The new firm dubbed by Chinese media CIC 2
The new firm, dubbed by Chinese media "CIC 2.0" in referenceto the country's $200 billion sovereign wealth fund, ChinaInvestment Corp (CIC), will not invest abroad but focus purelyon domestic industry consolidation, said the sources, whodeclined to be identified due to the sensitive nature of thematter. In the future, the new firm led by SASAC will act as amanager of certain state companies after restructuring workwhile SASAC itself will focus on regulatory and supervisionmatters, the sources said. A SASAC official declined to comment, while the financeministry spokesman could not be immediately reached for comment. ($1=6.83 yuan) (Reporting by George Chen, Editing by Jacqueline Wong) Private Capital China. Following a meeting of the World Motor Sport Council in Paris this week, the FIA are looking at introducing a new feeder series to Formula 1, seen as a low-cost way of breeding new talent to move up to Formula 1. The series is to be called Formula 2, which seems an obvious name for it, given that it is to be the second tier in the hierarchy, but it’s not really something new. There used to be a Formula 2 until it was replaced back in 1985 by Formula 3000, which was in turn replaced by the GP2 Series back in 2005, but the FIA feel that a new series is needed, and if everything goes well, they hope for the first season to be 2009.GP2 has served its purpose as a feeder series in its short history.
A feeder series it might be, but away from the glamour of the F1 world. If the FIA lose Ecclestone, they will not only lose F1, but GP2 as well, potentially leaving them with a number of independent teams, or worse no teams at all.With a feeder series to F1 in place, should a breakaway take place, the FIA feeder series, could become the new equivalent to the current F1 series, in competition with the breakaway series.. NEW YORK--(Business Wire)--Reportlinker announces that a new market research report is available in itscatalogue. Les Laboratoires Servier: PharmaVitae Profile http:// analysis examines the historical and forecast performance for Servier inthe prescription pharmaceutical sector.
The profile encompasses global companystrategy, portfolio and pipeline analysis and assessment of financialperformance, with 1-6 year sales forecasts for key drugs. An interactiveforecasting and analysis tool provides continually updated quantitative andqualitative information. Reasons to Purchase *Benchmark Servier's performance against key rivals in the prescriptionpharmaceutical sector *Learn how, Coversyl, the company's biggest growth driver over 2001 to 2007 willbecome its biggest growth resistor during the forecast period *See how Servier's strong position in the French generics industry will becomeincreasingly strategically important CHAPTER 1 ABOUT THIS PROFILE 2Executive summary 2Quarterly news update 2Company introduction 2Company sales 2Company financials 2Key products and competitors 3Data sourcing 3Sales data 3Analyst consensus 3CHAPTER 2 EXECUTIVE SUMMARY 4Key findings 4Prescription pharmaceutical sales performance, 2001-13 5Servier: PharmaVitae forecasts at a glance 6Strategic insight 7Focussed player 71) Small molecule portfolio.. 72) ... If this is not just some loathsome trick or simply a piece of idle gossip, I will certainly have to make some sort of protest to Dana White!In reading an article on the Couch Potato site I learned that "allegedly" Jesse Taylor the same bad boy who kicked out a limousine window, staggered into a Vegas nightspot, terrorized women at a bar and yelled at security guards that "he was the f'n Champion of the UFC Tuf series."Please Mr. "I really threw the book at this kid" Dana White, tell me this can not be true?How slowly Mr. SEOUL (Reuters Life!) - Architect Rem Koolhaas, renowned for his striking designs and musings on cities, believes the global economic downturn will lead to less ostentatious, more "socially responsible" buildings that better serve the public. LifestyleThe Dutch architect, whose firm designed the gravity-defying CCTV Headquarters in Beijing, Casa de Musica in Portugal and the Seattle Central Library, said more emphasis will now be placed on the efficient use of space during these lean times."The last 10 years have been noteworthy for the excess in the private sector," Koolhaas told Reuters at the opening of a sleek temporary exhibit hall he and his Office for Metropolitan Architecture designed for fashion house Prada in Seoul."What we are going to see is a return to the public sector.
This is a healthy thing," he said on Wednesday.The Prada Transformer structure, located next to an ancient palace in central Seoul, will open on Saturday with a fashion display.The tetrahedron-shaped steel building, covered in a translucent white skin, is designed to be lifted by cranes and rotated so that it can best use each of its differently designed sides to show movies, host fashion shows or hold art exhibits.Koolhaas said the building provides a bit of lightness -- constructed at a reasonable costs -- that is needed during an economic downturn.Prada would not provide the amount it paid to construct the building.(Editing by Miral Fahmy) Lifestyle. * Can no longer justify the cost of listing * Offers to buy back shares at 2.5 pence/share * Shares plummet 53 percent * Bingo operator Top Ten Holdings also to delist (Adds details) LONDON, April 22 (Reuters) - Fund manager ACMH Ltd ACMH.Lsaid on Wednesday it planned to delist its shares from London'sAlternative Investment Market (AIM) as it can no longer justifythe costs. ACMH, formerly Absolute Capital Management Holdings Ltd,said there was no longer an advantage to maintaining a listingon AIM, citing its reduced size and probable inability to raisemoney through a share issue. The company said it would make a tender offer to buy backits shares at a price of 2.5 pence apiece, the averagemid-market price over the last 30 days. Shares closed on Tuesdayat 4.25 pence but fell to 2.1 pence in early trade on Wednesdayfollowing the announcement.
ACMH said business was adversely affected by the suddenresignation of its former Chief Investment Officer Florian Hommin Sept. 2007, and the subsequent discovery that several fundshad assets which could not be sold for their carrying values. It joins an increasing number of companies who havecancelled their listings on AIM as the ongoing credit crisis hasdried up liquidity In March a total of 37 companies delisted. Bingo operator Top Ten Holdings Plc TTHU.L also announcedon Wednesday it would delist from AIM in order to save costs asit reached an agreement with its banks that it said would enableit to continue trading. Top Ten shares were down 46 percent at 0.5 pence at 08:43GMT.. The much talked about Russian team came crashing back to earth on a damp in Vienna as Spain comfortably beat them 3-0 to set up an interesting Euro 2008 final with Germany on Sunday.Spain, who were led by an inspired performance by Cesc Fabregas, scored three second-half goals to reach the final for the first time in 24 years.“This team is already making history, but we can do even more,” striker Fernando Torres said. “We’re proud of reaching the final, and against Germany on top of it all, which is a great rival.”Spain will face Germany on Sunday without the tournament’s leading scorer, David Villa, who pulled a muscle in the first half against Russia and was replaced by Fabregas.Sunday’s final shapes up to be a good one, as both teams can score goals and neither defense is overly strong.The German full-backs were run ragged by the Turks on Wednesday, and this has to be an area that Spain will look to exploit.