Shanghai Daily: Business
Shanghai Daily Business



Philippines inflation hits 11.4 percent peak (Jul 4)
FOOD and fuel price hikes pushed the Philippines' inflation rate last month to its highest level in 14 years, an official said today. Acting Socio-Economic Planning Secretary Augusto Santos said "continuous price...


Bertelsmann turns the page on Shanghai, closes 9 stores (Jul 4)
BERTELSMANN AG, the German media group, announced today that it will close its eight bookstores in Shanghai by July 31. In a statement Bertelsmann sent to Shanghai Daily today, it said the decision was reached...


First weekend chartered flight arrives in Taiwan (Jul 4)
SHANGHAI Airlines sent a Boeing 757 jet on the city's first weekend chartered flight to Taiwan this morning. The 175-seat aircraft was carrying 159 passengers when it took off at 8:50am. It reached Taipei Songshan...


Shanghai market falls as oil shares decline (Jul 4)
SHANGHAI'S key stock index declined today as concern increased that record oil prices will hurt earnings. Losses would have been heavier, but most banks increased on the back of profit forecasts. The Shanghai...


Fund firm sets up JV in Hong Kong (Jul 4)
CHINA Southern Fund Management Co Ltd will set up a joint venture asset management company in Hong Kong to become the first domestic fund firm to secure a foothold in an overseas market. China Southern Fund Management...


Shanghai market dips at midday as oil shares decline (Jul 4)
SHANGHAI'S key stock index declined in the morning session today as concern increased that record oil prices will hurt earnings. Losses would have been heavier, but most banks increased on the back of profit forecasts. ...


Court ruling calls for pilots to pay 10m yuan to China Eastern (Jul 4)
A COURT in Hubei Province has told 10 China Eastern Airlines pilots who resigned to pay total compensation of 10 million yuan (US$ 1.46 million) to the carrier, adding more tension to a long-running dispute. The...


US stocks finish mixed following jobs, services data (Jul 4)
WALL Street capped a shortened trading week with a mixed finish yesterday after some uneven economic data: news of a contraction in the United States' services sector and a tame reading on employment. The Dow...


Oil surges to new highs above US$145 a barrel (Jul 4)
OIL prices raced above US$145 a barrel for the first time yesterday as traders added to their bets on the commodity ahead of the long holiday weekend in the United States. Light, sweet crude for August delivery...


Bureaus link to battle inflow of 'hot money' (Jul 4)
STEPPING up the battle against "hot money" flowing into and out of China, three government departments will link internal electronic systems from July 14 to check foreign exchange receipts and export settlements, the...