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PetroChina sees lowest profit in 5 years

PETROCHINA, the biggest oil and gas producer in China, said yesterday that it posted the lowest annual profit in five years in 2014 as earnings shrank in tandem with falling crude oil prices. The company’s ...

Ji Xiang | March 27, 2015, Friday


Love for pork may propel China to be top importer of British pork

China’s love for all things pork could soon make the country the top importer of British pork, dethroning Germany, just four years after it opened its doors to pork imports from the UK. Chinese demand ...

March 27, 2015, Friday


Adidas to grow sales and profit quickly

Adidas plans to speed up production and allow shoppers to customize more shoes and clothes, aiming to accelerate sales and profit growth over the next five years. The world’s second-biggest sportswear ...

March 27, 2015, Friday


‘One Road, One Belt’ scheme lifts sentiment

Shanghai stocks rose yesterday as investors were eagerly expecting more details of the “One Belt, One Road” initiative during the Boao Forum....

Ji Xiang | March 27, 2015, Friday


Mainland bourses rank top for IPOs

THE Shanghai and Shenzhen stock exchanges were ranked joint first in the number of initial public offerings globally in the first quarter as the Chinese securities regulator quickened approvals of new ...

Vera Ye | March 27, 2015, Friday


Lufax sells stakes to overseas investors

SHANGHAI-BASED online lending platform Lufax.com has sold stakes worth 3 billion yuan (US$483 million) in a private placement to overseas investors, the company’s chairman said yesterday. The shares were ...

Leng Cheng | March 27, 2015, Friday

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Japan still feels uncertain on joining in AIIB

After South Korea seeks to be the founding member of the Asia Infrastructure Investment Bank, Japan said on Friday it remains cautious about joining in the China-led bank. “It’s important for the members ...

Leng Cheng | March 27, 2015, Friday


China's industrial profits down 4.2% for Jan.-Feb.

Profits of Chinese industrial businesses hit 745.24 billion yuan (US$121.5 billion) in the first two months of 2015, down 4.2 percent year on year, official data showed on Friday. The figure narrowed ...

March 27, 2015, Friday


Deal for 30 B787s

HAINAN Airlines yesterday said it is planning to buy 30 Dreamliner aircraft from Boeing, worth almost US$8 billion at list prices, as it seeks to expand its long-haul service. The 30 Boeing 787-9 Dreamliners ...

March 27, 2015, Friday


Another US ally seeking to join China-led bank

SOUTH Korea says it is seeking to be a founding member of the Asian Infrastructure Investment Bank, another key US ally joining the China-led institution despite Washington’s misgivings. South Korea’s ...

March 27, 2015, Friday


AkzoNobel optimistic

AKZONOBEL, which makes specialty chemicals, paints and coatings, is optimistic growing Chinese demand for environmentally-friendly brands will help boost sales in the Dutch firm’s second-largest market. ...

March 27, 2015, Friday


Cutting-edge chip

A Chinese state firm has successfully invented a cutting-edge chip for data transmission in telecommunication. Centec Networks under the China Electronics Corp unveiled the fourth-generation GoldenGate ...

March 27, 2015, Friday


Coolpad’s profitability surges 48%

SMARTPHONE maker Coolpad yesterday said its net profit surged nearly 48 percent in 2014 as it sold more devices and expanded into e-commerce. Hong Kong-listed Coolpad earned a net profit of HK$514 million ...

Zhu Shenshen | March 27, 2015, Friday


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