July 07, 2008

Business News Summary July 7, 2008


from the Xinhua Finance newsfeed:


-China's Hu leaves for Japan to attend G8 climate change session
-Q2 business prosperity index rises to 137.4 vs 136.2 in Q1
-China to buy additional 300,000 tons sugar at 3,400 yuan per ton
-China economy expanded at 'decent' rate in Q2 - JPMorgan
-CITIC Bank sees H1 net profit up over 150 pct yr-on-yr
-Bank of Ningbo sees H1 net profit up 85-90 pct
-Vanke H1 property sales 24.13 bln yuan, up 38.1 pct yr-on-yr
-Chongqing Changan Auto June vehicle sales 18,053 units
-General Motors H1 China sales up 12.7 pct yr-on-yr at 590,126 vehicles
-China Railway Group units wins 2.95 bln yuan worth of contracts
-Exim Bank to auction 10 bln yuan in 3-yr floating-rate debt
-China Shipping Group to auction 100 pct of terminal unit for 2.6 bln yuan
-Alibaba Group invests 2 bln yuan in online auction unit Taobao.com
-China NDRC approves two alumina projects involving total capacity 1.5 mln tons
-HK-listed CNOOC Ltd reports new discovery in Bohai Bay
-China Eastern Airlines to lease three A340 aircraft from ICBC unit
-Western Mining completes approval process for FerrAus deal
-SDIC, Dutch group Vopak to build crude storage facility in Hainan
-Asia Environment completes placement of 50 mln shares to KSC Fund
-Singapore-listed Bio-Treat reaches settlement with Abax; no material impact seen
-China NDRC approves nation's first offshore wind power project
-Singapore-listed Jiutian Chemical to invest in new methanol facility
-Huaneng Group wins approval to build two wind farms
-BoComm raised to 'BBB+' on capital strength, risk management - S&P
-Hong Kong-listed Agile Property's rating unaffected by Morgan Stanley deal-S&P

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