China Everbright Bank profits surge 35%
2012-10-27 09:20:58
China Everbright Bank, a mid-sized lender, said Friday its net profits jumped 34.69 percent year on year to reach 19.06 billion yuan ($3.03 billion) for the first three quarters.
Let's get physical
2012-10-26 17:40:55
While most international investors view making money from China's burgeoning fitness market as something akin to trying to eat soup with chopsticks, British entrepreneur Walter MacDonald has already taken a large spoon to the industry.
Kweichow Moutai's Q3 profits surge 106%
2012-10-26 15:57:54
The net profits of Kweichow Moutai Co surged 106.05 percent year-on-year to reach 3.42 billion yuan ($543.41 million) in the third quarter of 2012.
Shagang: forging a path to success
2012-10-26 14:24:55
Shagang Group has about 500 foreign clients. Its overseas assets totaled about 1 billion yuan last year, with most of them in Australia.
China's Haimo seals US shale gas stake
2012-10-26 14:24:51
Lanzhou Haimo Technologies Co said its subsidiary Haimo Oil & Gas LLC will buy a 14.29-percent stake in Houston-based Carrizo Oil & Gas's Niobrara shale oil and gas assets in Colorado for $27.5 million.
Ping An, Huaxia banks' Q3 profits slow
2012-10-26 14:07:24
Ping An Bank Co Ltd and Huaxia Bank Co Ltd announced Friday that their net profits rose at a slower pace in the third quarter this year compared with the first half.
BYD sells electric cars to London taxi service firm
2012-10-26 13:21:58
Chinese automaker BYD Auto Co Ltd, which is backed by US business magnate Warren Buffett, will supply 50 electric cars to London taxi firm greentomatocars under an agreement signed on Wednesday.
UPS expands healthcare logistics network
2012-10-26 11:22:57
United Parcel Service Inc, the US-based global package delivery company, has announced the opening of three new healthcare distribution facilities in the Asia-Pacific region.
GM unfreezes asset-backed market as loans triple
2012-10-26 11:05:02
A General Motors Co venture is selling China's first notes backed by auto loans since the global financial crisis in 2008 amid forecasts that debt will fund three times more car purchases within five years.
Cosco Pacific: Profit little changed due to slowdown
2012-10-26 11:04:04
Cosco Pacific Ltd, the container-terminal arm of China's largest shipping group, said third-quarter profit was little changed from a year earlier as a trade slowdown pinched cargo volumes.
Hyundai Motor profit beats estimates
2012-10-26 10:35:08
Hyundai Motor Co reported profits exceeding analysts' estimates as it benefited from anti-Japan protests in China and the i10 mini-car helped the company buck a slump in Europe.
ZTE posts third-quarter loss as contract delays cut sales
2012-10-26 10:33:26
ZTE Corp, China's second-largest maker of telephone equipment, posted a third-quarter loss as delays in closing overseas deals fueled a cut in revenue.