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Retailer Eyes More Stores

The promising consumer market on the Chinese mainland is attracting Taiwan firms to invest more while their mainland counterparts are looking for deeper cooperation. Shin Kong Mitsukoshi, a department store in Taiwan, has unfolded its investment plan on the mainland after its ...

Apple Posts Strong Quarterly Earnings

Apple Inc. on Tuesday reported strong third fiscal quarter results that top analysts' expectations, citing strong iPhone and iPad sales. For its fiscal 2011 third quarter ended on June 25, Apple reported net income of 7.31 billion U.S. dollars or 7.79 dollars per share, compared ...

Baidu Signs Music Agreement with Studios

Baidu, China's largest search engine, said on Tuesday it has signed an agreement with major music studios for the licensed distribution of music through its mp3 search service. Baidu said in a statement it had signed the agreement with One-Stop China, a joint venture company ...

PICC Plans $5b to $6b IPO in HK, Shanghai

The People's Insurance Company (Group) of China (PICC), one of the country's largest insurers, plans to raise $5 billion to $6 billion in an initial public offering (IPO) in Hong Kong and Shanghai, International Financing Review (IFR) reported citing two sources with knowledge of ...

BOMCO joins Brazilian firms in partnership

Baoji Oilfield Machinery Co Ltd (BOMCO), the largest oil equipment subsidiary of China National Petroleum Corp (CNPC), has set up a joint venture in Brazil with local companies, CNPC said on its website Monday. BOMCO signed an agreement with the Brazilian companies BRCP and ...

2nd-largest U.S. Bookstore Chain Decides to Liquidate

Ann Arbor-based Borders Group Inc., the second-largest U.S. bookstore chain, announced Monday that it is asking a bankruptcy court for approval to sell the company to a group of liquidator after canceling an upcoming bankruptcy auction. According to reports by the Detroit News, ...

Cisco to Cut 6,500 Jobs

World's largest networking- equipment maker Cisco Systems Inc. on Monday announced that it is cutting 6,500 jobs as part of its moves to boost profitable growth. The layoffs, representing about nine percent of Cisco's regular full-time global workforce, include some 2,100 ...

Coal-bed methane output expected to rise

China plans to more than double its coal-bed methane output by 2015 by boosting incentives. The nation aims to increase annual production to 21 billion cubic meters by 2015 from 8.6 billion cubic meters last year, the country's No. 2 oil and gas producer Sinopec said in a ...

P&G Recalling Mouthwash Products in China

China's top quality supervisor said Friday that Procter & Gamble (P&G) is recalling 35,892 bottles of imported Oral-B mouthwash products as the company detected possible microbial contamination. The products affected were manufactured in Colombia, with the "best before" date ...

Starbucks to Launch Joint Venture with Chinese Coffee-growing Firm

Starbucks Coffee will launch a joint venture with a Chinese coffee-growing company later this year as the two sides signed a business cooperation memorandum of understanding (MOU) here Thursday. John Culver, president of Starbucks Coffee International, signed the deal with Liu ...

Google Quarterly Earnings Beat Estimates

Google on Thursday released its second fiscal quarter earnings with numbers far better than analysts' estimates. The Mountain View, California-based company reported revenue of 9.03 billion U.S. dollars for the quarter ending June 30, 2011, an increase of 32 percent compared to ...

Chrysler Recalls Nearly 250,000 Dodge Ram Pickups

Chrysler Group LLC said Wednesday that it is recalling nearly 250,000 Dodge Ram pickups to replace a steering component that could break and increase the risk of a crash. The Auburn Hills automaker said in documents posted on the website of National Highway Traffic Safety ...

Citibank Opens New Sub-branch in SW China

U.S.-based Citibank established a new sub-branch in Chengdu, the capital city of southwest China's Sichuan Province, on Wednesday. Andrew Au, chairman and CEO of Citibank (China) Co. Ltd., said that Citibank will continue to invest in China and that Chengdu will play an important ...

Iran Launches Int'l Crude Bourse

Iran launched in Tehran on Wednesday an international crude bourse, with its transactions being carried out in the Kish oil stock market on the Persian Gulf island of Kish. The ceremony was attended by Iran's First Vice President Mohammad-Reza Rahimi, caretaker Oil Minister ...

HK shares close 1.67 pct lower

Hong Kong stocks went down 379. 20 points, or 1.67 percent, to close at 22,347.23 on Monday. The benchmark Hang Seng Index opened down 127.81 points, or 0. 56 percent and traded between 22,589.62 and 22,307.22 during the day's session. Turnover totaled 58.39 billion HK dollars ...

Facebook, Time Warner Join Hands to Prevent Bullying

Facebook and Time Warner announced on Tuesday that they are teaming up to launch a wide- ranging, major cross-platform partnership initiative to fight bullying. The multi-media campaign, named "Stop Bullying: Speak Up" after the original anti-bullying initiative by Time Warner's ...

Cisco May Cut as Many as 10,000 Jobs: Report

World's largest networking- equipment maker Cisco Systems may cut as many as 10,000 jobs, some 14 percent of its work force, as part of its efforts to boost profits, U.S. media reported on Tuesday. The cuts include as many as 7,000 jobs that would be eliminated by the end of ...

Google+ May Top 10 Million Users: Report

Google+, the social networking service Google unveiled only two weeks ago, is estimated to surpass 10 million users on Tuesday, possibly becoming the fastest growing product in the history of the Internet. According to Ancestry.com founder Paul Allen (not the co- founder of ...

Agricultural Bank of China Says Profits Up 45 Pct

The Agricultural Bank of China (ABC), one of the country's "big four" state-owned commercial lenders, said Thursday that it expects its net profits in the first half of 2011 to jump more than 45 percent year-on-year. The bank said in a statement filed to the Hong Kong Stock ...

First E-reader Integrating Google's eBooks Platform to Hit U.S. Stores

Google on Monday announced that the first dedicated e-reader which integrates its eBooks platform will soon hit shelves in the United States. The e-reader, called the iriver Story HD, will be available for sale in Target stores across the United States and online on Target.com ...
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Latest World News

china

China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
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 ...

world

market

China's farm product pricing plan shifts to market orientation
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
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...

finance

industry

Minivans rev up sales for GM
Minivans rev up sales for GM
Sales of General Motors and its Chinese ventures accelerated in ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
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 ...

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sports

Lucrative golf industry lures stiff competition
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
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
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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