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MARKET UPDATE
Shanghai2,764.36-0.40%
HSI21,029.81-0.30%
Taiwan7,760.63-0.49%
Dow10,467.16-0.29%
Nasdaq2,251.69-0.57%
S&P 5001,101.53-0.42%
FTSE 1005,313.95-0.11%
Nikkei 2259,537.30-1.64%
9:30AM - 3:00PM 30/07/2010 (SHA)
Data updated at least 15 minutes after markets close
Stocks rise on policy outlook
China Daily
SHANGHAI — China's stocks rose, sending the benchmark index to the highest in two months, after the central bank said it will keep a "moderately loose" monetary policy and steelmakers rallied on improving earnings prospects.
Shanghai Airlines to pull out of Star Alliance
By Wang Ying
SHANGHAI — Shanghai Airlines Co Ltd said on Thursday it has agreed to terminate its Star Alliance membership by the end of October.
3G user numbers not so hot
By Yu Tianyu
BEIJING — Chinese 3G operators may be licking their chops as the watch more and more people fondling their flashy new iPads and iPhone 4s across China.
Property bubbles still a risk for China, says S&P official
By LI XIANG
BEIJING — A property bubble continues to pose the biggest risk for China's economy in the second half of the year and there is still room for correction in housing market, US financial services company Standard & Poor's said on Thursday.
Rubber at 2-week high
Agencies
BANGKOK — Rubber advanced to the highest level in more than two weeks on speculation that demand may climb as Asian equity markets gained and the Japanese currency declined.
BY Agencies
Xiong Weiping (right), chairman of Aluminum Corp of China Ltd (Chalco), and Jan Du Plessis, chairman of Rio Tinto Plc, shake hands at a signing ceremony at the Great Hall of the People in Beijing on Thursday.
FullStory
Chinalco inks African JV with Rio
By Zhang Qi
BEIJING — Aluminum Corp of China (Chinalco) on Thursday signed a $1.35 billion agreement with global miner Rio Tinto to develop the Simandou iron ore project in the West African country of Guinea. The move also marks the end of the stalemate between China and the global miner on cooperation after ties soured in June this year.
CIC reaps gains from rosy overseas investments
By Wang Bo
BEIJING — China Investment Corporation (CIC), the nation's sovereign wealth fund, said on Thursday it posted a solid return of 11.7 percent on its global investment portfolio in 2009, thanks to major global moves made last year.
Carriers' profits set to soar
By Wang Ying
SHANGHAI — Soaring demand and fewer discounts have secured the profits of the nation's major airlines in the first six months, with China's aviation industry expected to stay well in the black for the rest of the year, said analysts.
Social networking up despite challenges
By Tuo Yannan
Beijing — While the number of Chinese social networking site (SNS) users has been steadily increasing, growth rates in the crowded market appear to have slowed, with some firms losing users and others shutting down all together.