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Hyundai Heavy Sets up Research Center in Shanghai

Hyundai Heavy Industries has set up a research center in Shanghai in a bid to develop strategic products in the long run, the South Korea's top shipbuilder said Monday. The new research center will focus on developing global strategic products such as smart-grid, offshore wind ...

426 Dairy Firms to Close after Inspection

A total of 426 dairy producers will be shut down and another 107 will have to suspend operations following a quality watchdog inspection. Just over half of the producers inspected had authorized licenses and these were granted permission to continue operations, a senior quality ...

Hyundai Heavy Sets up Research Center in Shanghai

Hyundai Heavy Industries has set up a research center in Shanghai in a bid to develop strategic products in the long run, the South Korea's top shipbuilder said Monday. The new research center will focus on developing global strategic products such as smart-grid, offshore wind ...

BOC Says Business Risk in Libya Under Control

The Bank of China now says that its business has suffered no "actual losses" amid the Libyan turmoil, suggesting that the risks are controllable. A BOC spokesperson says the bank's major business in Libya has covered the advanced payments for its contracts and performance ...

Tecent Builds Asia's Largest Data Service Center

Tecent Holdings, China's leading Internet provider, has signed to base its data storage and processing center, which is expected to be the largest of its kind in Asia, in north China's Tianjin Municipality. According to an agreement the company signed with the government of ...

China's Largest Coal Producer Builds Processing Project on China-Mongolia Border

China Shenhua Energy Co. Ltd., the country's largest coal producer, has planned a huge investment to build a coal processing project on China-Mongolia border to better use coal imports from the Republic of Mongolia. The government of Wulate Middle Banner (County), north China's ...

Kumho to Recall 300,000 Faulty Tires in China

A spokesperson with China's top quality watchdog said Saturday Kumho Tires of the Republic of Korea would recall more than 300,000 substandard tires in China beginning April 15. Li Yuanping, a spokesperson with the General Administration of Quality Supervision, Inspection and ...

Google-affiliated Company Investigated for Tax Fraund in China

Three companies affiliated with the search engine Google have been investigated for tax fraud in China, Thursday's Economic Daily reported, citing sources with China's tax authority. The companies have been found using fake invoices, and accounting and business tax irregularities ...

Baidu Agrees to Pay Songwriters

Baidu, China's largest Internet search engine, has agreed to compensate songwriters for music downloads after being criticized for years of embedding links on its site to unlicensed music files. Under an agreement reached on Thursday, Baidu will start paying songwriters via the ...

Chinese, U.S. Steel Firms Open Joint Venture

Jinhuan steel, a leading private steel manufacturing company based in China's Hebei province, and Rigid Building Systems, a Houston-based steel building company, officially opened their joint-venture Rigid Global Buildings Friday. Jinhuan Steel invested about 11 million U.S. ...

Qihoo 360's Model Bodes Well for Chinese Internet Players: Expert

"It bodes well actually for all the Chinese internet players." ... ... ... ... A sign advertising the Qihoo 360 Technology Co Ltd is hung outside of the New York Stock Exchange before the company's Initial Public Offering (IPO) in New York on Wednesday, March 30, 2011. [Photo: ...

SK Telecom to Develop New Technologies with China Mobile

South Korea's top mobile carrier SK Telecom said Friday it has signed a preliminary agreement with China's No. 1 wireless operator China Mobile to develop new mobile and wireless technologies. The largest mobile carriers in South Korea and China have signed a memorandum of ...

Bank of China (HK) to Launch Renminbi Fiduciary Account Scheme

Bank of China (Hong Kong), in the capacity of the clearing bank for the banking business in the Chinese currency in Hong Kong, said Thursday in a statement that it would launch the Renminbi fiduciary account scheme for participating banks on April 8. Under the scheme, participati...

Hong Kong's TVB Shareholding Change Approved

Hong Kong's Broadcasting Authority has approved an application to change the shareholding structure of Hong Kong's well-known commercial TV station Television Broadcasts (TVB), arising from the introduction of an investor group, the Broadcasting Authority said Thursday in a ...

China's Tsingtao Brewery 2010 Net Profit Up 21.6 pct

Tsingtao Brewery Co. Ltd., one of China's leading beer makers, Thursday announced its 2010 net profit hit 1.52 billion yuan (231.8 million U.S. dollars), up 21.6 percent year on year. The company's sales revenue rose 10.4 percent year on year to 19.6 billion yuan due to steady ...

Qihoo 360 More than Doubles in U.S. Debut

Qihoo 360 Technology Co Ltd, China's third biggest internet company by user base, received warm welcome by the U.S. investors on Wednesday, with share prices more than doubled in its debut on the New York Stock Exchange. Beijing-based Qihoo 360 priced its 12.11-million-share IPO ...

NYSE Euronext, Deutsche Boerse Agree to Merge

NYSE Euronext and Germany's Deutsche Boerse announced on Tuesday that they had reached a final agreement on business combination to form the biggest exchange operator in the world. According to their joint statement released on Tuesday morning, the transaction is structured as a ...

Indian Stocks Close 0.23 Pct Higher

The Indian stock benchmark Sensex gained 43.26 points or 0.23 percent Thursday on growth of major world stock bourses. The index saw big fluctuations across the session and ended at 18,489.76 points with daily low of 18,253.62 points. Capital goods, automobile, consumer durables ...

China to Take Measures to Ensure Energy Supplies in 2011: NEA

China will take measures to ensure energy supplies in 2011 to meet growing demand, a National Energy Administration (NEA) official said Friday. The government will boost energy production and control consumption, Wang Siqiang, deputy director of the NEA General Affairs Department...

Ghana Gets Ready for Oil Production

Ghanaian President John Evans Atta Mills is set to press the button for the first oil well at offshore the Jubilee Oil Field on Wednesday and officially declare that Ghana is among the oil producing countries in the world. Minister for Energy Joseph Obteng Adjei described the ...
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