Wuhan Steel raises April steel prices
2010-03-16 11:14:51
China's Wuhan Iron and Steel Co has raised April prices for hot- and cold-rolled steel by 300 yuan a ton, and for galvanised steel by 200 yuan a ton, the China Securities Journal said on Tuesday.
China State Construction to issue up to $3b bills
2010-03-16 10:43:22
China State Construction Engineering Corp, the country's largest homebuilder, said on Tuesday it planned to issue up to 20 billion yuan ($2.93 billion) worth of bills.
Cnooc may snag 50% of Argentine oil producer
2010-03-16 10:12:24
Cnooc Ltd, China's largest offshore oil and gas producer, said on Sunday it will pay $3.1 billion to acquire a 50 percent stake in Argentine oil producer Bridas Corp, a deal analysts said will add to the company's reserves and production substantially.
Shippers sail through rough waters by diversifying
2010-03-16 10:04:08
Shipping companies are diversifying their businesses in a bid to get through an industry downturn triggered by contracting global trade and plunging shipping fees.
Ore price hikes force mills to appeal for govt support
2010-03-16 09:23:34
Estimates that iron ore contract prices may go up have put further pressure on Chinese steel mills, forcing them to appeal to the government to solve the problem at a national level.
BYD lifts capex by 58% to 10b yuan on expansion push
2010-03-15 17:23:55
Chinese car and battery maker BYD Co, backed by US billionaire investor Warren Buffett, will lift capital expenditure by 58 percent this year, its chairman said, as it embarks on an aggressive expansion plan.
China Cosco confident on container-rates rise
2010-03-15 11:19:46
China Cosco Holdings Co, the nation's largest container-ship operator, expects to win a planned rate increase in new contracts as an economic rebound revives trade and shipping lines continue capacity restrictions.
Polluting plant shut down
2010-03-13 09:42:37
A polluting plant in this small county bordering Sichuan province and Chongqing municipality has been ordered to stop operation in the wake of a lead poisoning scandal, which has sickened 49 people.
China Dongling to reopen lead/zinc plant
2010-03-12 16:37:54
China's Dongling Group is preparing to restart a 100,000-ton-a-year lead and zinc smelter this month shut since August last year following accusations by locals that it was a source of lead poisoning.
Haier selling GE appliances in rural China
2010-03-12 16:27:17
Chinese appliance maker Haier says it has joined with General Electric in selling GE appliances to rural areas, the focus of subsidies intended to boost spending by hundreds of millions of farmers.
Air China hit 2-yr high on M&A hopes after fundraising
2010-03-12 14:06:38
Investors bid up Air China shares to a two-year high on Friday on expectations the world's largest airline by market value will use its new $950 million war chest to fund acquisitions at home and abroad.
Hebei Steel eyes more acquisitions
2010-03-12 11:07:57
Hebei Iron & Steel Group is planning more mergers and acquisitions in China and abroad as part of a government drive to improve the country's mills.