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Top Biz News
Surging deposits at China's biggest banks signal the country's equity and property market rallies this year are sustainable, not loan-fueled bubbles as some analysts have suggested, said Henderson Global Investors.
China National Petroleum Corp (CNPC) and British oil major BP on Tuesday signed a technical service contract with Iraq's state-owned South Oil Company to expand production from the Rumaila oilfield, the country's first major oil deal since the US invasion in 2003.
Beijing's presence in Southeast Asia is insulated from the United States' apparent renewal of interest in the region, experts said.
Morgan Stanley is yet again looking to sell its entire holdings in China International Capital Corp (CICC), the country's first and most profitable investment bank, sources in both the US-based financial advisor and CICC confirmed yesterday.
Sinopec Corp yesterday signed its first purchase deal for liquefied natural gas (LNG) with US oil major ExxonMobil, in a move to expand its share in the rapidly growing domestic gas market.
Petrobras, a Brazilian multinational energy company, signed a 10-year contract on Tuesday for a 10-billion-dollar financing from the China Development Bank Corporation, the company source confirmed Wednesday.
The combined sales volume of China's supply and marketing cooperatives rose 11 percent year-on-year to 826.04 billion yuan nationwide in the first nine months this year, a senior official told Xinhua Thursday.
The United States requested the World Trade Organization on Wednesday to establish a dispute settlement panel to rule on China's export restraints on raw materials. But Chinese officials insist that they are consistent with WTO rules.
Chinese government approved a plan Wednesday to push forward the reform and development of the country's supply and marketing cooperatives to advance rural economy.
The design and first-phase construction of three inland nuclear power stations in China has begun, Wang Binghua, chairman of State Nuclear Power Technology Corp, said Wednesday at 2009 China Power Forum.
The China Advertising Association publicly condemned 58 illegal infomercials on Sept 25 after an investigation by the State Administration of Industry and Commerce.
Cheung Kong (Holdings) Ltd Chairman Li Ka-shing is buying more shares in the property developer, the worst-performing stock this year among Hong Kong's five biggest real-estate companies.
| Name | Value | Change | Time |
| Shanghai | +1.25% | Tue | 3,235.36 |
| Shenzhen | +1.42% | Tue | 13,677.72 |
| HSI | +1.34% | Tue | 22,113.15 |
| NIKKEI | +2.43% | Tue | 9,572.20 |
| Dow | +0.34% | Mon | 10,344.80 |
| Nasdaq | +0.29% | Mon | 2,144.60 |
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