PICC aims for profit from underwriting in 2010
2010-04-15 15:31:47
PICC Property & Casualty Co, China's largest non-life insurer, aims to achieve a profit from underwriting operations this year as premium rates rebound and the company improves claims management.
Minmetals may reopen Australian nickel mine
2010-04-15 09:57:44
China Minmetals Corp said it is conducting a review that could lead to a restart of its Avebury nickel mine in Australia, becoming the second miner in the country to consider reactivating production shut due the global financial crisis.
Wuhan Steel ups prices
2010-04-14 15:08:23
Wuhan Iron and Steel Co yesterday raised the May ex-factory prices of its products by a large margin, Shanghai Securities News reported, citing insiders at Wuhan Steel as saying the hike still lags behind iron ore price surges and further adjustment is possible.
China Eastern to join SkyTeam
2010-04-14 10:40:57
China Eastern Airlines Corp, the nation's second-biggest carrier, will join the SkyTeam airline grouping, rejecting proposals from Oneworld and Star Alliance, according to sources.
MCC bidding for Anglo's zinc assets
2010-04-14 09:35:20
Engineering, procurement and construction major Metallurgical Corporation of China Ltd (MCC) is in the running for the zinc assets owned by diversified miner Anglo American Plc, according to company officials.
Sinopec to siphon off 9% stake in Syncrude Canada for $4.65b
2010-04-14 09:16:31
China Petrochemical Corp agreed to pay ConocoPhillips $4.65 billion for its stake in Syncrude Canada Ltd, a higher price than analysts expected, as Asia's biggest refiner seeks overseas petroleum reserves.
Hyundai Merchant signs $315m deal with Hebei Steel
2010-04-13 13:37:32
Hyundai Merchant Marine Co, South Korea's second largest shipper, in partnership with a Chinese local firm, announced Tuesday that it has signed a deal worth 315 million U.S. dollars with China's Hebei Steel Group to transport iron ore for the next 15 years.
China Eastern set to join SkyTeam alliance
2010-04-13 11:23:12
Shanghai-based China Eastern Airlines is set to join the SkyTeam global airline alliance, La Tribune newspaper reported in a preview of its Tuesday edition.
TV maker TCL's overseas sales surge in March
2010-04-13 11:07:26
China's top TV maker, TCL Corp, said Monday its March overseas sales of LCD TVs more than doubled in Europe and more than tripled in emerging markets.
Sinotruk posts surging sales in first 3 months
2010-04-13 11:02:15
China's top heavy truck maker, Sinotruk, said later Monday it sold 22,154 units of heavy trucks in the first quarter this year, a year-on-year rise of 45.08 percent.
Alibaba to delve deeper into online payments
2010-04-13 09:15:00
Chinese e-commerce giant Alibaba Group said on Monday it will invest 5 billion yuan ($732 million) over the next five years in its online payments subsidiary Alipay.com.
Technology key to keeping cutting edge
2010-04-12 10:11:06
Peng Xiaofeng, one of China's leading billionaire entrepreneurs, said it was small operators not prepared to invest in technology that were causing overcapacity in the solar power industry.