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Beijing cuts budget deficit forecast to 245 billion yuan
| Findory News China
International Herald Tribune: Shortfall to narrow 30 billion yuan from 2006 even as China seeks to narrow the income gap between rural residents and city dwellers and spurs domestic consumption to cut the country's reliance on exports.
Foreign-currency reserves hit US$136b
Wed, 07 Mar 2007 18:46:23 +0800 | HKSAR Government
Hong Kong's foreign-currency reserve assets amounted to US$136.3 billion at the end of February, US$2.6 billion higher than January, the Monetary Authority says.
Chinese tax change could raise bill for foreign firms by $5.5 billion
| Findory News China
International Herald Tribune: China plans to start taxing domestic and foreign businesses at the same level, 25 percent, next year, a change that would cost foreign investors $5.5 billion annually.
China Tax Hike To Hit Foreign Firms For $5.5 Billion More A Year
| Findory News China
Forbes: Due to a cut in domestic corporate taxes, Beijing expects total collections to drop $13 billion a year.
Theme of China's congress: Making economy work for 1.3 billion
| Findory News China
Yahoo News: AFP - If there is an overall theme for this year's gathering of 3,000 lawmakers in the heart of Beijing it must be the challenge of making the economy work to the benefit of all 1.3 billion Chinese.
Tue, 13 Mar 2007 20:34:01 +0800 | HKSAR Government
The Mass Transit Railway Corporation saw a 4.2% rise in turnover last year, to $9.54 billion, but profit fell 8.3% to $7.76 billion, according to its annual financial results. The final dividend was 28 cents, which when combined with the interim dividend of 14 cents, brought the full year dividend to 42 cents.
Viacom Slaps Google With $1 billion Lawsuit
Tue, 13 Mar 2007 17:14:30 +0000 | John Chow dot Com
Justin just sent me this CNN link with a Reuters story about Viacom slapping Google with a $1 billion lawsuit. That’s a lot of zeros! NEW YORK (Reuters) — Media conglomerate Viacom Inc. said Tuesday it filed a $1 billion lawsuit against Google Inc.and its Internet video sharing site YouTube over unauthorized use of its copyrighted [...]
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