Obama, speaking of China, says no trading system will work if trade agreements aren't enforcedSeptember 14th, 2009 Obama says trade agreements must be enforcedNEW YORK — President Barack Obama is defending his decision to impose punitive tariffs on imported Chinese tires. In a speech Monday in New York, Obama said he took action because trade agreements must be enforced in order for trading systems to work.
Tube Investments may exit ChinaSeptember 4th, 2009 CHENNAI - Cycle and engineering products manufacturer Tube Investments may exit China, where it manufactures cold drawn welded (CDW) tubes, if it does not find a local partner, a top company official said here Friday. "A team has gone to China to explore options.
A good night's sleep much better than great sex: StudyAugust 23rd, 2009 KUALA LUMPUR - If a new survey is anything to go by, a good night's sleep is much better than great sex. In a global sleep study of more than 12,500 frequent travellers, conducted by Westin Hotels, 52 per cent Asian respondents felt that a great night's sleep trumped great sex, reports the New Straits Times Online.
Australia signs multibillion-dollar LNG deal with ChinaAugust 18th, 2009 SYDNEY - Australia will supply China with liquefied natural gas (LNG) worth 50 billion Australian dollars (US $41 billion), officials said Tuesday. It's Australia's largest resources deal ever, double the size of the LNG supply deal sealed last week with India.
Chinese construction company, world's biggest IPO of 2009, soars as trading startsJuly 29th, 2009 Giant Chinese IPO soars as trading startsBEIJING — Shares in the company that built the "Water Cube" swimming center for the Beijing Olympics soared Wednesday as trading began after it raised $7.3 billion in the world's biggest initial public offering since March 2008. China State Construction Engineering Corp.
China's main stock market index dives nearly 8 percent after huge IPO starts tradingJuly 29th, 2009 Chinese stocks dive after huge IPOBEIJING — China's main stock market index has dived nearly 8 percent after the world's biggest initial public offering this year started trading. The benchmark Shanghai Composite Index was down 7.7 percent in afternoon trading after shares from the $7.3 billion IPO by China State Construction Engineering entered the market.
State media alleges widespread bribery in Rio Tinto caseJuly 15th, 2009 Major bribery alleged in Rio Tinto caseBEIJING — A government-owned newspaper alleged Wednesday that executives from all 16 Chinese steel mills participating in iron ore price talks this year were bribed by Rio Tinto employees. The English-language China Daily quoted an unnamed "industry insider" saying that the Anglo-Australian mining giant bribed China's largest steel companies, all members of the China Iron & Steel Association, to get access to industry data.
China Eastern Airlines to acquire smaller carrier in step to strengthen competitivenessJuly 13th, 2009 China Eastern Airlines to acquire local rivalBEIJING — China Eastern Airlines Corp., one of China's three major state-owned carriers, will acquire a local rival, the companies announced Monday, as money-losing China Eastern tries to boost its competitiveness. China Eastern, based in Shanghai, will acquire Shanghai Airlines Co.
Kirin and Suntory, Japan's 2 biggest beverage makers, considering a mergerJuly 13th, 2009 Japan's top 2 beverage makers considering mergerTOKYO — Japan's top two beverage makers, Kirin and Suntory, are considering merging their operations, a Suntory spokesman said Monday. A merger would create the world's fifth largest food company by sales, just behind Kraft Foods Inc.
China's Commerce Ministry official: ties with Australia OK despite failed bid for Rio TintoJune 15th, 2009 China says Australia ties OK despite Rio-BHP dealBEIJING — Miner Rio Tinto Group PLC's decision to opt for a tie-up with rival BHP Billiton Ltd. instead of a $19.5 billion deal with Aluminum Corp.
Regulators probe Japan's Aozora Bank for possible insider tradingJune 4th, 2009 Aozora Bank probed for possible insider tradingTOKYO — Japanese regulators are investigating a possible case of insider trading at Aozora Bank Ltd., the midsize lender said Thursday. Local media reported that the Securities and Exchange Commission raided the bank's headquarters in central Tokyo and questioned an employee in its loan division.
Sino-Indian seminar in Beijing to boost cooperationMay 31st, 2009 NEW DELHI - Around 100 officials and scholars from China and India have gathered in Beijing to discuss how to boost cooperation between the two Asian giants. "Dragon and elephant have danced together in recent years," Feng Zuoku, vice president of the Chinese People's Association for Friendship with Foreign Countries, said at the start of the seminar.
China shares rebound on better corporate earnings, led by energy and bank stocksApril 29th, 2009 China shares up on better company earningsSHANGHAI — Chinese shares rebounded Wednesday after a three-day drop as investors were cheered by improving corporate quarterly earnings. Energy stocks like Sinopec and bank shares like ICBC led the gains.
CII India Business Forum launched in ChinaApril 16th, 2009 NEW DELHI - The Confederation of Indian Industry (CII) Thursday launched an India Business Forum (IBF) in China, a lobby to promote bilateral trade and economic cooperation between the two countries. The IBF will act as a forum for promoting India-China trade through collective and consensual approach and will also work with the Indian embassy in Beijing and others towards 'building brand India', the CII said in a statement released here.
Japan's economy shrinks 12.1 percent on exportsMarch 12th, 2009 TOKYO - Japan's economy shrunk an annualised 12.1 percent in the final quarter of 2008, according to revised statistics released Thursday by the Japanese government. Initial figures had projected a 12.7-percent contraction for the gross domestic product (GDP).
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