Nokia Invests in Cellphone Image Technology
Establishedon December 7, 2004, NGP is a venture capital fund that is wholly funded byNokia solely. NGP targets at the enterprises in mid and late stages globallyand cellphone science & technology enterprises with big business customersin [...]
Wall Street snaps four-week winning streak amid concerns about Fed’s stimulus tapering
NEW YORK, May 24 (Xinhua) — U.S. stocks were traded almost flat Friday to end the week lower, snapping a four-week gaining streak amid worries that the Federal Reserve may reduce its stimulus program in advance.
The Dow Jones Industrial [...]
Samsung Acquires 10% Shares of Pantech at a Price of US$48M
Samsungconfirmed that it has agreed to buy 10% shares of Pantech, the third largestcellphone maker in Korea, at a price of KRW53B (about US$ 48M) and would makeinvestments in hardware area afterwards.
Previously,Samsung has established [...]
Ctrip Purchases Com.openet.hotel.view
Accordingto source, Ctrip has reached a purchase or investment agreement with Com.openet.hotel.view,a hotel reservation application program and would put Com.openet.hotel.viewunder the management of its wireless business.
Thedeal value [...]
Agricultural Investment Rises Steadily, Sub-sectors Embrace More Opportunities
In recent years, allsegmented fields of agriculture have developed rapidly under strong support ofnational policies, attracting active investments from various institutionsincluding industrial and social capital. During 2006 and 2012, disclosedinvestment [...]
RMB to become one top 3 global trade currencies: HSBC’s Flint
LONDON, May 24 (Xinhua) — The RMB, or Chinese yuan, would be able to become one of the top three global traded currencies in volumn term by the end of 2015, said Douglas Flint, chairman of HSBC Holdings plc, in London Friday.
“The [...]
China’s cement industry to face tougher emission rules
BEIJING, May 24 (Xinhua) — China is mulling a tougher national standard on nitrogen oxide (NOx) emissions from cement factories amid public calls to clear up both air pollution and the sector’s excess production capacity.
The new [...]
Chinese rail industry to see more orders
BEIJING, May 24 (Xinhua) — Booming demand for urban rail transit from an increasing number of Chinese cities would reignite the railway equipment industry, the China Securities Journal reported Friday.
The National Development and Reform [...]
UN expects global economy to gain momentum slowly
UNITED NATIONS, May 23 (Xinhua) — After a marked downturn over the past two years, the global economy is expected to gain momentum slowly for the rest of 2013 and 2014 on the back of accommodative monetary policies in developed and developing [...]
China’s yuan strengthens to record high against USD
BEIJING, May 24 (Xinhua) — The Chinese currency Renminbi, or yuan, strengthened 80 basis points to a record high of 6.1867 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System.
In China’s foreign [...]
ICBC names new president
BEIJING – China’s biggest commercial lender, Industrial and Commercial Bank of China Ltd, announced Wednesday that its vice president, Yi Huiman, will replace Yang Kaisheng as president.
Yi, 49, joined the bank in 1985 and worked [...]
Nikkei edges down over 7 pct to end below 14,500
TOKYO, May 23 (Xinhua) — Nikkei edged down 7.32 percent Thursday in Tokyo triggered by weak Chinese data outpaced sharp gains made earlier on the dollar’s strength against the yen.
The 225-issue Nikkei Stock Average closed down [...]
Huawei rejects EU dumping, subsidy charges
BEIJING, May 23 (Xinhua) — A company advisor to Chinese telecommunications equipment giant Huawei denied accusations that the company has received government subsidies or dumped products in EU countries.
“Huawei’s products [...]
Samsung sells 10 mln Galaxy S4 in less than one month
SEOUL, May 23 (Xinhua) — Samsung Electronics, the world’s largest smartphone maker, said Thursday that it has sold more than 10 million units of Galaxy S4, the latest flagship smartphone model, in less than a month since its debut.
Global [...]
S.Korea’s economic effectiveness remains lower than advanced economies
SEOUL, May 22 (Xinhua) — South Korea’s economic effectiveness remained low compared with those in advanced economies, indicating that the economy depended on quantitative expansion in labor and capital for its growth, the local [...]
China’s outbound M&A value hits record high: PwC
BEIJING, May 22 (Xinhua) — The total value of China’s outbound mergers and acquisitions in 2012 reached a record-high 65.2 billion U.S. dollars, marking a five-fold increase from 10.3 billion U.S. dollars in 2008, a PricewaterhouseCoopers [...]
Growth of 8% still possible for years
Despite China’s slowing economic growth, the country has the potential to maintain annual growth of about 8 percent for the immediate future, said Justin Lin, former chief economist of the World Bank and professor at Peking University.
Lin [...]
S. Korea to write off debts for joint sureties of 1997 Asian crisis
SEOUL, May 21 (Xinhua) — South Korea’s financial regulator said Tuesday that it will write off debts held by joint sureties during the 1997 Asian foreign exchange crisis as part of efforts to help the sureties escape from financial [...]
EU escalating telecom dispute to harm trade ties
BEIJING, May 21 (Xinhua) — Chinese experts said the European Commission’s planned anti-dumping and anti-subsidy probes into mobile telecommunications equipment imports from China will escalate bilateral trade tensions.
The investigations, [...]
China’s growth upsets Australian treasury forecasts
SYDNEY, May 21 (Xinhua) — China’s surprising growth in recent years has contributed to throwing Australian treasury economic and revenue forecasts out of whack, Secretary to the Treasury Martin Parkinson told economists at a budget [...]
Recent Comments