Lenovo to offload handset unit
2008-02-01 10:45:17
PC maker Lenovo Group said yesterday it will offload its handset business for $100 million to a group of private equity firms to boost profitability.
China Coal Energy up more than 40% on Shanghai debut
2008-02-01 14:22:20
The share price of China Coal Energy, the country's second largest coal producer, jumped more than 40 percent in a strong debut in Shanghai on Friday amid volatile trading.
Wanted: CIC bond managers
2008-02-01 09:14:16
The country's $200 billion sovereign wealth fund China Investment Corp is hiring external bond managers to handle capital in two fixed-income products.
PICC ready for share float
2008-01-31 10:08:31
PICC is preparing to list in Shanghai this year, but the group hasn't decided whether it will go public as an entity or if it will just be Hong Kong-listed PICC Property and Casualty Co Ltd returning to the mainland market.
Baosteel, BHP sign 10-year deal for iron ore supply
2008-01-31 09:53:35
Signing a new 10-year contract, Melbourne-based BHP will supply a total of 94 million metric tons of iron ore to Shanghai-based Baosteel at about 10 million metric tons a year.
CRH nods to Yatai stake sale
2008-01-31 10:32:40
CRH Plc, the world's second biggest maker of building material, will pay 2.1 billion yuan for a stake in the cement unit of Jilin Yatai (Group) Co, tapping into China's construction boom.
Rival offer for Indonesian project topped
2008-01-31 10:32:15
PT Aneka Tambang and Shenzhen Zhongjin Lingnan Nonfemet Co offered 505 million Australian dollars in cash for Herald Resources Ltd, topping a rival bid to gain control of a lead and zinc project in Indonesia.
China Oilfield Services boasts 95% net profit rise
2008-01-30 11:54:00
China Oilfield Services Limited (COSL) said Tuesday its unauditted net profit was forecast to grow about 95 percent year-on-year last year.
Ping An, CFT launch money brokerage venture
2008-01-30 10:46:55
The world's second largest inter-dealer broker Compagnie Financiere Tradition (CFT) and Ping An Trust launched China's third largest money brokerage yesterday.
SAFE to strengthen check on cross-boarder capital flows
2008-01-30 09:46:00
The foreign exchange regulator said it will strengthen management of cross-border capital flows and short-term bank borrowing this year.
China Coal Energy freezes $380b in online IPO
2008-01-30 13:43:20
China Coal Energy, the country's second largest coal manufacturer, froze $380 billion of its A share IPO online subscription.
China Minmetals buys majority stake in Canadian miner
2008-01-30 14:54:37
China Minmetals announced in Beijing Tuesday that it has bought a majority stake in Northern Peru Copper of Canada.