2009年1月29日星期四

Norway announces fiscal measures

The stimulus package amounts to 20 billion kroner (2.88 billion U.S. dollars). It consists of 16.75 billion kroner (2.41 billion dollars) in an increase in budget expenditures and 3.25 billion kroner (467 million dollars) in tax relief for the business sector, the Norwegian government said in a statement posted on its website.
"This is the most ambitious fiscal stimulus proposed in more than 30 years to boost growth and employment," Finance Minister Kristin Halvorsen and said in the statement.
The measures are aimed at addressing the emerging problems in the Norwegian labor market. It is vital to ensure that the measures we implement are targeted, temporary and will contribute to sustainable growth, Kristin Halvorsen added.

2009年1月22日星期四

China Life 2008 net down

China Life didn't give a net profit figure, but its net profit for 2007 was 28.1 billion yuan (4.1 billion U.S. dollars), or 0.99yuan per share.
Listed companies in China must issue unaudited statements under three conditions: if profits fall more than 50 percent, if they move from a profit to a loss, or if they expect to report a loss regardless of the previous comparable period results.
Audited 2008 annual results are due on March 26.
The profit slump mainly reflected sharp declines in domestic equity returns, tougher competition in the insurance market and increases in compensation for disaster-related claims, China Life said.