Business

Germany fights back in China PV war

German Photovoltaics Industry Union is seeking to file anti-dumping and anti-subsidy charges against Chinese PV producers with the European Union. Full story

Priority markets for trade

China aims to gain 5 percent in its trade with emerging markets by 2015 and is targeting 30 countries as a priority to diversify its foreign trade markets. Full story

STOCKS

Asia/Pacific
U.S.
Europe

Shanghai
Hang Seng
Nikkei 225

CURRENCIES

	Last	Change
USD>RMB
USD>JPY
USD>CAD
EUR>USD
GBP>USD

ECONOMY

More>>

China resents EU for steel anti-subsidy probe

2012-02-23 12:08:09 GMT Xinhua English BEIJING， Feb. 23 (Xinhua) -- China's steel industry expressed its resentment of the European Union's decision to launch an anti-subsidy investigation into Chinese organic-coated steel exports， an official with the Ministry of Commerce said Thursday.

China sees 3.1 bln USD "hot money" outflow in 2011

2012-02-23 10:08:09 GMT Xinhua English BEIJING， Feb. 23 (Xinhua) -- China recorded 3.1 billion U.S. dollars of "hot money" outflow in 2011 after adjusted by 40 billion U.S. dollars of cross-border net payment， the State Administration of Foreign Exchange (SAFE) said on Thursday.

'Grim outlook' prompts new govt approach

2012-02-23 09:14:14 GMT China Daily Developed countries targeted for FDI

Index rebounds to 4-month high

2012-02-23 02:17:33 GMT China Daily BEIJING - China's industrial activity rebounded to a four-month high in February but is still contracting amidst the ongoing eurozone debt crisis, according to preliminary data.

MARKETS

More>>

China's Jishi Media up 55% on Shanghai debut

2012-02-23 11:08:59 GMT China Daily Shares in Chinese cable TV company Jishi Media Co Ltd rose 55 percent on its debut on Thursday, after raising 1.96 billion yuan ($311.3 million) in a Shanghai initial public offering.

Oil falls to near $106 after US crude supply jump

2012-02-23 09:18:55 GMT SINA.com SINGAPORE — Oil slid from a nine-month high to near $106 a barrel

Chinese stocks close higher Thursday

2012-02-23 07:48:12 GMT Xinhua English BEIJING， Feb. 23 (Xinhua) -- Chinese shares closed higher Thursday with the benchmark Shanghai Composite Index up 5.97 points， or 0.25 percent， to finish at 2，409.55.

Chinese shares down 0.14% in morning trade

2012-02-23 02:21:07 GMT SINA.com SHANGHAI, February 23, 2012 - Chinese shares were down 0.14 percent in morning trade Thursday, tracking losses in US stocks overnight amid concerns over Europe's economy, dealers said.

INDUSTRIES

More>>

Royal Bank of Scotland losses widen on writedowns

2012-02-23 10:44:33 GMT SINA.com LONDON — Royal Bank of Scotland, which is majority-owned by the British taxpayer, saw its loss in 2011 swell by 78 percent as it booked large provisions for Greek debt and compensation for buyers of payment protection insurance.

Buffett's Berkshire muscles into Thai reinsurance

2012-02-23 10:40:36 GMT SINA.com HONG KONG/BANGKOK - Warren Buffett's Berkshire Hathaway is pushing into the Thai reinsurance market and selling cover for higher rates, taking advantage of the retreat of competitors such as France's CCR after they suffered losses from last year's floods.

Nuclear power has great development potential

2012-02-23 10:08:09 GMT Xinhua English HANGZHOU， Feb. 23 (Xinhua) -- Nuclear power has great growth potential in China， as the world's second-largest economy remains hungry for more energy to fuel its economic development.

China discovers more oil reserves in 2011

2012-02-23 10:08:09 GMT Xinhua English BEIJING， Feb. 23 (Xinhua) -- China discovered 1.37 billion tonnes of oil reserves last year， up 20.6 percent from a year earlier， the Ministry of Land and Resources said Thursday.