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Ping'an Insurance GM Resigns for "Personal Reason"

Zhang Zixin, general manager of Chinese Ping'an Insurance, the country's second largest insurer, has tendered his resignation for "personal reason" and his term of office will end on March 18 of 2011, the insurer said late Friday in a statement. In a filing to the Hong Kong stock ...

ICBC Opens New Branch in Osaka

The Osaka Branch of the Industrial and Commercial Bank of China (ICBC) formally opened Friday to the public for business in Odosuji Road, Osaka, the second branch of ICBC in Japan since the opening of Tokyo Branch in 1997. General Manager of ICBC Tokyo Branch Song Ning said at ...

Australia's Largest Telco Telstra Predicts Earnings Fall

Australia's largest telecommunications provider Telstra Corporation Ltd on Friday reiterated its full year financial guidance, and predicted a lift in customer numbers but a fall in earnings for its first half. Chief executive David Thodey told Telstra's annual general meeting ...

Myspace Further Integrates with Facebook

Myspace on Thursday announced a new collaboration with Facebook, a move further linking the two former rivals and seen by some analysts as Myspace 's official recognition of Facebook as the dominant social networking platform. Myspace said that it is offering a new feature dubbed ...

Russian Santa Claus Gets High-Tech Wand

The Russian Navigation Technologies company on Thursday presented a new high-tech cane installed with GLONASS navigation system to Russia's Santa Claus, Grandfather Frost. The new wand will thus keep Grandfather Frost in track during his traditional New Year's gift-dispatching ...

China's Top Automaker Buys about 1% Stake in GM

China's leading automaker SAIC Motor Corp had bought a stake in General Motors, before the U.S. auto giant's IPO in Hong Kong, SAIC said in a statement Thursday. SAIC Motor HK Investment Ltd, wholly owned by SAIC, had acquired 15.2 million ordinary shares for 500 million dollars, ...

Google's Street View Puts German Cities Online

The U.S. Internet giant Google officially put its virtual landscapes of 20 German major cities online on Thursday, a big step of its "Street View program," after two years of facing public doubts on privacy. Internet users can now appropriate three-dimension photographic street ...

Air China to Buy 20 Airbus Planes for 4.49 Bln USD

Air China, the country's leading carrier, said late Thursday that it would pay 4.49 billion U.S. dollars to buy 20 Airbus planes. In a statement filed to the Hong Kong stock exchange, the Beijing-based carrier said Air China and its import agent AIE had entered into the agreement ...

General Motors Returns to Wall Street

General Motors Co. returned to Wall Street on Thursday after it was delisted a year and half ago when the company filed for bankruptcy protection. The car maker raised its IPO to 33 U.S. dollars per share as the offering was much more welcomed than originally planned. The ...

China Telecom Denies Hijacking Internet Traffic

China Telecom Rejects Report of IntChina Telecom, a major wireless service provider in the country, on Thursday denied U.S. allegations that its servers had "hijacked" Internet traffic. "China Telecom has never done such an act," said Wang Yongzhen, a senior press official with ...

World's Retail Giants Competing to Take Over Indonesia's Hypermarket Chain

Three foreign retail giant firms, U.S. Wal-Mart, France's Casino Guichard-Perrachon and South Korea' s Lotte Mart, are tightly competing to acquire Indonesia's retail chain Hypermart, owned by Indonesian prominent retailer PT Matahari Putra Prima (MPP), local media reported on ...

Australia's Qantas Says 14 A380 Engines Affected

Up to 14 Rolls-Royce engines on Qantas A380 superjumbos will need to be inspected and potentially replaced, Australia's Qantas Airways chief executive Alan Joyce said on Thursday. The aircraft engine manufacturer Rolls-Royce had indicated about 40 A380 engines needed to be ...

Volvo CEO Upbeat about Joint Venture with China

Stefan Jacoby, president and chief executive officer of Volvo Cars, said he was positive about the future of a joint venture his company runs in cooperation with China's private automaker Geely. "We are looking for joint cooperations with our sister company Geely.We will have ...

Google Launches New Fashion Shopping Site

Google on Wednesday unveiled boutiques.com, a shopping site designed to help users find clothes and other items that suit their personal tastes. Different from how people buy cameras and other so-called "hard goods," fashion shopping is about discovering something that fits their ...

GM Confirms Increase in IPO Size

General Motors Co. (GM) Wednesday announced that it will increase the size of its initial public offering (IPO) of common stock to 478 million shares from 365 million, excluding over-allotments, if any. Previously, the company also announced an increase in the estimated IPO price ...

Former Northrop Grumman CEO Joins Apple's Board

Apple Inc. on Wednesday announced that Ronald Sugar, former chief executive officer (CEO) of Northrop Grumman, has joined its board of directors. Sugar served as chairman and CEO at Northrop Grumman from 2003 until his retirement in 2010 from the aerospace and defense technology ...

Wal-Mart to Pay 2.3 Bln USD for South Africa Company

Wal-Mart Stores Inc, the world's largest retailer, said Monday it has agreed to pay 2.3 billion U.S. dollars for control of South Africa's Massmart Holdings Ltd. Bentonville, Arkansas-based Wal-Mart said it will buy 51 percent of Johannesburg-based discount retailer Massmart, ...

Volvo to Recall 18,848 Vehicles over Defects in China

Volvo and Changan Ford Mazda Automobile Co. said they would recall 18,848 vehicles in China beginning Monday to repair problems that might pose safety problems. The recall will cover Volvo XC60, C30 2.0, S40 and S80L models in China due to airbag, software, and cooling system ...

China Huaneng Buys Power Generation Assets from Indian GMR

China's top power generation company China Huaneng Group will spend 1.232 billion U.S. dollars buying 50 percent stakes of U.S.-based power generation firm InterGen N.V. from Indian infrastructure developer GMR Group. GMR said the purchase of assets will help China Huaneng tap ...

CNOOC, BEH to jointly Buy Stakes from BP

China National Offshore Oil Company Limited (CNOOC) said Sunday Bridas Corporation, a joint-venture equally-owned by CNOOC International Limited and Argentina-based Bridas Energy Holdings (BEH), will acquire a 60 percent equity interest in Pan American Energy (PAE) from BP for ...
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china

China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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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 ...

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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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