GE Capital pulls out of bank deal
2007-10-24 10:47:33
GE Capital International Financing Corp Inc has terminated a share subscription agreement with Shenzhen Development Bank, the Chinese lender said yesterday.
KFC dumps Nestle for Mengniu
2007-10-23 09:10:08
The global fast food behemoth KFC yesterday signed a dairy product supply agreement with Inner Mongolia Mengniu Dairy Industry (Group) Co Ltd, China's top dairy producer.
Listed companies' combined net profits up 80%
2007-10-24 15:32:34
The total net profits of 387 firms listed on China's Shanghai and Shenzhen bourses surged to 61 billion yuan in the first nine months, 80 percent up from the same period last year.
CITIC, Bear Stearns form alliance
2007-10-23 07:31:40
US major Bear Stearns Cos and China's CITIC Securities Co have reached an agreement to invest $1 billion in each other in an alliance to pool their businesses in Asia.
PetroChina expects A-share listing on November 5
2007-10-22 09:18:19
PetroChina, the country's largest oil and gas producer, announced it would expect the A-share listing in Shanghai on November 5.
China Southern to launch Guangzhou-Vientiane flight
2007-10-21 10:05:30
China Southern Airlines will launch direct flight service between Guangzhou, capital of South China's Guangdong Province, and Vientiane of Laos from November 6.
China Life reports US$21b in premiums
2007-10-19 14:04:05
China Life Insurance Co Ltd, the nation's largest life insurer, raked in 158.6 billion yuan (US$21.1 billion) in premiums in the first nine months of 2007.
Chinalco to buy more copper firms
2007-10-20 09:50:04
Aluminum Corp of China plans to buy more overseas copper mining companies to meet rising domestic demand and help diversify earnings.
ICBC spreads global reach
2007-10-18 11:16:57
People pass an Industrial and Commercial Bank of China outlet in Shanghai. The bank is looking at mergers and acquisitions to boost its fledgling overseas business. [China Daily]
PetroChina boosts exploration budget
2007-10-18 10:11:06
Exploration will be ramped up at Daqing Oilfield to prove more reserves in the next decade, according to a source from the country's top oil company.
Danone snaps ties with Bright
2007-10-17 14:05:18
Bright Dairy products on sale at a Shanghai supermarket. Groupe Danone SA, the world's largest yogurt maker, has terminated its collaboration with Bright Dairy, after it failed to get the majority stake in the Chinese firm. [China Daily]
Baosteel earnings surge
2007-10-17 09:50:44
Baosteel Group Corp, China's biggest steelmaker, has already exceeded last year's full-year profit in the first nine months, driven by demand from automakers, shipbuilders and construction companies.