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Karachi Moves to Stem Stock Slide |
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Thursday, 28 August 2008 |
The Karachi Stock Exchange proposed freezing the benchmark KSE-100 Index at 9000, after the latest political crisis dragged the index to its lowest point in more than two years for the second consecutive session.
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China Inc. Turns From Stocks to Bonds |
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Thursday, 28 August 2008 |
Many Chinese companies are issuing billions of dollars of new corporate bonds, bucking the global aversion to debt as other routes to capital have suffered.
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Oil prices jump on Gulf tropical storm threat |
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Thursday, 28 August 2008 |
Crude oil settled above 118 U.S. dollars a barrel Wednesday as Tropical Storm Gustav approached the Gulf of Mexico.
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Macquarie Gets Hit by a UBS Cut |
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Thursday, 28 August 2008 |
UBS cut its rating on Macquarie to "neutral" from "buy" and slashed its price target for the investment bank.
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Tourism to provide 100 million jobs |
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Thursday, 28 August 2008 |
CHINA plans to increase the number of tourism employees to 100 million by 2015 and boost the development of the industry by offering tax breaks and fortifying infrastructure.
The employee boost will almost double...
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Return of oil field boosts CNOOC |
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Thursday, 28 August 2008 |
CHINA'S No. 3 oil producer CNOOC Ltd said yesterday first-half earnings soared 89.3 percent to a record 27.5 billion yuan (US$4 billion) on higher output and solid oil prices.
Unlike bigger rivals PetroChina Co...
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Thursday, 28 August 2008 |
SHENZHEN Development Bank said yesterday it had secured regulatory approval to gain the trust status for stock investment funds. The service would allow the bank to provide a new intermediate service for its customers,...
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Thursday, 28 August 2008 |
GUANGSHEN Railway Co, the operator of trains in southern China's Guangdong Province, said yesterday half-year profit fell for the first time since 2004 after the country's worst snowstorms in five decades disrupted...
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Thursday, 28 August 2008 |
KWEICHOU Moutai Co, the maker of a fiery spirit used at Chinese government banquets to toast visiting dignitaries, said yesterday first-half profit jumped 164 percent after it raised prices. Net income climbed to 2.2...
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Thursday, 28 August 2008 |
THE Southeast Asian bloc and China announced yesterday that they made substantive progress in negotiations on the bilateral investment pact which is expected to be signed at the Bangkok Summit in December. On Day Two...
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Thursday, 28 August 2008 |
THE number of phone users in China exceeded 960 million as of July, including more than 600 million mobile phone users, the Ministry of Industry and Information Technology said yesterday. More than 290 million mobile...
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China, Iraq agree on US$3b oil deal |
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Thursday, 28 August 2008 |
IRAQ and China have agreed the terms of a US$3 billion oil service contract, Iraq's oil minister said yesterday, announcing the first major oil contract with a foreign firm since the fall of Saddam Hussein.
China...
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