China's Lion Fund Management Co will launch next week the country's first mutual fund that invests in overseas oil and gas-related assets, as Chinese money managers step up innovation to woo investors haunted by inflation concerns.
China will publish rules as early as next month to allow offshore yuan to be invested in the mainland's capital markets under a new scheme, the Shanghai Securities News reported on Friday, citing people close to the securities regulator.
China COSCO Holdings said on Friday that vessel seizures during contract disputes are common as it is embroiled in disagreements with several shipowners over payments.
Guinea is in advanced talks with state-owned China Power Investment to develop a bauxite mine and build an alumina refinery, deep water port and a power plant in the West African state, Guinean government sources said.
China Shenhua Energy Co Ltd , the country's largest coal producer, posted a 16.5 percent increase in first-half profit, buoyed by rising sales volume on the back of rising energy demand in the world's second-largest economy.
The booming eastern Chinese province of Zhejiang has ordered a rise in taxi fares in cities and counties with underpriced cabs following a wave of strikes by drivers demanding higher wages, state news agency Xinhua said on Friday.
The people of Tripoli ventured out to mosques on Friday, praying for peace and offering thanks for the fall of Muammar Gaddafi, though the Libyan capital remained locked down and dangerous as rebel fighters hunted the fugitive strongman.
XCMG Construction Machinery Co Ltd (000425.SZ) is slated to start pre-marketing on September 5 for an up to $1.5 billion planned share listing in Hong Kong, IFR reported on Friday.
U.S. Vice President Joe Biden said on Friday the U.S. economy needed more stimulus to get it moving, putting in a plug for government measures shortly before the White House unveils new proposals to boost job growth.
Irene would truly have to be a catastrophic event to fall into the following list of the costliest natural disasters in recorded history.
This year's heady bout of risk aversion on financial markets has ratcheted up demand for gold, U.S. Treasuries and the Swiss franc to levels that suggest they may no longer be the safe havens they are billed as.
This year's heady bout of risk aversion on financial markets has ratcheted up demand for gold, U.S. Treasuries and the Swiss franc to levels that suggest they may no longer be the safe havens they are claimed to be.
Obesity is most widespread in Britain and the United States among the world's leading economies and if present trends continue, about half of both men and women in the United States will be obese by 2030, health experts warned on Friday.
Groupon Inc. CEO Andrew Mason, lashing out at what he called insane and hilarious criticism in the media, defended the daily-deals Web site's record and growth strategy in a lengthy memo to employees Thursday.
Groupon Inc CEO Andrew Mason, lashing out at what he called insane and hilarious criticism in the media, defended the daily-deals website's record and growth strategy in a lengthy memo to employees on Thursday.
China appears on track to forge a modern military by 2020, a rapid buildup that could be potentially destabilizing to the Asia-Pacific region, the Pentagon said on Wednesday.
China's telecom giants are building up a war-chest of patents to help give them an edge in the legal battles raging between the world's smartphone makers, aided by Beijing's push to transform the country from workshop to innovator.
China's state news agency on Thursday condemned a Pentagon report on China's growing military might, calling its account of Beijing's weapons modernization drive an alarmist cock-and-bull story.
Hong Kong shares were higher by midday Thursday, mainly driven by several Chinese companies that reported forecast-beating interim earnings, magnifying the lift from Wall Street gains on encouraging U.S. economic data.
China hopes that Europe will take steps to protect China's investments there, Chinese President Hu Jintao told the French President Nicolas Sarkozy on Thursday, nonetheless voicing confidence in the euro and vowing to keep investing in it.
China's planned deregulation in October of its fund distribution business has drawn interest from both independent advisers and locally-incorporated foreign banks, as they eye a slice of the market dominated by Chinese banks.
China's maritime authority is preparing to sue U.S. firm ConocoPhillips over an oil spill in China's northern Bohai Bay, Chinese state news agency Xinhua reported.
