Seoul shares open lower
SEOUL, June 11 (Xinhua) — Seoul shares opened lower on Tuesday.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 9. 43 points, or 0.49 percent, to trade at 1,923.27 in the first 15 minutes of trading.
The South Korean currency [...]
Dollar trades close to 99 yen in early Tokyo deals
Wu Ping, spokeswoman for China´s manned space program, said Monday that she hoped more scientists from Hong Kong, Macao and Taiwan could participate in the building and operation of the country´s space station.
A senior Chinese official [...]
Nikkei opens 3.32 pct higher on U.S. credit easing hope
TOKYO, June 10 (Xinhua) — Nikkei surged more than 3 percent early Monday morning as concerns over an early end to the U.S. bond-buying program eased following the weekend release of a dismal U.S. employment report for May.
At 9:15 a.m., [...]
Mexico, China draw up tourism joint agreements
MEXICO CITY, June 9 (Xinhua) — The governments of Mexico and China are currently drawing up several joint agreements on tourism following the recent visit of Chinese President Xi Jinpingto Mexico, official sources said Sunday.
In a statement, [...]
China’s inflation grows 2.1 pct in May
Anti-apartheid hero Nelson Mandela can be ill but his legacy will last forever. This is a strong view of many South Africans.
China is looking to revive the ancient “Southern Silk Road” linking its southwestern regions with [...]
China’s May PPI down 2.9 pct
In a third and final televized live debate, Iran’s eight presidential candidates have expressed clear divisions over how to approach the country’s foreign policy.
A man who allegedly set fire on a crowded bus to “vent personal [...]
Snowball Finance Gets Round B Fundraising from Morningside Ventures and Sequoia Capital
Beijing Snowball Information Technology Co., Ltd., which specializes in internet financial information service, recently signed investment contracts with Morningside Ventures and Sequoia Capital China Fund, and raised US$ 10M.
Snowball Finance [...]
Alo7.com Acquires Tens of Millions of Dollars from Qualcomm
Alo7.com, a provider of English learning products for children, announced its completion of Series C financing in Shanghai. The investment was led by Qualcomm and followed by UMC Capital, Vickers and other international VC/PE funds and hit [...]
ResearchGate Acquires US$35M Investment
ResearchGate,an academic social network dedicated to scientific research, completed itsSeries C financing of US$ 35M. The investors included Microsoft founderBill·Gates and Tenaya Capital.
ResearchGateprovides the scientific researchers [...]
Intel Sets up a US$100M Fund to Invest in Perceptive Technology
Accordingto VentureBeat, Inter Capital under the flag of Intel, set up a US$ 100M fund toinvest in perceptive technology, for example, the recognition technology oftracking users’ gestures by using 3D depth camera, etc.
IntelCapital’s [...]
U.S. approves anti-dumping probes of steel wire from China, Mexico, Thailand
WASHINGTON, June 7 (Xinhua) — The U.S. International Trade Commission (ITC) Friday approved anti-dumping investigations on prestressed concrete steel rail tie wire from China, Mexico and Thailand, paving the way for the Department of [...]
Australia-China business awards announce winners in Beijing
BEIJING, June 8 (Xinhua) — The Australia-China Business Awards, one of Australia’s most prestigious awards, announced here their winners for this year Saturday, in recognition of some outstanding enterprises that have successfully [...]
Daqri Gets US$15M in Round A Fundraising
Daqri,a startup company that calls itself the “Photoshop” in Augmented Reality (AR),recently announced to get US$ 15M in the round A fundraising.
Similarto other AR companies, Daqri enables users to experience additional multimediacontent [...]
China’s exports edge up 1% in May
Southwest China´s Guizhou Province, one of the country´s less developed provinces, hopes to become “China´s Switzerland” via its soaring GDP and pleasant environment.
China´s central bank said Friday that a long-awaited [...]
China sees rising perils of bad loans: central bank
BEIJING, June 7 (Xinhua) — China’s central bank said on Friday that bad loan balance had posted the first increase in eight years, warning rising financial risks in a range of sectors.
The bad loan balance stood at 1.07 trillion [...]
Xinhua Insight: China’s currency nears equilibrium
BEIJING, June 7 (Xinhua) — The yuan is nearing equilibrium, as its rate against the U.S. dollar has hit a new high for 19 times since the beginning of April, experts said.
The central parity rate of the yuan strengthened by 117 basis [...]
EU wine producers surprised by Chinese investigation
by Xinhua writer Hu Tao
BEIJING, June 6 (Xinhua) — European wine producers said they have been shocked at the arrival of a Chinese anti-dumping and anti-subsidy investigation into wine imported from the European Union announced by the [...]
Innovation helps western China grow
By CCTV reporter Liu Yang
As more investment is flowing into China’s western region, in particular Sichuan Province, more and more Fortune 500 companies are setting up innovation and research centers in the area. The trend benefits not only [...]
Chinese vice premier reaffirms favorable conditions for foreign firms
CHENGDU, June 6 (Xinhua) — China will continue to create fair, justified and open conditions for foreign businesses, Vice Premier Zhang Gaoli said in Chengdu on Thursday.
Zhang made the remarks while meeting with attendees of the 2013 [...]
China’s investigation of European wine not retaliation: spokesperson
BRUSSELS, June 6 (Xinhua) — China’s trade investigation of wine imports from Europe is not retaliation against European Union’s (EU) decision to impose punitive tariffs on China’s solar panels, a spokesperson of the [...]
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