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Chinese demand propels price of Bitcoin by 30%

THE price of Bitcoin hit a two-year-high and grew about 30 percent in the past week in China due to a flood of new Chinese investors as well as a drop in supply of Bitcoins from July and an easing investment ...

Zhu Shenshen | May 31, 2016, Tuesday

Buying drive propels sales of new homes

HOME buying sentiment rose again in the last week of May as sales in the medium- to high-end segments were robust, latest data revealed yesterday. The area of new homes sold, excluding government-subsidized ...

Cherry Cao | May 31, 2016, Tuesday

Graphene better way to conduct electricity

A research team of Xi’an Jiaotong-Liverpool University has come up with a method to apply graphene in molecular form as it is a preferable alternative to conduct electricity than metals. Using graphene ...

Song Yingge | May 31, 2016, Tuesday

Boeing set for US$2.9b UK contract

BOEING Co is set to win a 2-billion-pound (US$2.92 billion) contract from the UK Ministry of Defence for new Apache helicopters, the Telegraph reported. The MoD has decided to give Boeing a 50-aircraft ...

May 31, 2016, Tuesday

IATA meeting to discuss safety, slowing demand

AIR passenger demand in April rose at its slowest rate since January 2015, weighed by the March attacks on Brussels airport and highlighting safety as one of the main challenges facing top airline executives ...

May 31, 2016, Tuesday

More News

Chrysler to recall 13,676 Cherokee SUVs

Chrysler will recall 13,676 imported vehicles on the Chinese mainland due to defective windshield wipers, the country's top quality watchdog said on Tuesday. The recall, set to begin on June 10, affects ...

May 31, 2016, Tuesday

Suspension on banks, realtors over

THE Shanghai Office of the China Banking Regulatory Commission has allowed business between commercial banks and six real estate agencies to resume after a one-month suspension in an effort to normalize ...

Leng Cheng | May 31, 2016, Tuesday

Lenders help share index to close up

SHANGHAI stocks edged up yesterday, helped by banks while transport and property shares sank as uncertainty over monetary policy clouded trading sentiment. The Shanghai Composite Index added 0.05 percent, ...

Ding Yining | May 31, 2016, Tuesday

Alibaba tells Tmall vendors to stop sales of medicine

CHINESE e-commerce firm Alibaba Group Holding Ltd has told vendors on its Tmall website to stop selling medicine, saying a local regulator has issued an “urgent” directive halting drug sales via third-party ...

May 31, 2016, Tuesday

Firm may relist in Shanghai

CHINA’S Dalian Wanda Group is offering US$4.4 billion in cash to buy out Hong Kong-listed unit Dalian Wanda Commercial Properties, part of a plan to take it private before relisting it in Shanghai where ...

May 31, 2016, Tuesday

Former Zurich Insurance CEO commits suicide

FORMER Zurich Insurance boss Martin Senn has committed suicide six months after leaving the company under a cloud, a tragedy that comes less than three years after Zurich’s finance chief took his own ...

May 31, 2016, Tuesday

Airports see busy 2015

PASSENGER numbers at China’s airports hit 915 million in 2015, up 10 percent year on year, the civil aviation authority said. Passenger traffic at airports in Beijing, Shanghai and Guangzhou accounted ...

May 31, 2016, Tuesday

Gadgets galore at fair

A model plays video games via a visual reality headset during a press conference in Taipei on the eve of the COMPUTEX computer expo in the city yesterday. Over 5,000 participants from 30 countries and regions will take part in this year’s expo from today to Saturday. ...

May 31, 2016, Tuesday

Global markets ready for rate hike

ST Louis Federal Reserve President James Bullard said yesterday global markets appear to be “well-prepared” for a summer interest rate hike from the Fed, although he did not specify a date for the policy ...

May 31, 2016, Tuesday

Stricter rules on housing prices expected

RAPID growth in home prices in Chinese cities — and particularly in higher-tier ones — could draw further regulatory tightening, Moody’s predicted yesterday. “Residential home prices for China’s 70 major ...

May 31, 2016, Tuesday


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