Profit declines for China's state-owned enterprises (SOEs) continued but narrowed in November, the Ministry of Finance (MOF) said Friday. China's non-financial SOEs raked in 2 trillion yuan (309.1 billion U.S. dollars) in profits from ...
Tags: State Companies, Profitability
The China-proposed Asian Infrastructure Investment Bank (AIIB) was formally established Friday. Expectations are high for the new global multilateral financial institution, which will operate in an open, fair and efficient manner, AIIB's ...
Global manufacturer of flavors and colors Flavorchem Corporation is launching a new line of Non-GMO Project Verified flavors. The new flavors will join the existing line that includes cocoa, coffee, lime, orange, peppermint, and lemon. ...
Tags: Flavorchem Corporation, on-GMO Project Verified flavors, Agriculture
Profits of China's major industrial firms fell 1.4 percent year on year in November, narrowing from a 4.6-percent decline posted in October, the National Bureau of Statistics (NBS) said on Sunday. Profits at industrial companies with ...
Tags: Industrial Profit, Decline
Shen Hao, former president of 21st Century Media Co. Ltd., was sentenced to four years in prison on Thursday for blackmailing companies by threatening negative coverage. Shen was convicted of extortion and forced transactions, among other ...
UK-based drinks company Diageo has completed the sale of Jamaican lager Red Stripe to Heineken for $780.5m. The deal, which was announced in October, entails Diageo offloading its brewing companies in Jamaica, Malaysia and Singapore, to ...
Tags: Diageo, Jamaican lager Red Stripe, Food
A file photo shows a high-speed train, independently developed by China, departs from the Harbin West Station, NE China's Heilongjiang Province. Ways to keep the economy steady through structural reforms are said to be the focus as ...
Tags: Innovation, economy steady
Tsinghua Unigroup of mainland China announced on Dec. 11 to acquire a 24.9 percent holding in Siliconware Precision Industries Co., Ltd. (SPIL) and a 25 percent stake in ChipMOS Technologies (Bermuda) Ltd. for total cost of NT$68.8 billion ...
Tags: Tsinghua Unigroup, semiconductor, Processing Machinery
McRae Industries, Inc., the maker of military, work and western boots, reported consolidated net revenues for the first quarter of fiscal 2016 of $31.7 million as compared to $29.2 million for the first quarter of fiscal 2015. Net earnings ...
Tags: McRae Industries, Inc., footwear brandes, Sporting Goods
A novel cable designed by a Chinese company could help protect the lives of the country's millions of miners by providing life necessities in times of crisis. The multifunctional cable uses a stainless-steel tube inside a traditional ...
Investment bank Goldman Sachs late Wednesday lowered its iron ore price forecast for 2017 by $5/dmt to $35/dmt CFR China after a faster-than-expected softening in seaborne prices. "Iron ore prices have reached our $40/dmt forecast one ...
Tags: iron ore price, steel
The European Commission has cleared commodities trading group Trafigura's minority holding in Belgium-based zinc and lead producer Nyrstar. In November, Trafigura told the EC its minority 20.02% stake in Nyrstar -- held through its ...
Tags: Nyrstar, Zinc, lead metal
Liu Qiangdong, founder and CEO of JD.com, talks about the role the internet will play in future business operations in an interview with Sina. [Photo: sina.com] Liu Qiangdong, founder and CEO of JD.com, one of China's largest e-commerce ...
China's central bank projected its baseline forecast for 2016 growth at 6.8 percent on Wednesday, expecting the number of positive factors to gradually increase despite downward pressure on the economy. The rate is slightly lower than the ...
Tags: Central Bank, economy
Tsethang serge, considered the finest of all Tibetan traditional fabrics, has reemerged decades after disappearing from the market. Traditionally reserved for lords and high-ranking monks, Tsethang serge has been a symbol of status in ...
Tags: Traditional Weaving, Tibet