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Hopes for Shanghai-HK pilot lift shares

SHANGHAI stocks gained yesterday on hopes of a capital inflow as the launch of a pilot program to connect the Shanghai and Hong Kong stock markets nears. The Shanghai Composite Index added 0....

Ye Zhen | September 2, 2014, Tuesday


Senior regulator to head Shenzhen exchange

A senior official of China’s securities regulator has been appointed to head the Shenzhen Stock Exchange. Wu Lijun replaced Chen Dongzheng as board chairman of the bourse and its Party secretary, Xiao ...

Vera Ye | September 2, 2014, Tuesday


Microsoft gets 20 days to explain

MICROSOFT Corp has been granted a 20-day deadline by a Chinese regulator to explain why it held back on its “not fully disclosed information” regarding Windows and Office suite sales. The State Administration ...

Zhu Shenshen | September 2, 2014, Tuesday


Barclays sells Spanish business for US$1.05b

BARCLAYS is selling its Spanish retail and corporate banking operations to Caixabank, the two companies said yesterday, as the British bank starts shrinking its struggling European divisions as part of ...

September 2, 2014, Tuesday


August new home price falls for 4th month

THE weak momentum in China’s real estate market continued for the fourth straight month in August though the average price of new homes fell by a slower pace, a report released yesterday by the China ...

Cherry Cao | September 2, 2014, Tuesday

More News


Hainan scores world-beating record

The interior of the Haitang Bay Duty Free Shopping Center is seen in Sanya, Hainan Province. The duty free center, which opened yesterday, has a gross floor area of 120,000 square meters and 72,000 square meters for commercial use, making it the world’s largest of its kind....

September 2, 2014, Tuesday


Weak sentiment dampens sales of new houses

NEW home sales fell for the second straight month in Shanghai in August amid weak sentiment. The sales of new homes, excluding government-funded affordable housing, fell 6.7 percent from July to 654,000 ...

Cherry Cao | September 2, 2014, Tuesday


Samsung units agree to merge

THE shipbuilding and engineering units of South Korea’s Samsung group said yesterday that they would merge, as the family-run giant gears up for generational ownership succession. The board members of ...

September 2, 2014, Tuesday


Slowdown in manufacturing growth

China’s manufacturing sector grew at a slower pace last month for the first time since February, indicating a faltering recovery in the world’s second-largest economy.The official Purchasing Managers’...

Wang Yanlin | September 2, 2014, Tuesday


Greece close to emerging from recession

THE Greek economy, in recession for six years, shrank again in the second quarter of this year, but by only 0.3 percent, revised data showed yesterday. The revised outcome from the statistics office Elstat ...

September 2, 2014, Tuesday


Banker to be Jilin’s deputy Party chief

THE chairman of the Agricultural Bank of China will be appointed deputy Party secretary of Jilin Province. Jiang Chaoliang’s appointment was announced by Wang Qinfeng, deputy head of the Organization ...

Hu Xiaocen | September 2, 2014, Tuesday


Eurozone’s August PMI grows more slowly

EUROZONE manufacturing growth slowed slightly more than initially thought last month as new orders dwindled and factories suffered amid rising tensions in Ukraine, a business survey showed yesterday. ...

September 2, 2014, Tuesday




 

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