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New home deals in China drop, project investments rise slowly

The value and volume of new home sales in China fell at nearly the same pace in the first nine months of this year while investment in housing development rose more slowly,...

Cherry Cao | October 22, 2014, Wednesday


JPMorgan fined for rigging Libor rates

The European Commission fined US bank JPMorgan more than 61 million euros (US$78 million) yesterday for its role in rigging benchmark international interest rates....

October 22, 2014, Wednesday


McDonald’s feels heat from fall in customers

McDonald’s yesterday said its profit and sales declined as the world’s biggest hamburger chain saw customer traffic fall around the world.The company said sales fell 3....

October 22, 2014, Wednesday


Economy slows, but activity data eases concerns

China’s economy grew at its slowest pace in more than five years in the third quarter, official data showed yesterday, but major activity indicators in September point at stabilization,...

Wang Yanlin | October 22, 2014, Wednesday


Rising worries over economy deflate shares

SHANGHAI stocks fell yesterday amid rising worries after China’s economy expanded at the lowest rate in more than five years in the third quarter.The Shanghai Composite Index dipped 0.72 percent to 2,...

Ye Zhen | October 22, 2014, Wednesday

More News


China makes progress in rebalancing economy, JPMorgan says

ALTHOUGH economic growth slowed down in the third quarter, there are signs that China has made positive progress in its effort to rebalance growth mode with structural reforms, JPMorgan said today. Latest ...

Vera Ye | October 22, 2014, Wednesday


German Chamber opens office in Taicang

THE German Chamber of Commerce announced today a plan to establish a representative office in Taicang of the neighboring Jiangsu Province to better serve its members there. With the fast growth in recent ...

Wang Yanlin | October 22, 2014, Wednesday


Shanghai FDI soars 44.6% in September

FOREIGN direct investment in Shanghai surged 44.6 percent from a year earlier to US$2.7 billion in September, a record in terms of both growth pace and volume for this year, according to the Shanghai ...

Wang Yanlin | October 22, 2014, Wednesday


APEC Finance Ministers' Meeting held in Beijing

Delegates attend the APEC (Asia-Pacific Economic Cooperation) 2014 Finance Ministers' Meeting in Beijing, capital of China, October 22, 2014. --Xinhua ...

October 22, 2014, Wednesday


Time is expensive — at US$16m!

Daryn Schnipper, chairman of Sotheby’s Watch Division, shows “The Henry Graves Supercomplication” handmade watch by Patek Philippe which was completed in 1932 at Sotheby’s auction house in London yesterday. This masterpiece of horology is estimated to sell in excess of 10 million pounds (US$16 million) when it is auctioned on November 11 in Geneva. ...

October 22, 2014, Wednesday


CSR seals deal for 30 LRVs in Malaysia

China’s leading railway car manufacturer, China South Locomotive and Rolling Stock Corp (CSR),...

October 22, 2014, Wednesday


FTZ eyes commodities spot trading

Shanghai’s pilot free trade zone has released draft rules for spot trading of commodities, a step closer to establishing international trading exchanges for various commodities in the FTZ.The 48-...

Ye Zhen | October 22, 2014, Wednesday




 

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