BEIJING: China’ largest company, Ali Baba.com providing business information through Internet was seen making 100 percent annual profit at a time when the markets all across the world were in the grip of deep depression.Ali Baba.com said that the company posted profit of Yuan780.2 million in the third quarter of the current year, which as compared to the same period last year remained higher by 37 percent and as against second quarter higher by over 6 percent. Company’s CEO said that despite depression in the global market, Ali Baba.com was growing and during January-September, the company’s profit was recorded at 100 percent.
Sunday, February 28, 2010 HAVANA: Hundreds of wealthy merchants and cigar aficionados from all parts of the world gathered in Havana this week to bid high stakes for humidors full of premium cigars. Cuba's annual Habanos festival ended on Friday night with an auction of ornate humidors of cedar and mahogany stacked with hand-rolled stogies that raised 800,000 euros ($1.09 million dollars). Habanos S.A. executives this month said cigar sales fell 8 percent to $360 million in 2009, so they have created the Julieta, a smaller, milder version of the Romeo y Julieta cigar, aimed specifically at female smokers. Women now make up only 5 to 10 percent of customers for Habanos. But even with the creation of the Julieta, Garcia said Habanos has only modest hopes for 2010 sales, due largely to a weak economy in Spain, the biggest market for Cuban cigars. The flavor of premium tobacco relies on the soil and climate in which it is grown. The western province of Pinar Del Rio, famous fo...
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