by | Nov 2, 2010 | Towing
Apple (AAPL) may see its revenue from China triple over two years as the company expands its sales network demand from consumers rise, Morgan Stanley (MS) said.
Apple’s sales in China may be worth more than $9 billion in the year ending September 2012, Morgan Stanley analysts said in a report. In the last fiscal year, Chinese sales were worth $2.9 billion.
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The analysts forecast that…
Continue reading Apple’s China Revenue May Triple Over Two Years, Analysts Say
Apple’s China Revenue May Triple Over Two Years, Analysts Say originally appeared on DailyFinance on Tue, 02 Nov 2010 07:10:00.
Filed Under: Company News, Technology, Earnings, Morgan Stanley , Apple, Stock Picks, Market News
by | Nov 1, 2010 | Towing
Technical analysis is indicating that last week’s indecision will be decisively broken shortly by either the bulls or the bears. But which move is more likely? That’s where the charts seems to be flashing a very clear alert tha…
by | Nov 1, 2010 | Towing
Industrial & Commercial Bank of China, the Asian country’s largest lender, bought a U.S. unit of Fortis Securities for $1.
ICBC is the world’s largest bank by market value and is 70% owned by the Chinese government, The Wall Street Journal said. ICBC bought the unit from France’s BNP Paribas (BNPQY).
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The unit is small, with 75 existing customers and a balance sheet of $10…
Continue reading China’s ICBC Buys Fortis U.S. Unit for $1
China’s ICBC Buys Fortis U.S. Unit for $1 originally appeared on DailyFinance on Mon, 01 Nov 2010 08:30:00.
Filed Under: Company News, Investing, Market News
by | Nov 1, 2010 | Towing
Manufacturing output jumped in China and India in October, breaking with the rest of Asia.
China’s official Purchasing Managers Index gained to 54.7 in October, from 53.8 a month earlier, The Wall Street Journal said. A reading above 50 signals expansion and a reading under 50 means output contracted.
A Chinese PMI produced by HSBC (HBC) was 54.8, up from 52.9 a month earlier.
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“If…
Continue reading China, India Report Manufacturing Growth
China, India Report Manufacturing Growth originally appeared on DailyFinance on Mon, 01 Nov 2010 07:39:00.
Filed Under: Technology, Economy, Market News
by | Nov 1, 2010 | Towing
Will airline travel plunge after two bombs were discovered on board cargo planes?
Continue reading Will Air Travel Plunge Following Terror Plot?
Will Air Travel Plunge Following Terror Plot? orig…
