Date
24 January 2018

Industries

  • Shuanghui puts frozen pork on front burner to heat up margins

    - Oct 10, 2013 2:19pm
    Shuanghui International Holdings Ltd. (000858.CN), China’s largest meat processing firm, plans to beef up profit margins with a stronger focus on frozen pork, having completed its takeover of Smithfield Foods Inc., a top manager said in...
  • Shanghai exchange denies intl board launch in FTZ, website says

    Oct 10, 2013 1:44pm
    The Shanghai Stock Exchange denied media reports that an international board will be launched in the city’s newly established free trade zone (FTZ), Shanghai Securities News reported Thursday on its website, citing an unnamed stock exchange...
  • Danone, Fonterra in talks over compensation, paper says

    Oct 10, 2013 12:52pm
    Danone S.A. and Fonterra Cooperative Group Ltd. are in talks about compensation relating to the latter’s recall of dairy products in the wake of a health scare, National Business Daily reported Thursday. Danone is seeking 200 million euros...
  • China Shipbuilding’s Jan-Sep new orders up 150%, paper says

    Oct 10, 2013 12:47pm
    China Shipbuilding Industry Co., Ltd. (601989.CN) said Thursday that the value of new contracts signed in the nine months to September rose by 148.77 percent year on year to 89.195 billion yuan (US$14.57 billion), the China...
  • PBoC injects net 33 bln yuan into money market

    Oct 10, 2013 12:13pm
    China’s central bank injected a net 33 billion yuan (US$5.4 billion) into the interbank market this week, easing liquidity conditions after the weeklong National Day holiday. The People’s Bank of China sold 48 billion yuan of...
  • Oil majors press overseas forays amid rising yuan

    Oct 10, 2013 12:12pm
    There’s more to the renminbi than being a world reserve currency of the future. In the global energy market, the future is here and now. Thanks to the renminbi’s strength, state-owned behemoths Sinopec (00386.HK, 600028.CN), CNOOC (00883.HK)...
  • Beijing residential plot supply to exceed target, paper says

    Oct 10, 2013 11:57am
    Beijing’s Bureau of Land and Resources has made available 1,093 hectares of land to the capital city’s property market as of the end of September, the Beijing Daily reported Thursday. Of these plots, 835 hectares were...
  • ZTE aims to top Philippine smartphone market, Xinhua says

    Oct 10, 2013 11:55am
    Chinese phone maker ZTE Corp. aims to dominate the Philippine smartphone market with affordable handsets in the next three years, Xinhua reported Wednesday. If it achieves the goal, ZTE could relocate some of its manufacturing to...
  • Transport ministry eyes port reform, paper says

    Oct 10, 2013 10:22am
    The Ministry of Transport is set to reform port management and boost cooperation between concerned parties, Economic Information Daily reported Thursday, citing sources from the China Ports Association. The ministry will consider scrapping unified rates in response...
  • KWG Property September pre-sales up 25.8%, filing says

    Oct 10, 2013 10:08am
    Guangzhou-based developer KWG Property Holding Ltd. (01813.HK) said its pre-sales rose 25.8 percent to 1.54 billion yuan (US$251.62 million) in September from a month earlier. In the first nine months, pre-sales were 11.93 billion yuan, up...
  • Corn prices set to tumble amid increased imports, Xinhua says

    Oct 10, 2013 10:06am
    China’s corn production is expected to top 215 million metric tons in 2013, a record high, the official Xinhua news agency reported Wednesday, citing the State Administration of Grain Information Center and China National Association of Grain...
  • Shunfeng eyes stake in Wuxi Suntech, paper says

    Oct 10, 2013 9:59am
    Solar company Shunfeng Photovoltaic International Ltd. (01165.HK) is bidding for a stake in a key unit of troubled Suntech Power Holdings Co., once the world’s largest solar panel maker, Shanghai Daily reported Thursday. The company made the...
  • ANZ eyes branches in Shanghai FTZ, paper says

    Oct 10, 2013 9:50am
    Australia-based ANZ Group plans to set up branches in Shanghai’s pilot free-trade zone in a bid to become a super regional bank, Shanghai Daily reported Thursday. The bank wants to be a part of efforts to...
  • Central bank sets RMB midpoint softer at 6.1452

    Oct 10, 2013 9:34am
    The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1452 on Thursday, 22 pips weaker than Wednesday’s 6.1430 fixing, according to the China Foreign Exchange Trade System. The renminbi is...
  • Is Starbucks ripping off its Chinese customers?

    Oct 10, 2013 9:32am
    A cup of Starbucks latte costs US$3 in United States, but in Shanghai, you have to shell out 27 yuan (US$4.4), a 46 percent mark-up, for the same brew. Given the average discretionary income of an...
  • Carmakers may face output curbs over fuel efficiency, paper says

    Oct 10, 2013 9:26am
    The National Development and Reform Commission (NDRC) will tighten rules on fuel efficiency for passenger vehicles and carmakers that fail to meet the new requirements risk being eased out of the market or acquired by other...
  • Chongqing Steel September output up 42.12%, paper says

    Oct 10, 2013 9:17am
    Chongqing Iron & Steel Co. Ltd. (601005.CN) said its September steel output rose 42.12 percent year on year to 429,700 tons, Securities Times reported Wednesday, citing a company statement. In the first nine months, steel output...
  • Shunfeng’s tender for Wuxi Suntech deserves caution

    Oct 10, 2013 9:13am
    Shunfeng Photovoltaic International Ltd. (01165.HK) closed up 22 percent on Wednesday after the solar module maker surfaced as a dark horse bidder for its bankrupt peer Wuxi Suntech Power, the key asset of Suntech Power Holdings...
  • ZTE smartphone US sales top US$1 bln, paper says

    Oct 10, 2013 9:10am
    ZTE Corp. (000063.CN; 00763.HK) posted more than US$1 billion of smartphone sales in the United States in 2012, making it the fourth biggest seller in the US market, China Business News reported Thursday, citing Cheng Lixin,...
  • China to speed up M&A among infant formula makers, paper says

    Oct 10, 2013 9:08am
    China will step up mergers in the infant formula industry and raise the entry threshold for newcomers, Economic Information Daily reported Thursday, citing unnamed sources. Guidelines on the restructuring will be released soon, the report said....

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