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Breaking News about CNY:

Shift to mobile Internet hits Baidu profit

BEIJING (AP) — Baidu Inc., which operates China's leading search engine, said Thursday its quarterly profit edged down...
Read more Feb 26 2014, 8:56pm CST

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PPG Factory Buyer Fuyao Reports Gain In 2nd-Qtr Profit

Source: Forbes

Fuyao Glass Industry Group, a big China automobile and industrial glass maker that has been stepping up its investments in the U.S. of late,  has reported a double-digit increase in second-quarter profit.   Revenue by rose by 11% to 3.3 billion yuan, or $529 million, and net profit gained 28% to $93 million, according [...] ...
Full article at: Forbes 13 hours ago

More From the Web

Chinese Industrial Profits Spike (FXI, EWH)

Source: The Business Insider

Chinese industrial profits surged 17.9% year-over-year in June, compared with an 8.9% rise in May.  Of course, one should note that this came on the back of a lower base last year, when industrial profits were up 5% in June 2013.  This however shows that China's mini-stimulus has helped stimulate the economy. In Q2 profits were up 12.5% YoY, from 10.1% in Q1. For the first six months of the year, total profits were up 11 ...
Full article at: The Business Insider 1 day ago, 8:50am CDT

Mao was on KMT payroll, archives show

Source: Asia One

TAIPEI - Communist Chinese leader Mao Zedong was once on the payroll of the Kuomintang, archives from Taiwan's ruling party show.The KMT will kick off a series of exhibitions of its archives, giving glimpses into some of the most important developments in modern China.Mao joined the KMT in the 1920s when the Nationalists adopted policy of tolerance by befriending the Soviet Union and the Chinese communists in a bid to ...
Full article at: Asia One 2 days ago, 10:35pm CDT

China's ICBC to Issue $13 Billion in New Shares

Source: Asia Home

Industrial and Commercial Bank of China said it would issue up to 80 billion yuan ($12.9 billion) of pre ...
Full article at: Asia Home 4 days ago, 7:42am CDT

Singapore's corporate debt market grew 18% in 2013: MAS

Source: Channel News Asia

SINGAPORE: The local corporate debt market grew strongly in 2013 with its volume rising 18 per cent from the end of 2012, and total debt issuance rising by 38 per cent, the Monetary Authority of Singapore (MAS) said on Friday (July 25).MAS said the total outstanding volume of corporate debt stood at S$272.4 billion at the end of 2013. Total debt issuance last year increased by 38 per cent to S$185.5 billion, driven mainly by an ...
Full article at: Channel News Asia 4 days ago, 11:53pm CDT

Bogus monks milk temples of donations and offer loans with high interest

Source: Asia One

Sin Chew Daily reported that bogus monks in China were milking temples of their donations and offering the funds as loans with high interest.It was reported that the "monks" could take between 70,000 yuan (S$14,000) and 80,000 yuan a month from smaller temples, and between 100,000 yuan and 200,000 yuan from larger institutions.The illegal returns were said to be higher than the salaries of civil servants. The donations were mainly from ...
Full article at: Asia One 4 days ago, 10:07pm CDT

Latest stories

Borderlands The Pre-Sequel Pre-order Now Available
Borderlands The Pre-Sequel Pre-order Now Available
Already has a substantial discount
$499 iPad Air or iPad Air 2 Giveaway
$499 iPad Air or iPad Air 2 Giveaway
I4U News is celebrating summer with an iPad Air Giveaway. Claim your chances now to win a free iPad Air - a $499 value! Enter the I4U News iPad Air Giveaway now.
The Hunger Games: Mockingjay Part 1 Trailer Released
The Hunger Games: Mockingjay Part 1 Trailer Released
The fall box office says hello this week with several trailers. Besides the first Trailer for the Hobbit, the first trailer for the next Hunger games movie got released yesterday.

Baidu reports quarterly profit up 34 per cent as revenue from mobile tops 30 per cent

Source: Canadian Business Online

BEIJING, China – Baidu Inc., which operates China’s most popular search engine, says its quarterly profit rose 34 per cent over a year earlier as its mobile business grew. Baidu said Friday it earned 3.5 billion yuan ($571.1 million) in the three months ended June 30. Revenue rose 58.5 per cent to 11.9 billion yuan ($1.9 billion). Baidu and other Internet companies are building mobile e-commerce and other services as Chi ...
Full article at: Canadian Business Online 4 days ago, 9:53pm CDT

Baidu Profit Tops Estimates as Advertisers Boost Spending (Bloomberg)

Source: Techmeme

Bloomberg: Baidu Profit Tops Estimates as Advertisers Boost Spending  —  Baidu Inc. (BIDU), the owner of China's largest Internet search engine, posted second-quarter profit that beat analysts' estimates as advertisers boosted spending to reach mobile users.  —  Net income rose to 3.55 billion yuan … ...
Full article at: Techmeme 4 days ago, 5:20pm CDT

China Unicom Launching iPhone in October

China Unicom will be selling iPhones in China starting in October. The price for an iPhone 3G from the carrier will...
Read more Sep 28 2009, 7:00am CDT


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