Chinese lenders see bright prospects
CHINA'S leading banks will likely affirm their lending will remain brisk and be more profitable this year, their immediate capital needs have been met and that souring loans are at manageable levels.
Profits at...
Chinalco teams with Rio Tinto in ore mine
CHINA'S Chinalco and Rio Tinto Ltd have signed a deal to develop an iron ore reserve in the West African country of Guinea.
The nonbinding joint venture agreement covers rail and port infrastructure as well as...
Mills face 100% ore price rise
CHINESE steel mills face an increase of as much as 100 percent in iron ore term prices for 2010, a top industry official said yesterday.
Brazilian miner Vale first asked for a 90 percent price rise from a year...
Merger to result in savings for China Eastern
CHINA Eastern Airlines will save at least 680 million yuan (US$99.56 million) this year after acquiring Shanghai Airlines, General Manager Ma Xulun said yesterday.
The two carriers have completed integrating marketing,...
