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China's Laiwu Steel rejects merger with Jinan Steel

Workers throw bags of waste materials from a rice mill into molten iron to maintain its temperature at a foundry of Laiwu Steel Group in Laiwu, Shandong province in this April 11, 2009. [Photo/Agencies] The shareholders of China's Laiwu Steel have rejected a plan to merge with ...

Signs of peace at Gome after supply agreement inked

BEIJING - Gome Electrical Appliances Holdings Ltd has renewed its purchase-and-supply agreement with Beijing Gome, which is privately owned by jailed company founder Huang Guangyu, in a move that may help to end a long-running boardroom struggle. The agreement, under which the ...

CSR aims for No 1 in high-speed railroads

A visitor views a video at an industry exhibition in Beijing. China's CSR said it may replace Bombardier to become the world's No 1 transport facilities manufacturer by 2015. [Photo / China Daily] Chinese manufacturer set to extend lead by tapping overseas market BEIJING - China ...

Online shoe retailer finds the right fit

Online shoe store, Letao.com, offers a variety of brand name shoes, such as Nike Inc. [Photo / Provided to China Daily] BEIJING - When it comes to shoes, Bi Sheng, the founder of Letao.com - an online shoe store equivalent to the popular US-based Zappos.com - is not short of ...

Portal opens for businesses

The launch of Taobao.com's business-to-consumer website, Taobao Mall, has its customer-to-customer vendors worried about the possibility of reduced sales margins and concerns over competition. [Photo / China Daily] BEIJING - Chinese e-commerce giant Alibaba Group's recent move to ...

A golden opportunity

A model holds a gold bar issued by China National Gold Group Corp to commemorate the 2010 Asian Games in Guangzhou. [Photo / Provided to China Daily] CGIR discovers a vast seam of the yellow metal in Inner Mongolia SHANGHAI - China Gold International Resources Corp Ltd (CGIR), a ...

Lawson boss to visit China ahead of expansion

A Lawson convenience store in Shanghai. The company operated 318 outlets in China as of November, according to its website. [Photo / Bloomberg] Japanese convenience store chain plans almost 10,000 new outlets TOKYO - Lawson Inc Chief Executive Officer Takeshi Niinami aims to open ...

Fosun and Chindex form joint venture

Fosun Pharmaceutical expects the joint venture to upscale and supplement its existing business. [Photo / China Daily] SHANGHAI - Fosun Pharmaceutical (Group) Co Ltd announced on Wednesday that it will establish a joint venture with the US-based healthcare company Chindex ...

Olympus Board May Resign Next Year

The entire board of Japan's Olympus Corp. was signaled by its president Wednesday to quit at the next shareholders meeting which will convene as early as February for the cover-up of some about 1.5 billion U.S. dollars losses dating back to the 1990s. The Japanese camera and ...

Jobs Biography Amazon Best-selling Book of 2011

"Steve Jobs," the only authorized biography of late Apple co-founder, on Tuesday rose to the top of Amazon.com's best-selling books for 2011, no more than two months after its initial release in late October. On Amazon.com's latest listing of Best Seller in Books for 2011, the ...

New Bank Bosses Announced

Related: China Central Bank Official Nominated for Role as Executive Director of CCB Policy Bank Chief Believed to Steer China's ABC through Reforms The latest round of personnel changes at major State-owned commercial lenders reflects the nation's emphasis on the implementation ...

HSBC to Cut 330 Jobs in Britain

HSBC will cut 330 jobs in Britain due to "the very challenging economic environment," the global banking giant announced on Monday. The job cut will mainly come from the commercial banking arm of HSBC in Britain. The bank is also shedding jobs in the retail banking and wealth ...

HP Offers Cloud Storage on Selected Business PCs

Hewlett-Packard (HP) and Box. net announced on Monday that they are teaming up to offer Box.net cloud content-management and collaboration platform on some HP business PCs. According to a joint press release by the two companies, customers who purchase HP Compaq Elite and HP ...

BOC to Lend 3 Billion Yuan to China's Hollywood

The Bank of China (BOC) will give loans capped at 3 billion yuan (473.9 million U.S. dollars) to a leading filmmaking base in east China's Zhejiang Province over the next three years, according to an agreement signed between the BOC's Zhejiang branch and Hengdian Chinese Film ...

Telecom Giants Seek Settlement

Two of China's major telecommunications companies announced on Friday that they will substantially raise their broadband speeds and lower broadband costs over the next five years. The announcement came in the wake of last month's government-initiated probe into monopolistic ...

Kindle Fire Heads for 2nd Place in Tablet Market

Only two weeks after its shipment, Amazon's Kindle Fire has already shown the momentum to grab the second place in global tablet computer market, research firm IHS predicted on Friday. Amazon is expected to ship 3.9 million Kindle Fire tablets during the last three months of 2011...

US House Subpoenas MF Global's Former CEO for Hearing

A U.S. congressional panel on Friday voted without opposition to subpoena Jon Corzine, former chairman and CEO of MF Global, to testify next week on the company 's collapse. MF Global filed for bankruptcy protection on Oct. 31 after a disastrous bet on European debt, and the U.S. ...

Toyota Recalls 210,000 Sienna Minivans

Toyota Motor Corp. said Friday it is recalling 210,000 Sienna minivans for failing to display the correct vehicle capacity weight. Toyota is recalling certain model year 2011 through 2012 Sienna vehicles for failing to disclose the proper maximum load. These vehicles do not meet ...

Renault S.A. to Recall 1,411 SUVs in China

Renault (Beijing), the China unit of French automaker Renault S.A., will recall 1,411 Koleos sport utility vehicles (SUV) in China's mainland starting Dec. 26, the country's quality watchdog said Thursday. These vehicles were manufactured between Oct. 14, 2010 and Jan. 18, 2011, ...

EU Informs WTO, US of Plan to End Airbus Subsidies

The European Union (EU) said Thursday it had sent a report to the World Trade Organization (WTO) and the United States on eliminating all subsidies to the aircraft manufacturer Airbus. In May, a WTO panel made a verdict ruling that EU were giving subsidy to Airbus, including aid ...
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China's farm product pricing plan shifts to market orientation
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GM China chairman to retire
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Minivans rev up sales for GM
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Court rejects Apple lawsuit over iPad name
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sports

Lucrative golf industry lures stiff competition
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Two models stand beside golf equipment and bags at a recent golf ...
Yao's gift of sport for all
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Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
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