Emergency of European Banking Industry causes the Blue Monday
The European Banking Industry detonated the Blue Monday in global market: Asia-Pacific stock prices dropped more than 4%; international oil prices fell below 90 USD; Chinese futures markets all declined; yesterday after the Dow-Jones fell below 10,000-point. A good many evidences show that after the United States, the European banking industry begin to collectively break the financial crisis. In the first trading day of global stock markets, the markets all declined again.
International Crude Oil fell below 90 USD
New York crude oil futures fell below 90 USD at the early of the market on October 6, 2008, which touched the lowest point in these eight months.
Huasheng Tiancheng Increase 400 Million Own Funds to Become Hong Kong Subsidiary Company
Huasheng Tiancheng held the shareholder meeting on October 6, 2008, which discussed and approved the proposal that Huasheng Tiancheng plans to possess 100% Huasheng Tiancheng (Hong Kong) Ltd by increasing 400 million own funds.
Shanghai Stock Exchange adjust Declaration Model and Quotation Way of Company Debt
Yesterday (October 6, 2008), Shanghai Stock Exchange issued the notice to confirm the adjustment of exchange declaration model and quotation way on company debt.
To Neaten and Rejuvenate the Dairy Industry
Premier of State Council, Wen Jiabao hosted the executive meeting on October 6, 2008, listened to the report on the disposal of infant milk powder incident, and researched and deployed to neaten and rejuvenate the dairy industry. In this meeting, the “Dairy Quality Safety Supervision and Management Ordinance (Draft)” has been approved.
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Merrill Lynch forecast: International Oil Prices will fall to 90 dollars Next Year
The report pointed out that because of the declining demand of energy, the oil prices will decrease to 80 dollars at the end of this year.
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