Wal-Mart price pressure hurts Chinese workers: report

2009-11-26 11:00:09

Wal-Mart Stores Inc's demand for rock-bottom prices from suppliers in China means some of these companies are forcing their employees to work in sweatshop-like conditions, a new report said on Wednesday.

Sinopec, TPG considering joint bid for LyondellBasell

2009-11-26 07:58:26

Sinopec and US buyout firm TPG have weighed a bid for bankrupt chemicals company LyondellBasell Industries AF that could challenge Reliance Industries Ltd's offer of about $12 billion.

China Shipbuilding plans Shanghai float

2009-11-26 07:58:26

China Shipbuilding Industry Co, the nation's largest maker of vessel equipment, plans to raise at least 6.4 billion yuan selling shares as China tries to pare its reliance on Japanese and South Korean marine engines.

BAIC may bid for select Saab assets, analysts say

2009-11-26 07:58:26

China's BAIC, part of a group that abandoned its bid to buy General Motors' Saab unit, could still bid for some Saab assets on its own but is unlikely to try for the whole company, analysts said.

Baidu to boost search engine market share with new services

2009-11-26 07:58:26

Chinese search engine Baidu Inc yesterday launched two services for mobile users, in an effort to gain an edge and market share in the world's largest mobile market.

China Pacific gets nod for $3.4b HK IPO

2009-11-25 11:06:18

China Pacific Insurance (Group) Co Ltd, China's third-largest life insurer, has received government approval for its long-delayed plan to float shares in Hong Kong to raise at least 23.3 billion yuan ($3.4 billion).

Baosteel buys 15% stake in Aussie miner

2009-11-24 09:16:10

Baosteel Group, China's leading steelmaker, announced on Monday its acquisition of 15 percent stake in Aquila Resources, an Australian iron ore and coal company.

SAIC Group expects 30% surge in sales

2009-11-24 09:14:40

China's leading automotive corporation, the SAIC Group, expects to sell 2.65 million vehicles this year, a roughly 30 percent rise from a year ago, a company official said Monday.

China State Construction nets $100m US subway deal

2009-11-24 08:11:38

China State Construction Engineering Corp, the largest contractor in China, has bagged a subway ventilation project worth about $100 million in New York's Manhattan area.

Sinopec keen despite Iraq snub

2009-11-24 08:11:38

Sinopec Group, China's second largest oil company, said yesterday it remains active in its efforts to bid for oilfields in Iraq despite being rebuffed in the second round of bidding.

Dalong buys residential land in Beijing at 5b yuan

2009-11-21 16:13:36

Dalong Estate, a Shanghai-listed property developer owned by Beijing's Shunyi district government, had acquired a parcel of residential land in Shunyi for 5.05 billion yuan ($739 million).

China Unicom bullish on iPhone sales

2009-11-21 08:53:27

China Unicom, the nation's second largest cell phone carrier, said it expects nearly 10 percent of the third generation (3G) users in the country to switch to Apple Inc's iPhone in the next couple of years.