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Gold miner apologizes for fatal dam breach

HONG KONG - China's largest gold miner Zijin Mining has expressed "deep sorrow and regret" and decided to donate 50 million yuan ($7.5 million) regarding the casualties and loss of property following a dam overflow in September when a typhoon hit southern Guangdong province, the ...

Agria and New Hope look to pastures new

WELLINGTON, New Zealand - PGG Wrightson Ltd shares rose the most in 14 months after a Chinese company bid to take partial control of New Zealand's largest agricultural services company. Zhongshan-based Agria Corp and New Hope Group, a Chinese agriculture and food group, offered ...

Yinfu Gold to sell shares in Hong Kong

BEIJING - Yinfu Gold Corp, a Chinese gold exploration and mining company, plans to sell shares in Hong Kong to fund acquisitions and investments on the Chinese mainland and in Southeast Asia. Yinfu will sell the shares in the second half of 2011 after completing its transfer to ...

China resources profit rises ninefold as retail demand gains

China Resources Enterprise Ltd, the Chinese partner of SABMiller Plc, said first-quarter profit increased almost ninefold as its retail business improved and it made money selling some units. Net income in the three months ended March increased to HK$3.73 billion ($478 million) ...

Hang Seng Bank buys Shanghai premises for 510m yuan

HONG KONG - Hang Seng Bank (China), a subsidiary of Hang Seng Bank, has agreed to purchase about 7,000 square meters of office and retail space, together with naming and signage rights for the building, in Shanghai's financial district for 510 million yuan ($74.67 million), the ...

NVC Lighting opens at IPO price on HK debut

HONG KONG - Shares of NVC Lighting opened at HK$2.1 (26.9 US cents) on Thursday on its debut at the Hong Kong stock exchange, the same as its price of the initial public offering (IPO). NVC Lighting, one of the Chinese mainland's leading suppliers of lighting products, said ...

NVC Lighting raises HK$1.37b from HK IPO

HONG KONG - NVC Lighting, one of the Chinese mainland's leading suppliers of lighting products, said Wednesday that the price of its initial public offering was set at HK$2.1 (26.9 cents) per share and the net proceed of its IPO was about HK$1.37 billion ($175.59 million). In a ...

Shanghai SOEs may face shake up

SHANGHAI - Two listed retailers under the Bailian Group Co suspended trading on Monday due to corporate restructuring, which may be a sign of things to come in Shanghai as State-owned enterprises look to improve efficiency and eliminate overlaps in redundant business units. ...

Zijin Mining required to close copper plant

Zijin Mining Group Co, China's largest gold producer, said that it is required to close a copper plant in Shanghang, Fujian province, after a "substantial leakage of waste water" was discovered by a government team of investigators. A plant manager, deputy plant manager and ...

China Eastern sees profit jump

China Eastern Airlines said its profit for the first half of 2010 would increase by more than 50 percent over the same period a year ago as the country's air transport market recovered rapidly. In a filing to the Hong Kong stock exchange late on Thursday, the airline said a ...

China's Jihua to launch $480m Shanghai IPO

SHANGHAI- China's military uniform maker Jihua Group, said on Friday it would launch an initial public offering worth about 3.25 billion yuan next week mainly to fund production expansion. Jihua Group, which has a 75 percent share of China's market for military and police garment...

Datang Renewable debuts 1% below IPO price

HONG KONG - China Datang Corporation Renewable Power, China's second biggest wind farm operator, officially listed on the Hong Kong stock exchange on Friday, with share price opening at HK$2.3 (30 cents), down 1.29 percent from its IPO price. As a subsidiary of the State-owned ...

BOC may raise 50b yuan through H-share issuance

Bank of China (BOC) is about to issue H shares to raise 50 billion yuan, the National Business Daily reported on Thursday. According to the report, the bank has asked its investment bank to submit a fund raising plan for the second half of the year. Luo Nan, the bank's head of ...

Ping An rolls dice on unpopular overseas banking model

Ping An Insurance (Group) Co, the world's second-biggest life insurer, aims to sell banking and investing services to its 50 million customers with a one-stop shopping model being abandoned by US and European companies. Ping An, listed in Hong Kong and Shanghai, expects banking, ...

China Mobile shares may fall on pudong bank stake purchase plan

China Mobile Ltd shares may fall in Hong Kong trading on concern the world's biggest phone company by value is deviating from its main business by considering an investment in Shanghai Pudong Development Bank Co. "Shareholders will take this negatively," said Bertram Lai, who ...

AIG retreat opens Asia to its rivals

NEW YORK - American International Group Inc (AIG), whose history in insurance spans 90 years from a Shanghai start-up to the biggest US bailout, is swapping its roots in Asia for cash as rivals seek to expand beyond shrinking markets. AIG's planned $35.5 billion sale of Hong Kong...

Sands China net income jumps as Macao gambling peaks

HONG KONG - Sands China Ltd, Asia's biggest listed casino operator, said 2009 profit rose 22 percent on higher spending in the world's biggest gambling hub. Net income increased to $213.8 million from $175.7 million a year earlier, Sands China, which has the second-biggest market ...

Gome China unit gets Beijing rap for bribery

HONG KONG - Gome Electrical Appliances Holdings Ltd, China's second-biggest electronics retailer by market value, said a unit was indicted for bribery at the Second Intermediate People's Court of Beijing. Hong Kong-listed Gome will "actively defend" itself against the accusations...

Tingyi profit grows slowest in 3 years on China noodle battles

Tingyi (Cayman Islands) Holding Corp, China's biggest maker of packaged food, posted its slowest first-quarter profit growth in three years as raw material costs rose and competition intensified. Net income in the three months ended in March rose to $102.2 million, or 1.82 cents ...

Alibaba.com hopes for A-share listing

SHANGHAI - Alibaba.com, China's largest e-commerce company, hopes to return to China's domestic A-share market by listing on the planned international board, the Securities Times reported on Monday, quoting the company's chief executive. "Alibaba was considering how to let ...

Latest World News

china

China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...

world

finance

Reforms to fuel Shanghai's growth in 2014
Reforms to fuel Shanghai's growth in 2014
BEIJING, Jan. 27 (Xinhuanet) -- Shanghai's financial sector grew 13.7 ...
Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...
Xinhua Feature: World's political, business leaders gather in Davos for WEF
Xinhua Feature: World's political, business leaders gather in Davos for WEF
DAVOS, Switzerland, Jan. 22 (Xinhua) -- The snow-covered Swiss town of ...

company

industry

Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...

trade

sports

Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
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