Today, 15 Billion Yuan Central Bank Notes Issued
Today, the central bank of China will issue 15 billion Yuan notes. The validity of the notes will be three months, which increases 7 billion yuan issuance volume compared with last week.
Major Shareholder Increase Over 1600 Million Yuan Holdings
Statistics show that in September, the major shareholders from over 40 listed companies increased their holdings, and their total increasing volume for holdings is over 1600 million yuan.
Approval of China Unicom Asset Reorganization
Today, China Unicom made an announcement that the major asset restructuring issues of company had been approved by Securities Regulatory Commission.
Notice from Yangtze Power
Yangtze Power released the notice on 2008 electricity generated completion in first three quarters.
ZhongGin Seats and Business Department Sells 200 Million Yuan in Two Days
In recent two trading days, the block trades in Shanghai and Shenzhen Stock Exchange are quick popular, so the two market reached 34 deals of total transaction volume; among which ZhongGin becomes the greatest seller and sells 200 million yuan in two days.
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Measures from American Federal Reserve，other Five Central Banks and other Places
American Federal Reserve and other five central banks issued a joint statement to urgently reduce the 50 basis points of benchmark interest rates. The day before, Australia firstly claimed to reduce 100 basis points of benchmark interest rates. Hong Kong China also claimed to adjust rate of discount, which actually realized the 100 basis points reduction.
UK Government spent 50 Billion Pounds to rescue the Market
The UK Government issued the formal rescue project on banking industry that the government would use 50 billion pounds to purchase the shares from eight major banks and prepare at least 200 billion pounds as spare loan capital, which would provide the short-term loans to banks and housing lenders.
Japan Provides 20 Billion USD Loan
Central Bank of Japan on Oct.7 provided 20 billion USD loan to financial institutions by inviting public bidding, the lowest interest rate of bid was 1.390 percent.
Russia provides 950 Billion Rubles Loan
Russian President Medvedev on Oct.7 said that the government would provide 950 billion rubles loan, and the period would not be less than 5 years.
Claim from Indonesian President
Indonesian President Susilo Bambang Yudhoyono said that he would promulgate special order to ask the government departments to support the economic growth so as to release a plan on stimulating domestic consumption.
Measures from Brazil Central Bank
Brazilian Central Bank on Oct.7 expressed that they would provide 2050 million USD for U.S. dollar transactions in order to increase liquidity in the foreign exchange market. Brazilian Central Bank President Henrique Meirelles said that Brazil had over 200 billion USD foreign exchange reserves. As long as it is necessary, the central bank would surely intervene to rescue the market.
Iceland Government fully involves and controls the Operation of Financial Institutions
Iceland Parliament passed a Bill of emergency with immediate effect that the Government of Iceland would fully involve and control the operation of financial institutions.
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eBay announced to dismiss 10% of Global Employees
Yesterday, eBay announced to dismiss 10% of global employees, which was expected to affect 1,000 employees and hundreds of temporary workers. eBay Chinese company told reporters that the layoffs would involve the Chinese employees, but there would not have too much influence.
Volvo Car Corporation announced to dismiss 3,300 People
Volvo Car Corporation announced on October 8, 2008 that they would dismiss 3,300 employees in global range so as to the face the continuing sluggish sales and the negative impact from the loss.
Hewlett-Packard announced to dismiss 1,400 employees in Germany
According to foreign media reports, Hewlett-Packard announced on Monday that they would have 1400 layoffs within future two years, most of the layoffs would be from EDS. In detail, 1150 layoffs would be from EDS which just purchased by HP, while the rest 250 would be the employees from Hewlett-Packard.
Taiwan richest man: Guo Taiming (Terry Guo) plans to lay off 15%
Guo Taiming (Terry Guo) plans to lay off 15% employees, so 70 thousand employees from Mainland will meet temporary difficulties. It is reported that Guo Taiming (Terry Guo) said: “If the global economy has further deterioration, Hon Hai Group will laid off 10% -15% of employees at the end of this year.”
Chen Tianqiao promises not to lay off the Employees and reduce the Salary
The news on Oct.7 was reported that chairman of Grand Network, Chen Tiaoqiao promised not to lay off the employees and reduce the salaries.
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