Business News from Times Online
Millions of bank customers face a new threat to their money after it emerged yesterday that hackers had cracked PIN codes used in cash machines.
Shanghai Daily: Business - shanghaidaily.com
STEPPING up the battle against "hot money" flowing into and out of China, three government departments will link internal electronic systems from July 14 to check foreign exchange receipts and export settlements, the...
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CHINA National Petroleum Corp, China Petrochemical Corp and two other Chinese companies will bid for oil and gas exploration rights in southeast Iraq as energy demand rises in the world's fastest-growing economy. ...
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THE Chinese mainland's A-share market saw its capital reserves shrink by more than 16 billion yuan (US$2.35 billion) in June due to a sluggish performance which kept investors away, a report by Shenyin Wanguo Securities...
Shanghai Daily: Business - shanghaidaily.com
SHANGHAI shares jumped 1.95 percent yesterday, led by real estate developers, banks and metal producers. But analysts cautioned that the recovery may not be sustainable as the benchmark index still faces mounting...
Shanghai Daily: Business - shanghaidaily.com
TAYLOR Nelson Sofres PLC, the British market research firm that has agreed to a merger with Germany's GfK AG, rejected a fourth unsolicited preliminary takeover offer from WPP Group PLC yesterday. Taylor Nelson...
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SHANGHAI Coking & Chemical Corp will list all its assets through a chemical firm traded in Shanghai as part of the city government's efforts to consolidate state assets to bolster competitiveness. Shanghai 3F...
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UBS AG may post US$6.9 billion of additional writedowns and seek to raise more capital, according to Citigroup Inc. Yesterday's news came a day after Chairman Peter Kurer told a newspaper the largest Swiss bank...
Shanghai Daily: Business - shanghaidaily.com
INDUSTRIAL & Commercial Bank of China Ltd, the world's biggest by market value, said it expects first-half profit to rise by more than 50 percent as China's economic growth boosts demand for loans. "Income from...
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THE European Central Bank raised interest rates to a seven-year high to fight inflation even as economic growth cools. The ECB's Governing Council, meeting in Frankfurt, increased the benchmark lending rate by...
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THE Ping An Insurance (Group) Co said yesterday that speculation about alleged tax irregularities did not accord with the facts. The State Administration of Taxation is conducting a standard investigation into...
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CRUDE oil rose to a record above US$145 a barrel in New York as investors sought an alternative to tumbling stock markets. Oil has advanced more than 50 percent this year, while equity indexes and the United States...
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CHINESE refiners' earnings are facing a tumble with fears the government will end a 75-percent refund on the crude oil import tax this month after June's fuel price hike. If true, top Asian refiner Sinopec Corp...
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GLOBAL mining giant BHP Billiton said yesterday that United States anti-trust regulators had granted partial approval for its US$170 billion hostile takeover bid for rival Rio Tinto. BHP Billiton Ltd, the world's...
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UNITED Kingdom services from banks to airlines contracted last month by the most since October 2001 and banks expect to curb lending further in the third quarter, adding to evidence that Britain is edging closer to...
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SHANGHAI is expected to handle a total of 84 million air passengers and 5 million tons of cargo during 2010, the year the World Expo will be held here, slightly higher than the designed capacity of the city's two...
Shanghai Daily: Business - shanghaidaily.com
CHINA'S aviation experts have started to discuss the feasibility of its large airplane manufacturing program, a move that indicated it had entered an advanced stage of research. The feasibility demonstration...
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CHINA has set up an inter-agency coordination group to develop an advanced and safe high-speed rail system. The Ministry of Science and Technology Website, www.most.gov.cn, yesterday said MOST and the Ministry...
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GAME Group Plc, the UK's largest video-games retailer, said sales growth accelerated in the second quarter as new releases including Nintendo Co's "Wii Fit" and "Grand Theft Auto IV" boosted revenue. Sales at...
Shanghai Daily: Business - shanghaidaily.com
VODAFONE Group Plc, the world's biggest mobile-phone company, agreed to buy a 70-percent stake in Ghana Telecommunications Co from the government for US$900 million to expand in one of Africa's fastest-growing markets. ...