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COSCO acquires rights to Athens port: Despite financial turmoil surrounding Greece, COSCO Pacific, a port operator subsidiary of China's State-owned shipping giant China Ocean Shipping (Group) Co (COSCO), has signed a US$4.2 billion deal to take over management of an Athens container port. COSCO signed a 35-year ...

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 ...

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 ...

Anyone Today Can Look up and Harness Solar Energy: Suntech Chairman: "The cost of the technology was reduced dramatically in the past ten years, and that makes it possible for us to benefit more people with a sustainable and clean solution,"Zhengrong Shi, the founder and chairman of Suntech Power Holdings Co. Ltd, a leading solar energy company ...

Asia: Brightoil takes 3-year lease on Singapore oil products storage: p>Hong Kong-listed Brightoil Petroleum has taken a three-year lease on oil products storage capacity in Singapore, the company said in a statement issued Thursday in response to a stock exchange query. Brightoil said it had noted the recent increase in its share price but was not ...

Gome sues former chairman Huang Guangyu: Hong Kong-listed Chinese electronics retailer Gome Electrical Appliances said it filed a writ of summons against former chairman Huang Guangyu at HK's High Court on Thursday for Huang's alleged breach of fiduciary duties in early 2008 as a former board director. In a filing to ...

Inflation Shoots up China's Gold Purchases: China's investment-driven consumption of gold will nearly double this year to 45 billion yuan ($6.7 billion U.S. dollars), due to rising concerns over inflation and restrictions on property investment, the World Gold Council announced on Thursday. The China Daily quotes Albert ...

Budget Carrier Jetstar Flies into Singapore's Long-haul Market: Budget airline Jetstar made its first foray into Singapore's long-haul market, dominated by full- service carriers such as Singapore Airlines. Its first flight from Melbourne landed at Changi Airport Thursday evening, carrying 279 passengers in two classes, eight hours after take...

U.S. Stocks Rise on Upbeat Economic Data: U.S. stocks rose on Thursday as series of positive economic data and some companies' good performance boosted the market sentiment. Followed the picking-up of retail sales and factory output, the improved U.S. employment, consumer spending and housing market continued to give ...

China's 2010 Machinery, Electronic Exports to Hit 940 bln USD: China is expected to be the world's largest exporter of machinery and electronic products in 2010, with export value of the goods up 30 percent year on year to 940 billion U.S. dollars, said an industrial head Thursday. China exported 842.74 billion U.S. dollars worth of ...

Shanghai SOEs may face shake up: Two listed retailers under the Bailian Group Co suspended trading on Monday due to corporate restructuring, which may be a sign of things to come in Shanghai as State-owned enterprises look to improve efficiency and eliminate overlaps in redundant business units. Shanghai Bailian ...

Asian Market Roundup Dec 16: China China's benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 2,898.14 Thursday, down 13.27 points, or 0.46 percent, from the previous close. The Shenzhen Component Index on the Shenzhen Stock Exchange closed lower Thursday to end at 12,795.68 points, ...

Netizens in Taiwan Each Spend 465 U.S. dollars Online: Netizens in Taiwan spent an average of 13,864 New Taiwan dollars (about 465 U.S. dollars) each person shopping online this year, up from 329 U.S. dollars for last year, a survey shows. Around 63.9 percent of Taiwan netizens made online purchases this year, five percent more than ...

China's ODI Reaches 47 Bln USD for Jan-Nov: Related: China's FDI Up for 16th Straight Month in Nov China's overseas direct investment (ODI) in non-financial sectors in 122 countries and regions reached 47.56 billion U.S. dollars in the first 11 months of this year, the Ministry of Commerce (MOC) announced Wednesday. The ...

Asian Market Roundup Dec 15: China China's benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 2,911.41 Wednesday, down 15.66 points, or 0.54 percent, from the previous close. The Shenzhen Component Index on the Shenzhen Stock Exchange closed lower Wednesday to end at 12,829.36 points...

China Vegetable Prices Fall for Fifth Week: Prices of vegetables in China fell for a fifth week since the start of November this year, as combined price declines reached 17.4 percent during the period, a report by the Ministry of Commerce said Tuesday. For the week of Dec. 6-12, prices of 18 types of vegetables in 36 major ...

HK's Foreign Assets Reach 2,023 bln HKD in November: Hong Kong's foreign assets of the exchange fund amounted to 2,022.6 billion HK dollars (260 billion U.S. dollars) in November this year, up 13.2 billion HK dollars from that in October, said the Hong Kong Monetary Authority on Tuesday. The monetary base reached 1,030.8 billion HK ...

HK's GDP up 9.5 pct in Q3: Hong Kong's gross domestic product (GDP) rose 9.5 percent from a year earlier in the third quarter this year, reaching 453.9 billion HK dollars (58.35 billion U.S. dollars), said the Hong Kong government on Tuesday. Meanwhile, Hong Kong's gross national product (GNP) went up 7.9 ...

Asian Market Roundup Dec 14: China China's benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 2,927.08 Tuesday, up 4.12 points, or 0.14 percent, from the previous close. The Shenzhen Component Index on the Shenzhen Stock Exchange was up 0.17 percent, or 21.59 points, to end at 12,926...

4G Services Could Commence in 2012: China may start the commercial use of its homegrown fourth-generation telecommunication technology in 2012, and large-scale commercial trials will begin next year, according to officials at China Mobile, the world's largest wireless operator. Bill Huang, general manager of the ...

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Fourteen countries expected to compete in Cuba's wrestling tourney: Some 14 countries and regions are expected to compete in the 45th ...

Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

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