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China releases plans for fuel tax increases

Shanghai :: China | about 1 hour ago | Business News

Source: International Business Times

The plan, announced Friday and scheduled to take effect on Jan. 1, would raise tax on gasoline to 1 yuan (14 cents) from the current rate of 0.2 yuan (3 cents). The tax on diesel would rise from 0.1 yuan...

4 news stories / 7 blog posts / 0 images / 2 videos / 0 voices

Chinese shares close slightly higher

Shanghai :: China | about 6 hours ago | Business News

Source: China News

Chinese stocks closed slightly higher on Friday, extending gains for the third consecutive day. Shares in the agricultural and real estate sectors led the advance. The benchmark Shanghai Composite Index closed at 2,018.66 points, up 0.86 percent or 17.15 points,...

5 news stories / 7 blog posts / 0 images / 3 videos / 0 voices

Market follows oil, metals down

Shanghai :: China | about 12 hours ago | Business News

Source: Australian Broadcasting Corporation

In early trade this morning the All Ordinaries Index was down 14 points to 3,453 while the ASX 200 had lost 16 points to 3,516. Shares in Felix Resources almost doubled after a media report said a Chinese company was...

5 news stories / 4 blog posts / 5 images / 1 video / 0 voices

Shanghai Airlines may get cash injection

Shanghai :: China | about 4 hours ago | Business News

Source: China News

The State-owned Assets Supervision and Administration Commission of Shanghai is considering injecting cash into Shanghai Airlines to help the local carrier weather the current industry downturn, the 21st Century Business Herald reported Friday. The Chinese newspaper quoted an unnamed industry...

3 news stories / 0 blog posts / 1 image / 2 videos / 0 voices

TMCnet.com: China Telecom to gain control shares in CSGC

Shanghai :: China | about 5 hours ago | Business News

Source: Androscoggin News

China Satcom and China Telecom will submit an Workforce Management: At the Heart of the Contact Center Learn more, download free white paper.

2 news stories / 0 blog posts / 0 images / 0 videos / 0 voices

Fortescue suspends shipping contracts

Shanghai :: China | about 13 hours ago | Business News

Source: The Daily Telegraph

Fortescue Metals has suspended contracts on about two-thirds of its ore shipments, in an effort to switch to greater reliance on deals that require the buyer to freight the product. Fortescue said it was suspending all long term shipping contracts...

2 news stories / 0 blog posts / 6 images / 0 videos / 0 voices

Yum Brands sees double-digit EPS growth in 2009

Shanghai :: China | about 14 hours ago | Business News

Source: International Business Times

The Louisville-based parent of Taco Bell, Pizza Hut and KFC also reaffirmed its 2008 earnings-per-share-growth forecast of 12 percent, excluding special items. Analysts surveyed by Thomson Reuters forecast earnings per share of $1.90 in 2008 and $2.08 in 2009, implying...

2 news stories / 2 blog posts / 14 images / 4 videos / 0 voices

Oil Slides to Near 4-Year Low

Shanghai :: China | about 17 hours ago | Business News

Source: Fox News

The price of oil tumbled for the fifth consecutive day on Thursday in late afternoon trading, as recession fears gave traders little incentive to see oil at a higher price. Oil, Natural Gas As of 2 p.m., oil slumped $2.20,...

2 news stories / 8 blog posts / 10 images / 3 videos / 0 voices

Drink In These 5 Top Stocks

Shanghai :: China | about 16 hours ago | Business News

Source: The Motley Fool

A tall drink of water Even though DryShips increased its long-term charters in the second and third quarters to take advantage of contract rates that were at all-time highs, plummeting prices have been exerting pressure on the dry-bulk shipper. It...

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Okay Airways suspends passenger flights, president fired

Shanghai :: China | 1 day ago | Business News

Source: China News

Wang Junjin, chairman of Okay Airways, confirmed yesterday the airline will suspend its commercial passenger flights from December 15, the National Business Daily reported. Wang also told the paper that Liu Jieyin, founder of Okay Airways, was removed from his...

8 news stories / 7 blog posts / 4 images / 6 videos / 0 voices