Wall Street posted a fourth day on Friday rise as the US existing home sales data gave investors more confidence that it is the end of the recession. For the week The Dow Jones Industrial Average gained almost 2 per cent, while the Standard & Poor's 500 index added 2.2%.
Yesterday, the Australian stocks closed lower led by weakness in mining and energy sectors following the drop in oil prices. The benchmark S&P/ASX200 index lost 44.5 points, or 1.16 per cent, to 3,783.7 points, while the broader All Ordinaries index was 42.4 points, or 1.11 per cent lower, to 3,784.2 points. Analysts expect the market remains low trading volume as the investors were nervous ahead of the reporting season.
Xtep International (HKG:1368)(PINK:XTEPY) is one of the fastest growing sport brand in China. With over 5500 retailers sprawl across China, Xtep is a true market leader in shaping the sportswear and youth fashion landscape.
China Chongqing Global Sourcing Fair, which is organized by Ministry of Commerce of People's Republic of China and Chongqing Municipal Government, has been successfully held for 5 years and boasts increasingly global influence. In 2008, China Chongqing Global Sourcing Fair will be held from May 22nd to 25th 2008 at Chongqing international convention and exhibition center.
Concept Sports Limited (ASX: CCS) (the Company) is pleased to announce that it has acquired the remaining 50% shareholding in Kea Designer Sportswear (UK) Limited from Cooneen Textiles Ltd for £320,000. The Company now owns 100% of the share capital in Kea Designer Sportswear (UK) Limited. The acquisition will be funded predominantly out of future cash flows.
Under the leadership of the Beijing 2008 Organizing Committee (BOCOG), Atos Origin, the Worldwide IT Partner for the Olympic Games, today announced it has completed the IT system architecture for the Beijing 2008 Olympic Games on schedule.
Another strong men's and women's line-up has been announced for the second leg of The Standard Chartered Greatest Race on Earth (GROE) 2006/07, the Singapore Marathon, which will take place on 3 December. With teams separated by the tightest of margins after the first leg of the series in Nairobi last month, the marathon will be crucial in determining how the largest prize pool in world athletics, US$1.5 million, is ultimately shared.
