http://shanghaibizz.com | Shanghai | BUSINESS | FINANCE | NEWS | SCIENCE | TRADE | TELECOM | Mon, 06 Feb 2012 06:41:11 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 http://shanghaibizz.com/finance/hong-kong-shares-rise-as-hsbc-leads-financials/ http://shanghaibizz.com/finance/hong-kong-shares-rise-as-hsbc-leads-financials/#comments Mon, 06 Feb 2012 06:41:11 +0000 info http://shanghaibizz.com/finance/hong-kong-shares-rise-as-hsbc-leads-financials/ HONG KONG (MarketWatch) — Hong Kong shares rose Monday to start the new week on a strong footing, with heavyweight HSBC Holdings PLC leading banks higher after a strong U.S. employment data for January boosted stocks on Wall Street Friday. The Hang Seng Index rose 1.1% to 20,979.83 and the Hang Seng China Enterprises Index added 1% to 11,725.93. HSBC climbed 2.6%, while ports operator Cosco … (more here…) Related items Hong Kong, Shanghai stocks decline in early trade Hong Kong stocks rise, with property shares up Hong Kong stocks drop, with banks, property down Hong Kong stocks gain, with real-estate shares up Hong Kong stocks rally on European developments]]>

HONG KONG (MarketWatch) — Hong Kong shares rose Monday to start the new week on a strong footing, with heavyweight HSBC Holdings PLC leading banks higher after a strong U.S. employment data for January boosted stocks on Wall Street Friday. The Hang Seng Index rose 1.1% to 20,979.83 and the Hang Seng China Enterprises Index added 1% to 11,725.93. HSBC climbed 2.6%, while ports operator Cosco …
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]]> http://shanghaibizz.com/finance/hong-kong-shares-rise-as-hsbc-leads-financials/feed/ 0 http://shanghaibizz.com/business/chinas-mutual-funds-lose-19-5-billion-in-q4-2011-report/ http://shanghaibizz.com/business/chinas-mutual-funds-lose-19-5-billion-in-q4-2011-report/#comments Mon, 06 Feb 2012 06:34:11 +0000 info http://shanghaibizz.com/business/chinas-mutual-funds-lose-19-5-billion-in-q4-2011-report/ SHANGHAI (Reuters) – China's securities mutual funds made a combined loss of 123.5 billion yuan ($19.5 billion) in the fourth quarter of last year mainly due to a weak stock market, the official China Securities Journal said on Monday. The loss made by 872 funds managed by 64 fund companies, however, was 50.8 percent less than their combined loss in the third quarter of the year, the newspaper … (read more…) Related items Hong Kong stocks trade lower, with resources weak Indian traders in China to begin legal battle to clear their names SUTIL DEPARTURE 'A RACING DECISION' F1: Sutil tried to settle Lux assault case LimoLink™ Inc. Beats Shanghai Challenges, Extends World-Class Chauffeured Ground Transportation Network to China]]>

SHANGHAI (Reuters) – China's securities mutual funds made a combined loss of 123.5 billion yuan ($19.5 billion) in the fourth quarter of last year mainly due to a weak stock market, the official China Securities Journal said on Monday. The loss made by 872 funds managed by 64 fund companies, however, was 50.8 percent less than their combined loss in the third quarter of the year, the newspaper …
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]]> http://shanghaibizz.com/business/chinas-mutual-funds-lose-19-5-billion-in-q4-2011-report/feed/ 0 http://shanghaibizz.com/business/hong-kong-china-shares-post-weekly-gains-hsi-at-6-mth-high/ http://shanghaibizz.com/business/hong-kong-china-shares-post-weekly-gains-hsi-at-6-mth-high/#comments Mon, 06 Feb 2012 06:31:36 +0000 info http://shanghaibizz.com/business/hong-kong-china-shares-post-weekly-gains-hsi-at-6-mth-high/ Hong Kong and Shanghai shares extended their weekly gains, as better-than-expected global economic data this week spurred investors to take advantage of the low valuations and buy into financials and growth-sensitive sectors. (read more…) Related items F1 driver Adrian Sutil convicted Former Force India F1 driver Sutil handed 18-month suspended sentence for nightclub fight Former F1 driver Sutil convicted for hurting Renault team owner F1 driver Sutil convicted F1: Sutil wanted Lotus seat in Lux case settlement]]>

Hong Kong and Shanghai shares extended their weekly gains, as better-than-expected global economic data this week spurred investors to take advantage of the low valuations and buy into financials and growth-sensitive sectors.
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]]> http://shanghaibizz.com/business/hong-kong-china-shares-post-weekly-gains-hsi-at-6-mth-high/feed/ 0 http://shanghaibizz.com/news/shanghai-residents-face-modern-toilet-facilities/ http://shanghaibizz.com/news/shanghai-residents-face-modern-toilet-facilities/#comments Mon, 06 Feb 2012 06:07:52 +0000 info http://shanghaibizz.com/news/shanghai-residents-face-modern-toilet-facilities/ The city's Laodong Daily reported that nearly 80,000 households in Huangpu are still using wooden toilet bowls and basins. -China Daily/ANN (read the story…) Related items Shanghai commuters want ‘non-snacking’ Metro Formula One feud: Lewis Hamilton gagged after 'coward' accusation by Adrian Sutil Sutil seeks F1 return after guilty verdict Shanghai Aims to Become Global Yuan Trading Center by 2015 Thai-ASEAN News Network – Compelling Cotton @ Shanghai Mansion]]>

The city's Laodong Daily reported that nearly 80,000 households in Huangpu are still using wooden toilet bowls and basins. -China Daily/ANN
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]]> http://shanghaibizz.com/news/shanghai-residents-face-modern-toilet-facilities/feed/ 0 http://shanghaibizz.com/news/china-detains-wenzhou-exec-in-citys-debt-crisis-report/ http://shanghaibizz.com/news/china-detains-wenzhou-exec-in-citys-debt-crisis-report/#comments Mon, 06 Feb 2012 02:05:31 +0000 info http://shanghaibizz.com/news/china-detains-wenzhou-exec-in-citys-debt-crisis-report/ SHANGHAI (Reuters) – Police in China's eastern province of Zhejiang have detained a Wenzhou educational company boss for allegedly failing to repay large debts, the official Shanghai Securities News reported on Monday, the latest fallout from a credit crunch in the entrepreneurial hub. … (read the story…) Related items Five western China firms may list this year -report Shanghai Shenhua owner Zhu Jun: Didier Drogba negotiations are at a deadlock Seventh Break-Bulk Business Run Comes to Shanghai in February Shanghai Aims to Become Global Yuan Trading Center by 2015 Shanghai Shenhua optimistic on signing Chelsea striker Didier Drogba]]>

SHANGHAI (Reuters) – Police in China's eastern province of Zhejiang have detained a Wenzhou educational company boss for allegedly failing to repay large debts, the official Shanghai Securities News reported on Monday, the latest fallout from a credit crunch in the entrepreneurial hub. …
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]]> http://shanghaibizz.com/news/china-detains-wenzhou-exec-in-citys-debt-crisis-report/feed/ 0 http://shanghaibizz.com/business/f1-q-and-a-with-romain-grosjean/ http://shanghaibizz.com/business/f1-q-and-a-with-romain-grosjean/#comments Sun, 05 Feb 2012 18:27:16 +0000 info http://shanghaibizz.com/business/f1-q-and-a-with-romain-grosjean/ Q and A with Romain Grosjean (read more…) Related items Formula One: Turkey GP slashed from 2012 F1 calendar Turkey GP slashed from 2012 F1 calendar F1: Q and A with Sergio Perez F1 sets June 17, 2012 as tentative Austin race date F1 sets June 17, 2012 as tentaive Austin race date]]>

Q and A with Romain Grosjean
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]]> http://shanghaibizz.com/business/f1-q-and-a-with-romain-grosjean/feed/ 0 http://shanghaibizz.com/trade/hong-kong-stocks-trade-lower-with-resources-weak/ http://shanghaibizz.com/trade/hong-kong-stocks-trade-lower-with-resources-weak/#comments Sat, 04 Feb 2012 23:49:58 +0000 info http://shanghaibizz.com/trade/hong-kong-stocks-trade-lower-with-resources-weak/ LOS ANGELES (MarketWatch) — Hong Kong stocks weakened in early Friday trading, amid losses elsewhere in Asia, with resource shares among the leading decliners. The Hang Seng Index retreated 0.2% to 20,694.29, with the Hang Seng China Enterprises Index down 0.3%, and the Shanghai Composite losing 0.2% on the mainland. Rising gold futures were unable to buoy shares of Zijin Mining Group Co … (more here…) Related items Hong Kong stocks rise, with property shares up Hong Kong stocks zoom in early trade on Italy news Hong Kong shares rise, as HSBC leads financials Indian traders in China to begin legal battle to clear their names Hong Kong, Shanghai stocks decline in early trade]]>

LOS ANGELES (MarketWatch) — Hong Kong stocks weakened in early Friday trading, amid losses elsewhere in Asia, with resource shares among the leading decliners. The Hang Seng Index retreated 0.2% to 20,694.29, with the Hang Seng China Enterprises Index down 0.3%, and the Shanghai Composite losing 0.2% on the mainland. Rising gold futures were unable to buoy shares of Zijin Mining Group Co …
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]]> http://shanghaibizz.com/trade/hong-kong-stocks-trade-lower-with-resources-weak/feed/ 0 http://shanghaibizz.com/trade/indian-traders-in-china-to-begin-legal-battle-to-clear-their-names/ http://shanghaibizz.com/trade/indian-traders-in-china-to-begin-legal-battle-to-clear-their-names/#comments Sat, 04 Feb 2012 23:48:31 +0000 info http://shanghaibizz.com/trade/indian-traders-in-china-to-begin-legal-battle-to-clear-their-names/ The two Indian traders who were held hostage in the city of Yiwu for two weeks in December and now stand accused of owing 10 million RMB ($1.58 million) will on Monday begin a legal battle to clea… (more here…) Related items Hong Kong stocks trade lower, with resources weak China: India asks traders to stay away from Yiwu Asia stocks slip on death of North Korean leader China's mutual funds lose $19.5 billion in Q4 2011: report 21st China Wedding Expo to be Held February 15-18, 2012]]>

The two Indian traders who were held hostage in the city of Yiwu for two weeks in December and now stand accused of owing 10 million RMB ($1.58 million) will on Monday begin a legal battle to clea…
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]]> http://shanghaibizz.com/trade/indian-traders-in-china-to-begin-legal-battle-to-clear-their-names/feed/ 0 http://shanghaibizz.com/business/sutil-departure-a-racing-decision/ http://shanghaibizz.com/business/sutil-departure-a-racing-decision/#comments Sat, 04 Feb 2012 06:58:43 +0000 info http://shanghaibizz.com/business/sutil-departure-a-racing-decision/ Force India deputy team principal Bob Fernley has insisted the decision to axe Adrian Sutil had nothing to do with his Shanghai nightclub incident. Fernley defended Sutil on Friday as Force India unveiled their new car for the forthcoming Formula One campaign at Silverstone. (read more…) Related items F1 driver Adrian Sutil convicted F1 driver Sutil to stand trial Sutil confident of Force India drive despite suit F1 driver convicted of 'glassing' Motorsport: Former F1 driver convicted for fight]]>

Force India deputy team principal Bob Fernley has insisted the decision to axe Adrian Sutil had nothing to do with his Shanghai nightclub incident. Fernley defended Sutil on Friday as Force India unveiled their new car for the forthcoming Formula One campaign at Silverstone.
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]]> http://shanghaibizz.com/business/sutil-departure-a-racing-decision/feed/ 0 http://shanghaibizz.com/news/shanghai-shenhua-owner-zhu-jun-didier-drogba-negotiations-are-at-a-deadlock/ http://shanghaibizz.com/news/shanghai-shenhua-owner-zhu-jun-didier-drogba-negotiations-are-at-a-deadlock/#comments Sat, 04 Feb 2012 05:51:50 +0000 info http://shanghaibizz.com/news/shanghai-shenhua-owner-zhu-jun-didier-drogba-negotiations-are-at-a-deadlock/ The Ivory Coast striker will see out the 2011-12 season with Chelsea before becoming a free agent where a host of clubs are expected to be interested in him (read the story…) Related items Shanghai Shenhua target Chelsea’s Didier Drogba after sealing signature of team-mate Nicolas Anelka Shanghai Shenhua optimistic on signing Chelsea striker Didier Drogba Coach Tigana joins Anelka at Shanghai Shenhua China’s Shanghai Shenhua signs coach Jean Tigana Tigana to sign for Shanghai Shenhua as coach]]>

The Ivory Coast striker will see out the 2011-12 season with Chelsea before becoming a free agent where a host of clubs are expected to be interested in him
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