China discards lending rates to allow financing institutions more freedom in packaging their lending rates.
Tags: China
US Crude oil futures slip, the first in five weeks
US crude oil futures suffered its first loss in five weeks as concerns about the slowing Chinese economy continue to haunt the industry.
China's Commerce Ministry confident probe on drugmaker GlaxoSmithKline won't mar investor confidence
China remains confident that the ongoing investigations for alleged bribery of GSK execs in its China division won't mar investor confidence.
China's WeChat goes global with Lebron James, Lionel Messi
The instant messaging app from China, WeChat, would expand globally by using the biggest personalities in the sports industry.
Economists see China easing monetary policies
China may ease up on its monetary policies soon, says watchers. The eyes of economists keen on Asian markets are now focusing intently on what China is going to do next after the government earlier announced fiscal stimulus measures to fire up its weakened economy.
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Hutchison Whampoa Limited conducts strategic review for the ParknShop sale. Hutchison Whampoa Limited announced that they are in the midst of conducting a strategic review on the possible sale of its Hong Kong supermarket chain ParknShop.
Participants of the G20 summit held recently in Moscow expressed concerns regarding US Fed, China, and Japan.
Emerging economies are set for a wake-up call as FED decisions and the China economy slowdown affects economic growth.
French company CEVA enters into an agreement with Sichuan subsidiary to acquire the latter's stake in animal health subsidiary.
China's central bank announced interest rate reform. The central bank of China, the People's Bank of China (PBOC), announced that the floor on commercial banks' lending rates was removed.
Neuberger Berman announced the launch of a new fund where it plans to invest in the Greater China Region.
Beijing Enterprises Water Group Ltd. would purchase Standard Water Ltd.'s two project units for CNY1.35 billion as it expands further in China.
NEC Corp's talks with Lenovo Group Ltd. was stalled due to disagreements on majority proprietorship and patents.
China intend to develop seven latest gas fields worth US4.9 billion in the East China Sea, a territory claimed by Japan.
