ICBC buys 20% of African bank
2007-10-26 08:59:23
The Industrial and Commercial Bank of China will spend US$5.46 billion to take a 20 percent stake in Standard Bank Group Ltd, Africa's largest bank.
Sinopec stepping up exploration efforts
2007-10-26 09:45:01
Sinopec, the country's second largest oil company, is set to launch a research program on marine-facies oil and gas exploration, sources said.
ICBC posts 66% growth in net profit in first three quarters
2007-10-26 09:45:24
ICBC, the country's largest lender, on Thursday reported a 66 percent year-on-year increase in its net profit in the first nine months of this year.
Index plunges 280 points on CPI announcement
2007-10-25 16:34:39
Domestic stocks were hammered Thursday after news of the consumer price index and other negative reports, as the benchmark Shanghai index lost nearly 300 points.
Economy grows 11.5% in first 9 months
2007-10-25 10:16:57
The Chinese economy continued its robust growth driven by rapid expansion in investment and credit, while inflation pressure eased slightly, official figures showed.
China's CPI up 4.1% in first nine months
2007-10-25 11:49:40
China's consumer price index, a key inflation indicator, rose by 4.1 percent in the first nine months over the same period last year.
Buffett says be 'cautious'
2007-10-25 11:26:17
Billionaire Warren Buffett(right) visits a subsidiary of his fund firm in Dalian. He cautioned investors against risks as China stocks surged this year. [China Daily]
Farm product futures rise
2007-10-25 09:51:00
Prices of agricultural produce futures in the domestic markets yesterday surged across the board on reports of a further increase in global food prices.
China to expand channels for capital outflow
2007-10-24 07:26:55
China will improve management of its massive foreign exchange reserves and satisfy trade and investment needs, the top forex regulator has pledged.
Listed companies' combined net profits up 80%
2007-10-24 15:32:34
The total net profits of 387 firms listed on China's Shanghai and Shenzhen bourses surged to 61 billion yuan in the first nine months, 80 percent up from the same period last year.
Hotel chain acquires Top Star
2007-10-24 09:03:17
Home Inns, one of the major budget hotel chains in China, yesterday acquired its rival Top Star for 340 million yuan in a bid to consolidate its domestic leading position.
GE Capital pulls out of bank deal
2007-10-24 10:47:33
GE Capital International Financing Corp Inc has terminated a share subscription agreement with Shenzhen Development Bank, the Chinese lender said yesterday.