company

FAW Car Co, a unit of one of China's three largest auto makers, First Automotive Works, said Thursday its net profit rose 49.8 percent to 1.6 billion yuan ($234 million) in 2009 from a year earlier, fueled by strong sales. Business revenue was up 37 percent year on year to 27.7 ...
Air China Ltd, the nation's third- biggest carrier, intends to buy Shenzhen Airlines Co to add a hub in the south of the country. "Shenzhen Air is very important in terms of building a strategic network," Chairman Kong Dong said today in Beijing, where he is attending a meeting ...
China Mobile Ltd shares may fall in Hong Kong trading on concern the world's biggest phone company by value is deviating from its main business by considering an investment in Shanghai Pudong Development Bank Co. "Shareholders will take this negatively," said Bertram Lai, who ...
NEW YORK - American International Group Inc (AIG), whose history in insurance spans 90 years from a Shanghai start-up to the biggest US bailout, is swapping its roots in Asia for cash as rivals seek to expand beyond shrinking markets. AIG's planned $35.5 billion sale of Hong Kong...
BEIJING: Qingdao Port, the seventh-largest port in the world, is gearing up to tweak its business strategy to focus more on the import side, said Chang Dechuan, president of the port. The State-owned port is likely to reduce the momentum on its more export-oriented container ...
Sina Corp, operator of China's third-most-visited website, reported fourth-quarter profit that missed analysts' estimates after sales dropped and the company raised spending to add services. Net income rose to $372.1 million, or $6.03 a share, from $25.2 million, or 42 cents, a ...
HONG KONG - Sands China Ltd, Asia's biggest listed casino operator, said 2009 profit rose 22 percent on higher spending in the world's biggest gambling hub. Net income increased to $213.8 million from $175.7 million a year earlier, Sands China, which has the second-biggest market ...
China UnionPay (CUP), the largest bank card organization in China, Tuesday launched a card payments business in Brunei in an alliance with local bankcard network Baiduri Bank Co. CUP cards would be accepted at hundreds of high-end retail stores, hotels, and restaurants in Brunei, ...
SKOPJE, Macedonia: China's Zhengzhou Yutong Group would supply 202 double-decker buses for the Macedonian capital's public transport system, the Transport Ministry said late Monday. Retro design was the key element that won the company the 41 million euro ($55.4 million) deal, ...
China Development Bank (CDB), one of China's three policy banks, lent 261.3 billion yuan ($38 billion) to country's centrally-administered state-owned enterprises (SOEs) in 2009, up 47.8 percent year-on-year, CDB said in a statement Tuesday. The loans mainly went to support ...
France-based Pharmaceutical giant Sanofi-aventis will continue to look for partnership opportunities in China after it launched a joint venture with Minsheng Pharmaceutical, the company s top management said Tuesday. "The deal with Minsheng Pharmaceutical is expected to receive ...
HONG KONG - Gome Electrical Appliances Holdings Ltd, China's second-biggest electronics retailer by market value, said a unit was indicted for bribery at the Second Intermediate People's Court of Beijing. Hong Kong-listed Gome will "actively defend" itself against the accusations...
The non-performing loans (NPL) ratio of the Industrial and Commercial Bank of China (ICBC), the world's largest bank by market value, stood at 0.56 percent in 2009, down from 2.29 percent the previous year, ICBC said in a statement Monday. The ICBC's NPL ratio was also lower than ...
China's PICC Group, the country's top non-life insurer, expects to sign a strategic partnership by the end of year before going public, the group's president said in remarks published on Wednesday. Wu Yan, the group president, told the China Business News that the company favours ...
Vale SA, BHP Billiton Ltd, and Rio Tinto Group may demand a 30 percent to 50 percent increase in the prices of iron ore in the July quarter, taking advantage of rising demand from steelmakers, according to Taiwan's China Steel Corp. The forecast is "an opinion," Taiwan's largest ...
RIO DE JANEIRO - China's State-run electricity grid firm has agreed to buy seven Brazilian transmission companies from Plena Transmissoras for 3.1 billion reais ($1.72 billion), local media reported on Tuesday. Plena, controlled by a group of Spanish energy firms, will sell seven ...
BEIJING - Government efforts to cool down the nation's red-hot property market are unlikely to have a major impact on China's building materials sector, according to a report from the China Building Material Circulation Association (CBMCA). The Building Materials Home Index (BHI)...
Japanese electronics retailer LAOX Co and Media Markt, part of Germany's largest retailer METRO AG, Monday announced that they would open stores in Shanghai, adding even more heat to the fierce competition in the domestic market, the Beijing Business Today reported. LAOX ...
China's Sinopec Corp said on Tuesday it has not yet entered formal discussions with Saudi Aramco over investing in the giant Yanbu refinery in Saudi Arabia, due to concerns about the high investment cost there. "A 400,000 bpd (barrels per day) refinery costs around 30 billion ...
Zhonghang Huiteng Windpower Equipment Co, China's largest maker of wind turbine blades, has targeted growth abroad, primarily in the United States, as it positions itself for a planned IPO in Shanghai, a top executive told Reuters. The Baoding-based manufacturer, which recorded ...
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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Bill Gates talks nuclear
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