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Media
Hong Kong Hang Seng Index went up 168.62 points, or 0.84 percent, to close at 20,306.27 on Tuesday. Turnover fell to HK$71.49 billion ($9.23 billion) from Monday's HK$74.74 billion ($9.65 billion ). Source: BizChina
Air China, the country's flag carrier, will increase its stake in Cathay Pacific Airways to nearly 30 percent by buying shares from CITIC Pacific at HK$6.335 billion. The Beijing-based airline will buy 491.9 million shares of Cathay at HK$12.88 apiece from CITIC Pacific, according to a statement posted on the Hong Kong Stock Exchange. The deal will mak...
China's Sichuan Tengzhong Heavy Industrial Machinery Corp is to wrap up the purchase of Hummer at the end of September, the Beijing Youth Daily reported yesterday. The newspaper quoted unnamed sources as saying the deal signed in June was only a framework and the two sides had been negotiating on detailed terms. The newspaper also said it is preparing ap...
China reduced its holdings of US Treasury debt in June by the biggest margin in nearly nine years, according to a US Treasury Department report issued on Monday. China cut its net holdings by 3.1 percent to $776.4 billion in June from $801.5 billion in May, the report says. This is also the first large-scale reduction of US Treasury debt by China so far t...
China Telecom said Tuesday a damaged undersea cable caused by a major earthquake off Taiwan Monday is responsible for disruptions to international telecom services. The Shanghai branch of China Telecom said the earthquake and earlier undersea landslides caused by Typhoon Morakot had damaged nine underseas cables southeast of Taiwan. Five of the cables a...
The Chinese government is attempting to pass the baton of growth from State-funded infrastructure investment to the private housing sector, a risky but necessary move to sustain the economic recovery. Construction cranes sprouting in big cities, busy furniture shops and soaring property sales all show that the transition is going smoothly so far, though o...
The majority of mobile phone subscribers in China use entry-level cell phones for making calls and sending text messages. But the country's smartphone market is expected to take off in the next six months. Apple's iPhone is expected to be officially introduced in China in partnership with China Unicom. HTC will introduce three custom Android handsets ...
Chinese domestic TV makers were suffering losses because of soaring LCD panel prices. The price of 32-inch LCD panels rose from $120 in January to about $200 in July -- an increase of about 70 percent. Huang Xiangping, an executive with the consumer electronics department of Tsinghua Tongfang, said domestic TV makers are selling LCD TVs of certain sizes...
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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