Mutual funds lower stock outlook

2011-09-01 09:29:19

Chinese mutual funds cut their recommended exposure to stocks to the lowest level in 14 months, suggesting higher bond and cash holdings as growing economic uncertainty dampens risk taking

Ericsson hopes for lawsuit agreement

2011-09-01 09:58:46

Top mobile telecom equipment maker Telefon AB L.M. Ericsson hopes to reach an agreement with Chinese rival ZTE Corp over an intellectual property rights dispute that began in April, said Ericsson's president.

Conoco's oil leak claim not verified

2011-09-01 09:42:18

ConocoPhillips China (COPC) said on Wednesday that it had sealed off leaks from an oil spill that polluted north China's Bohai Bay before the Aug 31 deadline. However, the claim has not been verified by China's maritime authority.

Sina increases Tudou stake to 9% for $35.2m

2011-08-31 09:42:10

Sina Corp, owner of China's third-most popular website, paid $66.4 million for a stake in Tudou Holdings Ltd to boost its investments in online video services.

Harsh penalties for errant airline

2011-08-31 09:39:10

A Chinese airline company has been severely punished after one of its pilots refused to give way to a Qatar Airways' jet requesting a priority landing due to fuel shortage in Shanghai in early August.

BYD planning layoffs in sales, marketing units

2011-08-31 09:37:53

Chinese battery and automaker BYD Co Ltd is planning large-scale layoffs of its workforce to weather a sharp dive in sales and earnings in the first half, said a Chinese website on Tuesday.

Bombardier plans growth

2011-08-31 09:27:09

The suspension of new high-speed rail (HSR) projects in China has sent the Canadian train maker Bombardier Inc in search of new growth drivers in the country.

When small businesses become big business

2011-08-31 09:10:25

With large State-owned enterprises becoming more reliant on direct financing in the capital market, banks are increasingly turning their attention to the country's cash-strapped SMEs as a new profit driver.

Company says 99% of oil spill cleared

2011-08-31 09:17:01

US oil company ConocoPhillips said it had cleaned up 99 percent of the mineral oil-based drilling mud near Platform C at Penglai 19-3 oil field, as a deadline is approaching.

McDonald's seeking a new menu for mainland success

2011-08-31 09:11:13

McDonald's Corp, the world's biggest fast-food chain, is tweaking its strategy in China to take account of changing industry conditions.

Liquidity concerns lower stocks

2011-08-31 09:24:57

Stocks on the Chinese mainland fell for a third day on concern that tighter credit will make it harder for smaller companies to borrow money for expansion

BofA's sale of CCB shares to have a 'limited effect'

2011-08-31 09:03:35

Bank of America Corp's (BofA) sale of half its stake in China Construction Bank Corp (CCB) will have a "very limited" effect on China's banking industry, analysts said on Tuesday.