Friday 31 October 2014
 
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Shanghai

Sabic opens $100m R&D centre in China

Saudi Basic Industries Corporation (Sabic) has opened its state-of-the-art Sabic Technology Center (STC) in Shanghai, built with an initial investment of $100 million. The centre, one of Sabic’s 17 Sabic global R&D cente

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China's new trade zone opens in Shanghai

China opened a new free trade zone in Shanghai on Sunday in what has been hailed as potentially the boldest reform move in decades, unveiling fresh details of plans to liberalise regulations governing finance, investment and trade in the zone.

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Ammonia leak at Shanghai plant leaves 15 dead

A liquid ammonia leak from a refrigeration unit at a cold storage facility in Shanghai on Saturday has killed 15 people and injured 26 others, local authorities said. The leak occurred at 10:50 am local time (0250 GMT / 10:50 p.m.

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Gold slips after three-week gain

Gold edged lower on Monday after three weeks of gains as investors awaited the results from a key Federal Reserve policy meeting this week for guidance on when the central bank would begin to scale back its stimulus.     

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Gold gains 1pc after sharp slide on US GDP data

Gold edged higher on Thursday after tumbling 12 per cent over the past 8 sessions, as soft data on US economic growth eased fears of a quick end to the Federal Reserve's monetary stimulus. Bullion was still not far off Wednesd

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China to scrap iron ore import licence system

China plans to scrap its decade-old iron ore import licensing system this year, an industry source said on Thursday, a move that may further lift imports in a market that takes two-thirds of the world's international iron ore trade.

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China to build second, larger aircraft carrier

China will build a second, larger aircraft carrier capable of carrying more fighter jets, the official Xinhua news service reported late Tuesday, quoting a senior officer with the People's Liberation Army (PLA) Navy. The repor

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Toyota re-styles subcompacts for China market

Toyota Motor Corp is giving its Vios and Yaris models a major makeover for China as part of the Japanese group's make-or-break move into the no-frills entry-level segment of the world's biggest autos market. Versions of th

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Alonso wins Chinese Grand Prix

  Ferrari's Fernando Alonso roared to victory in the Chinese Formula One Grand Prix on Sunday, making amends for crashing out of the previous race in Malaysia.   In a dry race dictated by tyre c

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Bird flu virus found in more Shanghai markets

Chinese authorities have found traces of a new bird flu virus that has killed six people in more areas in Shanghai, state media reported, after authorities slaughtered over 20,000 birds at a large poultry market in the city. State

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