Sunday, September 27, 2009
Hosting reliability and uptime
Many providers tie uptime and accessibility into their own service level agreement (SLA). SLAs sometimes include refunds or reduced costs if performance goals are not met.
Web hosting service
Wednesday, September 9, 2009
China Mobile
Bank of China
Industrial and Commercial Bank of China
It was founded as a limited company on January 1, 1984. As of 2009, it had assets of RMB trillion (US$1.6 trillion), with over 18,000 outlets including 106 overseas branches and agents globally.In July 2007, with a market capitalization of US$254 billion, it became the world's most valuable bank after a surge in its share price, overtaking Citigroup.
Hong Kong Stock Exchange
Economy of the People's Republic of China
1997 Asian Financial Crisis
The crisis started in Thailand with the financial collapse of the Thai baht caused by the decision of the Thai government to float the baht, cutting its peg to the USD, after exhaustive efforts to support it in the face of a severe financial overextension that was in part real estate driven. At the time, Thailand had acquired a burden of foreign debt that made the country effectively bankrupt even before the collapse of its currency. As the crisis spread, most of Southeast Asia and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt.
Though there has been general agreement on the existence of a crisis and its consequences, what is less clear is the causes of the crisis, as well as its scope and resolution. Indonesia, South Korea and Thailand were the countries most affected by the crisis. Hong Kong, Malaysia, Laos and the Philippines were also hurt by the slump. The People's Republic of China, India, Taiwan, Singapore, Brunei and Vietnam were less affected, although all suffered from a loss of demand and confidence throughout the region.
Foreign debt-to-GDP ratios rose from 100% to 167% in the four large ASEAN economies in 1993-96, then shot up beyond 180% during the worst of the crisis. In South Korea, the ratios rose from 13-21% and then as high as 40%, while the other Northern NICs (Newly Industrialized Countries) fared much better. Only in Thailand and South Korea did debt service-to-exports ratios rise.
Although most of the governments of Asia had seemingly sound fiscal policies, the International Monetary Fund (IMF) stepped in to initiate a $40 billion program to stabilize the currencies of South Korea, Thailand, and Indonesia, economies particularly hard hit by the crisis. The efforts to stem a global economic crisis did little to stabilize the domestic situation in Indonesia, however. After 30 years in power, President Suharto was forced to step down in May 1998 in the wake of widespread rioting that followed sharp price increases caused by a drastic devaluation of the rupiah. The effects of the crisis lingered through 1998. In the Philippines growth dropped to virtually zero in 1998. Only Singapore and Taiwan proved relatively insulated from the shock, but both suffered serious hits in passing, the former more so due to its size and geographical location between Malaysia and Indonesia. By 1999, however, analysts saw signs that the economies of Asia were beginning to recover.
aisian markets
Asian markets end broadly higher Tuesday
Asian markets ended broadly higher Tuesday as positive investor sentiment spurred on bargain hunting in most markets, dealers said.
TOKYO | Nikkei-225 | 17,292.91 | -40.40 |
SHANGHAI | Composite | 1,329.80 | +10.33 |
HONG KONG | Hang Seng | 16,100.09 | +36.34 |
SEOUL | Composite | 1,385.64 | +5.89 |
TAIPEI | Weighted | 6,665.60 | +4.84 |
SYDNEY | All Ordinaries | 5,116.30 | -16.80 |
KUALA LUMPUR | KLSE | 931.17 | +2.94 |
SINGAPORE | STI | 2,532.59 | -16.09 |
JAKARTA | Composite | 1,326.448 | -2.865 |
BANGKOK | SET | 745.33 | +6.66 |
MANILA | Composite | 2,194.20 | +4.43 |
Japan
Tokyo stocks closed 0.23% lower Tuesday, as investors favoured profit taking following the market's recent gains, brokers said. The Nikkei-225 index shed 40.40 points to close at 17,292.91.
China
Chinese stocks edged up 0.78% Tuesday on continued buying support for bluechips, brokers said. The Shanghai Composite Index increased 10.33 points to close at 1,329.80.
Hong Kong
Hong Kong stocks advanced 0.23% Tuesday, with investors continuing to buy selected bluechips, brokers said. The Hang Seng Index added 36.34 points to finish at 16,100.09.
South Korea
South Korean stocks closed 0.42% higher Tuesday, as foreign investors scooped up tech shares, brokers said. The benchmark Korea Composite Stock Price Index (KOSPI) rose 5.89 points to 1,385.64, extending its winning streak to a ninth session.
Taiwan
Share prices on the Taiwan Stock Exchange ended flat Tuesday, as profit-taking in selected blue-chips capped early gains, dealers said. The weighted index, the market's key barometer, rose 4.84 points to close at 6,665.6.
Australia
The Australian stock market closed 0.35% weaker by the end of the day as an early strong lead built up by the major miners was diminished by profit-taking. At the 1615 AEST close the benchmark S&P/ASX200 was down 18 points to 5162.5 points after reaching an intraday high of 5217.5 points. The all ordinaries had lost 16.8 points to 5116.3 points by the finish.
Malaysia
The Malaysian stock market closed 0.32% stronger Tuesday, pushed up by bargain-hunting in mining and consumer product stocks, dealers said. The Kuala Lumpur Composite Index rose 2.94 points to 931.17.
Singapore
Singapore stocks ended 0.63% weaker Tuesday as investors locked in profits following recent gains, dealers said. The Straits Times Index dropped 16.09 points to 2,532.59.
Indonesia
The Jakarta stock market closed 0.22% lower Tuesday as investors took profits in Telkom shares, dealers said. The composite price index lost 2.865 points to 1,326.448.
Thailand
Thai stock prices ended 0.90% stronger Tuesday amid speculation the Prime Minister might heed pressure to resign, dealers said. The Stock Exchange of Thailand (SET) composite index added 6.66 points at 745.33, while the bluechip SET 50 index climbed 5.93 points to 518.57.
Philippines
Philippine shares gained 0.20% Tuesday, thanks to investor bargain-hunting in blue chip Philippine Long Distance Telephone, brokers said. The composite index rose 4.43 points to end at 2,194.20.