Banking/Financial Service

Safe Harbor Issues New Open Letter to Shareholders Urging Support for Resolutions

Safe Harbor Encouraged by Strong Shareholder Support Particularly from SNT's Individual Shareholders HONG KONG, June 21 /Xinhua-PRNewswire/ -- Safe Harbor Master Fund L.P. ("Safe Harbor Fund"), a fund managed by Safe Harbor Investment Ltd. (hereafter "Safe Harbor"), the largest shareholder ...

2007-06-21 08:16 637

Qiao Xing Universal Telephone, Inc. to Postpone the Filing of Its 2006 Annual Report on Form 20-F

BEIJING, June 20 /Xinhua-PRNewswire/ -- Qiao Xing Universal Telephone, Inc (Nasdaq: XING) today announces that the Company will need more time than previously estimated to prepare its annual report on Form 20-F for the fiscal year 2006. As Qiao Xing Mobile Communication Co., Ltd. (NYSE: QXM), a...

2007-06-20 21:00 628

3.53 Billion Shares Trade Over Thomson Financial's Order Routing Network in Record Day

Thomson's Global Expansion in Equities Strengthened by Addition of New Local Broker Destinations in Emerging European, Asian and Latin American Markets NEW YORK, June 20 /Xinhua-PRNewswire/ -- Thomson Financial, an operating unit of The Thomson Corporation (NYSE: TOC; TSX: TOC) and a lead...

2007-06-20 08:44 659

Intermost Corporation Appoints New CEO and CFO

SHENZHEN, China, June 19 /Xinhua-PRNewswire/ -- Intermost Corporation (OTC Bulletin Board: IMOT), announced that due to the rapid growth of the Electronic and related Business within the Group, the Board of Directors has decided to appoint New Chief Executive Officer and Chief Financial Office...

2007-06-19 21:00 1030

Score One's Strategy Same as Major Developer with US$100 million Profit

HONG KONG, June 19 /Xinhua-PRNewswire-FirstCall/ -- Score One Inc. (OTC Bulletin Board: SREA) announced today that its investment strategy is similar to that of a major real estate development group listed on the Hong Kong Stock Exchange, the Shui On Group with 2006 profits of over US$100 mill...

2007-06-19 01:55 656

Global Sources Announces Decision Not to Exercise Option for HC International, Inc. Shares

NEW YORK, June 17 /Xinhua-PRNewswire-FirstCall/ -- Global Sources Ltd. (Nasdaq: GSOL) ("Global Sources") today announced its wholly-owned subsidiary, Trade Media Holdings Limited ("Trade Media Holdings"), will not exercise its option to increase its equity stake in HC International, Inc. ("HC ...

2007-06-18 08:37 536

Dah Sing Group Partners with SAS to Implement Basel II

HONG KONG, June 15 /Xinhua-PRNewswire/ -- SAS, the global leader in business intelligence, is pleased to announce that it has been selected by Dah Sing Group (Dah Sing) as a strategic partner to implement the Internal Ratings-based (IRB) approach according to the guidelines of the Banking (Cap...

2007-06-15 17:21 913

Home System Group Completes Asset Purchase with Guangzhou City Keyun Light Industry Machinery Co. Ltd.

New Coffee Maker Line to Broaden Proprietary Product Portfolio while Enhancing Home System Group's Research and Development Capabilities LOS ANGELES, Calif., June 15 /Xinhua-PRNewswire-FirstCall/ -- Home System Group (OTC Bulletin Board: HSYT) ("Home System Group" or the "Company") based in G...

2007-06-15 21:01 845

China Mobile Limited 2006 Annual Report on Form 20-F Filed with the SEC

HONG KONG, June 13 /Xinhua-PRNewswire-FirstCall/ -- China Mobile Limited (the "Company") (HKEx: 941) (NYSE: CHL) announced today that it has filed its Annual Report on Form 20-F for the year ended December 31, 2006 (the "2006 Form 20-F") with the U.S. Securities and Exchange Commission. ...

2007-06-13 14:46 573

Harbin Electric Set to Join Russell Microcap Index

HARBIN, China, June 12 /Xinhua-PRNewswire-FirstCall/ -- Harbin Electric, Inc. (Nasdaq: HRBN) a developer and manufacturer of customized linear motors and other special electric will join the Russell Microcap(TM) Index when Russell Investment Group reconstitutes its family of U.S. indexes on Ju...

2007-06-12 20:30 720

Progeniq Launches Universal Version of BioBoost Accelerated HMMer for Mac OS X

Delivers HMMer BioInformatics Calculations Up to 40 Times Faster SAN FRANCISCO, Calif., June 11 /Xinhua-PRNewswire/ -- Progeniq Pte Ltd, a leader in reconfigurable computing applications, today launched the Universal version of its BioBoost(TM) Accelerated HMMer application for Mac OS X. T...

2007-06-12 04:00 629

Cerberus Capital Management Renames Real Estate Investment Affiliate

Blackacre Institutional Capital Management, LLC To Be Known As Cerberus Real Estate Capital Management, LLC NEW YORK, June 11 /Xinhua-PRNewswire/ -- Cerberus Capital Management, L.P., one of the world's leading private investment firms specializing in transforming undervalued companies into...

2007-06-11 21:35 721

China's Insurance E-Commerce Needs Planning and Coordination

BEIJING, June 7 /Xinhua-PRNewswire/ -- E-commerce in China continued to grow at a high speed in 2006 and penetrate industries. As a key application, insurance e-commerce is becoming a new growth point for the insurance industry. CCID Consulting, China's leading research, consulting and IT outs...

2007-06-07 20:00 702

AIG Asian Opportunity Fund II Closes Three New Investments

HONG KONG, June 7 /Xinhua-PRNewswire/ -- AIG Global Investment Group ("AIGGIG") announced on May 30, 2007 that the successful closing of three private equity investments by the AIG Asian Opportunity Fund II, L.P. ("AOF II"), in partnership with other AIG funds. The deals, representing commitm...

2007-06-07 15:23 636

U.S. Under Secretary of Commerce for International Trade Joins Cushman & Wakefield as Managing Director and Chief Operating Officer of Cushman & Wakefield Investors Asia

Veteran foreign trade expert and former U.S. Ambassador to Singapore Franklin L. Lavin to help build Cushman & Wakefield's investment management business in Asia NEW YORK, June 7 /Xinhua-PRNewswire/ -- Cushman & Wakefield, the world's largest privately held commercial real estate se...

2007-06-07 12:51 778

Safe Harbor Urges SNT Corp. Shareholders to Support Their Resolutions at the June 28 General Shareholders Meeting

Resolutions Seek To Raise SNT's Long Term Value and Share Performance HONG KONG, June 6 /Xinhua-PRNewswire/ -- Safe Harbor Master Fund L.P. ("Safe Harbor Fund"), a fund managed by Safe Harbor Investment Ltd. (hereafter "Safe Harbor"), the largest shareholder of SNT Corporation (hereafter ...

2007-06-06 18:26 624

CCBC Supports Bank of Canada Call for Measured Progress on Revaluation of Yuan

TORONTO, June 5 /Xinhua-PRNewswire/ -- The President of the Canada China Business Council reiterated CCBC's support for the recent call by Bank of Canada Governor David Dodge for tolerance for China's pace in revaluing the yuan. Dodge said after a speech to the Chicago Council on Global...

2007-06-05 17:47 636

Equicap Inc. Completes First Commercial Shipment in China

HANGZHOU, China, June 5 /Xinhua-PRNewswire/ -- Equicap, Inc. (also called "Usunco Automotive") (OTC Bulletin Board: EQPI.OB) announced today that its operating subsidiary, Zhejiang ZhongChai Machinery Co., Ltd. completed the first commercial shipment of its diesel engine products on June 2, ...

2007-06-05 05:00 615

Stora Enso Signs a EUR 1.4 Billion Syndicated Loan

HELSINKI, Finland, June 1 /Xinhua-PRNewswire/ -- Stora Enso has signed a new EUR 1.4 billion syndicated credit facility agreement with a group of 15 banks. The facility, which has a maturity of five years, is for general corporate purposes including the refinancing of existing EUR 1.75 billion...

2007-06-01 18:30 695

Tata Consultancy Services Launches Strategic Business Unit for Financial Services Products

NG Subramaniam to Head TCS Financial Solutions MUMBAI, India, June 1 /Xinhua-PRNewswire/ -- Tata Consultancy Services (TCS), (BSE: TCS; NSE: TCS), a leading IT services, business solutions and outsourcing organization, announced the formation of a new strategic business unit (SBU) called TCS...

2007-06-01 16:58 851