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Chinese venture capitalists are taking advantage of the finance industry's sag to strengthen their hand in negotiations, evaluate their investment options more carefully and to build up the investments they've made over the past few years. Companies' nosediving price-earnings ratio in the stock market along with tightened financing channels for start...
Shanghai-listed China Coal Energy company Ltd., one of the country's leading coal producers, said Sunday night its 2008 profit rose 17.7 percent year on year amid rising coal price and production. The company said in its annual report that net profit was 6.81 billion yuan (about one billion U.S. dollars), or 0.52 yuan per share in 2008 under the domestic...
U.S. automaker General Motors on early Monday confirmed the resignation of Rick Wagoner as chairman and chief executive officer of the company, and named Fritz Henderson, its current president and chief operating officer, as its new CEO. In a short statement, the Detroit-based automaker said that "Rick Wagoner is stepping down as chairman and C...
Tourists from the mainland take photos on a ship sailing on the Sun Moon Lake, a major tourist attraction in Nantou, Taiwan, on March 18. The group was one of the largest to have visited the island since direct travel links were opened last year. The mainland and Taiwan could work together on Taiwan's participation in the World Health Assembly (WHA), a m...
Four Chinese banks, including the Bank of China (BOC), have signed agreements to provide 21 billion U.S. dollars worth syndicated loans to the Aluminum Corporation of China (Chinalco) to support its bid for Rio Tinto, the BOC announced Friday. Source: Xinhua
China's Finance Minister Xie Xuren urged Wednesday for a full-scale reform of the global financial system to diversify international currencies, improve regulation and give developing countries a bigger say in economic decisions. The global financial crisis has exposed some pitfalls of the present financial system and underscored the urgency of an effe...
The first foreign index-linked financial product, the Nasdaq-100 index-linked product, is likely to be traded in China this year, according to China's Guotai Asset Management. On Thursday, Guotai and the Nasdaq OMX Group, Inc. announced that Guotai has executed an exclusive licensing agreement with Nasdaq OMX to use the Nasdaq-100 index in the developmen...
Tesla Motors, a startup company based in Silicon Valley, unveiled a new electric car on Thursday which is billed as world's first mass-produced, highway- capable electric vehicle. The four-door Model S is an all electric family sedan that can carry seven people and travel 300 miles (about 483 kilometers) per charge, the company said in a statement. Ant...
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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