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Working conditions in Samsung under spotlight after court ruling (2)

The welfare agency should also be ordered to pay compensation for the three cancer cases, the umbrella group composed of labor, human rights and political activists demanded. As of March this year, Banollim has received a total of 46 reports of deaths and scores of other cases of ...

Industrial rebound evident at Paris Air Show (2)

SOARING DEMAND FROM EMERGING MARKETS On Thursday, the show saw the record for the largest number of planes sold in one contract, as Malaysia's AirAsia, the largest budget airline in Asian-Pacific region, placed a firm order with Airbus for 200 A320neo aircraft. It beat a previous ...

U.S. rig count rises to 1,882

The number of operating oil and natural gas rigs in the United States rose sharply by 22 to 1,882 this week, according to a weekly report released here on Friday. A total of 1,003 rigs were exploring for oil and 873 for natural gas, with another six rigs listed as miscellaneous, ...

Spain raises speed limit as oil price dips

The Spanish Government said Friday the maximum speed limit on the country's highway will return to 120 kilometers per hour on July 1 as lower oil price has made it less attractive for drivers to go slower to save fuel. Spain lowered the maximum speed limit to 110 kilometers on ...

Industrial rebound evident at Paris Air Show (3)

GREEN FLIGHT SHAPING FURTURE Much of Airbus' success was owed to increasing calls for less-emission, lower-cost and greener aircraft, making the European aircraft maker's eco-efficient A320neo Family a popular catch. With new engines that could save 15 percent in fuel cost, ...

U.S. durable goods orders rise 1.9 percent in May

Orders for U.S. manufactured durable goods rebounded 1.9 percent in May after a decrease of 2.7 percent in April, the Commerce Department reported Friday. Orders for the long-lasting manufactured products in May increased 3.6 billion U.S. dollars from April to 195.6 billion ...

Capgemini China buying PraxiSolution to expand services in electrical power market

Consultancy company Capgemini China announced Friday that it has taken over PraxiSolution, a Chinese consultancy firm, underscoring its desire to break into the country's electrical power market. The company did not disclose the details of the transaction. By combining the two ...

Volvo plant in Daqing

Swedish car maker Volvo, which was acquired by China's Geely Holding Group last year, will build its second plant in Daqing, northeast China's Heilongjiang Province. According to a review report from the Ministry of Environmental Protection, the new plant covers an area of 84 ...

China's SUV sales to set global pace soon

China overtook the United States as the world's largest car market on sales of sedans. Future growth lies with sport utility vehicles (SUVs). SUV deliveries rose 30 percent this year through May, compared with a 6 percent gain for total passenger car sales, according to the China ...

Combined transport service available for Beijing-Shanghai express railway

The soon-to-be-opened Beijing-Shanghai express railway will establish a combined transport service at Shanghai station with the airline company, which enables passengers to transfer from railways to airplanes without taking other transportation, according to an agreement signed ...

Steady growth in helicopter sales expected (2)

AVIC Helicopter's Tianjin base, in the Tianjin Airport Economic Area, has delivered two helicopters to clients this year. AVIC's annual production capacity at the Tianjin base is expected to rise to around 300 helicopters annually by 2017. For the upcoming "China Helicopter ...

Media Markt to expand across nation

Seven months after it entered the Chinese market, the international consumer electronics retailer Media Markt on Thursday revealed plans to expand its presence across the nation. Media Markt China, a collaboration between the Germany-based electrical goods retail group Media...

Dongfeng Honda production to return to normal after Japan quake

Sino-Japanese automobile manufacturer Dongfeng Honda will begin restoring normal operations in July, company sources said Thursday. The company, which is based in Wuhan, the capital city of central China's Hubei Province, has reduced production of its flagship CR-V automobile ...

Chinese companies eye iconic office space in Manhattan

Beijing-based Aviation Industry Corporation of China (AVIC) International, which has specialized in aviation trade and international market development for more than 30 years, announced on Tuesday its intention to reopen its East Coast office in 1 World Trade Center. AVIC ...

Major steel producers continue to cut prices

China's major steelmakers continued to cut July delivery prices on Wednesday. Companies began lower prices on June 17, in expectation of slowing market demand. Eight Chinese steelmakers cut the price of their products on Wednesday for July delivery, after 27 mills reduced prices ...

Steelmakers victim of iron ore monthly pricing

Rio Tinto has decided to adopt a monthly iron ore pricing mechanism, shifting from previous quarterly pricing, Reuters reported Wednesday. Steel Business Briefing (SBB) TSI index manager for China Han Xun said that prices for both raw materials and steel products have this year ...

Major steel producers continue to cut prices

BEIJING - China's major steelmakers continued to cut July delivery prices on Wednesday. Companies began lower prices on June 17, in expectation of slowing market demand. Eight Chinese steelmakers cut the price of their products on Wednesday for July delivery, after 27 mills ...

Baosteel may buy stake in a mill in Malaysia

SINGAPORE - Baosteel Group Corp, China's second-biggest steelmaker, is in talks to buy a stake in a steel unit of Malaysia's Lion Group for about $1 billion, said two people with knowledge of the matter. The size of the holding in Amsteel Mills Bhd to be sold has yet to be ...

China Mobile likely to roll out iPhone

China Mobile is expected to offer iPhone, likely a 4G version, on its network in September, sources said Thursday. "A new iPhone with China Mobile's network will debut and the cooperation will be announced in September," China Mobile's Beijing-based marketing official Liu Yang ...

BAIC builds auto production base in south China

The Beijing Automotive Industry Holding Co.,Ltd. (BAIC) started construction on an automobile production base on Wednesday in Guangzhou, capital of south China's Guangdong Province. The company's total investments for the base amount to 5 billion yuan (773.5 million U.S.dollars), ...
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China offers inspirations to global dilemmas
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Merck to put $1.5b in R&D
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IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
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Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
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Boeing Wins Biggest Order of US$26b
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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 ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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