News AM March 31
[2009-03-31]
Shipbuilders See New Orders Plummet, China, Argentina Agree on Currency Swap, China to Launch Growth Enterprise Index, Guidelines Issued on IPR Protection
China, Argentina Inked Currency Swap Agreement
[2009-03-31]
China and Argentina have agreed to set up a currency swap system which enables trade between the two countries to be settled in Yuan.
News PM March 30
[2009-03-30]
Shenhua Cuts 2009 Capital Expenditure, Supreme Court Launches Search Engine for Civil Suits, Shanghai Allows SOEs to Develop Housing
Chinalco Wins 21 Bln in Financing for Rio Tie-up
[2009-03-30]
Four Chinese banks will provide US$21 billion worth loan for Chinalco to fund its proposed investment in Rio Tinto.
China Coal Energy 2008 Net Profit Up
[2009-03-30]
China's second largest coal producer reported 19 percent growth of net profit in 2008, due to rising coal prices and output.
Huijin to Buy 38% of New China Life Insurance
[2009-03-30]
Central Huijin Investment plans to buy a 38 percent stake in New China Life Insurance.
Ministry Investigates HFMD Epidemic
[2009-03-30]
The health ministry sent officials to cities that were accused of concealing HFMD cases and deaths.
Jan-Feb Industrial Profits Plunge 37 Percent
[2009-03-30]
Chinese industrial companies'profits declined 37.3 percent year-on-year, led by electronics and telecommunications equipment enterprises.
News AM March 30
[2009-03-30]
Australia Blocks Minmetals-Oz Deal, Chinalco 2008 Net Profits Slump, Coal Mine Accident Kills 13, Beijing Rural Commercial Bank Accused of Loan Fraud
Nonferrous Foreign Engineering to Buy Terramin Australia
[2009-03-30]
State-owned China Nonferrous Metal Industry's Foreign Engineering and Construction Co. agreed to buy 15.5 million new shares of base metals miner Terramin Australia Ltd.
Obstacles in Turning Shanghai Into an International Shipping Center
[2009-03-27]
Shanghai's current tax and legal system do not provide the support necessary to enable the city to reach its goals of becoming a world-class shipping center.
News PM March 27
[2009-03-27]
Agricultural Bank to Provide Lending to Chinalco, Tunlan Blast Caused Over 95 Mln Yuan in Losses, Fosun Increases Stake in Focus Media, In Building Shanghai the Shipping Hub
Yum! Brands' China KFC Partner To Sell 7 Pct Stake
[2009-03-27]
Shanghai Jinjiang International Hotels Development said it plans to sell a 7 percent stake in a KFC restaurant venture it has with Yum! Brands Inc.
Fuel Price Hike Based on 20-Day Int'l Crude Price Variation
[2009-03-27]
China's earlier fuel price hikes were based on the movements in global benchmark crude prices over 20 days, said NDRC.
News AM March 27
[2009-03-27]
PetroChina to Cut Upstream Investment, Mirae Asset Increases Stake in Li Ning, Yili to Invest in Agricultural Insurance Company, Court Rejected Appeal of Sanlu’s Ex-head
Market Rides to Rescue after 'Bonusgate'
[2009-03-27]
Bonus paybacks by AIG executives and a miraculous market rally cooled public outrage just in time for the treasury secretary.
News PM March 26
[2009-03-26]
CITIC Pacific Reports HK$ 12.66 Bln Net Loss, Shanghai Index Rises 3 Percent, Coal Producers Expect A Rise in Profits, HK Monetary Authority Injects HK$2.7 Bln
Huiyuan Adjusts Focus as Coke Deal Fails
[2009-03-26]
After its deal with Coke was shut down, Huiyuan is adjusting its business model to focus on the juice market.
Goldman Sachs to Extend Lockup on ICBC Stake
[2009-03-26]
Goldman Sachs promised not to sell 80 percent of its stake in Industrial and Commercial Bank of China before April 28, 2010.
Yilin Head Gets 15 Yrs in Jail, Fined 300 Mln
[2009-03-26]
Twenty-eight employees from the Yilin Wood Company received jail sentences for their role in Beijing's largest pyramid scheme.
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