Financial Services

Pacific Century Group Joins Cerberus Consortium

HONG KONG, May 31 /Xinhua-PRNewswire/ -- Pacific Century Group ("PCG"), a private investment group controlled by Richard Li, refers to the news that it is part of the consortium led by Cerberus Capital Management, which has expressed an interest in exploring the possibility of acquiring BCE In...

2007-05-31 20:34 774

China Finance Online Reports First Quarter 2007 Unaudited Financial Results

First Quarter 2007 Net Revenues Reached $4.0 Million BEIJING, May 30 /Xinhua-PRNewswire/ -- China Finance Online Co. Limited (Nasdaq: JRJC), a leading Chinese online financial information and listed company data provider, today announced its unaudited financial results for the first quarter...

2007-05-31 05:00 629

Xinhua Finance Ltd. Adopts Initiatives to Enhance Corporate Governance

SHANGHAI, May 30 /Xinhua-PRNewswire-FirstCall/ -- Xinhua Finance Limited ("XFL"; TSE Mothers: 9399; OTC ADRs: XHFNY) announced that it is undertaking a number of initiatives to continue enhancing its corporate governance policies and those of its subsidiary, Xinhua Finance Media ("XFMedia"; Na...

2007-05-30 20:19 874

GCFF - Shanghai 2007: The Next Step in Bridging the Chinese and North American Capital Markets Through information Exchange and Networking Opportunities

VANCOUVER, Canada, May 30 /Xinhua-PRNewswire/ -- This summer on July 26-27 will mark the launch of ChineseWorldNet.com Inc.'s (CWN) newest GCFF chapter to be hosted in Shanghai. The Global Chinese Financial Forum (GCFF) has been widely successful in Vancouver, Toronto and San Francisco and is...

2007-05-30 18:00 595

Standard & Poor's Compustat(R) Expands Coverage in Taiwan, India

Compustat's Company Data Grows to 17,500 Firms, Adding 500 Businesses in India and 900 in Taiwan, Helping Clients Who Need Indian and Taiwanese Company Information for Their Financial Analysis NEW YORK, May 30 /Xinhua-PRNewswire/ -- In response to growing customer demand for more fundamen...

2007-05-30 21:00 729

Xinhua Finance Media Board Authorizes $50 Million Share Buy Back

Company Also Adopts Initiatives to Enhance Corporate Governance SHANGHAI, May 29 /Xinhua-PRNewswire/ -- Xinhua Finance Media ("XFMedia"; Nasdaq: XFML) announced today that its Board of Directors has authorized a buy back of up to $50 million in shares of its common stock. The Company will bu...

2007-05-29 22:20 581

Gulf Resources Provides 2007 Financial Guidance

Management Expects to Report Revenues of $45 Million and Net Income of $11 Million LOS ANGELES and SHENZHEN, China, May 29 /Xinhua-PRNewswire/ -- Gulf Resources, Inc. (the "Company") (OTC Bulletin Board: GUFR) today announced financial guidance for 2007. Management expects to report...

2007-05-29 20:30 742

Federman & Sherwood Announces That a Securities Class Action Lawsuit has Been Filed Against Xinhua Finance Media Ltd

OKLAHOMA CITY, May 28 /Xinhua-PRNewswire/ -- On May 22, 2007, a class action lawsuit was filed in the United States District Court for the Southern District of New York against Xinhua Finance Media Ltd. (Nasdaq: XFML). The complaint alleges violations of federal securities laws, Sections 10(b...

2007-05-28 13:11 784

Xinhua Finance CEO Says Management Team Remains Intensely Focused on Building Business

SHANGHAI, May 25 /Xinhua-PRNewswire-FirstCall/ -- Fredy Bush, Chief Executive Officer of Xinhua Finance Limited (symbol: 9399) (OTC ADRs: XHFNY) and Xinhua Finance Media Limited (Nasdaq: XFML) today issued the following statement: "My management team and I are intensely focused on runnin...

2007-05-25 21:00 693

Latest Achievement on Investment Consultancy Services Cooperative Agreement Signed up with 10 Equity Exchanges

SHENZHEN, China, May 25 /Xinhua-PRNewswire/ -- The Intermost Corporation (OTC Bulletin Board: IMOT), a leading electronic online equity exchange service provider in China, announced that Chinae.com Investment Consultant (Shenzhen) Ltd., its underling wholly-owned subsidiary, has promoted its b...

2007-05-25 23:00 898

DBS Bank China All Set to Commence Business

Presence and Staff Force to be Enlarged Over Next 5 Years SINGAPORE, May 25 /Xinhua-PRNewswire/ -- DBS Bank Ltd (DBS) announced today that its local subsidiary in China, DBS Bank (China) Limited (DBS Bank China), will commence business on Monday, 28 May 2007, a week after it received final ...

2007-05-25 15:17 768

Intermost Corporation Changes Auditors and Legal Counsel

SHENZHEN, China, May 24 /Xinhua-PRNewswire/ -- Intermost Corporation (OTC Bulletin Board: IMOT), a leading electronic online equity exchange service provider in China, has announced that after careful consideration, its board of directors has approved a change in auditors and legal counsel. ...

2007-05-25 00:00 912

Intermost Corporation Released 3rd Quarterly Report on May 21st

SHENZHEN, China, May 25 /Xinhua-PRNewswire/ -- The Intermost Corporation (OTC Bulletin Board: IMOT), a leading electronic online equity exchange service provider in China, released its third quarterly report on May 21st. The report reveals the new management has endeavored to reduce all admini...

2007-05-25 00:00 811

Roth China Financing Innovation Discovery Tour Visits China Public Security Headquarters in Shenzhen

SHENZHEN, China, May 24 /Xinhua-PRNewswire-FirstCall/ -- China Public Security Technology, Inc. (OTC Bulletin Board: CPBY.OB), a leading provider of public security information technology and Geographic Information Systems ("GIS") software services and the first Chinese public security inform...

2007-05-24 00:14 707

Sincere Watch (Hong Kong) Limited Reports Results for the Twelve Months of FY2007

Revenue Jump of 26% to HK$470.8 Million Riding on the Wealth Boom in Asia HONG KONG, May 23 /Xinhua-PRNewswire/ -- KEY HIGHLIGHTS: -- Revenue jumped 26% to HK$470.8 million and gross profit surged 40% to HK$151.9 million. -- Excluding exchange difference, oper...

2007-05-23 15:04 1004

UBS and Trading Technologies Enter Into Global Software Licensing and TTNET(TM) Distribution Agreement

CHICAGO, May 23 /Xinhua-PRNewswire/ -- Trading Technologies International, Inc. (TT) and UBS today announced that they have entered into a global software licensing agreement in which UBS will make available TT's high-speed X_TRADER(R) order-entry software to its customers and internal trading...

2007-05-23 09:12 704

China Equity Exchange Platform New Chinese Version Officially Launched

SHENZHEN, China, May 22 /Xinhua-PRNewswire/ -- The Intermost Corporation (OTC Bulletin Board: IMOT), a leading electronic online equity exchange service provider in China, announced that after opening its English version website at the beginning of April, the revisions for the Chinese version ...

2007-05-22 23:00 858

DBS Bank Receives Final Approval to Incorporate Locally in China

SINGAPORE, May 21 /Xinhua-PRNewswire/ -- DBS Bank Ltd (DBS) announced today that it has received final approval for local incorporation from the China Banking Regulatory Commission (CBRC). The new entity will be named DBS Bank (China) Limited. As a local subsidiary, DBS Bank (China) L...

2007-05-21 21:30 647

Renminbi Pressure Indicator Growth Hits Record High for Two Consecutive Months

SHANGHAI, May 22 /Xinhua-PRNewswire/ -- Xinhua Finance Limited and and the Milken Institute today release the media update on the Renminbi Pressure Indicator. (Logo: http://www.prnasia.com/sa/200611140926.gif ) Indicator Value Change February 2007: 200.1 January 2007...

2007-05-22 14:26 773

Fuji Fire and Marine Reports Financial Results for Fiscal Year 2006

Net Premiums Written Increase Materially for First Time in 10 Years Net Income Advances 6.6% Year-on-Year to JPY 8.0 Billion TOKYO, May 22 /Xinhua-PRNewswire/ -- The Fuji Fire & Marine Co., Ltd., ("Fuji Fire and Marine" or "the Company")(TES: 8763), one of Japan's oldest and most trusted...

2007-05-22 14:00 581