Airline hedges fuel, ups surcharges
2008-05-23 09:30:16
China Eastern Airlines Corp, the nation's third-largest carrier, is hedging more fuel purchases and raising surcharges to offset record jet-kerosene prices.
Dongfang Electric wins 1.24b yuan turbine contract
2008-05-21 15:22:32
Dongfang Electric said its unit Dongfang Turbine Co Ltd has won a 1.24 billion yuan contract to provide 134 wind power units to China Energy Conservation Investment Corp.
CNPC estimates direct losses of 1.78b yuan from quake
2008-05-20 13:38:46
China National Petroleum Corp (CNPC)said Monday it has suffered about 1.78 billion yuan ($254.9 million) of direct economic losses from the Sichuan earthquake.
Insurer to adopt all quake orphans
2008-05-15 14:52:45
China Life Charity Fund will cover all the basic living expenses of children who have lost their parents in the devastating earthquake centered in Sichuan province, until they reach 18 years old.
COSCO orders 4 container ships for $280m
2008-05-14 11:34:35
China COSCO Holdings Co Ltd, the listed flagship of the country's top shipping conglomerate, has ordered four new container ships worth $280 million, the company said on Wednesday.
Morgan Stanley approved to buy fund stake
2008-05-08 14:23:47
The securities regulator has approved Morgan Stanley International Holdings Inc's plan to buy 40 percent of Shenzhen's Jutian Fund Management, becoming its largest shareholder.
CITIC Securities Q1 profit up 101%
2008-04-28 15:24:44
CITIC Securities, the country's biggest brokerage, said its net profit stood at 2.522 billion yuan in the first quarter, up 101.03 percent year on year.
Huaneng Power Q1 net profit down 80% on higher coal prices
2008-04-23 11:37:33
Huaneng Power International Inc said first quarter net profit fell 79.95 percent year-on-year to 241.94 million yuan on higher coal costs, which offset a rise in electricity output.
Sinopec says Q1 profit down by over half
2008-04-21 09:02:07
Sinopec predicted its net profit to decrease by more than 50 percent in the first quarter of 2008 from a year earlier.
China Southern posts 6-fold rise in Q1 profit
2008-04-21 10:07:17
China Southern Airlines Co, the country's largest carrier by fleet size, said Sunday first-quarter profit soared 523 percent year-on-year.
Bank reserve ratio raised to 16%
2008-04-17 09:05:35
The central bank announced yesterday that bank's reserve requirement ratio will be raised by half a percentage point to a record 16 percent.
ICBC profit rise more than 50% in Q1
2008-04-11 10:14:33
Industrial and Commercial Bank of China (ICBC), the country's biggest lender, forecast its net profit has risen more than 50 percent in the first quarter from a year ago.