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Gold demand sparkles in Q3

Business | Precious metals and gems
2009-11-21

CHINA'S retail demand for gold rose to a record high in the third quarter on a stronger economic growth, an industry report said. The outlook for the fourth quarter depends largely on gold prices. If gold prices...

Goldman and Buffett team up in US$500m philanthropic move

Business | Asset management/M&A
2009-11-19

GOLDMAN Sachs Group Inc is teaming up with billionaire investor Warren Buffett to invest US$500 million to provide thousands of small business owners across America with college scholarships and boost their access...

Struggling studio MGM says it's looking for buyer

Business | Advertisement/media
2009-11-14

STRUGGLING movie studio Metro-Goldwyn-Mayer Inc. is looking for a buyer. The home of the James Bond and Pink Panther franchises said yesterday it has begun to explore strategic options including "a potential sale...

Goldman earns 5 times from stake sale

Business | FMCG/food
2009-11-5

GOLDMAN Sachs has agreed to sell half of its holding in Shineway Group, China's top meat processor, to a Chinese fund for about US$150 million, earning roughly five times its investment from the landmark 2006 deal,...

New team aims to revive Golden Harvest

Business | Advertisement/media
2009-10-22

THE new management of a famed Hong Kong film studio that worked with Bruce Lee, Jackie Chan and John Woo promised yesterday to revive the company into a Chinese powerhouse in movie production and multiplexes. Hong...

City honors expats for high-value contributions

Metro | Expat association and community
2009-9-30

CITY government yesterday presented its top expatriate honors - the Magnolia Gold Award and Honorary Citizen of Shanghai title - to 16 foreigners in recognition of their contributions to social and economic development....

Gold wholesaler dives into retail

Business | Precious metals and gems
2009-9-29

SHENZHEN Yihua Jewelry will double its number of retail outlets in China by the end of 2010 as the major jewelry wholesaler spearheads into retail in the aftermath of the financial crisis. Yihua, China's first...

Gold toilet attracts criticism

National
2009-9-29

AN opulent park in southern China has spent 6 million yuan (US$879,000) on a gold and jewel toilet, attracting criticism of waste. The controversial Nanyueyuan Park in Guangzhou City, Guangdong Province, opened...

Gold campaign for rural areas

Business | Precious metals and gems
2009-9-23

THE World Gold Council is planning what it calls an unprecedented campaign to encourage gold sales in rural China, where higher farm incomes and government stimulus programs are feeding demand. "Rural areas showed...

Drive to sprinkle gold over rural China

Business | Precious metals and gems
2009-9-22

THE World Gold Council is planning an unprecedented campaign to encourage gold sales in China's rural market, as higher incomes and government stimulus programs push up demand. "Rural areas showed better-than-expected...