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Property developer acquires land in Beijing at 5.05 bln yuan

Business | Real estate
2009-11-21

DALONG Estate, a Shanghai-listed property developer owned by Beijing's Shunyi district government, had acquired a parcel of residential land in Shunyi for 5.05 billion yuan (US$739 million), the Beijing Times reported...

Court collects China's biggest fine – 125m yuan

National
2009-11-20

A BEIJING court has managed to collect a fine of 125 million yuan (US$18.31 million) - the biggest ever levied by China's securities authority on an individual - from a former securities firm's head. The money,...

US firms slow stock reductions

Business | Macro-economy and policy
2009-11-17

UNITED States businesses slashed inventories for a 13th consecutive month in September although the pace of reductions slowed from the previous month. The economic rebound is expected to remain tentative until businesses...

Hot Property News

Business | Real estate
2009-11-17

LAND values in Shanghai, Beijing and Hangzhou would have the largest potential for growth in the next five years, the nation's top think-tank said in a report yesterday after researching 35 large and medium-sized...

Retail sales in US higher than expected

Business | Retail
2009-11-17

SALES at retailers in the United States rose more than expected in October as consumers bought more motor vehicles and other goods, but the previous month's figures were revised sharply downward, a government report...

Dollar 'carry trade' fuels worry

Business | Macro-economy and policy
2009-11-16

CHINA'S top bank regulator said yesterday the weakening United States dollar and low interest rates are spurring speculation in stocks and property, distorting global asset prices and threatening the global economic...

Sands to proceed on casinos in January

Business | Hotel and tourism
2009-11-16

UNITED States casino operator Las Vegas Sands Corp plans to resume work in January on its multibillion-dollar gambling resorts in Macau after suspending construction last year amid a massive funding crunch, the company...

Obama heads Forbes list of most powerful

World
2009-11-13

UNITED States President Barack Obama can add another accolade to his already long list of awards after being named the world's most powerful person in an inaugural ranking by Forbes magazine. Obama, whose popularity...

New US jobless benefit claims drop

Business | Jobs/human resources
2009-11-13

NEW claims for unemployment insurance in the United States fell more than expected last week, evidence the job market is slowly healing as the economy recovers. Still, many analysts worry the nation could be in...

Green light given for prime-time eco pushes

World
2009-11-12

UNITED States television network NBC will begin spreading pro-environmental messages across five of its prime-time entertainment programs. "30 Rock," with former Vice President Al Gore in a cameo role, leads the...