Financial Services

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 15:23 630

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 12:51 776

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 18:26 620

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 17:47 630

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 05:00 611

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 18:30 685

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 16:58 844

Xinhua Finance Realigns News Business Strategy on the Greater China Market

SHANGHAI, May 31 /Xinhua-PRNewswire/ -- Xinhua Finance Limited (TSE: 9399) (OTC ADRs: XHFNY), today announced that it has reached an agreement on the sale of certain non-China news operations of Xinhua Finance News ("XFN", an unit of the Company's news service line) to Thomson Financial, a lea...

2007-05-31 22:46 919

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 20:34 779

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 05:00 637

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 20:19 886

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 18:00 603

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 21:00 742

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 22:20 588

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 20:30 748

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 13:11 788

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 21:00 701

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 23:00 909

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 15:17 773

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 00:00 923