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Ex-HSBC fund exec tried for insider trading

A former HSBC fund manager has confessed to his guilt in an insider trading case to earn 1.85 billion yuan (US$298 million) in profit....

Leng Cheng | December 20, 2014, Saturday


Honda recalls vehicles over faulty airbags

Honda (China) has filed for a vehicle recall to commence on February 1, 2015, over reports of defective airbags, the General Administration of Quality Supervision, Inspection and Quarantine said yeste...

December 20, 2014, Saturday


Nod for Alstom energy arm’s sale to GE

Shareholders approved yesterday the 12.4-billion-euro (US$15.2 billion) sale of Alstom’s energy assets to US group General Electric, and the French company will refocus on high speed trains....

December 20, 2014, Saturday


Shopping agents profit from ruble’s fall

In Blagoveshchensk on Russia’s side of the Chinese border, Mou Jiani has turned her home into a warehouse, stocking up on Apple iPhones, handbags and milk powder to sell back home as Chinese shoppers take...

December 20, 2014, Saturday

More News


Google eyes Android to be built directly into cars

Google Inc is laying the groundwork for a version of Android that would be built directly into cars,...

December 20, 2014, Saturday


Vote delay holds up IMF funds to Cyprus

The International Monetary Fund held back 86 million euros (US$106 million) in bailout funds ...

December 20, 2014, Saturday


Bailout plan for Indian carrier

A SpiceJet aircraft taxis on the runway at the airport next to a slum area in Mumbai yesterday. A former part-owner of India’s SpiceJet Ltd is leading a 12 billion rupees (US$190.5 million) bailout plan to rescue the budget carrier from collapsing, two Indian newspapers said yesterday....

December 20, 2014, Saturday


Steel sector lifts shares to 4-year high

Shanghai stocks surged to a four-year high yesterday, led by the steel sector which was buoyed by an increase in new orders....

Ji Xiang | December 20, 2014, Saturday


Fosun raises bid offer for Club Med

Chinese conglomerate Fosun raised its offer to buy French holiday group Club Med yesterday, as it strives to win the longest bidding war in Paris market history against an Italian tycoon....

December 20, 2014, Saturday


Former fund manager stands trial on insider trading

A Shanghai intermediate court today held a public hearing of HSBC Jintrust Fund Management Co’s inside-trading case against its former fund manager Lin Tongtong. Lin, 43, was accused of abusing the privilege ...

Leng Cheng | December 19, 2014, Friday


Fonterra opens new application center in Shanghai

New Zealand's largest dairy exporter Fonterra yesterday unveiled an application center in Shanghai as it taps the growing demand from local catering businesses and dining companies. The Shanghai Application ...

Ding Yining | December 19, 2014, Friday




 

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