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Slovakia road no go for mainland engineering firm

SHANGHAI - In early December 2010, China State Construction Engineering Corp announced a 27 percent rise in annual revenue to 330 billion yuan ($50 billion). It was at this point that Meng Qingyu, the company secretary, told reporters that the outlook for 2011 was bright owing to ...

China OKs JPMorgan, Morgan Stanley joint ventures

HONG KONG - Chinese regulators gave approval on Friday to the banking joint ventures of JP Morgan Chase & Co and Morgan Stanley, bringing the banks a step closer toward operating securities businesses in China that they, and other banks, have long sought. For JP Morgan, the ...

Battery plant blamed for lead poisoning

GAOHE TOWNSHIP, Anhui -- A battery plant just a few steps from a densely-populated community in east China's Anhui province was to blame for lead poisoning that hospitalized 28 children, the local government said Thursday. Borui Battery Co Ltd, which is separated from Xinshan ...

Shanghai may spend $15b on Disneyland project

The construction of Shanghai Disneyland project and the international tourist resort is likely to cost the municipal government more than 100 billion yuan ($15.1 billion), higher than the expense of last year's World Expo, 21st Century Business Herald reported Wednesday, citing ...

Americas: Heads of House panels overseeing energy development on US lands named

US Representative Doc Hastings, the incoming chairman of the House of Representatives Natural Resources Committee, on Wednesday appointed the five Republicans who will help oversee energy development on federal lands. Hastings' picks to lead the subcommittees of the House Natural ...

Americas: Heads of House panels overseeing energy development on US lands named

US Representative Doc Hastings, the incoming chairman of the House of Representatives Natural Resources Committee, on Wednesday appointed the five Republicans who will help oversee energy development on federal lands. Hastings' picks to lead the subcommittees of the House Natural ...

Americas: US to update rules for private wells in national parks

US federal regulators have begun a multi-year process to write new regulations governing the about 693 private oil and natural gas wells that now exist in 12 national parks. The National Park Service said Wednesday it is developing a Programmatic Environmental Impact Statement ...

China Non-ferrous Metals Trade up 46.5%

China's non-ferrous metals imports and exports rose 46.5 percent year on year to 108.48 billion U.S. dollars in the first 11 months of the year, the Ministry of Industry and Information Technology (MIIT) said Thursday. Imports grew 40.6 percent year on year to 83.15 billion U.S. ...

China launches new commercial debt product

Three Chinese companies will issue China's first "super and short-term commercial paper" (SCP), Reuters reported Wednesday, citing the National Association of Financial Market Institutional Investors (NAFMII). China National Petroleum Corp (CNPC), Sinopec Corp and the Ministry of ...

China's economic planner urges local gov't to ensure energy supply

China's top economic planner urged Wednesday local governments to step up efforts to ensure energy supplies amid the peak season of energy consumption. Relevant authorities should ramp up efforts to ease possible shortages in coal, power, oil and gas supplies in some areas, which ...

70% of China's top companies shirk corporate responsibility

More than 70 percent of China's top corporations do not engage in corporate social responsibility, according to a recent report by the Chinese Academy of Social Sciences (CAS). The CAS released "The Blue Book of Corporate Social Responsibility: Research Report on Corporate Social ...

ABC likely to issue 51.4b shares in IPO

Mideast sovereign funds eyeing strategic investments in lender BEIJING - The Agricultural Bank of China (ABC) is likely to issue up to 51.4 billion shares in its much-awaited initial public offering (IPO), accounting for 16 percent of its total capitalization, a source close to ...

China sovereign fund buys 45% stake in Russian oil company

China Investment Corporation (CIC), the nation's sovereign wealth fund, announced Friday that it had closed the first phase settlement for the purchase of a 45 percent stake in Nobel Oil Group. The $300 million investment would be completed in two phases. In the first phase, ...

TMX Group CEO expecting fabulous growth stories from China

TORONTO: Thomas A Kloet, chief executive officer (CEO) of the Toronto Stock Exchange Group, has good reasons to beef up his confidence in China. "Many good (performance) stories Chinese companies need to tell to North American investors, and TMX is the right stock exchanges for ...

China's stocks rise most in six months as economy concern wanes

China's stocks rallied, driving the benchmark index to its biggest gain in almost six months, on speculation the government will abstain from further measures to cool the property market given Europe's debt crisis. The Shanghai Composite Index rose 78.79, or 3.1 percent, to 2,662...

Mideast sovereign funds eye AgBank IPO

BEIJING: Several Middle Eastern sovereign wealth funds are holding talks with the Agricultural Bank of China about investing in its initial public offering (IPO) in Shanghai and Hong Kong this year, the China Business News reported Monday. The Kuwait Investment Authority intends ...

PetroChina to be ABC strategic investor

BEIJING: Agricultural Bank of China(ABC) is set to bring on board PetroChina, the country's biggest oil and gas producer, as one of its strategic investors for its long-awaited initial public offering, local media reported. The bank would give priority to domestic enterprises ...

China to impose resource tax nationwide

BEIJING - China will impose nationwide a tax on oil and gas drilling and other resource industries to raise money for development in poor western regions, an official said Thursday. Beijing is carrying out a test of such a tax in its oil-rich western region of Xinjiang and plans ...

US slaps punitive penalties on Chinese steel pipes

WASHINGTON - The United States on Friday imposed anti-dumping duties ranging from 30 percent to 99 percent on imports of steel pipes used in oil and gas wells, a move that might escalate trade disputes between the two countries.The Commerce Department said in a statement that ...

China slaps duties on US, Russian silicon steel

BEIJING: China has imposed countervailing duties on grain-oriented electrical steel produced in the United States, as well as anti-dumping duties against Russian and US steel, its customs administration said. US producers will be assessed for anti-dumping duties of up to 64.8 ...
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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Bill Gates talks nuclear
Bill Gates talks nuclear
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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
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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
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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
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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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