International Business Opportunities

CNN Money ran a piece yesterday on the chaos that the collapse of Lehman Brothers brought to Hong Kong…

Lehman Brothers Holdings Inc. (LEH) suspended trading, investment banking and brokerage operations in Hong Kong - throwing its clients into disarray as markets fell sharply.

While Lehman plans to maintain business in its asset management arm, the Hong Kong's securities regulator, the Securities and Futures Commission, said the Lehman asset management arm couldn't pay out any of its own funds.

Lehman's bankruptcy rattled markets globally and Hong Kong's blue-chip Hang Seng Index was off 5.9% at 18,210,49 at the midday close.

© Darren On The Road

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NIIT Technologies Ltd said on Tuesday it has won a contract from Cathay Pacific Airways for the development of a warehouse operating system at its new cargo terminal in Hong Kong International Airport.
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The 2006 Shanxi (Hong Kong) Investment Attraction Fair was held in Hong Kong from July 25 to 27.
The goal was to attract investors from both home and abroad in the area of Yuncheng, the southwestern gate of North China’s Shanxi Province.

Eleven major cities and prefectures of North China’s Shanxi Province showcased their projects for overseas investment at the fair.

Zhang Maocai, secretary of the Yuncheng Committee of the Communist Party of China, told, the city has made strides in areas of agricultural processing, aluminium magnesium alloy production, precision casting, fine chemistry, modern logistics, water saving technology, disposal of garbage and sewage, as well as many advances in the cultural and tourism industries. (source)

We have already covered topics about the Dubai’s goal to become a new offshore outsourcing destination. The government of Dubai, plans to make the emirate a offshore outsourcing location by 2010.

Now, a few figures from a Newsweek article, witnessing the fast growth of Dubai as financial and commercial hub, make clear how the government’s commitment in this emirate is critical to achieve any goal in a short time.

Their city-state has been aptly described as a family conglomerate run by Sheik Mohammed as ruler and CEO. He is the visionary behind the leading enterprises in Dubai, including investment, media and hotel holding companies, as well as Emirates air. He has transformed this coastal desert into a man-made mirage of artificial islands and spiraling skyscrapers. Dubai’s economy grew more than 16 percent last year. Multinationals, including Siemens, Oracle and Dell, have set up regional bases in this city, an efficient oasis amid the strife and commercial disorder that afflict much of the Middle East.[…]

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The nurses going to work in US, will be able to take the test in many more countries other than USA.

Outside the US, such test, known as National Council Licensure Examination (NCLEX), is currently held only in London, Seoul and Hong Kong.

However, the US-based National Council of State Boards of Nursing (NCSBN), non profit organisation, whose membership includes the boards of nursing in USA, had announced last week a list of new countries where the nursing test would now be held.

The new testing sites will be located in Australia, India, Japan, Taiwan, Mexico, Canada, and Germany.