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Oct 29, 2013

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Rubber Advances in Tokyo Amid Optimism for Chinese Demand

Chase Franklin International Tokyo: Rubber Advances in Tokyo Amid Optimism for Chinese Demand Rubber increased amid optimism that improvement in the Chinese economy may boost demand from the world’s largest consumer. Speculation grew that China may take additional steps to sustain growth in the world’s second-biggest economy as the Communist Party will hold a summit meeting in November, said Kazuhiko Saito, an analyst at broker Fujitomi Co. in Tokyo. China’s manufacturing strengthened more than forecast this month, data from HSBC Holdings Plc and Markit Economics showed Oct. 24. “Futures were supported by optimism about Chinese demand,” he said by phone today. China’s rubber industry urged the National Development and Reform Commission to scrap a 20 percent tax on natural rubber imports, the National Business Daily reported yesterday, citing unidentified people from tire companies as saying. Crude rubber stockpiles held at Japanese warehouses fell 2.7 percent to 4,386 tons on Oct. 10, according to data today from the Rubber Trade Association of Japan. Rubber for January delivery on the Shanghai Futures Exchange rose 0.2 percent to 19,405 yuan ($3,189) a ton. Thai rubber free-on-board declined 1.3 percent to 78.15 baht ($2.51) a kilogram yesterday, according to the Rubber Research Institute of Thailand. Source link: http://www.bloombe 0-29/rubber-advanc es-in-tokyo-amid-o ptimism-for-chines e-demand.html  (Nov 3, 2013 | post #1)

Business News

JP Chase Franklin International Branch

Introduction JPMorgan Chase & Co. is one of the world’s oldest, largest and best-known financial institutions. Since our founding in New York in 1799, we have succeeded and grown by listening to our customers and meeting their needs. As a global financial services firm with operations in more than 50 countries, JPMorgan Chase & Co. combines two of the world’s premier financial brands: J.P.Morgan and Chase. The firm is a leader in investment banking; financial services for consumers, small business and commercial banking; financial transaction processing; asset management; and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients. JP Morgan Chase & Co. is built on the foundation of more than 1,000 predecessor institutions that have come together over the years to form today’s company. Our many well-known heritage banks include J.P.Morgan & Co., The Chase Manhattan Bank, Bank One; Manufacturers Hanover Trust Co., Chemical Bank, The First National Bank of Chicago and National Bank of Detroit, each closely tied in its time to innovations in finance and the growth of the United States and global economies. The pages that follow provide highlights of the JPMorgan Chase & Co. story – our history, our predecessor institutions, our people, our services and our philosophy Source Link: http://www.jpmorga te/About-JPMC/docu ment/shorthistory. pdf  (Oct 29, 2013 | post #1)