April 29 (Bloomberg) — Bloomberg’s Paul Gordon and Susan Li report on Baidu Inc.’s financial results.
Baidu, operator of Chinas most-popular online search engine, said profit more than doubled, beating analysts estimates, sending the shares up as much as 15 percent in after-hours U.S. trading yesterday. (Source: Bloomberg)
Duration : 0:2:16
Taiwan President Ma Ying-jeou said on Tuesday the island would move quickly to start talks on free trade agreements with other countries. It comes as he seeks to avoid what he sees as a quote, “fatal” isolation for the 390-billion dollar economy.
Ma told foreign journalists in Taipei that a controversial free-trade deal with China, due to be signed by June, is the first step to making sure Taiwan remains a major economy in East Asia.
China and Taiwan are expected to sign the Economic Cooperation Framework Agreement, or ECFA, that would bring the political rivals closer. It would also open the diplomatically isolated island’s economy to trade pacts around the world.
[Ma Ying-jeou, Taiwanese President]:
“We should not let our diplomatic isolation become economic isolation. So politically, I seek rapprochement with Mainland so that economically, we could have a closer ties with them, giving us the needed benefit. On the other hand, we will also develop similar relations with our major trading partners.”
However, the plan has run into stiff opposition at home amid concerns that it will flood Taiwan with cheap Mainland goods. There are also concerns the deal could be used by Beijing to pursue reuniting Taiwan with the Mainland.
Ma says the ECFA is an economic arrangement, but not a move towards unification with China.
[Ma Ying-jeou, Taiwanese President]:
“So, this is not a first step to an ultimate unification because it has nothing to do with unification, but it has more to do with maintaining the status quo and increasing Taiwan’s national competitiveness.”
Since Ma took office in 2008, he has opened trade links, started direct flights and allowed investment in China by Taiwanese firms. The policies have boosted Taiwan’s financial markets and helped it weather the global financial crisis, but have drawn sharp criticism at home.
Ma said the ECFA deal is part of his policy of engagement, but he would not compromise Taiwan’s sovereignty, and stressed Taiwan can’t have globalization without the Chinese mainland.
Duration : 0:2:31
April 26 (Bloomberg) — Jan Friederich, senior economist at the Economist Intelligence Unit, talks with Bloomberg’s Susan Li and Paul Gordon about the outlook for the Chinese economy.
China will announce in August a new stimulus package of possibly 4 trillion yuan ($586 billion), the China Business newspaper reported on its Web site, citing unidentified sources. (This is an excerpt of the full interview. Source: Bloomberg)
Duration : 0:2:27
thtaiwanforumhttp://gdata.youtube.com/feeds/api/users/thtaiwanforumMusicMTV, news[Eng sub.] MTV news in Taiwan – Tokio Hotel
Duration : 0:2:16
April 20 (Bloomberg) — Joseph Galli, chief executive officer of Techtronic Industries Co., the Hong Kong-based maker of Hoover vacuum cleaners and Ryobi power tools, talks with Bloomberg’s Susan Li about the company’s sales outlook and growth strategy.
Galli, speaking from Hong Kong, also discusses how China’s currency policy may affect the company’s business in China. (Source: Bloomberg)
Duration : 0:4:51
April 16 (Bloomberg) — Nicolas Pechet, vice president for China at advisory group Global Intelligence Alliance, talks with Bloomberg’s Susan Li about overseas acquisitions by Chinese energy and mining companies.
Petroleo Brasileiro SA may sell China Petroleum Corp. stakes in two oil blocks off Brazils northern coast as it seeks funds for the largest investment plan of any oil company in the world. (Source: Bloomberg)
Duration : 0:3:31
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Duration : 0:1:58
April 13 (Bloomberg) — Scott Licamele, a director at Red Star Asset Management LP, talks with Bloomberg’s Betty Liu about energy acquisitions by Chinese companies.
China Petrochemical Corp.s purchase of a stake in a Canada oil venture brings the nations spending on resources to $64 billion since 2005 and underlines its willingness to pay a premium for energy security. (Source: Bloomberg)
Duration : 0:2:56
April 12 (Bloomberg) — Bloomberg’s Stephen Engle reports from the Boao Forum for Asia in Hainan, China about the outlook for China’s currency policy.
Former U.S. Treasury Secretary Henry Paulson said April 10 an appreciation of the yuan benefits China as it would give the government a “valuable” tool for controlling inflation in the worlds fastest-growing major economy. (Source: Bloomberg)
Duration : 0:2:23
An earthquake in southern Taiwan has disrupted power supplies in the capital, Taipei and caused the high speed rail service to be suspended.
There have been no reported deaths but several injuries from falling objects.
The US Geological Survey said the 6.4 magnitude quake hit about 70 km (43.5 miles) from southern Kaohsiung city.
Four years ago a 6.7 magnitude quake in the area severed undersea cables and disrupted telephone and Internet service throughout Asia.
Several fires broke out after the latest quake, including one in a textile factory in the southern city of Tainan, which sent out huge clouds of smoke and stalled lifts.
Services on the southern half of Taiwan’s high-speed rail linking Taipei with the south were stopped pending safety checks. Subway service in the city of Kaohsiung was temporarily disrupted.
Power outages hit Taipei and at least one county to the south, and telephone service in some parts of Taiwan was patchy.
Buildings swayed in the capital when the quake struck.
Duration : 0:2:15