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Fernbach and IBM Partner for IFRS in China |
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Wednesday, 27 August 2008 |
Fernbach, a provider of solutions for international financial reporting standards (IFRS) accounting and enterprise-wide value and risk management, has signed a partnership agreement with IBM China to introduce Fernbach's FlexFinance IFRS software to banks in China.
FlexFinance IFRS is a standard compliant solution for double entry bookkeeping, which enables banks to implement IFRS compliant accounting processes. [...]
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GL Trade Adds Connectivity to Australia's New Financial & Energy Exchange |
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Wednesday, 27 August 2008 |
GL Trade has added application service provider (ASP) connectivity to Australia's Financial & Energy Exchange (FEX) via an agreement with the exchange. Under this agreement, GL Trade's clients will be able to trade FEX products through the GL Connect ASP service once the FEX market gateway development is completed in the third quarter of 2008.
According [...]
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Liquidnet Reaches 100 Member Milestone for Asia Pacific |
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Wednesday, 27 August 2008 |
Global agency broker Liquidnet has announced that it has passed the 100 member milestone for its Asia Pacific equities service. The milestone was reached with the addition of Australian institutional fund manager Challenger Financial Services Group and Axa Rosenberg Investment Management (Japan), who became the 100th and 101st member respectively.
Liquidnet launched its Asian operations on [...]
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Asian Markets Finish Mixed |
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Wednesday, 27 August 2008 |
Asian markets ended mixed. Property shares led Tokyo stocks lower, but strong earnings from China mobile lifted Hong Kong's index.
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Market remains weak as airlines drop |
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Wednesday, 27 August 2008 |
SHANGHAI'S key stock index fell today as airline carriers slumped after Air China reported an operating loss in the first half.
The Shanghai Composite Index declined 0.34 percent, or 7.93 points, to 2,342.15 at...
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Bank of China: Terror allegations 'unfounded' |
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Wednesday, 27 August 2008 |
BANK of China today dismissed allegations that it helped terrorist groups by transferring millions of dollars and said the accusations are "sheer nonsense" and are "completely unfounded."
The bank has always "strictly"...
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China Wireless Pulled Into HK$50M Loss By CDMA Restructuring |
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Wednesday, 27 August 2008 |
China Wireless Technologies Limited (2369.HK) saw net profit fall from HK$124.6 million in the first half of 2007 to a HK$49.3 million loss in the first six months of 2008. Consolidated revenues were down 41.5% year-on-year to HK$441.3 million.
Yulong Computer Telecommunications Scientific, an indirect...
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China Wireless Reports HK$50M Loss From CDMA Restructuring |
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Wednesday, 27 August 2008 |
China Wireless Technologies Limited (2369.HK) saw net profit fall from HK$124.6 million in the first half of 2007 to a HK$49.3 million loss in the first six months of 2008. Consolidated revenues were down 41.5% year-on-year to HK$441.3 million.
Yulong Computer Telecommunications Scientific, an indirect...
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Shanghai index declines at midday as airlines slump |
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Wednesday, 27 August 2008 |
SHANGHAI'S key stock index fell in the morning session today as airline carriers slumped after Air China reported an operating loss in the first half.
The Shanghai Composite Index declined 1.27 percent, or 29.76...
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Pacific Online Profit Sinks To RMB 8M In H1 |
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Wednesday, 27 August 2008 |
Guangdong-based website operator Pacific Online Limited (543.HK) reported net profit of RMB 8.3 million, down from RMB 39.9 million in the year ago period, for the first half of 2008. Revenues were up 38% year-in-year to RMB 129.8 million. The company's IT and automobile portals, PConline and PCauto,...
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eLong Books $3M Q2 Loss, Next Quarter Guidance Flat |
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Wednesday, 27 August 2008 |
Chinese online travel services provider eLong (Nasdaq: LONG) recorded a net loss of $2.95 million (RMB 20.25 million), compared to a RMB 1.82 million loss last year and RMB 32.59 million loss last quarter, for the second quarter of 2008. Net revenues were up 9% year-on-year to $11.8 million (RMB 80.81...
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Taiwan in drive to lure back company listings |
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Wednesday, 27 August 2008 |
The Taiwan Stock Exchange's new head says 'linking up across the Strait is so much more important' that the bourse's planned IPO will have to take a backseat
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Industry News 