Oil rose more than 3 percent to above $71 a barrel on Monday as positive manufacturing data in the United States and China raised optimism for an economic recovery that could bolster energy demand.
Oil rose more than $2 a barrel to hit a one-month high above $72 on Monday as positive manufacturing data in the United States and China raised optimism for an economic recovery that could bolster energy demand.
Senior officials from Apple Inc will visit China to restart top level negotiations with China Unicom on iPhone's entry into the huge Chinese market, local media outlet Sina.com reported on Tuesday morning local time.
HSBC Holdings could raise 50 billion yuan ($7.3 billion) in a Shanghai listing next year as it vies to be one of the first foreign firms to list in China, according to people familiar with the matter.
China's banking regulator, concerned record lending could lead to a spike in bad loans, may tighten banks' capital rules by excluding subordinated bonds they sell to other banks from their capital base, sources said Monday.
China, bruised by the collapse of a proposal to buy a Rio Tinto stake, could confine itself to project-level deals with miners to feed its hunger for metals and shun company acquisitions to avoid further loss of face.
Oil rose more than $2 a barrel to hit a one-month high near $72 on Monday as positive manufacturing data in the U.S. and China raised optimism for an economic recovery that could bolster energy demand.
The state parent of Brilliance China Automotive Holdings is in talks with Daimler AG to set up a joint venture in China making special purpose vehicles, executives at the parent company, Brilliance Auto, said on Monday.
Everbright Securities Co, China's 10th biggest brokerage by market share, plans to raise as much as 10.96 billion yuan ($1.60 billion) in its Shanghai initial public offering after announcing an IPO price range on Sunday.
Oil rose more than $2 a barrel to hit a one-month high near $72 on Monday as positive manufacturing data in the U.S. and China raised optimism for an economic recovery that could bolster energy demand.
China has sealed off a remote far-western town of 10,000 people after two people died of pneumonic plague, state media said Monday, but the World Health Organization said such outbreaks were nothing new.
General Motors Co said on Monday its China vehicles sales in July jumped 77.7 percent from a year earlier, extending an uninterrupted series of single month sales records since January.
China ratcheted up pressure on exiled Uighur activist Rebiya Kadeer on Monday, saying two of her children and her brother had written letters condemning their mother for orchestrating last month's ethnic riots.
Asian corporate earnings have shown signs of improvement, stock markets have rallied hard and fund raising activity has picked up, but the tone from company executives remains cautious.
China has sealed off a remote western town of 10,000 people after two people died of pneumonic plague.
Guo Yonggang from Xian in western China suffered serious spinal injuries last year in an accident while driving an agricultural vehicle.
U.S. venture capital heavyweight IDG Capital Partners (IDGVC) is considering setting up a 4 billion yuan ($586 million) fund denominated in yuan, a top executive said on Monday.
World stocks climbed to a new 2009 high on Monday with banking news from Europe generally positive and signs of a pick up in Chinese economic activity lifting Asian shares.
Asian stocks crawled up to an 11-month high on Monday as Chinese shares cheered more signs of economic activity picking up speed, giving a boost to oil and copper prices while hurting the safe-haven U.S. dollar.
China may have overstocked on commodities, risking a slowdown in buying and a correction in prices in the second half of this year, top economist Nouriel Roubini said on Monday, also reiterating that the global recession would continue until year-end.
A China-based cyber attack on Saturday shut down online bookings for a leading Australian film festival, days before a controversial visit by a leading critic of Beijing, organizers said.
China's central and regional propaganda offices have concluded that their strategy of media openness following ethnic riots in the far western city of Urumqi was a success, the Xinhua news agency said on Friday.
