Huang Nubo may quit Iceland land deal
2013-03-26 20:46:38
After a wait of nearly two years, Chinese billionaire Huang Nubo is looking forward to a breakthrough in April on his multimillion-dollar deal to buy land in Iceland, while admitting that he might pull out by May if no progress is made.
Air China's net profit down 33.82% in 2012
2013-03-26 20:45:29
Air China Ltd posted a 4.95 billion yuan ($788.80 million) net profit in 2012, down 33.82 percent year-on-year, the airline said on Tuesday.
Rio Tinto Minerals boosts investment in Asia
2013-03-26 19:19:07
As the demand for industrial mineral borates continues to grow in Asia, Rio Tinto Minerals opened a technology center in Suzhou, Jiangsu province, on Tuesday.
Telecoms giant ZTE sees gold in Chinese roots
2013-03-26 17:28:52
China's ZTE Corp is counting on a new generation of tech-savvy smartphone users to drive at least $7.5 billion of 4G network projects and elevate its sagging fortunes.
PPS denies buyout rumors
2013-03-26 17:10:45
PPStream Inc, a Shanghai-based online television video operator, has denied media reports that it was acquired by rival iqiyi.com Inc.
Sinopec to pay $1.5b for parent's oil, gas assets
2013-03-26 17:03:22
China Petroleum and Chemical Corp will pay $1.5 billion for overseas oil and gas-producing assets held by its parent in a long-awaited move to reshape its business.
Dongfeng's 2012 net profit slumps 94.8%
2013-03-26 16:59:57
Dongfeng Motor Corp said in its 2012 financial report filed with the Shanghai Stock Exchange on Tuesday that its net profit slumped 94.82 percent year-on-year to 21.73 million yuan.
CNPC calls for int'l co-op on global energy security
2013-03-26 16:53:14
Energy producers and consumers and oil companies should work together since energy security is no longer an independent issue for any nation or region.
PICC 2012 net profit up 28.6%
2013-03-26 16:48:17
The People's Insurance Co (Group) of China Ltd posted a 31.8 percent annual increase in its 2012 net profits to 6.83 billion yuan ($1.08 billion).
CIC to work closely with Russia to develop Siberia
2013-03-26 15:53:53
China's sovereign wealth fund China Investment Corp said on Monday that it has signed a memorandum with Russia to boost cooperation in infrastructure projects to develop Siberia.
Solar enterprises in China suffering
2013-03-26 14:16:09
Suntech is in trouble, and other solar companies in China including Yingli Solar, Trina Solar, and Canadian Solar are also posting net losses.
Apple unmoved by repairs complaints
2013-03-26 14:01:10
There's now a scandal brewing over Apple's warranty and repair policy, and concern that Chinese consumers are being given a rough ride.