Clipmarks | jetcloud's 'china' clips

Blackberry maker becomes Canada's most valuable company

Thu, 25 Oct 2007 05:28:30 GMT

clipped by: jetcloud
clipper's remarks: " Earlier in 2005, Manulife Financial held the top spot in Canada's big companies list. It is now in third place, with a market capitalization of 62.28 billion Canadian dollars (62.3 billion U.S. dollars

Nortel Networks was the country's most valuable company during the tech boom of 1999-2000. Its market capitalization reached 400 billion Canadian dollars (400 billion U.S. dollars) in 2000, making up 36 percent of the entire worth of Toronto's benchmark index at the time. It is now worth less than 7 billion Canadian dollars (7 billion U.S. dollars). "

Clip Source: news.xinhuanet.com

OTTAWA, Oct. 24 (Xinhua) -- Research in Motion (RIM), the digital company which has produced the well-known wireless handheld e-mail device Blackberry, has become the most valuable company in Canada, local media reported on Wednesday.

RIM's market capitalization reached 68.56 billion Canadian dollars (68.7 billion U.S. dollars) at the Toronto stock market (TSX) Wednesday morning, surpassing long-time front-runner Royal Bank of Canada (RBC), which stood at 68.23 billion Canadian dollars (68.3 billion U.S. dollars).

RIM took the top spot thanks to a huge run up in its share price Tuesday, followed by the news it had reached an agreement with Alcatel-Lucent for selling its Blackberry wireless device in China. So far this year, RIM's shares have risen by almost 150 percent onthe TSX.

The shares of RBC, who had held the market-cap top spot for two years, have fallen about 5 percent this year.

Tags: blackberry, research in motion, canada, china

Submarine cable directly linking China, U.S.

Tue, 23 Oct 2007 10:45:13 GMT

clipped by: jetcloud

Clip Source: english.people.com.cn

The main body of a new submarine fiber cable system, called the Trans-Pacific Express (TPE), kicked off its construction at sea in Qingdao, a coastal city in east China, on Monday.

The new cable, the first to directly link the United States and China by skipping over Japan, is expected to be put into use in July next year before the opening of the Beijing Olympic Games on August 8.

It would become the submarine fiber cable with the largest capacity and the longest span for China, linking the Chinese mainland with Taiwan, the Republic of Korea (ROK) and the United States.

The TPE would use the latest optical technologies to provider greater capacity and higher speeds to meet the rapid increase in demand for IP, data and voice communications between the Asian regions and the U.S.

The initial installed capacity of the TPE is set at 1.28 terabits per second and its design capacity could reach 5.12 terabits per second.

five billion people worldwide to watch the Beijing Olympics on TVs in 2008

Tags: china, u.s., fiber cable

Burma's Oppression Linked to China

Wed, 10 Oct 2007 01:00:37 GMT

clipped by: jetcloud
clipper's remarks: Boycott of the Beijing Olympics

Clip Source: www.parish-without-borders.net

We are very close to the situation developing in Burma, not just geographically but through friends and colleagues who are working there. The oppression by the military in Burma could not continue without the support of China. China is Burma's biggest trading partner because China wants Burma's natural resources and also a land corridor to the Andaman Sea and Indian Ocean.

Several groups have spoken out in favor of a boycott of the Beijing Olympics in 2008 for a variety of reasons. One such organization is Reporters without Borders which monitors the restraints on journalism in China and the arrest and imprisonment of reporters there.

Perhaps it is time for other groups to push for a Beijing boycott to put pressure on China to live up to its international obligations and stop support for tyranny and oppression in Burma.

Tags: burma, china, oppression, boycott beijing

Chinese city stews over rising cost of beef noodles

Sun, 29 Jul 2007 14:41:24 GMT

clipped by: jetcloud
clipper's remarks: "Food prices worldwide have risen 23% in the last 18 months, according to the
International Monetary Fund, partly because of soaring demand for corn to make
ethanol."

Clip Source: www.latimes.com

A global surge in food prices hits the popular dish.

In China, meat and poultry prices have increased 20% from a year earlier; eggs are up 28%. Besides higher grain prices, an outbreak of "blue ear disease" at pig farms cut into pork supplies, while growing incomes continue to bolster demand for meat, particularly along China's prosperous east coast.

Even the price of cheap instant noodles is up; Chinese media said this week that it would rise this week 20% to 40%, in part because the cost of palm oil, a major ingredient, had nearly doubled in the last year. Palm oil prices have been driven up by rising demand for biofuel in Europe and strong demand from food sectors in countries such as fast-growing India.

Beef noodle maker Wei De, 50, is also feeling the pinch. His biggest cost, beef, has jumped more than 20% in the last few months, to $1.30 a pound, and butchers won't throw in bones for free anymore.

Price surge

Tags: food