THE CHINA

The Pudong Development Bank, one of China’s small and medium joint-stock commercial banks, made a net profit of 6.78 billion yuan ($992.68 million) for the first half of the year.The figure was an increase of 406

China’s middle-sized brokerage Huatai Securities plans to sell up to 785 million yuan-denominated A shares, or 14 percent of its enlarged capital in an initial public offering (IPO), Shanghai Securities News reported Tuesday.It will become the

Microsoft Corp. on Thursday posted a quarterly profit that fell within estimates, held up by robust sales of Windows 2000 and other corporate software, but warned revenue growth would slow in the current quarter amid still-sluggish

Container ship operator Orient Overseas (International) Ltd (OOIL) said yesterday that its first-half earnings rose 15 per cent on increased volume and strong freight rates, but noted high oil prices would continue to pressure its bottom

The mainland’s second-largest maker of telecom equipment, ZTE Corp, said yesterday its second-quarter net profit fell 27 per cent amid stiff competition internationally and slowing business at home.ZTE, listed in Shanghai and Hong Kong, is fending

Writedown sends bank into the red Updated: 2008-04-30 06:56 Deutsche Bank AG, Germany’s biggest bank, reported its first quarterly loss in five years after writing down the value of loans for leveraged buyouts and asset-backed

Angang Steel, mainland’s second largest steel maker, expected that the growth in steel demand on the mainland would slow down in the second half of the year due to uncertainties in rising production costs, according to

LONDON, May 31 – England’s Premiership soccer players will earn more than 1 billion pounds ($1.97 billion) for the first time next season thanks to television, sponsorship and merchandising deals, a top accountancy firm said on

HONG KONG: The share price of Times Ltd, a mainland-based hypermarket and supermarket operator, jumped over 14 percent yesterday after South Korea’s Lotte Shopping tabled a HK$4.87 billion buyout offer. Lotte Shopping Holdings (Hong Kong) Co

Dressed in purple East-meets-West-styled blouse, long straight gray skirt and with her short hair parted on the side, PepsiCo CEO Indra Nooyi held a press conference in China on November 3. It was her second meeting