Death Toll Rises to 1,117 in Gansu Landslides, Human Factors cannot be Ruled out
Fresh rains hit Zhouqu County, in northwestern China’s Gansu Province that was devastated by landslides, as death toll continues to rise;human factors cannot be ruled out.
CPI to Drop in H2, No Need for Interest Rate Hike: Economists
The year-on-year 3.3 percent increase in CPI for July is moderate, compared with the forecasted GDP growth of 9 percent for the whole year.
World Oil Demand Rises to 85.91Mln bpd This Year: EIA
World oil demand is expected to rise 1.57 million bpd this year to 85.91 million bpd.
China Huaxia Bank H1 Profit Surges 80.6Pct
Huaxia Bank Co., (600015.SH) has posted an 80.57 percent year-on-year increase in its first half net profit of 3.008 billion yuan.
Sohu, Alibaba Reach Agreement on Sogou's Search Engine
The restructuring of Sogou by introducing strategic investors including Alibaba will help the Chinese search engine to expand its market shares.
China's E-Commerce Market Turnover to Exceed CNY4Tln in 2010
The transaction value for China's e-commerce market is expected to exceed 4.3 trillion yuan by the end of the year.
Volve to Compete with Mercede-Benz,BMW: Li Shufu
As the new owner of Volvo, Geely said it would move Volve upmarket and offer a competitor to the BMW 7 Series and Mercedes-Benz S-Class.
Growing Pains and Gains for “the Fourth Estate”
An independent and impartial legal system is vital to safeguarding citizens’ rights of free expression and publication.
China's Half-Year Credit Growth Back to Normal: Central Bank Report
The report said Chinese economy will grow steadily but upward inflationary risks should not be neglected, as loosened monetary conditions across the world have prompted international capital to look for outlets.
Gome Planning Legal Action Against Former Founder Huang Guangyu
Gome said the board of directors decided to sue Huang Guangyu over his "alleged breach of fiduciary duties as a director of the Company.."
60Pct of Asian Cross-Border M&A Deals Failed
The failure of 60 percent of M&As should be contributed to insufficient due diligence regarding human resources and credit background.
China Everbright Bank Picked Strategic Investors for IPO
30 selected strategic investors have committed up to 60 billion yuan ($8.86 billion) for the proportions of 6.1 billion-share offering;The bank aims to list on the Shanghai Stock Exchange on August 18.
Cathy Pacific Reports First-Half Profit of HK$6.8Bln
Cathay Pacific Airways Ltd. said Wednesday its first-half profit surged to 6.84 billion Hong Kong dollars ($881 million), or 173.9 Hong Kong dollars per share on a strong recovery in demand.
Private Banks: From "Offshore" to "Onshore"
Both domestic and foreign banks, by establishing private banks in China, aim to lay a good foundation in exploring clients before the country lifts the cap on businesses in this segment.
China's Inflation to Hit Year-High in July
China’s consumer price index is expected to hit year-high at 3.3 percent to 3.7 percent in July as food price in China continues to pick up.
China's First-Half Energy Use Per Unit of GDP Up 0.09Pct
China's energy consumption grew by 11.2 percent from a year earlier in the first half, while GDP rose 11.1 percent.
Geely Completes Volvo Deal
Chinese car maker Zhejiang Geely Holding completes its $1.8 billion acquisition of Volvo Car Corp. from Ford Motor Co.;the first takeover of a global luxury auto brand by a Chinese company.
Li Ka-Shing to Buy EDF’s UK Grids for $9.1Bln
The deal, once completed, will make Li Ka-Shing one of the largest holders of the UK’s infrastructure assets with one fourth of the country’s electricity distribution market in hand.
China July PMI Dives to 17 Months Low
Manufacturing activities in China continue to slow in July with the Purchasing Managers Index falling to a 17-month low of 51.2 percent from 52.1 percent in June.
Who Should Safeguard Financial Stability?
Although our central bankers are not perfect judges of financial stability, they are still the people who are in the best political and institutional position to ensure it.
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