Archive for July, 2008

Agreement to boost trade with Macau

Authorities of the Chinese mainland and the Macau Special Administrative Region yesterday signed a new agreement which will further open the mainland market to investments from Macau.
The supplement V to the Mainland and Macau Closer Economic Partnership Arrangement was signed by the central government’s Vice Minister of Commerce, Jiang Zengwei, and the SAR’s Secretary for [...]

China and Russia power Siemens rise

Siemens AG, Europe’s largest engineering company, yesterday reported third-quarter earnings that beat estimates on increased orders for power plants and generator upgrades in Russia and China.
Siemens rose as much as 6.5 percent in Frankfurt trading, its biggest gain in more than four months, Bloomberg News reported. Net income through June 30 fell to 1.37 billion [...]

Datang Cooperates With Microsoft, Dell To Accelerate TD-SCDMA Internationalization

Datang has established partnerships with many multinational corporations, including Microsoft (MSFT) and Dell (DELL), in Beijing to promote their cooperation in various aspects from TD-SCDMA terminal solutions to application software.
According to a memorandum, Datang will start deep cooperation with Microsoft in a series of key applications, including the application of the TD-SCDMA 3G data card [...]

China Seeking to Keep Markets Stable

Securities regulator Shang Fulin said China is going “all out” to ensure stability in the markets ahead of the Olympics in August, Caijing magazine reported on its website, citing sources.
Shang reportedly made the comments at a half-yearly work meeting of the China Securities Regulatory Commission in Beijing, the report said.

Tags: Shanghai-Composite-Index

HK stocks up 1.94% on Wed

Hong Kong stocks bounced strongly by 432.60 points or 1.94% on Wednesday after a four-session slump, boosted by the rebound on Wall Street and falling oil prices.
Hang Seng Index, the benchmark, rose 379.33 points, or 1.70% to open at 22,637.33. After touching the intraday high 22,751.04 points, the blue-chip Hang Seng Index slowed down to [...]

Zijin Mining to invest RMB 1 billion in Tajikistan gold mine

Zijin Mining, China’s second largest gold producer, has plans to invest RMB 1 billion (US$146 million) in a gold mining project in Tajikistan.
Zijin now owns 75% of Tajikistan’s largest gold producer, JV Zeravshan LLC. This was achieved by taking over Commonwealth & British Mineral Ltd last year. The remaining 25 % stake in JV Zeravshan [...]

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