company

Walmart, the world's leading retailer, announced on Monday that it is setting up an e-commerce hub in Shanghai to handle the group's online business operations in China. It will be Walmart's second e-commerce hub in the world after the one in New York. Barry Friedman, vice ...
The number of operating oil and natural gas rigs in the United States rose sharply by 22 to 1,882 this week, according to a weekly report released here on Friday. A total of 1,003 rigs were exploring for oil and 873 for natural gas, with another six rigs listed as miscellaneous, ...
Hainan Airlines is now set to start flights from Inner Mongolia to Russia next week. The new service between the cities of Manzhouli and Chita will run on Thursdays and Sundays. More than 70 percent of trade between China and Russia passes through Manzhouli. The travel time ...
BEIJING -- Twelve property firms have been fined a total of 3.64 million yuan ($563,000) by China's price watchdog for failing to mark or fabricating the sale prices of homes they were selling, according to the country's top economic planner. The malpractices were discovered ...
BEIJING -- Consultancy company Capgemini China announced Friday that it has taken over PraxiSolution, a Chinese consultancy firm, underscoring its desire to break into the country's electrical power market. The company did not disclose the details of the transaction. By combining ...
China's major state-owned banks plan to set up second headquarters in Shanghai, which will help the city grow as a global financial center, Shanghai Vice Mayor Tu Guangshao said Thursday. The Bank of China has already submitted a written proposal for its Shanghai headquarters. ...
China Mobile is expected to offer iPhone, likely a 4G version, on its network in September, sources said Thursday. "A new iPhone with China Mobile's network will debut and the cooperation will be announced in September," China Mobile's Beijing-based marketing official Liu Yang ...
BEIJING - Carrefour SA China signed a strategic memorandum with the Ministry of Agriculture in Beijing on Friday, a move in line with the Chinese government's eagerness to tame rising inflation. The memo aims at improving direct supply to supermarkets, through which retailers can ...
SHANGHAI - As part of its strategy to move into China's second- and third-tier cities, Cyma SA aims to expand sales of watches designed especially for the Chinese market to 500 in the next five years. "At the moment, there are more than 130 selling points across the Chinese ...
BEIJING - Airlines linking Beijing, Shanghai and cities between the two cities have been searching for ways to prevent passengers from flowing onto the new high-speed line that will start operation on June 30. Those measures include more discounts, as well as free train rides and ...
SHANGHAI - The top three main challenges foreign companies face when posting employees in China are compliance issues, elevated compensation and immigration issues, a survey by Ernst & Young has indicated. As companies try to compete in rapidly growing economies, postings to ...
SYDNEY - Sinosteel Midwest Corp, a unit of Sinosteel Corp, suspended work on a A$2 billion ($2.1 billion) iron ore project in Western Australia because of "uncertainty" about the development of the Oakajee port and rail development. "The completion date for the Oakajee port and ...
SHANGHAI - Seven months after it entered the Chinese market, the international consumer electronics retailer Media Markt on Thursday revealed plans to expand its presence across the nation. Media Markt China, a collaboration between the Germany-based electrical goods retail group ...
Rio Tinto has decided to adopt a monthly iron ore pricing mechanism, shifting from previous quarterly pricing, Reuters reported Wednesday. Steel Business Briefing (SBB) TSI index manager for China Han Xun said that prices for both raw materials and steel products have this year ...
PARIS -- Airbus would be happy to expand its cooperation with the Chinese aviation industry after 26 years of success, says the president of Airbus China. "Our long-time strategy is to build continuously an ever-increasing footprint in China," Laurence Barron, president of Airbus ...
BEIJING - China's major steelmakers continued to cut July delivery prices on Wednesday. Companies began lower prices on June 17, in expectation of slowing market demand. Eight Chinese steelmakers cut the price of their products on Wednesday for July delivery, after 27 mills ...
SINGAPORE - Baosteel Group Corp, China's second-biggest steelmaker, is in talks to buy a stake in a steel unit of Malaysia's Lion Group for about $1 billion, said two people with knowledge of the matter. The size of the holding in Amsteel Mills Bhd to be sold has yet to be ...
NEW YORK - Beijing-based Aviation Industry Corporation of China (AVIC) International, which has specialized in aviation trade and international market development for more than 30 years, announced on Tuesday its intention to reopen its East Coast office in 1 World Trade Center. ...
PARIS -- Hainan Airlines was named 2011 "Best Airline China" and "Staff Service Excellence China" in the annual Skytrax awards at the Paris Air Show Wednesday. Skytrax, a London-based air transport research and review organization, unveiled the 2011 Skytrax World Airline Awards. ...
Hainan Airlines has now been named this year's "Best Airline China." It has also won the "Staff Service Excellence China" award at the annual Skytrax awards at the Paris Air Show. Skytrax is a London-based air transport research and review organization. Hainan Airlines is ...
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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 ...
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 ...
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 ...
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 ...