Shanghai Daily: Business
Shanghai Daily Business



Oil rises but fails to offset previous day's loss (Jul 25)
ENERGY market investors managed to win back modest gains yesterday following oil's big drop a day earlier, but they again drove natural gas prices sharply lower as a three-week sell-off of that fuel continued unabated....


City economic growth defies time of inflation (Jul 25)
SHANGHAI has managed to achieve moderate economic expansion in the first half despite mixed fiscal results in a number of areas. While the inflation rate accelerated in the city and investment decreased, the export...


Qualcomm shares rise amid sales and profit targets boost (Jul 25)
QUALCOMM Inc, the world's biggest maker of mobile-phone chips, rose the most yesterday in more than eight years after boosting sales and profit targets this year and settling a licensing dispute with handset maker...


3M result better than analysts' estimates (Jul 25)
3M Co, the maker of more than 50,000 products from Post-it Notes to Filtrete air filters, has posted second-quarter earnings that topped analysts' estimates on demand for protective gear and industrial chemicals. ...


Materials costs lead to earnings plummet (Jul 25)
DOW Chemical Co, the largest United States chemical maker, has said second-quarter profit fell 27 percent, more than analysts expected, because of surging costs for energy and raw materials. Net income dropped...


Drug shows promise but investors wary (Jul 25)
WYETH'S experimental Alzheimer's drug has shown promise as a way to attack the mind-robbing disease affecting 18 million people worldwide. Side effects may yet derail the medicine. Wyeth said last month that...


Coal-price cap to keep power on (Jul 25)
CHINA, the world's biggest coal user, yesterday ordered a cap on prices of the fuel to help power producers cope with costs as the country battles a sixth year of electricity shortages, Bloomberg News reported. ...


NZ legalizes bilateral trade deal with China (Jul 25)
NEW Zealand's Parliament yesterday passed into law the first bilateral free trade deal between China and a developed western economy, in a move that will give the country fresh advantage in one of the world's biggest...


Baidu boosts earnings ahead of a forecast Olympic boom (Jul 25)
BAIDU.COM Inc, China's top search engine, yesterday posted an analyst- forecast-beating 86.7 percent surge in quarterly earnings, boosted by Internet traffic growth and rising revenues from advertisers. Shares...


Domestic companies spend up overseas (Jul 25)
NON-FINANCIAL overseas investment by Chinese companies jumped to US$25.7 billion in the first half of this year, 2.3 times the level of the same period last year, a senior official with the Ministry of Commerce said...