Hisense posts net profit surge in 2009
2010-03-30 09:23:07
Hisense Electric Co, Ltd (Hisense), a major home appliances maker in China, announced Monday that it more than doubled its net profit in 2009.
Sinopec gets upstream foothold with $2.5b deal
2010-03-29 14:11:15
Sinopec, Asia's top oil refiner, will buy a stake in upstream assets in Angola for $2.46 billion and said it wanted more such deals, which could shield it from high oil prices that hit margins in the fourth quarter.
Net profit of Sinopec more than doubles in 2009
Chalco reports losses in 2009 on low product prices
2010-03-29 11:42:03
The Aluminum Corporation of China Limited (Chalco), the country's top aluminium producer, reported losses in 2009 as average prices of its major products were lower compared to a year ago.
Chalco posts surprise Q4 loss on higher costs
2010-03-27 16:53:08
Aluminum Corp of China Ltd, the world's biggest aluminium company by market value, reported an unexpected quarterly loss as higher costs more than offset recovering metals prices.
China Lodging surges in Nasdaq debut
2010-03-27 16:44:30
Shares of discount Chinese hotel chain China Lodging Group Ltd rose as much as 27 percent above their initial public offering price on Friday as investors bet that rising incomes in China would increase travel.
Maersk says not planning JV with China Shipping
2010-03-27 16:31:54
Danish shipping and oil group AP Moller-Maersk said on Friday it has no plans to form a joint venture for transport of liquefied natural gas (LNG) with China Shipping Group, quashing media reports.
Shanghai Port Q4 net jumps 48% as trade recovers
2010-03-27 15:29:14
Shanghai International Port (Group) Co, China's biggest port operator, posted a 48 percent surge in fourth-quarter net profit, halting an earnings slide as prospects improved for global trade.
AsiaAlum gets biggest loan to private sector
2010-03-27 09:39:31
AsiaAlum Group, one of the world's leading premier aluminum processing companies, on Friday signed an agreement with a bank consortium led by China Construction Bank's Zhaoqing branch for a 6.5 billion yuan ($952 million) loan.
Legend to invest in energy, environment protection
2010-03-26 14:40:40
Legend Holdings Ltd plans to include energy and environmental protection industries in its major investment fields, said Chairman and President Liu Chuanzhi in an interview with the China Business News on Thursday.
High-speed railway outplaces regional air services
2010-03-26 10:35:58
Air services between Zhengzhou and Xi'an, two Chinese provincial capital cities, were suspended on Thursday, 48 days after a high-speed railway line started operation between the two destinations.
China Railways wins $4.8b Indonesia contract
2010-03-25 10:14:02
China Railway Group said on Thursday that it had won an Indonesian coal transport contract worth $4.8 billion.
ZPMC moves into rail, wind power
2010-03-20 09:15:52
Shanghai Zhenhua Heavy Industry Co (ZPMC), the world's largest port equipment maker, is planning to expand into the nation's high-speed railway and wind power sectors, making them its new growth engines, company President Kang Xuezeng said on Friday.