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China's Everbright Bank Plans H-share IPO

China Everbright Bank will issue no more than 12 billion shares in Hong Kong, the bank announced Sunday. The H-share IPO will be made through a public offering and global allocations, the mid-sized bank said in a statement filed with the Shanghai Stock Exchange. The H-share IPO ...

Google Launches Web Store for Android Devices

Google on Wednesday officially unveiled a web-based store for users to browse and download applications for their devices running on Google's Android operating system. With the new Android Market website, users can now browse and search for apps right from their web browser, Eric ...

Chinese Banks' Capital Adequacy Improves in Q4

China's banking regulator on Friday said the country's commercial banks had improved their capital adequacy at the end of last year. Data released Friday by the China Banking Regulatory Commission (CBRC) showed the average capital adequacy ratio of Chinese commercial banks stood ...

Goldman Sees Sina as 'Neutral'

Goldman Sachs' downgrading Sina Corp's shares to "neutral" from "buy," citing limited value in its twitter-like micoblog service Weibo, caused the stock to drop 3.85 percent on Wednesday. Sina's shares closed at US$89.74 on Nasdaq on Wednesday. The downgrade sparked a discussion ...

China's High-speed Trains Enter British Market

Britain will rent or buy high-speed bullet trains produced by the CSR Corporation, a Chinese railway equipment manufacturer. CSR will lend a batch of train apparatus to Britain for their high-speed railway reconstruction and discuss new train design plans. A joint venture may be ...

ZTE to Establish Joint Program with Dutch Operator KPN

Chinese telecommunications company ZTE will establish a joint program with the Dutch service provider KPN Mobile. The deal was announced Wednesday during the annual Mobile World Congress in Barcelona. The new deal will focus on the development of both FDD and TDD versions of LTE, ...

Spain's Gamesa to Develop Wind Energy Projects in N China

Wind turbine manufacturer Gamesa has signed cooperation agreements with two Chinese companies to develop projects in China, the company said Wednesday. The deals with Guangdong Nuclear Wind Power and Huadian New Energy Development will focus on projects in China's Jilin Province ...

HK's BEA Posts Record After-tax Profit for 2010

Bank of East Asia, the largest independent local bank in Hong Kong, said Tuesday that it achieved a record after-tax profit of 4.3 billion HK dollars (552.4 million U.S. dollars) in 2010, jumping 60.8 percent from a year earlier. In an annual-result statement filed to the Hong ...

GM to Continue Investing Aggressively in China

General Motors will continue investing aggressively in China, the largest market of General Motors, General Motors (GM) Co. Chairman and CEO Dan Akerson said Tuesday. China played a significant role in GM's success in 2010, he said at a media briefing in Beijing. In 2010, GM and ...

Samsung Elec Unveils New Smartphone, Tablet

South Korea's Samsung Electronics, the world's second-largest mobile phone maker, rolled out Monday a new smartphone and a tablet computer. Samsung unveiled the Galaxy S II, an update to its popular Galaxy S, and the fresh tablet computer Galaxy Tab 10.1 at the Mobile World ...

Boeing Unveils 747-8 Intercontinental

Boeing has just unveiled its new jumbo jet 747-8 Intercontinental.It is seen as competition for the Airbus A380 superjumbo. The plane can seat 467 passengers - 51 more than the current 747 - while burning less fuel.Other features of the new plane include new wings, a new tail, a ...

China Unionpay Card Overseas Transactions Rise 44 pct on-year during Spring Festival

China Unionpay Co., the world's largest credit card company in terms of number of cards issued, said Thursday its overseas transactions grew robustly during this year's Spring Festival holiday, which lasted from Feb. 2 to 8. The value of overseas transactions using the China ...

Boeing Unveils New Passenger Plane 747-8 Intercontinental

Boeing on Sunday unveiled 747-8 Intercontinental, a new wide-body jet airliner touted by the U.S. aviation giant as the only airplane in the 400-500 seat market. About 10,000 guests, including customers, Boeing employees, government officials, partners and suppliers, gathered in ...

Facebook Opens Hong Kong Office

The social-networking website Facebook has now opened an office in Hong Kong, as it expands in Asia. The new Hong Kong office comes on the heels of Facebook offices in India and Singapore, which were set up last year. The new office will support advertisers and its marketing ...

PetroChina in $5.4bn Canada Gas Buy

PetroChina Co. Ltd., China's largest oil producer, announced Thursday that it has agreed to buy a 50-percent stake in a natural gas project with North American gas giant Encana Corporation for 5.4 billion Canadian dollars (5.43 billion U.S. dollars). The cooperation agreement ...

Honda to Recalls over 30,000 Units Vehicles in Indonesia

Honda Prospect Motor, the sole agent for Japanese automaker Honda in Indonesia, would recall 30, 252 units vehicles in Indonesia as part of a worldwide voluntary safety recall, a media reported on Monday. The recall on the Jazz hatchback, City Sedan and Freed compact minivan ...

Renren.com Is Said to Plan U.S. IPO

Renren.com, China's largest social- networking service, is seeking to capitalize on strengthening demand for the nation's Internet stocks with a U.S. initial public offering. It is preparing an IPO of about $500 million US dollars this year. The banks handling the IPO are Morgan ...

Huawei Wins US Court Order on IPR

Huawei Technologies Co has won a United States court order to ban Motorola disclosing its intellectual property rights to Nokia Siemens Networks which hopes to buy the American firm's network business, the Shenzhen-based firm said Wednesday. In Chicago, US District Judge Sharon ...

BOC Maintains Lead in Int'l Settlements

Bank of China, the country's third largest lender, said Saturday that it has maintained its first-place position worldwide in the global banking industry in terms of international settlements last year. BOC's international settlements volume hit 1.97 trillion U.S. dollars in 2010...

Cisco to Buy Video Technology Firm Inlet for 95 Million Dollars

Networking equipment giant Cisco Systems Inc. on Friday announced its intent to buy privately- held Inlet Technologies, in a move to strengthen its capabilities to deliver on-line video to any device. Under the terms of the agreement, Cisco will pay about 95 million U.S. dollars ...
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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 ...
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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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