Editor's Picks

Money talks

Business
2009-11-21

Visitors consult exhibitors about financial knowledge at the 2009 Money Fair International Exposition, which opened yesterday at Shanghai Exhibition C...

---

Gold demand sparkles in Q3

Business | Precious metals and gems
2009-11-21

CHINA'S retail demand for gold rose to a record high in the third quarter on a stronger economic growth, an industry report said. The outlook for the fourth quarter depends largely on gold prices. If gold prices...

---

Few loans on low interest rates

Business | Banking
2009-11-21

LOW interest rates, especially the deposit rate, would discourage financial institutions from providing adequate financing to the real economy, Zhou Xiaochuan, governor of the People's Bank of China, said yesterday. ...

---

Auto sector tax income rises on output and sales

Business | Accounting, auditing and taxation
2009-11-21

TAX revenue from the automobile industry in China surged in the first 10 months of this year as auto production and sales boomed in the world's largest market, the State Administration of Taxation said yesterday. ...

---

VW and Porsche drive nearer to merger

Business | Automobile
2009-11-21

GERMAN auto maker Volkswagen AG yesterday said its supervisory board had approved certain agreement contracts for the planned merger with German sports car builder Porsche, taking them one step closer to completing...

ECB head favors exit of some measures

Business | Macro-economy and policy
2009-11-21

ALTHOUGH it is too early to say the crisis is over, it is time to withdraw some of the policy measures that supported the financial system through the credit crunch, the European Central Bank President Jean-Claude...

Good News On Shoes

Business | Light industry
2009-11-21

CHINA said yesterday it welcomed a decision by a European Union trade panel to reject an extension of dumping duties on Chinese shoes, saying it was a mark of the EU's commitment to free trade. The EU's anti-dumping...

more stories

Oil prices drop below US$77 on economic doubt

Business | Energy
2009-11-21

OIL prices fell below US$77 a barrel yesterday on a stronger dollar and amid concern about the strength of the global economic recovery. Benchmark crude gave up 74 cents to settle at US$76.72 a barrel on the last...

---

Stocks fall for 3rd day as dollar strengthens

Business | Securities
2009-11-21

THE stock market ended a down week yesterday with light selling as investors grew uneasy about a rising dollar and spiking demand for the safest government debt. After two strong weeks, investors tried unsuccessfully...

---

China tries to stop WTO action on export tussle

Business | Foreign trade
2009-11-21

CHINA has earned a temporary reprieve by rejecting requests from the United States, the European Union and Mexico for a World Trade Organization panel to investigate alleged Chinese restrictions on exports of raw materials. ...

---

Spending on 3G expected to fall in 2010

Business | Information industry
2009-11-21

SPENDING on Chinese mobile communications infrastructure is expected to peak this year and will decline in the following years, a United States-based research firm said yesterday. This year, investment in wireless...

---

Huarong tries to solve US$46b bond obligation

Business | Asset management/M&A
2009-11-21

HUARONG Asset Management Co, which manages billions of dollars of bad debt spun off from the Industrial and Commercial Bank of China in the 1990s, is still working on a plan to address a massive bond obligation that...

---

Luxury US project lures rich Chinese

Business | Real estate
2009-11-21

MILLENIUM Tower, an ultra-luxury residential project in San Francisco launched its China marketing campaign yesterday in Shanghai to tap the country's rapidly-growing wealthy segment. The 197-meter, 60-story tower,...

---

Index dips on weak banks and oil firms

Business | Securities
2009-11-21

SHANGHAI stocks dropped for the first time in six days yesterday due to a weak performance of banks and oil producers in a flat market ahead of the weekend. The benchmark Shanghai Composite Index dipped 0.37 percent,...

---

CNPC and Sudan to cooperate on refining

Business | Energy
2009-11-21

CHINA'S largest oil and gas company said it has signed a memorandum of understanding with Sudan to strengthen cooperation in oil refining. China National Petroleum Corp, the parent of PetroChina Co, sealed the...

---

Firm seals wine deals to tap growing demand

Business | Securities
2009-11-21

SHENZHEN-BASED Silver Base International Development, the largest distributor of Chinese premier spirit Wuliangye, has signed agreements with several international wineries to accelerate its entry into the wine business...

---

Banks eye financing of projects jointly

Business | Banking
2009-11-21

THE Export-Import Bank of China, one of the country's three policy lenders, and Bulgarian First Investment Bank plan to finance projects together, FIBank said yesterday. FIBank, the sixth-biggest bank in the European...

---

EU extends deadline on anti-trust review

Business | Information industry
2009-11-21

EUROPEAN Union regulators said yesterday that they have extended until January 27 a deadline to wrap up their antitrust review of Oracle Corp's planned US$7.4-billion takeover of Sun Microsystems Inc. The European...

---

Eco-friendly cars to drive into spotlight at Guangzhou show

Business | Automobile
2009-11-21

CAR makers are gearing up to finalize their preparations for this year's Guangzhou auto show to display their eco-friendly new models as they go all out to sustain this year's booming sales. Overseas and domestic...

---

GM to unveil revamp for Opel

Business | Automobile
2009-11-21

GENERAL Motors Co has said it expects to release a full restructuring plan for its Opel and Vauxhall operations in mid December, but did not specify the amount of cuts to capacity and jobs it would seek. GM Europe...

---

Authors decry Google project

Business | Information industry
2009-11-20

GOOGLE Inc, which scanned and upload books of more than 700 Chinese writers without permission, should provide a compensation plan for writers by the end of this year, a Chinese authors' group urged today. The...

---

Market dips to close week at 3,308

Business | Securities
2009-11-20

SHANGHAI'S market dropped for the first time in six days with weak performance of banking shares and oil producers as the bourse remained flat ahead of the weekend. The benchmark Shanghai Composite Index dipped...