
<rss version="2.0">
<channel>

  <title>Shanghai Daily: Business</title> 
  <link>
  	http://www.shanghaidaily.com/article/list.asp?id=8
  </link> 
  <description>Shanghai Daily Business</description> 
  <language>en</language> 


<item>
	<title>Toyota bites the bullet on brakes</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428463.htm
	</link>
	<pubDate>2010-2-10 1:07:02</pubDate> 
	<category>Automobile</category> 
	<author>Yuri Kageyama</author>
	<description><![CDATA[TOYOTA is recalling about 437,000 Prius and other hybrid vehicles worldwide to fix brake problems - the latest in a string of embarrassing safety lapses at the world's largest auto maker.
 
&quot;I don't see Toyota...]]></description>
</item>

<item>
	<title>Banks Need To Turn To Syndicated Loans</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428441.htm
	</link>
	<pubDate>2010-2-10 0:24:10</pubDate> 
	<category>Banking</category> 
	<author>Maggie Zhang</author>
	<description><![CDATA[BANKS in Shanghai are required to turn to syndicated loans to fund projects of more than 1 billion yuan (US$146 million) each to trim risks, the local regulator said yesterday.
 
&quot;Banks are required to proactively...]]></description>
</item>

<item>
	<title>City seeks balance in investment expansion</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428440.htm
	</link>
	<pubDate>2010-2-10 0:23:38</pubDate> 
	<category>Foreign investment</category> 
	<author>Wang Yanlin</author>
	<description><![CDATA[SHANGHAI aims to maintain a &quot;moderate&quot; foreign investment growth this year as well as encourage local companies to go global, a senior government official said yesterday.
 
The Shanghai Municipal Commission of Commerce...]]></description>
</item>

<item>
	<title>EU perplexed over way out of Greece crisis</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428439.htm
	</link>
	<pubDate>2010-2-10 0:23:07</pubDate> 
	<category>Macro-economy and policy</category> 
	<author>Aoife White</author>
	<description><![CDATA[MARKETS somehow expect the European Union to backstop Greece's sagging finances. But with officials denying a bailout is needed, the precise path out of the crisis for the EU's incoming new leadership remains fogged...]]></description>
</item>

<item>
	<title>CIC buys US$9.6b stakes in major firms</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428438.htm
	</link>
	<pubDate>2010-2-10 0:19:51</pubDate> 
	<category>Foreign investment</category> 
	<author>Winny Wang</author>
	<description><![CDATA[CHINA Investment Corp, the country's sovereign wealth fund, bought US$9.6 billion worth of shares in 84 companies listed in the United States, including Morgan Stanley, Apple Inc and Coca-Cola, by the end of last...]]></description>
</item>

<item>
	<title>New credit to slow and inflation to be watched</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428437.htm
	</link>
	<pubDate>2010-2-10 0:15:10</pubDate> 
	<category>Banking</category> 
	<author>Zhang Fengming</author>
	<description><![CDATA[ECONOMISTS expect new loans granted in January in China to be about 1.35 trillion yuan (US$198 billion) and predict lending will slow in the following months.
 
People's Bank of China Governor Zhou Xiaochuan said...]]></description>
</item>

<item>
	<title>Index ends higher for 1st time in 4 days</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428404.htm
	</link>
	<pubDate>2010-2-10</pubDate> 
	<category>Securities</category> 
	<author>Ding Yining</author>
	<description><![CDATA[SHANGHAI'S stocks yesterday closed higher for the first time in four days as banks and metal producers gained. 
 
The benchmark Shanghai Composite Index rose 0.47 percent, or 13.67 points, to close at 2,948.84....]]></description>
</item>

<item>
	<title>Stock is 3rd debutant to decline</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428406.htm
	</link>
	<pubDate>2010-2-10</pubDate> 
	<category>Securities</category> 
	<author>Winny Wang</author>
	<description><![CDATA[CHINA First Heavy Industries Co yesterday became the third firm to fall below its offer price on its trading debut in the last two weeks, further evidence of investors beginning to lose appetite for new stocks amid...]]></description>
</item>

<item>
	<title>UBS net profit beats estimates</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428399.htm
	</link>
	<pubDate>2010-2-10</pubDate> 
	<category>Banking</category> 
	<author></author>
	<description><![CDATA[SWISS bank UBS AG posted a fourth-quarter net profit of 1.205 billion Swiss francs (US$1.12 billion) yesterday, beating analysts' expectations partly thanks to a tax credit worth 480 million francs.
 
The result...]]></description>
</item>

<item>
	<title>Husky's major gas find signals promise</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428405.htm
	</link>
	<pubDate>2010-2-10</pubDate> 
	<category>Energy</category> 
	<author>Richard Fu</author>
	<description><![CDATA[CNOOC Ltd's Canadian partner Husky Energy Inc has made a major gas discovery in a shared block in the South China Sea, confirming the area's prospects.
 
The Liuhua 29-1 find is the third deepwater gas discovery...]]></description>
</item>

<item>
	<title>Steel mills face huge pressure</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428408.htm
	</link>
	<pubDate>2010-2-10</pubDate> 
	<category>Metallurgical industry</category> 
	<author>Fu Chenghao</author>
	<description><![CDATA[RISING prices of imported iron ore as well as other higher costs could put &quot;huge pressure&quot; on domestic steel makers and lead to higher steel prices this year, said China's steel industry association.
 
The domestic...]]></description>
</item>

<item>
	<title>Losses sink firm behind 'Astro Boy'</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428407.htm
	</link>
	<pubDate>2010-2-10</pubDate> 
	<category>Advertisement/media</category> 
	<author>Min Lee</author>
	<description><![CDATA[THE Hong Kong studio behind &quot;TMNT&quot; and &quot;Astro Boy&quot; has shut down as its parent company tries to recover from losses.
 
Imagi International Holdings Ltd said in a statement to the Hong Kong stock exchange that it...]]></description>
</item>

<item>
	<title>Boeing's 747-8 flies a year later to success</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428401.htm
	</link>
	<pubDate>2010-2-10</pubDate> 
	<category>Airlines and airports</category> 
	<author></author>
	<description><![CDATA[BOEING Co's giant 747-8 freighter - the biggest plane the company has ever built - successfully completed its first flight on Monday, a year later than originally planned.
 
Boeing estimated that more than 5,000...]]></description>
</item>

<item>
	<title>JAL stays with American</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428402.htm
	</link>
	<pubDate>2010-2-10</pubDate> 
	<category>Airlines and airports</category> 
	<author>Harry R. Weber and Tomoko A. Hosaka</author>
	<description><![CDATA[JAPAN Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, spurned the world's biggest carrier and opted to keep its alliance with American Airlines.
 
The Japanese carrier...]]></description>
</item>

<item>
	<title>UK sees 'worst January sales growth'</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428400.htm
	</link>
	<pubDate>2010-2-10</pubDate> 
	<category>Retail</category> 
	<author></author>
	<description><![CDATA[BRITISH retail sales recorded their worst performance for the month of January in at least 15 years, a survey showed yesterday, even as separate figures showed house prices extended their recent rise. 
 
The British...]]></description>
</item>

<item>
	<title>Retailers battle to secure prime space in malls</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428403.htm
	</link>
	<pubDate>2010-2-10</pubDate> 
	<category>Retail</category> 
	<author>Cao Qian</author>
	<description><![CDATA[A DEVOUT coffee lover, Eason Wang, the 36-year-old manager at a local advertising company, finally managed to open his own cafe last month in Shanghai in partnership with a friend who shares the same dream of entrepreneurship.
...]]></description>
</item>

<item>
	<title>Robust auto sales may not be sustained</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428409.htm
	</link>
	<pubDate>2010-2-10</pubDate> 
	<category>Automobile</category> 
	<author>Jin Jing</author>
	<description><![CDATA[AS China's vehicle sales more than doubled to a record high in January, extending its lead against the United States as the world's largest auto market, experts cautioned the market might overheat and the booming...]]></description>
</item>

<item>
	<title>Opel seeks US$2.1b state aid</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428410.htm
	</link>
	<pubDate>2010-2-10</pubDate> 
	<category>Automobile</category> 
	<author>Christiaan Hetzner and Matthias Sobolewski</author>
	<description><![CDATA[<a href="
	http://www.shanghaidaily.com/sp/article/2010/201002/20100210/article_428410.htm"><img src="http://www.shanghaidaily.com/NewsImage/2010/2010-02/2010-02-10/20100210_428410_03.jpg" border="0" /></a><br>GENERAL Motors unit Opel has asked Germany for 1.5 billion euros (US$2.05 billion) in state aid to help fund a restructuring plan, including an 11-billion-euro investment and sweeping job cuts, in a drive to break...]]></description>
</item>

<item>
	<title>Banks urged to turn to syndicated loans</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100209/article_428383.htm
	</link>
	<pubDate>2010-2-9 16:47:26</pubDate> 
	<category>Banking</category> 
	<author>Zhang Fengming</author>
	<description><![CDATA[BANKS in Shanghai must prioritize syndicated loans worth more than 1 billion yuan (US$146 million) to cut risk concentration, the local regulator said today.
 
&quot;Banks are required to pro-actively turn to syndicated...]]></description>
</item>

<item>
	<title>CIC buys US$9.6b of US shares</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100209/article_428382.htm
	</link>
	<pubDate>2010-2-9 16:44:06</pubDate> 
	<category>Securities</category> 
	<author>Winny Wang</author>
	<description><![CDATA[CHINA Investment Corp, the country's sovereign wealth fund, bought US$9.6 billion worth of shares in 84 companies listed in the United States, including big brands such as Morgan Stanley, Apple Inc and Coca-Cola,...]]></description>
</item>

<item>
	<title>Banks buoy up index for first time this week</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100209/article_428381.htm
	</link>
	<pubDate>2010-2-9 16:41:29</pubDate> 
	<category>Securities</category> 
	<author>MarkeDing Yining</author>
	<description><![CDATA[SHANGHAI'S market closed higher today for the first time in four days as banks and metal producers gained. 
 
The benchmark Shanghai Composite Index rose 0.47 percent, or 13.67 points, to close at 2,948.84 points....]]></description>
</item>

<item>
	<title>Boeing's 747-8 freighter completes first flight</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100209/article_428359.htm
	</link>
	<pubDate>2010-2-9 12:35:59</pubDate> 
	<category>Airlines and airports</category> 
	<author></author>
	<description><![CDATA[<a href="
	http://www.shanghaidaily.com/sp/article/2010/201002/20100209/article_428359.htm"><img src="http://www.shanghaidaily.com/NewsImage/2010/2010-02/2010-02-09/20100209_428359_03.jpg" border="0" /></a><br>BOEING Co.'s giant 747-8 freighter - the biggest plane the company has ever built - successfully completed its first flight yesterday, a year later than originally planned.
 
The huge plane took off from Everett's...]]></description>
</item>

<item>
	<title>Shanghai shares rise led by banks</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100209/article_428357.htm
	</link>
	<pubDate>2010-2-9 11:55:53</pubDate> 
	<category>Securities</category> 
	<author>Ding Yining</author>
	<description><![CDATA[SHANGHAI'S stock market edged up in the morning session, lifted by the banking sector. 
 
The benchmark Shanghai Composite Index edged up 0.16 percent, or 4.58 points, to close at 2,939.76 points. Turnover was 39...]]></description>
</item>

<item>
	<title>Google cuts fee to break Nexus One contract</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100209/article_428355.htm
	</link>
	<pubDate>2010-2-9 11:23:44</pubDate> 
	<category>Information industry</category> 
	<author></author>
	<description><![CDATA[GOOGLE Inc. has lowered by US$200 the fee it charges customers who break a standard two-year contract for its new Nexus One phone on the T-Mobile USA Inc. network.
 
The Google fee was dropped to US$150 from US$350,...]]></description>
</item>

<item>
	<title>Toyota halts some hybrid shipments,Prius recall looms</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100209/article_428351.htm
	</link>
	<pubDate>2010-2-9 9:57:37</pubDate> 
	<category>Automobile</category> 
	<author></author>
	<description><![CDATA[TOYOTA Motor Corp said today it has suspended shipments of its Sai and Lexus HS250h hybrids for possible problems in the models' braking systems, as it prepares for a recall of its flagship Prius hybrid. 
 
Toyota,...]]></description>
</item>

<item>
	<title>Wintry weather drives energy prices higher</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100209/article_428349.htm
	</link>
	<pubDate>2010-2-9 8:08:46</pubDate> 
	<category>Energy</category> 
	<author></author>
	<description><![CDATA[OIL and other energy prices climbed yesterday as another winter storm was expected to dump even more snow on the East Coast.
 
Benchmark crude for March delivery gained 70 cents to settle at US$71.89 a barrel on...]]></description>
</item>

<item>
	<title>Dow closes below 10,000 for first time in 3 months</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201002/20100209/article_428348.htm
	</link>
	<pubDate>2010-2-9 8:07:44</pubDate> 
	<category>Securities</category> 
	<author></author>
	<description><![CDATA[THE Dow Jones industrial average closed below 10,000 for the first time in three months yesterday on nagging concerns about debt loads in Europe.
 
Shares of big banks pulled the market lower, extending a slump that...]]></description>
</item>

</channel>
</rss>