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US court throws out PetroChina suit

A COURT in the United States has thrown out a class-action lawsuit against China’s state-run oil giant PetroChina Co arising from an alleged bribery scandal....

August 5, 2015, Wednesday


Huarong eyes IPO meet

STATE-OWNED bad debt management firm China Huarong Asset Management Co plans to seek a hearing with the Hong Kong stock exchange over its initial public offering of up to US$3 billion as early as the ...

August 5, 2015, Wednesday


Brokerages temporarily suspend short selling

FIVE Chinese brokerages yesterday suspended their short selling services, a day after the securities regulator announced tighter rules on such trades in the latest bid to shore up the stock market. The ...

Vera Ye | August 5, 2015, Wednesday


Pork price increase a ‘normal correction’

THE Chinese government has played down the recent spike in the price of pork, amid concerns it could have implications for its monetary policy. The number of boars and sows is still at a “relatively high ...

August 5, 2015, Wednesday


Alibaba recruits ex-banker to lead global expansion

ALIBABA Group Holding Ltd has hired former Goldman Sachs Group partner Michael Evans to oversee its international expansion, a top priority as the firm looks beyond China to sustain its heady growth rates. ...

August 5, 2015, Wednesday

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Hisense buys Sharp TV plant

One leading Chinese TV manufacturer Hisense is expected to see an extra two billion US dollars revenue in the Americas after striking a deal to buy Sharp Corp's Mexico unit. Lin Lan, vice president of ...

August 5, 2015, Wednesday


China service business activity at 11-month high: survey

Business activity in China's service sector accelerated to an 11-month high in July, supported by a further increase in new business volumes, a private survey showed on Wednesday. The Caixin China General ...

August 5, 2015, Wednesday


Huawei becomes best sold tablet brand in Finland: source

Huawei tablets have become hot selling products in Finland and enjoyed the biggest market share in the past few weeks, the company said on Tuesday. In the second quarter of this year, about 30,000 Huawei ...

August 5, 2015, Wednesday


Manufacturing a plan

CHINA’S National Development and Reform Commission yesterday released an action plan to improve the core competence of six manufacturing sectors through 2017. The program will involve several projects ...

August 5, 2015, Wednesday


Ctrip’s Q2 net up 5.9% at US$23m

NASDAQ-LISTED Ctrip.com International Ltd said yesterday that its second-quarter net profit rose 5.9 percent year on year to 143 million yuan (US$23 million), marking the company’s return to positive ...

Zhu Shenshen | August 5, 2015, Wednesday


Tougher China market weighs on BMW

GERMAN luxury carmaker BMW said yesterday that its second-quarter net profit fell 1 percent year on year to 1.75 billion euros (US$1.92 billion) due to higher costs to bring out new vehicles and a tougher ...

August 5, 2015, Wednesday


Central bank vows to head off risk

CHINA’S central bank yesterday promised to “stabilize financial market expectations,” saying it will head off risks in the latest demonstration of official resolve to keep the economy on an even keel. ...

August 5, 2015, Wednesday




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