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First Reserve's HK office

First Reserve Corp, a private equity firm with a $20 billion portfolio, said it is opening a Hong Kong office, aiming to capitalise on Asia's growing energy demand. First Reserve said Wednesday that it was looking to increase its investments in Asia as industrial growth and ...

Rising travel costs not a deterrent

The travel market has witnessed a price hike on both inbound and outbound flights during the Spring Festival period, an official government statement released Tuesday night said. However, increasingly more expensive prices have not dulled the enthusiasm of Chinesetravelers as the ...

Govt unveils 5-year lottery sales push

The country hopes to sell 600 billion yuan ($91 billion) worth of welfare lottery tickets from 2011 to 2015, up 73.6 percent from the past five years, an official from the Welfare Lottery Distribution and Management Center has said. The sales of welfare lotteries posted an annual ...

Chinese presence missing from Indian air show

The Aero India 2011 air show kicked off in Bangalore Wednesday, welcoming 675 firms and around 40 official delegations from 45 countries and regions, although China did not stand among them.

Fraud allegations denied

China MediaExpress Inc Monday termed the research reports calling the company's financial results into question as "misleading," and said its financial statements are backed by "well known auditors." Shares of the China-based advertising company were up 6 percent at $14.68 in ...

Helicopters may be assembled in Jiangsu

A Shanghai-based Zhong-Ou International Group signed a cooperation agreement with Eurocopter SA to assemble business-use helicopters in China, the Wen Wei Po reported Monday. The agreement, which involves the first private company to tap the helicopter market in the Chinesemainla...

Automakers forecast strong sales for 2011

Bullish forecasts from major car companies lifted hopes for the auto sector, as the likes of Toyota and parts maker Faurecia SA set out new goals for 2011 based on strong growth. The industry has been dogged by concerns about slower demand growth in Asian markets and a bumpy ...

Facebook's HK branch to boost presence

Facebook has opened a Hong Kong office as it looks to boost its presence in Asia. The move comes despite the fact that the social-networking giant is not active on the Chinese mainland, a potentially huge market. The sales office in Hong Kong follows on from the opening of an ...

US seeks allies in currency battle

US Treasury Secretary Timothy Geithner tried to enlist Brazil as an ally in the efforts to get China to allow its currency to appreciate, media reported Tuesday. During his visit to Brazil Tuesday Geithner met with Brazilian President Dilma Rousseff, Finance Minister Guido ...

Tourism boom in Taiwan

Chinese mainland tourists visiting Taiwan island had contributed more than $3 billion in business since mid-2008. As of December, tourists had made 1.82 million visits to the island and spent NT$91 billion ($3.1 billion), the Taiwan local authorities said in a statement.

China's tourism revenue up 27 pct for Spring Festival holiday

China's tourism revenue rose 27 percent during the Spring Festival holiday from the same period last year, the National Tourism Administration said in an online statement posted on Wednesday. The revenue reached 82.05 billion yuan (12.44 billion U.S. dollars) during the week-long ...

Freight charges are the focus for steelmakers

The focus of iron ore negotiations between Chinese steelmakers and global iron ore producers this year will shift to freight price stabilization, to keep steelmakers' costs low, the Economic Observer Newspaper reported. China's steel mills and its steel lobby body, the China Iron ...

Shanghai residential property sales cool

Policies aimed at cooling down the city's residential property market have started to take effect, and trading volume withered in the first week of February. But analysts say investors might tap into commercial properties to evade the higher cost of the residential realty market. ...

China introduces new measures to boost software, integrated circuit sectors

China has introduced new stimulus policies to boost the development of the software and integrated circuit (IC) industries. Software firms will continue to enjoy preferential value-added tax policies, according to a circular posted on the central government's website, www.gov.cn ...

Focus turns to futures trading as commodities surge

Persistently high international commodity prices have increased the Chinese government's concern about surging inflation, and financial experts advised taking better advantage of commodity futures to hedge risks. Shang Fulin, chairman of the China Securities Regulatory Commission...

Hunan Corun's battery purchase

Hunan Corun New Energy Co Ltd said on Wednesday that it has agreed to purchase a division of Panasonic Corp that produces automotive nickel-hydride batteries for 502.4 million yen, or 40 million yuan ($6 million). The Hunan-based battery maker will buy the related nickel-metal...

Chinese train makers hope to be on track for big US rail plan

The country's two major train manufacturers hope to get on track for potential business opportunities following the $53 billion high-speed rail investment plan unveiled by the Obama administration on Tuesday. The plan, announced by US Vice-President Joe Biden in Philadelphia, ...

Nearly 3,000 companies registered in Macao last year

A total of 2,991 new companies have been registered in Macao last year, increasing by 18.3 percent over 2009, according to figures released on Wednesday by the city' s Statistics and Census Service (DSEC). For the whole year of 2010, registered capital value of the new companies ...

Chinese online searching market reaches 3.85 billion yuan

In the 4th quarter of 2010, the Chinese search engine market reached 3.85 billion yuan, an increase of 96 percent year-on-year, according to data released by Enfodesk. In 2010 search engine market in China totaled 11.61 billion yuan, up 62.7 percent over 2009. Analysys Internatio...

New iPad said in production

Apple has begun to make a new version of its iPad tablet computer with a front-facing camera and faster processor, the Wall Street Journal reported, citing people familiar with the matter. The new iPad will be thinner and lighter than the first model and sport a more powerful ...
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Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
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 ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...

trade

sports

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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