Global contract sales of Huawei Technologies, China’s largest telecoms gear maker, jumped 46 percent in 2008 to $23.3 billion, the China Business News reported.
Huawei Technologies Co Ltd [HWT.UL] also forecast sales of more than $30 billion in 2009, the newspaper said on its website (www.china-cbn.com), citing an internal Huawei email dated Jan 2.
Tags: Huawei, Nokia, [...]
Top U.S. lender Bank of America (BAC.N), raising cash to weather a dismal market at home, sold a $2.83 billion chunk of its holding in China Construction Bank (0939.HK) on Wednesday, dragging the Chinese bank’s stock 6 percent lower.
China’s three largest banks attracted big strategic investments from western financial giants at the time of their [...]
Parkson Retail Group Ltd., the Beijing-based department store chain, fell the most in a year on the Hong Kong stock exchange as China sales growth slowed.
The stock fell HK$1.25, or 14 percent, to HK$7.73 at the midday break in Hong Kong, set for the largest drop since Jan. 21, 2008. In Malaysia, Parkson Holdings Bhd., [...]
Retail sales rose 13 percent year-on-year in the three-day New Year holiday, China’s Ministry of Commerce (MOC) reported on Sunday.
The 1,000 retail enterprises involved in the calculation reported total revenue of 12.5 billion yuan (1.83 billion U.S. dollars) from Jan. 1 to Jan. 3.
Tags: Retail
The global economic downturn had cooled off the retail sales in Hong Kong, a free port known for its convenience for shopping.
The value of total retail sales in the cosmopolis moved up only1.1 percent over a year earlier to provisionally estimated 20.5 billion HK dollars (2.65 billion U.S. dollars) in November, revealed the Census and [...]
The value of total retail sales of Hong Kong in November, provisionally estimated at 20.5 billion HK dollars (2.65 billion U.S. dollars), went up 1.1 percent over a year earlier, official figures released Friday indicated.
After netting out the effect of price changes over the same period, the volume of total retail sales fell 2.8 percent [...]
