Policy outlook helps to boost equity markets

Shanghai – Stocks on the Chinese mainland rose on Monday, erasing the benchmark index’s 2011 loss. The advance came on speculation that the government will offer help to smaller businesses and refrain from boosting interest…

High import tariffs

A clash of opinions over the need to cut import duties on “luxury” goods has broken out between China’s financial officials and commercial policymakers. Spectacular as it is, the ongoing debate has so far done…

Tesco, Gome enter strategic cooperation

BEIJING – Tesco PLC, the world’s third-largest grocery chain by sales, on Monday signed a strategic cooperative agreement with Gome Electrical Appliances Holdings Ltd. The move signals a further step in the UK retailer’s development…

China’s IPO volume and sums drop

BEIJING – The funds raised in initial public offerings (IPOs) on China’s capital market may reach 400 billion yuan ($61.9 billion) this year, down 16 percent from 2010 because of economic uncertainties both at home…

Bright Food may want to purchase vintner

Melbourne, Australia/SHANGHAI – Treasury Wine Estates Ltd rose by a record in Sydney trading as two people familiar with the matter said China’s Bright Food Group Co is considering making an offer for the world’s…

Fishing industry braces for oil-leak impact

BEIJING – Dead seaweed and rotting fish in the water around Nanhuangcheng Island in Shandong province, which is close to the site of a recent oil leak, suggest the local waters were polluted by the…