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Tencent to buy 16% of Kingsoft for $115m to expand: Tencent Holdings Ltd, China's biggest Internet company, agreed to buy a 15.7 percent stake in Kingsoft Corp for HK$892 million ($115 million) to expand in computer-security services, Bloomberg reported Thursday Tencent will buy 111.5 million shares from Kingsoft Chief Executive ...

China to sell 30b yuan e-savings bonds: The Ministry of Finance (MOF) said Tuesday that it will start selling three batches of electronic savings bonds worth up to 30 billion yuan ($4.64 billion) Sunday. The bonds include 6 billion yuan in one-year bonds with a fixed annual interest rate of 3.7 percent, 15 billion yuan ...

China stocks waver modestly Wednesday: The weakness of banking shares weighed on Chinese stock markets, pulling the benchmark indices in Shanghai and Shenzhen modestly lower to close on Wednesday. The benchmark Shanghai Composite Index lost 5.88 points, or 0.21 percent, to close at 2,810.48 after trading between intra...

Stocks stumble on concerns with bad debt: SHANGHAI - Stocks on the Chinese mainland fell for the first time in three days on speculation bank loans to local government borrowers will hurt profit and the European debt crisis may worsen after Moody's Investors Service downgraded Portugal's debt. SAIC Motor Corp dropped ...

China stocks waver modestly Wednesday: BEIJING--The weakness of banking shares weighed on Chinese stock markets, pulling the benchmark indices in Shanghai and Shenzhen modestly lower to close on Wednesday. The benchmark Shanghai Composite Index lost 5.88 points, or 0.21 percent, to close at 2,810.48 after trading ...

China stocks waver modestly Wednesday, weighed by banks: The weakness of banking shares weighed on Chinese stock markets, pulling the benchmark indices in Shanghai and Shenzhen modestly lower to close on Wednesday. The benchmark Shanghai Composite Index lost 5.88 points, or 0.21 percent, to close at 2,810.48 after trading between intra...

Hong Kong stocks close down 0.1%: Hong Kong stocks shed 22.52 points, or 0.1 percent, to close at 22,747.95 on Tuesday. The benchmark Hang Seng Index opened 51.28 points higher and fluctuated around 22,770 level in the morning session. The index moved mostly downward in the afternoon and touched the day-low of 22...

IPO volume and sums drop: The funds raised in initial public offerings (IPOs) on China's capital market may reach 400 billion yuan ($61.9 billion) this year, down 16 percent from 2010 because of economic uncertainties both at home and abroad, PricewaterhouseCoopers (PwC) said on Monday. "Despite the ...

U.S. Stocks End Mixed after Week-long Rally: U.S. stocks ended mixed on Tuesday after major indexes finished their best week in nearly two years as investors came back from a long-weekend holiday and looked forward to a new earnings season. The market rose in all five sessions last week as concerns over Greek debt allayed ...

Dollar Rises on Greece Worry, Economic Data: The U.S. dollar rose against major currencies in late New York trading on Tuesday as Greek debt problems still worried investors and U.S. factory orders rise in May helped lift the dollar. Although Greek parliament passed austerity plan to pave the way for the country to receive ...

Oil Bounces over 2 pct on Positive Factory Orders: Crude prices bounced 2 percent on Tuesday as new orders received by U.S. factories rebounded in May. Light, sweet crude for August delivery gained 1.95 dollars, or 2.05 percent to settle at 96.89 dollars a barrel on the New York Mercantile Exchange. It was the first time that U.S...

Gold Surges on Increasing Safe-harbor Demand: Gold futures on the COMEX Division of the New York Mercantile Exchange surged 2 percent on Tuesday, as mounting worries over Greece's debt crisis continued to underpin demand for the precious metal as a safe-haven. Silver and platinum both rallied. The most active gold contract ...

Fruit Prices Soar in Taiwan after Plasticizer Scandal: The plasticizer contamination scandal, which has swept the food beverage sector in Taiwan, has driven up the cost of fruit, said the island's statistics agency Tuesday. The consumer price index of fruit in Taiwan soared by 21.3 percent in June year-on-year, according to a ...

Bright Food may want to purchase vintner: Melbourne, Australia/SHANGHAI - Treasury Wine Estates Ltd rose by a record in Sydney trading as two people familiar with the matter said China's Bright Food Group Co is considering making an offer for the world's second-largest winemaker. The vintner surged as much as 11 percent, ...

Gold and car producers power Shanghai index: Shanghai's key stock index rose the most in six days, led by commodity producers and car producers. The benchmark Shanghai Composite Index rose 1.76 percent in the morning session to 2,807.93 points. Turnover rose to 75.8 billion yuan (US+ACQ-11.7 billion). Gold miners surged ...

China stocks close higher Monday: Chinese shares closed higher Monday with the benchmark Shanghai Composite Index up 1.94 percent, or 53.46 points, to close at 2,812.82. The Shenzhen Component Index rose 2.16 percent, or 263.09 points, to finish at 12,441.17.

China stocks end higher at midday Monday: Chinese shares ended higher at midday Monday with the benchmark Shanghai Composite Index up 1.76 percent, or 48.56 points, to close at 2,807.93. The Shenzhen Component Index rose 2.22 percent, or 269.91 points, to finish at 12,448.

Yuan Advances to Record High Against USD: The Chinese currency Renminbi, or the yuan, strengthens 11 basis points to 6.4650 per U.S. dollar on Tuesday, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central ...

Oil price trend remains up: Oil is a slippery substance easily held hostage to supply disruptions through natural events, wars, cartel agreements and political decisions. Between all these influences it is often difficult to extract the underlying trend behavior of the NYMEX oil price. Ten days ago the ...

IPO Market Slumps 20pct in First Half: The Chinese mainland's IPO market slowed by a fifth in the first half of 2011 amid a lack of mega deals that hit the market the year before, with fundraisings dominated by small businesses, a trend analysts said could last for a few more months. In the first six months, only ...

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Chinese leader calls for more marine power: Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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sports

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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