Triangular debts threaten manufacturers
2012-10-29 13:38:25
"Triangular debts", a liquidity problem resulting from payment delays between companies, are posing a threat to businesses in China's iron and steel, machinery and coal sectors.
Microsoft's head in clouds
2012-10-29 09:54:38
Microsoft Corp could be excused for being somewhat ambivalent in its attitude toward the Chinese market.
China Southern Airlines Q3 net profit drops 29%
2012-10-29 09:48:54
Chinese airline giant China Southern Airlines said on Sunday its net profit tumbled 29.25 percent year-on-year to stand at 2.22 billion yuan in the third quarter.
China Construction Bank net profit up 13.8%
2012-10-29 09:45:04
China Construction Bank said its net profit rose 13.8 percent year-on-year to 158.19 billion yuan ($25.1 billion) in the first three quarters of this year.
Sinopec net profit falls 9.38% in Q3
2012-10-29 09:16:43
China Petroleum and Chemical Corp said on Sunday that its net profits for the third quarter dropped 9.38 percent year-on-year to 18.33 billion yuan.
UBS plans to lose 10,000 employees
2012-10-29 07:27:21
UBS AG, Switzerland's largest bank, will cut as many as 10,000 jobs companywide as the trading business shrinks, a person with knowledge of the plan said.
Scalpers cash in on short supply of iPhone 5s
2012-10-29 07:23:20
Despite mixed reactions upon its launch, the iPhone 5 has become a hot ticket item and is in short enough supply to have created a market for scalpers on the Chinese mainland and in Hong Kong.
Chinese companies' profit rates decline Jan-Sept
2012-10-27 16:16:26
The rate of profit among Chinese companies declined in the first nine months of 2012, as the country's economic growth continued to slow.
BYD set to supply London's all-electric minicabs
2012-10-27 11:11:35
Chinese automobile manufacturer BYD has partnered with London minicab service Greentomatocars to supply the British capital's first fleet of all-electric minicabs.
Agricultural Bank of China net profit up 19.2%
2012-10-27 10:39:03
The Agricultural Bank of China said Friday its net profits totaled 120.12 billion yuan ($19.06 billion) in the first three quarters of this year, showing a 19.2 percent year-on-year rise.
China Everbright Bank profits surge 35%
2012-10-27 09:20:58
China Everbright Bank, a mid-sized lender, said Friday its net profits jumped 34.69 percent year on year to reach 19.06 billion yuan ($3.03 billion) for the first three quarters.
iPhone 5 on sale in China by December
2012-10-27 00:40:08
Apple Inc's latest handset, the iPhone 5, is expected to be on sale in China by December, according to a statement from Tim Cook in a report.