Citibank ups the ante in Nanjing
2011-05-12 10:44:59
Citibank is continuing its expansion in China and expects fierce competition to heat up among foreign banks, who are eyeing a slice of the wealth and consumption in the Chinese economy.
Earthquake hits Toyota profit
2011-05-12 10:41:10
The Japanese carmaker Toyota Motor Corp said fourth-quarter profit fell 77 percent after Japan's record earthquake disrupted production and crimped domestic sales.
Inflation data chills markets
2011-05-12 10:38:07
The retreat came after data showed that inflation exceeded government targets last month, signaling higher interest rates that may slow the world's second-biggest economy.
Power shortage disrupts life, production in China
2011-05-12 10:36:03
All the electric gates of modern apartment buildings in Kaifu District of Changsha city are kept wide open. Once closed, they wouldn't open again because of an ongoing power shortage.
Chinese shares open lower - May 12
2011-05-12 10:30:11
Chinese shares opened lower on Thursday, with the benchmark Shanghai Composite Index down 0.64 percent to 2,864.98.
China's yuan weakens against US dollar - May 12
2011-05-12 10:29:22
The Chinese currency renminbi, or the yuan, Thursday weakened against the US dollar as the central parity rate of the yuan was set at 6.5005 per US dollar.
Hong Kong stocks open lower - May 12
2011-05-12 10:28:16
Hong Kong stocks moved down 179. 67 points, or 0.77 percent to open at 23,112.13 on Thursday
Market exchange rates in China -- May 12
2011-05-12 10:27:26
The following are the central parity rates of the renminbi against seven major currencies announced Thursday by the China Foreign Exchange Trading System.
ChiNext Index opens lower - May 12
2011-05-12 10:26:45
ChiNext Index opened 2.8 points lower at 927.15 Thursday.
Gold price opens lower in Hong Kong - May 12
2011-05-12 10:25:50
The gold price in Hong Kong went down HK$ 216 to open at HK$13,940 per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
China stock index futures open lower - May 12
2011-05-12 10:24:57
China's stock index futures opened lower Thursday. The contract for settlement in May, the most actively traded, opened 19.8 points lower at 3,124.6 from the previous close.
Businesses lose billions; consumers end up paying
2011-05-12 10:24:21
Businesses in China suffered losses of 128.4 billion yuan ($19.78 billion) from theft in 2010 and industry experts said that suppliers and consumers will end up footing some of the bill.