Sonoco Consumer Products Europe is planning to close two of its tobacco production plants in Germany, resulting in the removal of 100 employees. The Bunde plant in Northwest Germany will be closed by May 2016 and Hockenheim 3 plant in ...
Tags: Sonoco Consumer Products, tobacco, Packaging
In view of strong demand, China-based PV module makers have hiked quotes by nearly 3% in the China market, according to industry sources. The increases have been most significant in the 255W and above segment, with quotes having risen to ...
Tags: PV Module, PV Projects
The central bank on Tuesday announced plans to introduce green bonds to allow financial institutions to raise funds for green projects. The People's Bank of China (PBOC) said the green bond will widen financing channels for projects in ...
Tags: Green Bond, Interbank Market
One of China's biggest securities firms, Guotai Junan Securities Co. has announced the decision on Wednesday to return its Chairman and Chief Executive Officer, Yim Feng to active duty. In a statement issued on Wednesday, the company said ...
Tags: Guotai Junan, Chairman
China will continue to actively destock its massive property inventory over concerns that the ailing housing market could derail the economy. Along with cutting overcapacity and tackling debt, destocking will be a major task in 2016, ...
China Southern Airlines has announced an order to purchase 10 Airbus aircraft worth over 2 billion U.S. dollars, to help meet the growing demand for travel in China. The wide-body aircraft are expected to be delivered between 2017 and 19. ...
Tags: China Southern Airline, Planes
Luxury car maker BMW's China Automotive Trading is going to recall Mini Cooper models in the country due to concerns over a fault with the power steering system. The recall will involve at least 620 vehicles sold on the Chinese mainland ...
Tags: BMW, Mini Coopers
Chinese lawmakers on Wednesday called on market regulators to step up supervision and stipulate heavier penalties for violators once a stock listing reform takes effect. Legislators are set to approve a State Council proposal on the ...
Tags: IPO Reform, Supervision
Rating agency Fitch predicts that China's annual steel exports are likely to fall to 70 to 80 million tons in the long term. Official data shows in 2014, China's steel exports reached 94 million tons. However, more steel production ...
Tags: Chinese Steel, Exports
The priorities set out by Chinese leaders at a key economic meeting have prompted strong interest among foreign media organizations. The Central Economic Work Conference, which was held here from Friday to Monday, reviewed China's ...
China will deepen structural reform of rural industries and upgrade the integrative development of agricultural, industrial and service sectors in rural regions. The measures are key to promoting the modernization and urbanization of ...
China's stocks closed lower on Wednesday despite financial heavyweights performing strongly. Shanghai lost 0.43 percent to end at 3,636.09 points. The smaller Shenzhen index dipped 1.0 percent, or 131.26 points, to close at 13,007.87 ...
Tags: Shares, Financial Bluechips
China is to extend the trading hours of the interbank forex market by seven hours and allow more foreign entities into the market, according to a Wednesday statement by the People's Bank of China (PBOC). From Jan. 4, the closing time for ...
Tags: Extends Trading, Forex Market
The Chinese government is taking absolutely adequate measures to handle slowing economic growth and an increase of certain imbalances, a leading Russian expert has said, commenting on China's key economic meeting held last weekend. "What ...
The State Council announced Wednesday that it supported the development of direct financing to reduce production costs for enterprises. Through direct financing, enterprises can get funds from the capital market by issuing shares or ...
Tags: Direct Financing