Date
19 November 2018

Industries

  • Sinopec completes Apache Egypt assets buy-in, statement says

    Nov 15, 2013 3:46pm
    China Petrochemical Corp. (Sinopec Group), through a subsidiary, has completed the US$3.1 billion acquisition of a 33 percent stake in US energy firm Apache Corp’s Egyptian oil and gas business, according to a statement from the...
  • Yashili shows it pays sometimes not to jump at a buyout offer

    Nov 15, 2013 3:42pm
    Yashili International (01230.HK) saw more than 10 percent of its minority shareholders reject a buyout offer from China Mengniu Diary (02319.HK) earlier this year after the latter launched a mandatory offer following a deal to buy...
  • China Bitcoin daily trade hits 350 mln yuan, paper says

    Nov 15, 2013 2:29pm
    Daily Bitcoin transaction volume in China has reached about 350 million yuan (US$57.5 million) to become the highest in the world, the 21st Century Business Herald reported late Thursday, citing several exchange platforms for the virtual...
  • China may change animal testing rules for cosmetics, paper says

    Nov 15, 2013 11:42am
    China is considering allowing the sale of some cosmetics without requiring them to be tested on animals, opening up the mainland market to international firms opposed to the practice, Shanghai Daily reported on Thursday, citing the...
  • China to open green industry to global investors, paper says

    Nov 15, 2013 11:35am
    Premier Li Keqiang said China will open its energy conservation and environmental protection industry to international investors and private capital, China Daily reported Thursday. The industry has huge market potential and is capable of being developed into...
  • Pumps to start on China’s first deep-water gas project, WSJ says

    Nov 15, 2013 11:34am
    China is set to start the pumps at its first deep-water natural-gas project to help wean the country off coal, the Wall Street Journal reported Thursday. The US$6.5 billion Liwan-3 gas field project in the South China Sea...
  • US tech firms feel sales chill after NSA saga, WSJ says

    Nov 15, 2013 11:31am
    Big American computer and software companies are reporting slumping sales to China, some blaming increased government hostility toward the United States, the Wall Street Journal reported Thursday. Computer network equipment maker Cisco Systems Inc. said orders...
  • COFCO taps HK market indirectly to step up realty game

    - Nov 15, 2013 11:24am
    Property income has become a key pillar of support for many Chinese state-owned enterprises. One such case is food giant China National Cereals, Oils and Foodstuffs Corp. (COFCO), which has never been shy in signaling its...
  • Party to release full transcript of plenum communique, SCMP says

    Nov 15, 2013 11:22am
    Beijing is expected to release the full transcript of a key policy document from the Communist Party plenum within a week after the meeting ended on Tuesday, the South China Morning Post reported Friday. Details of economic...
  • CHEC to build hotels, golf course in Sri Lanka, report says

    Nov 15, 2013 10:31am
    A Chinese engineering firm will build two hotels and a golf course in a US$500 million project in the southern Sri Lankan town of Mattala, Xinhua reported Thursday. China Harbor Engineering Company will also build a 250-room hotel...
  • Evergreen to launch S Korea-China-Malaysia route, paper says

    Nov 15, 2013 10:30am
    Evergreen Marine Corp. (Taiwan) Ltd. said on Thursday that it will collaborate with South Korea’s Hanjin Shipping Co. Ltd. to launch a shipping route from South Korea to Malaysia by way of Chinese ports, United Daily...
  • Taiwan RMB deposits at 123.24 bln yuan in Oct, central bank says

    Nov 15, 2013 10:30am
    Renminbi deposits at Taiwan’s 56 offshore banking units and 63 local financial institutions reached 123.24 billion yuan (US$20.23 billion) in October, the island’s central bank said in a statement on its website Thursday. The figure represents...
  • China’s largest freshwater lake shrinking, Xinhua says

    Nov 15, 2013 10:29am
    China’s largest freshwater lake, Poyang, has falling water levels and a shrinking surface area due to early dry seasons in the last decade, Xinhua news agency reported Thursday. At 4 p.m. Thursday, the water level at Xingzi...
  • CPIC units post 151.7 bln yuan premium income, filing says

    Nov 15, 2013 10:26am
    China Pacific Insurance Group Co. Ltd. (CPIC) (02601.HK, 601601.CN) said in a stock exchange filing late Thursday the combined gross premium income of its two subsidiaries for the 10 months to October rose 9.37 percent to...
  • Cambodia secures 33 mln yuan interest-free loan, report says

    Nov 15, 2013 10:24am
    China has agreed to provide a 200 million yuan (US$33 million) interest-free loan to Cambodia for social and economic development projects, Xinhua news agency reported on Thursday. The agreement was signed by Chinese Ambassador to Cambodia Bu...
  • China Merchants Bank FTZ unit gets branch status, filing says

    Nov 15, 2013 10:18am
    China Merchants Bank’s (CMB, 600036.CN) newly established operation in the Shanghai free trade zone (FTZ) has been formally recognized as a branch, according to a regulatory filing late Thursday. The unit, launched on Sept. 29, is...
  • Construction begins on new airport in eastern China, Xinhua says

    Nov 15, 2013 10:09am
    Construction has begun on a new airport in Shangrao city in China’s eastern Jiangxi province, Xinhua news agency reported Thursday. the Sanqingshan Airport will cost an estimated 700 million yuan (US$114 million), including a loan of US$50 million...
  • Fat margins driving more players to SUV market

    Nov 15, 2013 10:04am
    Sport utility vehicles (SUV) are the fastest-growing segment in China’s car market. While major players are planning new models to sustain their sales growth, new entrants are gearing up for a piece of the action. A...
  • IT sector to post 12.5 trn yuan in 2013 sales, report says

    Nov 15, 2013 10:02am
    The sales revenue of China’s information technology sector will hit 12.5 trillion yuan (US$2.04 trillion) this year, Xinhua reported Thursday, citing a Ministry of Industry and Information Technology forecast. The sector’s sales revenue reached 8.98 trillion yuan...
  • Volkswagen recalls 640,300 cars over defective oil, Xinhua says

    Nov 15, 2013 9:56am
    Volkswagen China, FAW Volkswagen and Shanghai Volkswagen will recall 640,309 Volkswagen, Audi and Skoda vehicles from Nov. 25, Xinhua reported Thursday, citing China’s quality watchdog. A synthetic oil used in the vehicles interferes with the gearbox,...

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