Fatcatnewsvideo.com: China News

Kids Get Ski & Snowboard Lessons From Andy Finch

Fri, 24 Feb 2012 00:00:00 GMT

Eight kids got one-on-one ski and snowboard lessons from Valley Olympian and former Amazing Race contestant, Andy Finch, at China Peak Mountain Resort. It's part of a program called Ski Jamin, which stands for Ski Institute for Junior American Minority Inner-City Neighborhoods.

Clinton Blasts Russia, China for Stance on Syria

Fri, 24 Feb 2012 00:00:00 GMT

Secretary of State Hillary Rodham Clinton blasted Russia and China as "despicable" for opposing U.N. Security Council action on Syria. (Feb. 24)

New investment to change Short Vine

Fri, 24 Feb 2012 00:00:00 GMT

$20 million dollars to change landscape near UC

Chinese Buy Vineyards as Bordeaux Demand Soars

Fri, 24 Feb 2012 00:00:00 GMT

Feb. 24 (Bloomberg) -- Chinese investors are flocking to Bordeaux, France, and purchasing vinyards as demand for expensive Bordeaux wines soars in China, Bloomberg Pursuits reports in its premier issue. Sara Eisen reports on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)

DJIA: Futures Rise Ahead of Home Sales Data, Apple's China Legal Battle Over iPad Spreads to U.S.

Fri, 24 Feb 2012 00:00:00 GMT

Stock index futures were higher on Friday, extending gains that have taken equities near highs not seen since before the 2008 collapse of Lehman Brothers.

State predicts more available seats for visitors to Hawaii i

Fri, 24 Feb 2012 00:00:00 GMT

The percentage of visitors to Hawaii from China, South Korea, Australia and New Zealand is expected to go up double-digits.

Do Says Baring Has Been Buying China Banks, Developers

Thu, 23 Feb 2012 00:00:00 GMT

Feb. 24 (Bloomberg) -- Khiem Do, Hong Kong-based head of multi-asset strategy at Baring Asset Management Ltd., talks about China's stocks, the nation's economy and investment strategy. He also discusses oil prices, and the dispute within Australia's ruling Labor Party. He speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

Garner Says `Overweight' Energy, Likes Real Estate

Thu, 23 Feb 2012 00:00:00 GMT

Feb. 24 (Bloomberg) -- Jonathan Garner, Morgan Stanley’s chief Asia and emerging-market strategist, talks about the potential impact of rising oil prices on Asian stock markets, and his investment strategy. Oil rose a seventh day, the longest winning streak since January 2010, and may rise again next week as sanctions against Iran tighten, a Bloomberg News survey showed. Garner speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

ABN Amro's Roth Says China Stocks `Top Pick' in Asia

Thu, 23 Feb 2012 00:00:00 GMT

Feb. 24 (Bloomberg) -- Daphne Roth, Singapore-based head of Asian equity research at ABN Amro Private Bank, talks about regional stocks. She speaks with Zeb Eckert on Bloomberg Television's "First Up." (Source: Bloomberg)

Wells Fargo's Wren Expects `Pull Back' in U.S. Stocks

Thu, 23 Feb 2012 00:00:00 GMT

Feb. 24 (Bloomberg) -- Scott Wren, a senior equity strategist at Wells Fargo Advisors, talks about U.S. stocks and the nation's economy. The number of Americans filing first-time claims for jobless benefits last week held at a four-year low and consumers became more confident, indicating an improving labor market may boost household spending. Wren also discusses Europe's sovereign debt crisis, China's economy, and concerns about Iran's nuclear program. He speaks with Zeb Eckert on Bloomberg Television's "First Up." (Source: Bloomberg)

AIA's Tucker Says Confident of Asia's Continued Growth

Thu, 23 Feb 2012 00:00:00 GMT

Feb. 24 (Bloomberg) -- Mark Tucker, chief executive officer of AIA Group Ltd., the third-largest Asia-based insurer by market value, talks about the company's financial performance and growth strategy. AIA posted a sharper-than-expected 41 percent drop in annual profit as stock investment losses overshadowed operational profit gain. Tucker speaks in Hong Kong with Zeb Eckert on Bloomberg Television's "First Up." (Source: Bloomberg)

DJIA: Stocks Climb Higher, HP Shares Drop After Q1 Earnings, Apple Win's iPad Ban

Thu, 23 Feb 2012 00:00:00 GMT

Stocks ticked higher on Thursday after a labor market report indicated the economy was slowly recovering, but the data wasn't enough for the S&P 500 to significantly extend recent gains.The broad index is approaching levels not seen since before the 2008 financial crisis.

Romney makes campaign stop in Shelby Township

Thu, 23 Feb 2012 00:00:00 GMT

Republican presidential candidate Mitt Romney made a campaign stop Feb. 21 at Eagle Manufacturing in Shelby Township, where the Michigan native shared his thoughts on the current administration, the military, and China, as well as his plan to "get American working again."

NBA Star Tries to Block Bear Bile Farms in China

Thu, 23 Feb 2012 00:00:00 GMT

A documentary screening event organized by animal welfare group Animals Asia Foundation in Beijing called for an end to bear bile farming, the practice of extracting bile from the gall bladders of living bears. (Feb. 23)

India's air the worst in the world, study says

Thu, 23 Feb 2012 00:00:00 GMT

India has the worst air quality in the world, beating even its neighbour China, according to an annual survey based at Yale and Columbia universities in the United States. Duration: 02:32

CIBC's Bennett Sees Stronger Dollar, Recommends Yuan

Thu, 23 Feb 2012 00:00:00 GMT

Feb. 23 (Bloomberg) -- Patrick Bennett, a strategist at Canadian Imperial Bank of Commerce in Hong Kong, talks about the dollar and the yuan. He also discusses the dispute within Australia's ruling Labor party, Europe's sovereign debt crisis, and China and U.S. economies. Bennett speaks with Rishaad Salamat, Mia Saini, David Ingles and Zeb Eckert on Bloomberg Television's "First Up." (Source: Bloomberg)

U.S. Resumes Talks with North Korea After Kim's Death

Wed, 22 Feb 2012 00:00:00 GMT

Feb. 23 (Bloomberg) -- Bloomberg's Paul Allen reports on talks taking place between the U.S. and North Korea in Beijing. The U.S. is “cautiously optimistic” about negotiations with North Korea, the first such meeting since Kim Jong Il died in December and his son inherited leadership of the isolated, nuclear-armed country. (Source: Bloomberg)

Chum Says Sands China Best Placed Among Peers in Macau

Wed, 22 Feb 2012 00:00:00 GMT

Feb. 23 (Bloomberg) -- Grant Chum, an analyst at UBS AG, talks about casino operators in Macau. MGM China Holdings Ltd., the Macau venture between Pansy Ho and the biggest casino operator on the Las Vegas Strip, said profit more than doubled as the number of Chinese tourists visiting the former Portuguese colony rose. Chum speaks with Zeb Eckert on Bloomberg Television's "First Up." (Source: Bloomberg)

U.S. Stock Market Wrap

Wed, 22 Feb 2012 00:00:00 GMT

Feb. 22 (Bloomberg) -- Bloomberg's Pimm Fox and Deborah Kostroun report on the performance of the U.S. equity market today. U.S. stocks fell, a day after the Standard & Poor’s 500 Index failed to hold at an almost four-year high, as sales of previously owned houses missed estimates and data from Europe and China spurred economic concern. (Source: Bloomberg)

Mid-Day Market Wrap-UP

Wed, 22 Feb 2012 00:00:00 GMT

Stocks are edging lower today on weak earnings and continued worry over the eurozone credit crisis. Fitch Ratings downgraded Greece by two notches this morning, Pushing the country's rating further into junk territory. And the indices are all in the red today - The Dow Jones industrial average is down 47 points in mid day trading. It broke through 13,000 in yesterday's session for the first time since May of 2008, but hasn't been back up there today. Also slipping, the S&P 500 fell five and a half points. And the Nasdaq sank 16 points. European stocks were lower in afternoon trading. The FTSE 100 slipped 0.3%, the German DAX dropped 0.6% and France's CAC 40 edged 0.3% lower. Looking back to the NASDAQ, the star performer today in a sea of red is Sourcefire. Its up 22 and a half percent. Sourcefire is a network security company. It surged on demand for protection against cybercrime. And that drove it’s first-quarter revenue forecast above analysts’ estimates. On the corporate front, earnings season continues. Dell reported results after last night's close, missing analysts' expectations. Shares fell almost 7% in early trading this morning. And after today's close we'll hear how rival, Hewlett-Packard is doing with their quarterly earnings. HP is expected to post earnings of 86 cents per share, down from $1.36 a year ago. In tech news, Apple's shares are slipping, down 7 tenths of a percent as the tech giant faced Chinese company Proview International in a Shanghai courtroom. They alleged that Apple doesnt own rights to the iPad trademark in China. And in economic news, home prices are at their lowest point in ten years. the median home price in January fell 2% from December And that's the lowest price reading since November of 2001, before the run-up in home prices that became known as the housing bubble. One bright spot here is news that existing home sales rose 4.3% last month.

MGM Posts EPS Loss, Tops Revenues For Q4

Wed, 22 Feb 2012 00:00:00 GMT

MGM (NYSE:MGM) reported Q4 loss of $0.29 per share. Revenues for the quarter were $2.30 billion, better than consensus estimates of $2.21 billion. Jim Murren, MGM Resorts International Chairman and CEO said, "2011 was a year in which we achieved many goals: operationally, strategically, and financially. Operationally, we enhanced our customer experience through targeted reinvestment in our properties and improved relationships through our M life customer loyalty program. Strategically, we acquired a majority interest in MGM China and began expanding our brand presence in key markets throughout the world, particularly Asia. Financially, our revenues and margins have improved year over year increasing our cash flow and strengthening our financial profile." MGM Resorts International (NYSE:MGM) has potential upside of 9.8% based on a current price of $14.19 and an average consensus analyst price target of $15.58.

Banned China artist Ai Weiwei gets Paris exhibition

Wed, 22 Feb 2012 00:00:00 GMT

Chinese artist Ai Weiwei, forbidden by authorities form leaving Beijing, has received his first major Paris exhibition, with a show dedicated to his photography -- carefully observed, critically acclaimed, and often critical of Chinese society. Duration: 01:11

Apple Expands 4S Sales in China

Wed, 22 Feb 2012 00:00:00 GMT

China Telecom Corp. will become China's second wireless carrier to offer Apple's iPhone 4S.

Scientists Discover Ancient Forest Preserved in Ash

Wed, 22 Feb 2012 00:00:00 GMT

Similar to the city of Pompeii, this 298-million-year-old forest was preserved by ash, making it a time capsule into another world.

Rescued Pipe Cleaner

Wed, 22 Feb 2012 00:00:00 GMT

Rescuers worked five hours to free a plumber in Southern China who had his arm stuck in a pipe.

Mayer Brown's Wong on IPad Trademark Fight in China

Tue, 21 Feb 2012 00:00:00 GMT

Feb. 22 (Bloomberg) -- Kenny Wong, a partner and head of the intellectual property practice of Mayer Brown JSM in Hong Kong, talks about Apple Inc.'s trademark dispute over the iPad name with Proview International Holdings Ltd. in China. He speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

Halmarick Sees Value in Resources, Soft Commodities

Tue, 21 Feb 2012 00:00:00 GMT

Feb. 22 (Bloomberg) -- Stephen Halmarick, Sydney-based head of investment markets research at Colonial First State Global Asset Management, talks about global financial markets. Halmarick also discusses Europe's sovereign debt crisis and China's economy. He speaks in Hong Kong with John Dawson, Rishaad Salamat, Mia Saini and Zeb Eckert on Bloomberg Television's "Asia Edge." (Source: Bloomberg)

Garcia-Herrero Expects China to Aid Europe Through IMF

Tue, 21 Feb 2012 00:00:00 GMT

Feb. 22 (Bloomberg) -- Alicia Garcia-Herrero, chief emerging-markets economist at Banco Bilbao Vizcaya Argentaria SA in Hong Kong, talks about China's economy, central bank monetary policy and the nation's possible involvement in helping resolve the European debt crisis. She speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

Kumada Says Asian Economies Face Significant Challenges

Tue, 21 Feb 2012 00:00:00 GMT

Feb. 22 (Bloomberg) -- Mikio Kumada, a global strategist at LGT Capital Management in Singapore, talks about Asia's economies and financial markets. Kumada also discusses Europe's sovereign debt crisis. He speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

Constantinides Expects Global Trade to Pick Up in 2014

Tue, 21 Feb 2012 00:00:00 GMT

Feb. 22 (Bloomberg) -- Simon Constantinides, regional head of global trade, Asia-Pacific, at HSBC Holdings Plc, talks about the outlook for global trade. China will overtake the U.S. as the world’s largest trading nation by 2016, as intra-Asian commerce and rising demand from emerging markets boost shipments, according to HSBC. Constantinides speaks in Hong Kong with John Dawson on Bloomberg Television's "First Up." (Source: Bloomberg)

More Chinese Couples Choosing Local Surrogates

Tue, 21 Feb 2012 00:00:00 GMT

Americans have long gone to China to adopt, but now, more and more Chinese couples are headed to San Diego to become parents through surrogacy.

Weiss Says Alibaba Group May Be Aiming for Eventual IPO

Tue, 21 Feb 2012 00:00:00 GMT

Feb. 22 (Bloomberg) -- Justin Weiss, an analyst at JI Asia in Tokyo, talks about Alibaba Group Holding Ltd., and the company's offer of as much as HK$19.6 billion ($2.5 billion) to privatize a listed unit and gain full control of China’s biggest corporate e-commerce site, Alibaba.com Ltd. Alibaba.com reported quarterly profit that missed estimates as anti-fraud measures cut the number of vendors using its site for exports. Weiss speaks with John Dawson on Bloomberg Television's "First Up."(Source: Bloomberg)

Oscar's long road to Hollywood

Tue, 21 Feb 2012 00:00:00 GMT

After eighty-four years and counting -- and with only 50 awards handed out each year -- the Oscars remain one of cinema's most coveted prizes. Despite other prestigious awards outsourcing the manufacturing to China, the iconic statuette is still handmade in the US. AFPTV visits R.S. Owens, the Chicago factory that's home to Hollywood's golden trophy.Duration: 01:54

Football: First match for Anelka in Shanghai

Tue, 21 Feb 2012 00:00:00 GMT

The French striker Nicolas Anelka has played his first friendly match in China for his new club Shenhua. The team, coached by Frenchman Jean Tigana, defeated Hunan Xiangtao 3-1. Duration: 00:33

China Company Suing Apple Willing to Talk About Settlement

Tue, 21 Feb 2012 00:00:00 GMT

The Associated Press reports that a lawyer for a Chinese company suing Apple (NASDAQ:AAPL) in China on the use of the iPad trademark pointed out on Tuesday that their client is eager to discuss a settlement. A lawyer for Shenzen Proview Technology announced that no final decisions were reached in a range of disputes over the issue. Proview states ownership over the iPad name while, Apple claims that they purchased the rights in China in 2009 along with other countries, but Proview did not pass the transfer the rights as arranged. On Wednesday, a hearing is set in Shanghai, while Apple has made an earlier appeal in a court in the southern China city of Shenzen. Apple (NASDAQ:AAPL) has potential upside of 14% based on a current price of $502.12 and an average consensus analyst price target of $572.5.

What's In The News: February 21, 2012

Tue, 21 Feb 2012 00:00:00 GMT

This is what's in the news for Tuesday February 21, 2012. The Wall Street Journal reports an Iranian threat to pre-empt a EU embargo pushed oil prices to a nine month high, and the International Energy Agency warned that the standoff between Iran and the West was bringing the burden of oil prices on the global economy close to levels last seen in 2008. An IEA official did say that oil markets could cope with any loss of Iranian oil exports. The Wall Street Journal also reports Ford Motor (NYSE:F) expects its China sales to increase "about 5%" this year for a second year of relatively moderate growth. Bloomberg reports FedEx (NYSE:FDX) may join the bidding for TNT Express (PINK:TNTEY) after its board turned down a $6.43B offer from UPS (NYSE:UPS), investors and analysts say. Finally, Reuters reports James Kroeker, the SEC's chief accountant is "optimistic" about finding a framework for the U.S. to use global book keeping rules for investors to compare cross-border companies. More than 100 countries, including Europe, use accounting rules from the International Accounting Standards Board.

Firm Suing Apple in China Open to Talks

Tue, 21 Feb 2012 00:00:00 GMT

The company suing Apple over its iPad trademark in China says it's open to talks. But Apple has shown no interest in a settlement with Shenzhen Proview Technology thus far. (Feb. 21)

Bhargava Says Kingfisher Air Ignoring `Real Problems'

Mon, 20 Feb 2012 00:00:00 GMT

Feb. 21 (Bloomberg) -- Jitender Bhargava, a former Air India executive director, talks about the outlook for Kingfisher Airlines Ltd. and India's aviation industry. Kingfisher, the Indian carrier seeking new funds after losses, cut flights after the tax office froze the company’s bank accounts affecting the airline’s ability to make payments. Bhargava speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

Shao Says Alibaba.com's Business `Deteriorating'

Mon, 20 Feb 2012 00:00:00 GMT

Feb. 21 (Bloomberg) -- Jiong Shao, regional head of Internet and media at Macquarie Securities in Hong Kong, talks about China's Internet companies. Alibaba Group Holding Ltd. plans to take private its Alibaba.com Ltd. unit in a deal that may value the Hong Kong-listed company at as much as $8.7 billion, according to two people with knowledge of the matter. Shao speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

Gill Favors Asian Corporate Credit, China Equities

Mon, 20 Feb 2012 00:00:00 GMT

Feb. 21 (Bloomberg) -- Manpreet Gill, senior investment strategist at Standard Chartered Bank, talks about Europe's debt crisis, its impact on Asian financial markets and his investment strategy. Gill speaks with John Dawson on Bloomberg Television's "First Up." (Source: Bloomberg)