Profits of oil giant China Sinopec increased more than 10 billion yuan (1.6 billion U.S. dollars) in the first eleven months. Huang Shuhe, vice chairman of the State-owned Assets Supervision and Administration Commission (SASAC), said the ...
Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Group Co. (Ansteel) announced on December 23 that it has signed strategic cooperation agreement with China State Construction Engineering Corporation (CSCEC), which is one of ...
Tags: steel, metallurgy
On December 23, Chinese steelmaker Chongqing Iron and Steel Co. (Chongqing Steel), a subsidiary of Chongqing Iron and Steel (Group) Co., announced that it has issued 706.7 million non-public shares to raise a total of RMB 1.999 billion ...
Tags: steel, metallurgy
Vietnam's economy grew more than analysts estimated as exports climbed,even as banks struggled to meet the government's lending target. Gross domestic product rose 6.04 percent in the fourth quarter from a year earlier,according to data ...
At the 75th Organization for Economic Co-operation and Development (OECD) Steel Committee meeting held recently in Paris, Alacero, the Latin American steel association, said the current situation in the steel industry is becoming critical ...
Tags: steel, metallurgy
A long-running spat between Changqing oil field and Yulin government in Northwest China's Shaanxi Province has moved a step closer to being resolved after 21 of the oil and gas producer's 22 bank accounts were unfrozen. A Yulin government ...
Tags: Eco-Compensation, Oil Producer
Global IPO activity should remain on a firm footing in Q1'14, following a strong uptick in listings in the last quarter of 2013 to close the year with a total of 864 deals raising around US$163.0b, according to EY Global IPO Trends: Q4 ...
Tags: Global IPOS, investment, stock
A worker examines the gas supply system at a specialty steel plant in Dalian, Liaoning province. From January to October, large industrial enterprises' profits rose 13.7 percent year-on-year. Liu Debi Industrial companies saw their profits ...
Tags: Industrial Sector, Mineral
China's latest figures on industrial activities indicated that the world's second largest economy faced worsening overcapacity despite a slew of measures and repeated warnings from the leadership. Analysts said overcapacity was posing a ...
Tags: Overcapacity, China's Economy
When a Chinese engineering firm sets off to build a road or a dam in a distant country, a Chinese bank is usually not far behind them. Bank branches bearing Chinese characters can be found on the streets of Lima and Warsaw, as well as Paris ...
The profits of China's state-owned enterprises (SOEs) surged 10.1 percent in the first 10 months of the year from the same period in 2012, said the Ministry of Finance on Wednesday. Profits for national and local SOEs stood at 1.97 ...
Tags: SOE Profits, Economy
The series of reforms announced over the weekend in China could begin to change the way the country's local and regional governments (LRGs) operate, said Fitch Ratings, a London-based credit rating company, on Tuesday. If implemented ...
Tags: China's Reforms, Economy
China and the European Union are expected to start negotiations on a landmark bilateral investment treaty during the upcoming China-EU summit, the top EU envoy in China said. The agreement will help China upgrade its economy and better ...
Tags: Treaty Talks, EU
Weak commodity prices, a shifting investment environment, and problems with governments and workers prompt Chinese mining companies to slow their expansion abroad, reports Du Juan from Tianjin Chinese investors in overseas mining projects ...
Tags: Metallurgy, Mineral, Energy
The HSBC purchasing managers' index (PMI) for China rose to a final reading of 50.9 in October from 50.2 in September, unchanged from the flash estimate released previously, HSBC Holdings PLC has announced. The final manufacturing PMI ...
Tags: PMI, Metallurgy, Mineral, Energy