China Eastern rejects CNAC's alliance proposal
2008-02-27 14:02:30
China Eastern Airlines rejected a wide-ranging alliance proposal from China National Aviation Corp (Group), which could close the door for an alliance between China Eastern and Air China.
Top rail builder to raise $3.1b in Shanghai IPO
2008-02-25 09:40:22
China Railway Construction Corp (CRCC), the country's leading rail builder, may raise as much as 22.25 billion yuan in its IPO in Shanghai.
Huawei down, not out, in acquisition bid on US firm
2008-02-22 09:57:27
Huawei Technologies has no intention of abandoning its acquisition of US network technology company 3Com Corp.
Baosteel agrees 65% iron ore price hike
2008-02-23 09:15:26
Baosteel agreed on Friday to pay 65 percent more for iron ore to Brazil's Cia Vale do Rio Doce, for 12 months beginning April 1, 2008.
Shanghai Composite takes a hit
2008-02-23 09:51:42
An investor monitors price changes at a securities house in Changchun, Jilin province. The Shanghai Composite Index fell 3.47 percent to close at 4370.29 on Friday. [China Daily]
Sinopec denies market talk of $8.4b share sale
2008-02-22 13:40:25
Sinopec has denied market talk that it plans to raise around 60 billion yuan ($8.4 billion) by selling an additional five billion shares.
Pudong Bank comfirms share sale plan
2008-02-21 13:58:30
Shanghai Pudong Development Bank Co confirmed Thursday that it plans to sell additional shares to boost core capital.
ICBC lends $2.37b for snow disaster recovery
2008-02-21 09:02:04
ICBC, China's largest commercial bank, extended 16.94 billion yuan in loans over the past month to areas stricken by severe winter weather.
Expert: Banks to face tougher environment this year
2008-02-20 16:07:29
China's banking sector will face a harsher environment this year due to a global recession and tightening, a Fitch Ratings expert said.
Huawei, Symentec launch JV
2008-02-19 10:18:11
Telecom network equipment giant Huawei Technologies and US security software maker Symantec Corp have launched a joint venture in southwest China.
BOC profits up after offsetting subprime impact
2008-02-19 09:37:02
Bank of China, the largest holder of subprime-related assets in China, will report a "visible increase" in 2007 net profits, Chairman Xiao Gang said.
Railway contractor wins $2.6b bids in Libya
2008-02-18 09:44:17
China Railway Construction Corporation (CRCC) has won the bids to build two major railways in Libya, which together are worth about 3.2 billion dinars($2.6 billion).