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China Mobile to set up finance unit

2011-08-13 11:39:22

China Mobile Ltd, the world's biggest mobile operator, said it will set up a finance unit with 5 billion yuan ($780 million), in a move that could disappoint shareholders hoping for a dividend hike.

Angry Birds creator hoping to feather nest

2011-08-13 10:11:20

Rovio Entertainment Oy, the Finnish creator of the Angry Birds mobile-phone game, is in talks to receive funding that would value the company at about $1.2 billion.

Huawei to enter UK phone market

2011-08-13 09:38:27

Huawei Technologies plans to sell its first own-brand mobile phone in UK, taking on manufacturers using Google's Android software in one of Europe's most competitive handset markets.

Conoco says it didn't do enough to prevent leaks

2011-08-13 09:34:25

ConocoPhillips China, the operator of two leaking oil platforms in Northeast China's Bohai Bay, conceded for the first time on Friday that it had not done enough to check for potential leaks in the bay.

Lotte signals expansion in Chinese market

2011-08-13 09:24:11

Lotte Mart Co China, a division of South Korea's Lotte Group, is planning to open more than 200 stores in China by the end of 2018, a step driven by an aggressive overseas expansion strategy.

Nokia, China Mobile open the Windows

2011-08-13 09:18:25

Nokia Corp plans to introduce phones using Microsoft Corp's Windows operating system, based on China Mobile Ltd's self-developed third generation (3G) mobile networks in the near future.

Oil spill in China's Bohai Sea rises to 2,500 barrels

2011-08-12 17:14:56

ConocoPhillips China said on Friday that oil and mud leaking from two of the company's platforms in the Penglai 19-3 oilfield in China's Bohai Bay have totaled 2,500 barrels so far.

China Railway cancels $976m private placement

2011-08-12 15:21:06

China Railway Group Ltd (CRGL), the railway construction giant, announced on Thursday the cancelation of a plan to offer a private placement that would raise 6.24 billion yuan ($976 million).

Apology urged for oil leak

2011-08-12 14:10:50

China's ocean watchdog urged ConocoPhillips China, the company responsible for a pair of oil leaks off China's northeast Bohai Bay, to apologize to the public for its slow cleanup.

Chinese train maker recalls 54 high-speed trains

2011-08-12 13:54:17

China CNR Corp Ltd will recall 54 high-speed trains used on the Beijing-Shanghai high-speed rail line over safety concerns, the company said in a statement Friday.

CGNPG may rebid for Kalahari

2011-08-12 13:36:54

China Guangdong Nuclear Power Group (CGNPC) Co may bid again for Kalahari Minerals Plc, triggering an acquisition of uranium explorer Extract Resources Ltd, after withdrawing an offer in May.

Huayi H1 profit surges on box office revenue and tie-ins

2011-08-12 11:54:53

Huayi Brothers Media Corp (HBMC), the first publicly traded movie company on the Chinese mainland, reported on Wednesday night that its first-half revenue surged from a year earlier.