Finished an issue of BusinessWeek today. Cover story abt one of China's Big Four state-owned bank, China Construction Bank, to publicly list shares overseas, n huge amount of investors are lining up to buy a piece of the bank with US$521.8b in assets. In Taiwan, the world's No.1 semiconductor foundry, TSMC, is having a new CEO in Mr. Rick Tsai. This 54yr old engineer is succeeding Morris Chang, a 74 yr old powerful businessman; n he admits it's a very huge pair of shoes to fill. In Korea, the mobile tracking service is booming, with the Korea Association of Information & Telecommunication reckoning such services are growing by 74% annually, with revenues expected to triple in 2007, to US$1.54b, from US$500m last yr.
In European business, there's a scenario of "one hand on 2 steering wheels", with Porsche�s bid to control Volkswagen-both its rival n its partner, as they had bought in 18.54% of VW, VW's 2nd biggest shareholder. News in the US, Marlboro juz turned 50 this yr, n it still holds 40% of the cigarette market, the biggest, all thanks to buzz marketing. Lastly on the medical field, a new company named Conor Medsystems is trying to crash the "stent party" by taking on Goliaths in the market such as Johnson & Johnson n Boston Scientific. Physicians are keeping a close eye on Conor's product, noting that although their stent's rate of restenosis is abt the same as existing stents on the market, some doctors say Conor's is easier to implant n may prove safer n more effective.(Cool, a new player always adds on the spark)
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