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Lenovo Consolidates Argentine Market Share: China's Lenovo Group Limited, the country's largest PC producer, said Thursday that it has become Argentina's second largest PC provider, with a market share of 17.3 percent in the second quarter of this year. This increased presence in Argentina helps create the opportunity for ...

BMW Recalls 241,000 Sedans in U.S. for Faulty Lights: BMW AG said on Thursday it will recall 241,000 sedans in the United States to fix a rear-light defect it says may cause crashes. The models include the 325I, 325XI, 330I, and 330XI built between 2002 and 2005. The National Highway Traffic Safety Administration said on its website ...

Firms Take 15 pct Stake in Brazil's Niobium Producer CBMM: Three Chinese firms have jointly acquired 15 percent of stake in the world's largest supplier of niobium, Brazil's CBMM. The Taiyuan Iron and Steel (Group) Co. Ltd. headquartered in northern Shanxi Province, CITIC Group and the Shanghai-based Baoshan Iron and Steel Group ...

Toast to Increase Prices: Shares of Chinese liquor maker Wuliangye hit a nine-month high Wednesday after it announced it would raise product prices by 20 to 30 percent to offset rising costs and to tap demand. The Sichuan Province-based company will increase prices on its Wuliangye premium product series ...

Operation Risks, Restructuring Obstacles in Some SOEs: Report: Some of China's state-owned enterprises (SOEs) face difficulties in structure adjustments as well as risks in their non-principal businesses, according to a report submitted Wednesday to the State Council, or the Cabinet. Last year, 38 state-owned enterprises entered the world's ...

Chinese Bank Forex Surplus Hits $43.2 Bln in July: China's foreign exchange watchdog said Wednesday that Chinese banks' foreign exchange surplus from bank-to-client transactions reached 43.2 billion U.S. dollars in July. In July, institutional and individual clients sold 136.1 billion U.S. dollars in foreign exchange to banks ...

Company Says 99% of Oil Spill Cleared: US oil company ConocoPhillips said on Monday it had cleaned up 99 percent of the mineral oil-based drilling mud near Platform C at Penglai 19-3 oil field, as a deadline ordered by China's oceanic authorities is approaching. By Aug 29, 399 cubic meters of mineral oil-based ...

Statement Changes Unnerve Investors: Toronto-listed Chinese tree plantation operator Sino-Forest Corp Tuesday blamed the plunge in its share price amid fraud allegations on the Canadian securities supervisor changing its statement, which unnerved investors. The embattled Chinese firm said the statement issued by the ...

S&P Confirms Russia's "Stable" Credit Ratings: Standard & Poor's is maintaining Russia's stable sovereign credit rating, listing it as an A-3 for its short-term outlook, but BBB for its long-term one. The long-term rating for Russia's ruble-denominated bonds remains at a BBB+ level, while short-term rating has been re...

ConocoPhillips says 99% of oil spill cleared: US oil company ConocoPhillips said on Monday it had cleaned up 99 percent of the mineral oil-based drilling mud near Platform C at Penglai 19-3 oil field, as a deadline ordered by China's oceanic authorities is approaching. By Aug 29, 399 cubic meters of mineral oil-based ...

BYD Said to Lay off 70% of Sales Staff: BYD Co is reported to lay off 70 percent of staff working at its auto sales unit following a plunge in sales this year amid stiff competition. The battery and car manufacturer, backed by United States billionaire Warren Buffett, plans to cut the workforce at the sales unit to 800 ...

Overseas Banks See Firm Profit Growth: Overseas banks in Shanghai posted strong growth in profits for the first six months of this year because confidence recovered following the end of the global financial crisis, the local banking regulator said Tuesday. The combined profits for the overseas lenders in the city ...

Sina Acquires 9% Stake in Tudou: Sina has bought a 9-percent stake in Tudou. The deal is worth an estimated 66.4-million US dollars. The agreement comes following a lackluster IPO by Tudou in New York earlier this month Analysts say growing competition in China's online video market is pushing up licensing costs ...

CCB Says BofA Holding Cut Understandable: China Construction Bank (CCB), the country's second largest lender, said Tuesday that it "understands" Bank of America's (BofA) decision to sell half of its 10 percent stake in CCB, and that the cooperation between the two banks will deepen in future. The U.S. banking giant ...

Design Firm Sues Sony over Copyright: Shanghai Shuimu Animation Design Co has sued two companies, including Sony China, over intellectual property rights violation, in the country's first case where a Chinese company is taking a big-name rival to court. Shuimu Animation found that four pieces of its cartoon artworks ...

PetroChina net earnings up 1%: PetroChina Co managed to eke out a 1 percent gain in first-half net earnings as higher oil prices and output offset the losses in the company's refining and gas import business. Net profit in the first six months of this year totaled 66 billion yuan (US$10.3 billion), or 0.36 ...

Huawei Leads Top 500 Chinese Private Firms: Huawei, a leading information and communication technology solutions provider based in the southern city of Shenzhen, ranked first among China's top 500 non-State owned firms in 2010 with a business revenue of 185.2 billion yuan ($28.9 billion), a survey released Thursday shows. ...

CNOOC's H1 net profit jumps 51.4%: The China National Offshore Oil Company (CNOOC) announced Wednesday that its net profits soared by 51.4 percent year-on-year to reach 39.34 billion yuan ($5.16 billion) in the first half of 2011, boosted by the construction of new oilfields and projects amid high oil prices. In a ...

Greenpeace Finds Toxic Chemicals in Clothes: Products from the Chinese clothing giant Li Ning have been reported to contain the toxic chemical nonylphenol ethoxylates (NPE), according to a report released by Greenpeace on Tuesday, August 23. Greenpeace's study, which tested clothing products in China, Argentina, Austria, ...

CNOOC's H1 net profit jumps 51.4 pct to 39.34 bln yuan: The China National Offshore Oil Company (CNOOC) announced Wednesday that its net profits soared by 51.4 percent year-on-year to reach 39.34 billion yuan (US$5.16 billion) in the first half of 2011, boosted by the construction of new oilfields and projects amid high oil prices. In ...

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China's farm product pricing plan shifts to market orientation: The Number One Document also proposed a new pricing plan for China's ...

IMF chief warns of risks to recovery: DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...

GM China chairman to retire: CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...

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Court rejects Apple lawsuit over iPad name: Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...

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Lucrative golf industry lures stiff competition: Two models stand beside golf equipment and bags at a recent golf ...

Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

Fourteen countries expected to compete in Cuba's wrestling tourney: Some 14 countries and regions are expected to compete in the 45th ...

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