CNOOC suffers big loss on low oil price

CNOOC Ltd. posted its first-ever half-year loss as crude's plunge and writedowns on assets, including Canadian oil sands, destroyed profit at China's biggest offshore oil and gas producer.

Smelter targets overseas M&A

Jiangxi Copper Co, China's biggest copper producer, said it will step up overseas mergers and acquisitions after low metal prices eroded profit by more than a third.

Postal Savings Bank said to seek approval for $8b IPO in Hong Kong

Postal Savings Bank of China Co, moving closer to the world's biggest share sale this year, will seek listing approval this week for a Hong Kong initial public offering that could raise about $8 billion, people with knowledge of the matter said.

Caterpillar emphasizes readiness

Caterpillar Foundation has invested in a disaster preparedness and in a special mitigation fund co-founded with the China Foundation for Poverty Alleviation that aims to ease more effectively losses caused by natural disasters.

HSBC helps empower residents

On a Thursday evening in early August, 17 panel members and some 40 residents gathered in a meeting room at the community services building in Jingming Jiayuan, a residential community with more than 20,000 residents.

Honeywell innovation contest inspires aerospace students

Honeywell Aerospace, a major provider of aircraft hardware and avionics systems, held an award ceremony for its second annual aerospace innovation contest in Beijing on Aug 9.

IN BRIEF (Page 18)

DunAn to supply top nuclear plant

Hangzhou-based DunAn Group, a private high-tech industrial equipment manufacturer, will supply high-grade air valves and cooling units to China General Nuclear Power Corporation's phase II project at the Fangchenggang Nuclear Power Plant by the end of this month, Chairman Yao Xinyi told China Daily in an interview.

Liverpool owners not planning to sell

The American owners of Liverpool, one of the most famous teams in English soccer, are not planning to sell, a senior source at the club said on Sunday, after reports that a Chinese-backed consortium wanted to buy a sizable stake.

Xiaomi suits up for a debut on Apple's home turf

Xiaomi Corp is preparing to enter the US smartphone market "in the near future", employing the same online sales and social media marketing tactics that helped the six-year-old startup become China's largest privately funded technology startup.

Aliyun's cloud to boost entrepreneurs

Aliyun, the cloud computing brand of e-commerce giant Alibaba Group, announced further moves within two years to help startups in the Binhai New Area of Tianjin with cloud computing services.

HK debuts price volatility control

Bourse operator Hong Kong Exchanges and Clearing Ltd (HKEx) on Monday rolled out a stock price volatility control system similar to Singapore and Japan to prevent extreme price swing arising from major trading errors and other unusual incidents.