2005 ...

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