Tsingtao Brewery foaming over Aussie Foster's

2010-06-09 09:58:05

Tsingtao Brewery Company, one of the largest breweries in China, may be considering the purchase of the beer assets of Australia's largest brewer Foster's Group, while domestic food and beverage giant, Bright Food Group, is said to be interested in Foster's wine unit, according to Chinese media. Industry insiders said Bright Food is in a better financial position to actually conclude a deal.

Steelmakers may cut production on weak demand

2010-06-09 09:49:39

Chinese steelmakers are likely to cut production in the third quarter because of "weak" demand from auto and appliance makers, according to the nation's second-biggest mill.

Citic Securities tops brokerages in net profits

2010-06-08 16:58:39

Citic Securities earned the most net profits, managed the largest assets and brought in the second-most revenues in 2009 among 106 members of the Securities Association of China (SAC), media reported today.

Beijing Dalong Estate reports soaring net profit in 2009

2010-06-08 16:52:45

Beijing Dalong Weiye Real Estate, a Shanghai-listed company, said its 2009 net profit soared by 14,256 percent year-on-year to reach 338.9 million yuan ($49.6 million).

Tough times ahead for China steel companies

2010-06-08 09:38:38

Chinese steel mills are facing a precarious situation in the third quarter due to falling product prices and rising raw material costs, forcing many of them to scale back output or opt for maintenance shutdowns, leading industry experts said on Monday.

CSR set to make rapid strides in global arena

2010-06-08 09:32:23

While extending its railway network throughout the country, China is also sending its trains across borders.

Tough asset race

2010-06-08 09:17:38

Domestic companies investing in global mining assets may see a decline in global market share this year, due to intense competition from the other countries recovering from financial crisis, consultancy firm Ernst & Young said on Monday.

NFC ready to jump on the M&A trail

2010-06-08 09:13:22

China Nonferrous Metal Industry's Foreign Engineering and Construction Co (NFC) is planning more overseas mergers and acquisitions to expand its mineral wealth, a top company official said. Tough asset race

Foxconn hikes workers' pay by nearly 70% after serial suicides

2010-06-07 16:49:06

Foxconn, a world's leading IT contract manufacturer, announced Sunday night in a statement that it will raise salaries for assembly workers at its production base in the southern Chinese city of Shenzhen by 66 percent to 2,000 yuan ($293.3) per month as of Oct 1.

China Vanke sales drop in May on property tightening moves

2010-06-07 09:52:04

China Vanke Co, the country's largest property developer by market value, announced on Sunday that its sales revenue in May decreased 20.2 percent from a year earlier amid the government's tightening moves.

Citic Resources falls in HK after moody's cuts outlook on earnings

2010-06-04 11:37:16

Citic Resources Holdings Ltd, the mainland energy supplier with assets in Kazakhstan, fell in Hong Kong trading after Moody’s Investors Service downgraded its ratings outlook, citing reduced earnings potential.

Vanke denies rumors of nationwide price cuts

2010-06-03 16:56:12

China Vanke Co, the nation's leading developer, said it will not set a united pricing strategy or make any guidelines for price cuts in response to the market rumors that the developer is preparing for a nationwide reduction in June, China Business News reported.