BEIJING — A court in southern China has rejected a claim by Apple Inc. that a Hong Kong-headquartered tech company has violated its iPad trademark, in the latest development in a case that could affect the U.S. company’s financial prospects in the country. Apple’s Beijing-based spokeswoman Carolyn Wu declined to comment Thursday on the decision...
New China Life Insurance, the country’s third-biggest life insurer, raised about $1.9 billion in a dual IPO in Hong Kong and Shanghai, IFR reported on Thursday, pricing the deal at the bottom of expectations. The company, 15 percent owned by Swiss insurer Zurich Financial, raised about $1.31 billion from the Hong Kong tranche of...
The yuan gained for the first time in four days as the central bank raised the currency’s reference rate by the most this week. The People’s Bank of China set the daily fixing 0.04 percent stronger at 6.3319 per dollar, 0.5 percent higher than the currency’s close yesterday. The yuan appreciation trend won’t change...
BEIJING, Dec. 7 (UPI) — China’s government think tank lowered its forecast for the country’s economic growth for this year to 9.2 percent from a previous forecast of 9.4 percent. The Chinese Academy of Social Sciences said the revision in gross domestic product forecast reflects various factors, including a volatile world economic recovery and...
Tweet ‘); BEIJING, Dec. 8 (UPI) — The pandas of China’s Sichuan Province, whose population had been dwindling, are further threatened by the area’s economic activity, wildlife experts say. A census taken 10 years ago put the population of the endangered animals in the wild at just 1,596, down from about 2,500 in the...
Multinational companies operating in China are placing less importance on the world’s second biggest economy amid rising local competition and concern over intellectual property (IP) rights, a survey showed on Wednesday. Close to half of 328 companies that took part in the survey conducted by the Economist Intelligence Unit (EIU) said they had higher...
Cathay Industrial Biotech, a private company here, developed a way to ferment hydrocarbons in industrial vats and turn them into advanced nylon ingredients for use in lubricants, diabetes drugs and other 21st-century marvels. The patents Cathay won prompted Dupont, a leading global producer of nylon, to become one of Cathay’s biggest customers. And the...
By Michael Martina BEIJING | Thu Dec 8, 2011 1:46am EST BEIJING (Reuters) – The United States has sought to reassure China that expanding military U.S. ties with Australia are not aimed at containing China, a U.S. defense official said on Thursday, a day after talks with the Chinese army. President Barack Obama said...
China wants Sudan and South Sudan to resolve a row over oil transit fees by Christmas in order to avoid any potential distruptions of crude supply from the new nation, the Asian country’s special envoy said on Wednesday. South Sudan seceded from Sudan in July under a 2005 peace deal, taking about three-quarters of...
December 08, 2011, 12:28 AM EST By Masaki Kondo and Shigeki Nozawa (Adds details of China’s sales in second paragraph, comment in third paragraph.) Dec. 8 (Bloomberg) — China sold the second-biggest net amount of Japanese debt on record as the yen retreated from a postwar high against the dollar and benchmark yields approached...
