China will steadily increase the issuance of urban construction investment bonds but will limit total local government debts at 100 percent of their revenues, the National Development and Reform Commission said on Monday.
Zurich Financial does not plan to cut its 15 percent equity stake in China's third-largest life insurer, the Swiss insurer's chief executive said on Monday.
China is targeting 3 gigawatts (GW) of roof-mounted solar power generating capacity by 2015 and 25 GW by 2020, the China Securities Journal reported on Monday, citing a government renewable energy development plan that is likely to be unveiled soon.
Figuring out what the People's Bank of China is doing can be as perplexing as parsing a statement from Alan Greenspan, the notoriously opaque former U.S. Federal Reserve chairman.
Investors appear to be relieved that the destruction wrought by the storm turned out to be less than feared.
Hurricane Irene's rampage through 10 states caused an estimated $7 billion to $13 billion in damage from violent winds and flooding, and left almost 6 million homes and businesses without power.
The top pre-market NASDAQ Stock Market gainers are: Partner Communications, Micron Technology, Lululemon Athletica, Clearwire, Universal Display, Green Mountain Coffee Roasters, OmniVision Technologies, and Aruba Networks. The top pre-market NASDAQ Stock Market losers are: IncrediMail, and Logitech International.
Record gold prices, rather than denting China's enthusiasm for bullion, have emboldened investors to plough more money into gold bars and riskier bullion-based derivatives.
Record gold prices, rather than denting China's enthusiasm for bullion, have emboldened investors to plough more money into gold bars and riskier bullion-based derivatives.
Record gold prices, rather than denting China's enthusiasm for bullion, have emboldened investors to plough more money into gold bars and riskier bullion-based derivatives.
European shares gained in early trading Monday morning, tracking a late rally in Wall Street Friday, after Federal Reserve Chairman Ben Bernanke raised hopes for more economic stimulus.
Flat-screen maker LG Display will slash next year's capital spending by a quarter as booming sales of mobile devices from iPads to Android smartphones saps demand for TV panels, its main source of earnings.
Sipping coconut water and honey, Anna Hazare ended a hunger strike on its 13th day on Sunday, a protest that had sparked huge rallies across the country, exposed a weak government and ushered in a new middle-class political force.
The Bank of America (BAC.N) is completing plans to sell over half of its shares in the China Construction Bank (0939.HK), with a group of Asian and Middle Eastern sovereign wealth funds negotiating to buy, the New York Times reported on Saturday.
The storm comes just a week after an unprecedented magnitude-5.8 earthquake struck central Virginia.
Tanzanian authorities have seized as many as 1,041 elephant tusks on the island of Zanzibar, in the largest ivory haul in a year, reports say.
Scenes from before the storm strikes
Toronto's main stock market cut early losses in volatile trade on Friday morning as investors deemed an earlier sharp selloff overdone as they digested remarks by the Federal Reserve chairman.
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 will invest about 1.27 trillion yuan ($199 billion) to build subways and light rail lines during the current five-year plan ending in 2015 to ease traffic congestion and spur urban development, the official China Securities Journal reported on Friday.
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.
