Sinopec, Saudi Basic Industries Corp to build $1.7b JV
2008-02-01 15:16:45
Saudi Basic Industries Corp said it signed a framework agreement with Sinopec to build an ethylene derivatives plant with an annual production capacity of one million metric tons.
China Eastern orders 30 Boeing 737s
2008-02-01 14:57:37
China Eastern Airlines, the nation's third-largest carrier, said Wednesday it has agreed to buy 30 single-aisle 737s from Boeing Co.
Lenovo to offload handset unit
2008-02-01 10:45:17
PC maker Lenovo Group said yesterday it will offload its handset business for $100 million to a group of private equity firms to boost profitability.
China Coal Energy up more than 40% on Shanghai debut
2008-02-01 14:22:20
The share price of China Coal Energy, the country's second largest coal producer, jumped more than 40 percent in a strong debut in Shanghai on Friday amid volatile trading.
China Oilfield Services boasts 95% net profit rise
2008-01-30 11:54:00
China Oilfield Services Limited (COSL) said Tuesday its unauditted net profit was forecast to grow about 95 percent year-on-year last year.
Ping An, CFT launch money brokerage venture
2008-01-30 10:46:55
The world's second largest inter-dealer broker Compagnie Financiere Tradition (CFT) and Ping An Trust launched China's third largest money brokerage yesterday.
Baosteel, BHP sign 10-year deal for iron ore supply
2008-01-31 09:53:35
Signing a new 10-year contract, Melbourne-based BHP will supply a total of 94 million metric tons of iron ore to Shanghai-based Baosteel at about 10 million metric tons a year.
Rival offer for Indonesian project topped
2008-01-31 10:32:15
PT Aneka Tambang and Shenzhen Zhongjin Lingnan Nonfemet Co offered 505 million Australian dollars in cash for Herald Resources Ltd, topping a rival bid to gain control of a lead and zinc project in Indonesia.
China Coal Energy freezes $380b in online IPO
2008-01-30 13:43:20
China Coal Energy, the country's second largest coal manufacturer, froze $380 billion of its A share IPO online subscription.
China Minmetals buys majority stake in Canadian miner
2008-01-30 14:54:37
China Minmetals announced in Beijing Tuesday that it has bought a majority stake in Northern Peru Copper of Canada.
CNOOC to raise output by 15-16%
2008-01-30 09:11:17
CNOOC Ltd plans to raise its oil and gas output by 15 to 16 percent to somewhere between 195 million and 199 million barrels of oil equivalent in 2008.
CNOOC sells 3% of stake
2008-01-29 09:29:02
CNOOC Ltd, the listed arm of China's third largest oil company, said yesterday it has sold part of its stake in Indonesia's Tangguh liquefied natural gas project for $212.5 million.