Focus Media Holding Ltd, a digital advertising firm, has denied accusations by Muddy Waters that it overstated its assets, the latest U.S.-listed Chinese company to be targeted by the influential short-seller. A report from Muddy Waters said Focus Media inflated the number of its LCD screens, sending its shares down by as much as two-thirds
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Industrial turnover rose in August despite the blast in July that knocked out the main power station and led to temporary power cuts. The Statistical Service reported that the industrial turnover index for August 2011 reached 111.7 (base 2005=100), recording an increase of 2.8% compared with August 2010. The manufacturing index in August rose by
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International road transport increased by 28.3% in April-June 2011 compared with the corresponding period of 2010, according to the latest figures from the Statistical Service. However, national road transport fell by 15.2% in the same period.
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Acquisition, Conversion, Retention Most people associate online marketing directly with online advertising and pay-per-click ads or banner ads. Actually online advertising is just one of the three key activities of online marketing. The three main key activities are: -Acquisition -Conversion -Retention Online advertising is actually a method for online acquisition. The goal of online Acquisition
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Hong Kong shares fell for a fifth consecutive session on Monday, dragged lower by financial and property stocks after Chinese Vice-Premier Wang Qishan warned the global economy is in a grim state, further dampening sentiment. Turnover shrank to its lowest in a month, while continued interest in defensive sectors such as Chinese telcos and utilities,
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Cyprus received 178 million euro in EU funding in 2010 according to the official website of the European Union. It contributed 158 million euro to the EU budget and collected 35.2 million in customs and farm trade duties on behalf of the EU, of which it retained 25% as an administrative fee. Cyprus received 67
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China has confirmed to visiting U.S. officials that Beijing plans to pour $1.7 trillion into the so-called "strategic sectors" over the coming five years, the U.S. Commerce Secretary John Bryson told reporters on Monday. The confirmation of the huge sum of money, although it would likely not all come from fiscal funds, showed Beijing's ambition
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Mariano Rajoy's centre-right People's Party stormed to a crushing election victory when voters punished the outgoing Socialist government for the worst economic crisis in generations. Rajoy, who led his party to an absolute parliamentary majority in Sunday's election, is widely expected to push through drastic measures to try to prevent Spain being sucked deeper into
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Protesters demanding Egypt's ruling generals hand over power beat back a new police raid to evict them from Cairo's central Tahrir Square on Monday, witnesses said. The police fired tear gas and attacked a makeshift field hospital, while protesters broke up pavements to hurl the chunks of concrete at police. At least 12 people have
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Tobacco giant Philip Morris on Monday launched legal action against Australian laws forcing tobacco products to be sold in drab, plain packaging from late next year, and other tobacco companies said they would soon follow suit. The tough legislation cleared by parliament is being closely watched by governments considering similar moves in Europe, Canada and
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