- CNPC, Abu Dhabi National Oil Sign MoU on Oil Trading
CNPC is stepping up its presence overseas, both in terms of acquisitions and strategic partnerships, as it looks to take advantage of depressed asset prices and strengthen China's energy security.
- Baosteel Hikes September Prices
Major steelmakers began increasing prices late in the first half in response to a pickup in demand driven by the auto and property sectors.
- Gome Ex-Chairman's Assets Frozen
Huang and his wife Du Juan allegedly organized a share repurchase by Gome so he could use the proceeds to repay a HK$2.4 billion personal loan.