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Charles River terminates WuXi PharmaTech buy
American medical research equipment and services company Charles River Laboratories International Inc on Friday abandoned its $1.6 billion takeover of WuXi PharmaTech (Cayman) Inc, citing opposition from its shareholders to…
CCB’s rights issue plan nodded
China Construction Bank, China’s second-largest lender, Friday said its rights issue plan had been approved in principle by the China Banking Regulatory Commission. It plans to offer a 0.7-for-10 rights…
HK records 116 mln USD deficit in June
Hong Kong recorded a deficit of 900 million HK dollars (115.9 million U.S. dollars) in June, resulting in a 10.3 billion (1.33 billion U.S. dollars) deficit for the financial year’s…
Rising yuan will not hurt trade, say bankers
There is no foundation for the yuan to move sharply and China can maintain a flexible exchange rate mechanism, making the currency stand at a basically reasonable and balanced level,…
China’s economy to grow more than 9% in 2010: chief currency regulator
China’s gross domestic product (GDP) is expected to expand more than 9 percent in 2010, Yi Gang, head of the State Administration of Foreign Exchange (SAFE), said Friday. Yi, also…
China denies forcing foreign firms to transfer technology
China Thursday denied charges by a US business group that its technology transfer rules for foreign firms constitute “theft” on a massive scale. “Countries around the world have taken a…
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