介绍:
Vanke Says may Issue New Shares
It's been revealed Chinese property developer Vanke may be poised to try to issue new shares as part of an acquisition.
In a filing to the Hong Kong's stock exchange, Vanke says its considering acquiring a company in a share and cash deal, and has suggested this could be done through the issue of new A shares or H shares.
Vanke has not revealed the name the company its looking to purchase.
This comes as Vanke shares remain on a trading hold amid its high-profile battle with its largest shareholder, the Baoneng Group.
Baoneng became Vanke's biggest shareholder after buying more than 20 percent via its unit Shenzhen Jushenghua Company and Foresea Life.
Vanke officials have deemed the move a hostile takeover bid.
China Continues to Suspend Fuel Price Adjustments
It's being reported that China's top economic regulator is planning to keep fuel price adjustments on hold for the time being.
The National Development and Reform Commission is said to be planning to suspend its price adjustments as it moves to revises its current oil pricing mechanism.
The NDRC first announced the suspension of fuel price adjustments on December 15th.
Under the current mechanism, fuel prices are reviewed every 10 working days, and adjusted if the price of oil goes up or down by a certian level during that period.
China's logistics industry suggests steady growth in first 11 months
Despite the slowdown this year in rail freight volumes, new data from the China Federation of Logistics and Purchasing suggests the overall logistics industry is still improving in China.
Logistics firms from the January to November period have moved around 31 trillion U.S. dollars worth of goods across China this year,
This is up nearly 6-percent compared with the same period last year.
He Hui, vice-Director of China Logistics Information Center, says high-end deliveries have been driving the industry forward.
"The logistics demand shows no signs of slowing down. High-tech product deliveries have been performing well through their increasing demand. Overall, the demand for bulk goods is on a downward trend. We think this is a sign the structural adjustments and industry upgrades are becoming more effective in China."
Logistics industry costs are up around 4-percent year-on-year.
China's online retail volume to reach 4 trillion yuan this year
Anchor:
China's online retail volume is expected to reach 4 trillion yuan, or over 600 billion U.S. dollars, this year.
The Ministry of Commerce says total retail sales should reach 30 trillion yuan this year.
Meanwhile, New York-based research firm eMarketer is predicting China's total retail e-commerce sales will increase to 1.6-trillion US dollars by 2018, with the mainland market accounting for over half of the global retail e-commerce market at that time.
For more on this, CRI's Zhao Yang spoke earlier with Liu Baocheng with the University of International Business and Economics.
Liu Baocheng with the University of International Business and Economics, speaking with CRI's Zhao Yang.
Saudi cabinet increases oil prices and service tariffs
Oil prices have been raised in Saudi Arabia.
At the same time, the Saudi cabinet has also added tariffs on electricity, water and sanitation services.
Saudi officials have approved a national budget for the coming year with a deficit of 86 billion U.S. dollars.
In addition, the Saudi cabinet has also issued various decrees to regulate travel expenses for government officials.
Saudi Arabia, like the rest of the oil-producing world, has been hit hard by revenue shortfalls brought on by the record-low price of oil through this past year.
Brent Crude prices are hovering around 37-dollars a barrel right now.
While most analysts expect the prices to rise back up this coming year, Goldman Sachs is suggesting the price of Brent Crude could dip as low as 15-US dollars a barrel in 2016.
Chilean shipping firm agrees to pay Chinese fine for price fixing
Chilean shipping firm CSAV has agreed to pay nearly half-a-million U.S. dollars in fines for price fixing.
CSAV is one of 8 international shipping companies Chinese authorities have fined for violating the country's anti-monopoly laws.
The company has agreed to pay 475-thousand US dollars in fines for colluding with other firms to keep fees elevated for shipping vehicles and heavy machinery into China.
The fines for the companies range from 4 to 9 percent of the companies' total profits in China last year.
One of the companies involved, Japan's Nippon Yusen Kaisha, won't be paying the fine, as it was the one who blew the whistle the price-fixing scheme and provided key evidence to Chinese authorities.
Deutsche Bank Sells 20% Hua Xia Stake
Germany's biggest lender, Deutsche Bank, has agreed to sell its nearly 20-percent stake in Chinese bank Huaxia for around 3.3 billion U.S. dollars to PICC.
The sale still has to be given the stamp-of-approval by the China Banking Regulatory Commission.
Deutsche Bank started pumping money into Huaxia in 2006.
However, the German bank says its massive writedowns on its stake in Huaxia pushed it into the red in the third quarter.
Deutsche Bank says the sale of its Huaxia shares to PICC will help firm up its bottom-line heading into next year.
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