Goldman Sachs to Extend Lockup on ICBC Stake
Goldman Sachs promised not to sell 80 percent of its stake in Industrial and Commercial Bank of China before April 28, 2010.
PetroChina 2008 Net Falls 22 Percent
Petrochina posted a 22 percent decline of net profit last year, its first drop in annual earnings since 2001.
Bank of China Q4 Net Down 59 Percent
Bank of China posted a 59 percent slump in fourth quarter net profit as overseas investments were affected by the global financial turmoil.
China Raises Gasoline, Diesel Prices
China raised domestic gasoline and diesel prices starting from March 25, in response to rising international oil prices.
Xinjiang First to Tap Local Govt Bond Program
Xinjiang plans to auction 3 billion worth of municipal bonds March 27, the first issue under the local government bond program.
China to Keep Investing In U.S. Treasurys
The deputy governor of China's central bank said that the country will continue to invest in U.S. government bonds but will remain cautious.
Commerce Ministry Says Coke-Huiyuan Ruling Market-Based
Commerce Ministry says the Coke-Huiyuan deal is based on market principles and had no political motivation
Australia Extends Review of Fortescue Stake Sale to Valin
The extension of the review comes after China rejected the Coke-Huiyuan deal, raising the prospect that China's overseas acquisitions will face further political scrutiny.
East Star Airlines Chairman Under House Detention
East Star Airlines Chairman was detained by police at Zhuhai Airport in the southern province of Guangdong and currently under house detention.
China Central Bank To Set Up Exchange Rate Policy Unit
Prominent economist might enter the bank and join the new unit.
J&J Targeted By China Net Protesters Over Shampoo
While the amounts found do not exceed legal limits, threats to the health of children have become a flashpoint for consumer anger in China.
China Won't Say If Coke-Huiyuan Deal Review Will Be Extended
With the review process dragging on to within days of the March 23 expiry, the soft-drink group may actually have an interest in the deal being rejected, allowing it to renegotiate on price.
China Farm Products Glut to Continue In 2009
Vegetable, fruit and pig farmers expanded production in 2008 in anticipation of a repeat of 2007's robust demand, only to see the global economy collapse.
China Feb Wholesale Prices Down 6 Percent
The new figure points to the likelihood of deflation in the coming months
Up to 50,000 in Rebates for New-Energy Car Purchases
The cars that will be supported by the reimbursement program include those powered by biofuels, electricity, and hybrid engines.
China Again Omits Mention of Real Estate Stimulus
An official's remarks are the second signal in these weeks apparently intended to dampen speculation over policy support for real estate.
China Jan-Feb Industrial Value-Added Output Up 3.8%
Power consumption by companies in the first two months was down 7.2 percent year-on-year.
Valin Looks to Grow Capacity
Hunan Valin Iron & Steel is speeding up expansion, under an imperative from the new stimulus plan to either grow or be consolidated.
Shougang Group to Acquire Changzhi Iron and Steel
Shougang will pay at least 408 million yuan for a 58.29 percent stake in Changzhi and the remaining stake will be transferred to Shougang free.
China Jan-Feb Retail Sales Up 15.2%
Combined sales for the wholesale and retail sectors rose 14.8 percent from a year earlier.
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