Chinese stocks tumble 2.9% to 16-week low
2011-05-23 15:30:00
Chinese shares tumbled 2.93 percent to a 16-week low Monday with the major gauge Shanghai Composite Index down to below 2,800 points, as investors worried about future economic growth under rising inflation pressure.
Casinos bet big for Macao's gaming windfall
2011-05-23 15:23:38
MGM China Holdings Ltd started Monday the process of retail book building for its (initial public offering) IPO, days after Macao's another major casino operator opened its HK$15 billion ($1.91 billion) casino resort.
Power firms get smart grid windfall
2011-05-23 11:26:28
Electricity companies in Northeast Asia are likely to reap rewards now that China's power distributor has decided to accelerate the construction of power transmission lines and substations as part of its effort to pave the way for a smart grid.
China antique sales raise record sums
2011-05-23 10:00:08
Sales of Chinese antiques surged by 180 percent in London this month, as owners profited from a boom in demand for Imperial items by an increasing number of dealers and agents visiting the United Kingdom.
Three Gorges vows to rectify financial issues
2011-05-23 09:57:16
China's largest hydropower producer said on Sunday that it will take further steps to rectify financial problems that were uncovered during a recent audit.
Int'l board to be yuan-denominated
2011-05-23 09:30:43
The proposed international stock board will be denominated in yuan, reiterated an official with China's securities supervisor during a forum in Shanghai.
Boost for Chinese fashion brands
2011-05-23 09:26:37
Competition heats up over 3D TV
2011-05-23 09:50:51
As the demand for three-dimensional (3D) home televisions grows in China, competition among panel makers is expected to heat up.
SASAC vows to boost transparency
2011-05-23 09:26:01
China's state-owned enterprises (SOEs) supervisor on Saturday said it would work to make the SOEs management more transparent after China's top auditor publicized irregularities among a number of famed SOEs.
China Guodian to invest $3b in energy projects
2011-05-23 09:01:34
China Guodian Corp is planning to invest 20 billion yuan ($3 billion) in the development of energy programs in southwest China's Chongqing Municipality over the next five years, the company said in a statement Sunday.
Canon eyes growing market
2011-05-21 11:12:10
The Japanese camera and copier maker, Canon Inc, said on Friday that it expects China to overtake Japan and become its third largest market by 2015.
MGM China targets $1.5 billion IPO in Hong Kong
2011-05-21 10:32:36
MGM China Holdings, owned by US casino operator MGM Resorts International and Hong Kong businesswoman Pansy Ho, is planning an initial public offering to boost expansion in China and elsewhere in Asia.