News - ZHEJIANG KINGSIR VALVE CO.,LTD.

Home > News

Tokyo stocks nosedive nearly 7% [2008-11-25]
Tokyo stocks nosedived nearly 7 percent Thursday, with the key Nikkei index falling below the 8,000 line for the first time in about three weeks. The 225-issue Nikkei Stock Average lost 570.18 points, or 6.89 percent, from Wednesday to 7,703.04, closing below 8,000 for the first time since Oct. 28. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 45.15 points, or 5.46 percent, to 782.28. Stocks fell across the board, led by insurance, real estate, and consumer finance issues. Only...
Stocks open lower after jobless claims jump [2008-11-25]
Fresh worries about widening unemployment are adding investors' list of concerns about the economy and are weighing on stocks in early trading. Fresh worries about the job market have emerged after weekly claims for unemployment benefits rose to a 16-year high rather than decreasing as had expected. The Labor Department has reported that new applications for jobless benefits rose to a seasonally adjusted 542,000 last week. In the opening minutes of trading, the Dow Jones industrial average is down 55 at the 7,939 level. Investors are watching to see whether the Dow can stay above ...
China to monitor possible mass layoffs, large-scale labor disputes [2008-11-25]
As mass layoffs and labor disputes become more frequent when global economic slowdown wipes out more companies from business, Chinese government has urged local authorities to make best efforts to properly respond. The top priority should be given to ensuring stable employment, said China's Ministry of Human Resources and Social Security (MOHRSS) in a notice issued on Monday. Investigation should be carried out concerning individual companies' possible layoffs, especially labor-intensive factories, it said. The labor situation of c...
Carrefour replaces CEO [2008-11-25]
Largest French retailer Carrefour on Tuesday announced the imminent departure of its Chief Executive Officer Jose Luis Duran, who will be replaced by Lars Olofsson, currently vice-president of Nestle. Olofsson, who is in charge of Nestle's strategic business units, marketing and sales, will join Carrefour after Duran leaves at the end of this year, the retailer said. Duran, who took office in late July, has been in the spotlight for several months because of his friction with two of Carrefour's largest investors, Bernard Arnault...
Crude oil continues to fall on economic concerns [2008-11-25]
Crude oil fell on Tuesday on concerns that the global economic downturn will further curb energy demand. Light, sweet crude for December delivery fell 56 cents to settle at 54.39 U.S. dollars a barrel on the New York Mercantile Exchange. It is the lowest settlement price since January 2007. Worries of weak economy continues to weigh on the market. The latest demand warning sign comes from the car industry as the biggest three U.S. automobile makers struggled to get government aid to stay in business. U.S...
Former chief of Spain's BPN bank detained [2008-11-25]
Portuguese judicial authorities have detained the former president of financially troubled small commercial bank BPN on charges including alleged tax fraud and money laundering, local media reported Thursday. Jose Oliveira e Costa, who was the chief of Banco Portugal de Negocios (BPN) between 1997 and early 2008, was arrested Thursday on charges of suspected tax fraud, money laundering, forgery, abuse of credit and illegal gains. The Central Criminal Tribunal in Lisbon sentenced Costa to three months of preventive detention Friday after an...
Foreign brands win bid in China rural household appliance project [2008-11-25]
Samsung, Panasonic, Nokia and other leading foreign brands were on the list of Chinese subsidized household appliances for farmers. The Chinese government promised to grant a 13 percent subsidy for household appliances for farmers' on purchase of these household appliances to improve 900 million rural residents' living standards and boost domestic consumption, and a pilot program began in December 2007. According to the bidding result announced by the China National Electronics Import and Export Corp. said over the weekend, 155 domestic and for...
U.S. Bank acquires two California banks [2008-11-25]
The U.S. Bank has taken over the banking operations, including all deposits and virtually all assets, of two financial institutions in Southern California, authorities confirmed on Saturday. The two institutions are Downey Savings and Loan Association and PFF Bank & Trust of Rancho Cucamonga, both based in Newport Beach near Los Angeles. U.S. Bank's parent company U.S. Bancorp said the takeover took place Friday night in a transaction facilitated by the Federal Deposit Insurance Corp (FDIC). "The timing of ...
China to impose stricter checks on listed companies [2008-11-25]
The China Securities Regulatory Commission (CSRC) said Friday it would conduct more checks of listed companies in a bid to avoid malpractice in stock trading. Majority shareholders of listed companies, relevant parties involved in mergers and acquisitions and securities brokers would all be subject to examinations, the CSRC said in a draft revision. In the past, local regulators would only examine listed companies when monitoring stock trading practices, according to regulation published in 2001. CSRC also said future e...
EU ministers agree on farm subsidies reform [2008-11-25]
European Union (EU) agriculture ministers managed to reach an agreement Thursday on an overhaul of the 27-nation bloc's controversial farm subsidies, following marathon talks. "Everyone had to deliver sacrifices ... But every member state can go back and say they achieved something in the negotiations," EU Agriculture Commissioner Mariann Fischer Boel told a news conference early Thursday. "I am very happy we made it without changing the basic instruments of the original proposal," she added. In May, the European Commis...
EU approves Belgian state guarantee for Fortis Bank [2008-11-25]
The European Commission has approved a Belgian state guarantee mechanism intended to facilitate the financing of Fortis Bank. "The aid is necessary to ensure the viability of Fortis Bank and thereby avoid a serious disturbance in the Belgian economy," the European Union (EU)'s executive arm said in a statement Thursday. The Belgian government decided to guarantee short and medium term wholesale funding of Fortis Bank after the bank fell prey to the current financial crisis at the end of September. Belgium,...
Peugeot Citroen to cut 3,550 jobs [2008-11-25]
French carmaker PSA Peugeot Citroen on Thursday announced plans to cut 3,550 jobs in the face of a sharp decline in sales amid the worsening global economic crisis. A statement from the company said the plan will be carried out through voluntary departures, adding that all production sites and all types of jobs in the company, mainly in France, will be covered under the plan. The company said the urgent action was necessary in order to protect the future of the other 200,000 employees. The plan was initially ...
EU farm ministers work to reform farm subsidies [2008-11-25]
European Union (EU) farm ministers worked overnight on Wednesday to seek an agreement on a major reform of the EU's controversial farm subsidies. As the closed-door talks were still going on, the farm ministers had to decide on whether to further break the link between farm subsidies and production and thus allow farmers to follow market signals to the greatest possible extent. While 90 percent of EU farm subsidies, which cost more than 40 billion euros (50 billion U.S. dollars) a year, are currently decoupled from production, the European C...
WTO revises up 2007 trade growth, silent on 2008 [2008-11-10]
The World Trade Organisation (WTO) revised upwards its estimate of 2007 growth in world exports on Wednesday but kept silent in its latest trade survey about developments this year and gave no forecast for 2009 either. Trade experts said international trade is falling at present as recession looms, making any predictions highly unreliable. Growth in world merchandise exports in 2007 slowed to 6.0 percent in volume terms from 8.5 percent in 2006, but was still above the estimate made in April of 5.5 percent, the WTO said in its International Trade Statistics 2008. "Weakening d...
Chinese Shoemakers Seeking Way Out [2008-11-10]
The factory floor of a shoewear manufacturer in Dongguan, Guangdong province. Amid industry-wide closures, shoemaker Betta Footwear Factory is seeking to buck the trend by focusing on the domestic and online markets. In doing so, the subsidiary of Hong Kong-based Goddess International Ltd is also moving away from the traditional strategy at previous shoe industry expos of targeting overseas orders, as recently seen at the 8th China Shoes/China Shoetec in Dongguan, a leading footwear event in Asia. Betta is already reportedly sniffing out every chance to persuade other shoemakers...
9 Things to Know About Negotiation [2008-11-10]
Realistically evaluate yourself and how you respond to conflict. Don't be afraid to get help if you need it. As you go about your workday, do you take time to negotiate the obstacles you face regularly, or do you just walk away in disgust? Don't walk away. Face those obstacles and negotiate. Especially in these difficult economic times, your ability to negotiate may mean the difference between success or ruin. All you need is effective negotiation skills. Here are nine things you need to know before you approach your next negotiation. 1. Every negotiation brings an opportunity ...
Economic meltdown forces more retailers to file for bankruptcy [2008-11-10]
Because of the economic meltdown, more than a dozen U.S. retailers have filed for bankruptcy so far this year, it was reported on Sunday. Industry experts expect more to file early next year as the reality of a lackluster holiday season becomes clear, according to the San Francisco Chronicle. As the economic meltdown deepened, some well-known retailers in the nation, such as Mervyns, Linens 'N Things, Shoe Pavilion and Whitehall Jewellers, have started liquidating their inventories, which is part and parcel of going belly up, the paper said...
Wen sees worst year for growth [2008-11-10]
The government should find the right balance between curbing inflation and maintaining a stable economic growth, Premier Wen Jiabao said on Saturday. "We must be aware that this year would be the worst in recent times for our economic development," Wen said in an article published in the Qiushi journal. Curbing inflation is still a challenge, even though it fell from a 12-year high of 8.7 percent in February to 4.6 percent in September, he wrote. In his article, Wen said that the global downturn will cont...
Nepali gov't forms panel to study global crisis fallout [2008-11-10]
The Nepali government has formed a task force to study the likely consequences of global financial meltdown on Nepal, local newspaper The Kathmandu Post reported on Monday. The task force is headed by Dr. Pitambar Sharma, vice chairman of National Planning Commission. The task force includes acting governor of the central bank, Nepal Rastra Bank Krishna Bahadur Manandhar, Finance Secretary Rameshwore Khanal, economic advisor at the Ministry of Finance Shriram Poudel, president of Federation of Nepalese Chamber of Commerce and Industry...
Murdoch: China, India will reshape the world [2008-11-10]
Media tycoon Rupert Murdoch says the ongoing metamorphosis of China and India from historic backwaters into economic powers will help reshape the world in the next few decades. The News Corp. chief gave an upbeat assessment of the future and made a vigorous case for free markets despite troubled economic times and what he called "naked, heartless aggression" in the world. In the first of a series of speeches in his birth country of Australia, Murdoch spoke Sunday of "the great transformation we've seen in the past few decades, the unleashing of human talent and ability across our ...

First < 4 5 6 7 8 9 10 11 12 13 14 15 16 > Last

Contact Us

Company Name: ZHEJIANG KINGSIR VALVE CO.,LTD.
Contact Person: ARICO JIN
Tel: 0086-576-87427772
Fax: 0086-576-87427771
Mobile Phone: 0086-13666840000
Email: mail@cn-kingsir.com
Factory Add.: No.10 Fengyu East Rd. Yuhuan Enconomy Development Zone,Taizhou,Zhejiang,China.
Zip: 317605
WebSite: http://www.kingsirvalve.com

Product Catalogue