[International Market Watch/Business Magazine( A Cm_a Venture)] 1/02/2007 11:45:00 PM

[International Market Watch/Business Magazine]

Hot News
By: Cm_a
Editor: Sarah Mulder

China is about to set a unified corporate income tax of 25% to stop countries preferential treatment to foreign firms. At present many foreign firm corporations in China are paying only 15% income tax.

China's foreign direct investment passed $54.26 billion in 2006 and $73.2 billion in 2005.
Nasdaq's attempt to take over the London stock exchange for a $5.3 million hostile bid created havoc. Nasdaq already owns 28.75% of the London Stock Exchange share. The share holders will get 1,243 pence per share.
Japanese consumers are spending less; though the economy is growing at a rate of 8 percent.
The first insurance to list on mainland, the Chinese stock market and the country's biggest insurance China Life insurance Co., set the price range at $3.6 billion Sanghai IPO.
Third world nations are thriving. Developing nations are growing faster and at twice the pace of rich nations according to a World Bank report.
Africa still suffers the highest poverty rates.
Oil prices may drop below $53/barrel after one year.
Tony Blair after red Taoism. Britain takes steps for fast growth.
Annually 75,000 new engineers and computer scientists are added to the British job market. Almost 1 million graduates coming out of British universities.
British authorities committed to remove red Taoism before they sink for good.

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Posted by International Market Watch/Business Magazine to International Market Watch/Business Magazine( A Cm_a Venture) at 1/02/2007 11:45:00 PM