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Chinese equities dived 2.36 percent Friday, led by declining heavy weights. The benchmark Shanghai Composite Index was down 2.36 percent, or 74.72 points, to close at 3,096.27 points. The Shenzhen Component Index declined 3.09 percent, or 411.23 points, to close at 12,876.15 points. Combined turnover shrank to 288.04 billion yuan ($42.17 billion) from...
Two private couriers -- Yunda Express and ZTO Express -- which previously announced a price hike, will not raise the prices of express delivery services for online shop owners on Taobao.com, China's biggest online commercial site, according to statements posted on their websites Thursday. Taobao users should not worry about the price hike as they could s...
Fidelity International's Anthony Bolton, one of the UK's best known and top performing asset managers, said he plans to return to managing money next year, with a focus on the increasingly important China market. Bolton, who retired from active fund management in 2007, said he would move to Hong Kong early next year to manage a new China investment port...
Chinese media company Shanda Interactive Entertainment Ltd is acquiring video website Ku6.com, in an effort to expand its market share in the interactive entertainment segment. Shanda has agreed to buy Ku6.com, a source familiar with the matter told China Daily yesterday, declining to reveal more details. Media reports have said that Hurray! Solutions L...
China said yesterday it was targeting a hefty 40-45 percent cut in carbon intensity by 2020 and Beijing also announced Premier Wen Jiabao would lead the nation's charge for real climate change progress at the Copenhagen summit. The announcements came one day after the US declared it would cut carbon emissions by 17 percent by 2020 from the 2005 level. Wa...
China Minsheng Banking Corp fell 3.08 percent in its Hong Kong debut on Thursday after raising approximately HK$30 billion in the city's biggest initial public offering since April 2007. Shares of Minsheng Bank closed at HK$8.8 near an intraday low, compared with its initial public offering price of HK$9.08, around the mid-point of its indicated range. ...
China's central government Thursday announced it is to join local governments and private investors in a pilot program to facilitate venture capital funds for innovative and high-technology industries, and industrial restructuring. The National Development and Reform Commission, the country's top economic planning body, and Ministry of Finance announced...
The ChiNext stocks slumped on Thursday as only 14 out of the 28 shares at China's startup board for small and medium-sized enterprises rose. The board, which is based in Shenzhen and started trading on Oct 30, 2009, is tailored to the needs of enterprises engaged in independent innovation and other enterprises with great growth potential. Source: BizCh...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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