China Cuts Export Tax on Grains, Fertilizers and Industrial Products
Most of the products have been taxed at rates of 3 to 10 percent, with a 25 percent rate levied on steel grit, a raw material used in abrasives.
CISA Rejects Vale-Arcelor Mittal Iron Ore Deal
The association said it would continue to resist pressure to reach a deal despite the deadline.
Gome to Raise HK$3.2 Bln via Bonds, Shares
The company will sell HK$ 1.8 billion worth of convertible bonds to Bain Capital, while launching an offer of up to 2.48 billion new shares.
U.S. "Concerned" about Green Dam
The U.S. Government is concerned about Green Dam both in terms of its potential impact on trade and the serious technical issues raised by use of the software.
NDRC Economist: China's Economy Bottoms Out in January and February
In the short term, the Chinese government should focus on implementing existing policies rather than introducing new ones, an economist said.
News PM June 22
China H1 New Bank Loans to Hit 6.5 Trillion Yuan; PetroChina Completes Singapore Petroleum Purchase; BMW China Recalls 7 Series
China Raises Tobacco Tax Rates
The tax rise will bring in around 30 billion yuan in additional revenue for the central government.
Earliest Time for US Credit Market Recovery May be Next Year
Against the backdrop of a sluggish economy and fewer applications for loans, US banks are relatively willing to lend now.
News AM June 22
PetroChina to Buy Xinjiang-Gansu Pipelines; Neo-China Disposes Stake in Invest Online; China Blocks Google Search Links to Pornography
China June Auto Sales Likely to Slide
June car sales in major Chinese cities are falling, mainly due to the fading impact of policy support.
Suning Appliance in Talks to Buy Japan's Laox
The deal has both benefits and risks for Suning, said Liu Bin, an analyst at Guotai Junan Securities.
News PM June 19
PetroChina to Buy Parent Pipeline Assets; Sinotrans Group to Form Finance JV; China-S. Korea Free Trade Deal Unlikely for 2009
China May Release Direct Power Sale Rules Soon – Source
The rules will allow approved industrial users to buy electricity directly from power generators and require power transmission firms to clearly lay out their transmission charges.
High Hopes for Hummer's Curious Suitor
Some mysteries about a Chengdu company's offer to buy GM's Hummer vehicle have been answered. But questions remain.
Guilin Sanjin First to Win A-share IPO Approval in Nine Months
Guilin Sanjin will launch a road show in Beijng, Shanghai and Shenzhen between June 22 and June 24, and bids for the new shares will begin on June 29.
Franklin Templeton Gets QFII License
A new license was granted on June 15 to Templeton Investment Counsel LLC, a subidiary of California-based asset management firm, Franklin Templeton Investments.
Fear the Dark Side of China's Lending Surge
Banks loans designed to spark economic recovery have been channeled into asset speculation, doing more harm than good.
News AM June 19
Guilin Sanjin Wins A-share IPO Approval; Suning May Buy Stake in Japan's Laox; CIC to Invest US$ 6 Bln with Fund Managers
Rio Tinto's Chief Disappointed, Defensive
Targeted by Chinese critics, Rio Tinto CEO Tom Albanese spoke with Caijing about the failed Chinalco deal and the BHP tie-up.
News PM June 18
Guangdong Health Department Denies A/H1N1 Community Outbreak; Sports Apparel Maker to Raise up to HK$ 2.2 Billion in IPO; China Eastern Airlines to Buy 20 Airbus A320 Jets
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