China

China Coal-Mine Accident Takes 24 Lives

China Coal-Mine Accident Takes 24 LivesAccording to state media reports, in a latest coal mine accident, 24 workers were killed in China.

Quoting the state-owned Fuxin Coal Corporation, the official Xinhua news agency said that the fire at the mine also injured 52 people. The mine where the accident happened is located in country's north-east in the Liaoning province.

Sina Corp. Posts Lower Profits for Third Quarter

Sina Corp. Posts Lower Profits for Third Quarter Sina Corp. the Internet firm of China, posted a trimmed third-quarter earnings after excluding items due to increase in operating expenses. On Thursday, the company said that its well known social media platform Weibo made advancement in revenue and in the number of users.

Gold Prices Fall Further with Expected Declines Ahead

Gold Prices Fall Further with Expected Declines AheadOn Monday in the Asian market though gold slipped further, copper gained before of some data from China is expected this week.

Gold for delivery in December, on the Comex division of the New York Mercantile Exchange, traded at $1,174.40 per troy ounce. This figure was a fall of 0.25%, after it closed at $1,169.80 a troy ounce on Friday at the end of closing of trade.

Jack Ma on Alipay And Payment Partnership With Apple

Jack Ma on Alipay And Payment Partnership With Apple The richest man of China, Jack Ma, who is also the founder and head of Alibaba Group, the e-commerce site said that he hoped in the future to do "something" with Apple Inc. This statement came from him after he met Tim Cook on Monday.

Anti-Monopoly Probes Cause China’s FDI to Drop to Four-Year Low

Anti-Monopoly Probes Cause China’s FDI to Drop to Four-Year LowChina's FDI or Foreign direct investment which is a measurement for external confidence, dropped to the lowest in four years. The slump is being attributed majorly to the antitrust probes started in the nation that is mainly targeting multinational companies and also has prompted a letter of complaint from the United States.

Japanese Auto-Part Makers Fined $202 Million in China

Japanese Auto-Part Makers Fined $202 Million in ChinaOn Wednesday, National Development Reform Commission, the anti-monopoly regulator of China said that it has ordered twelve manufacturers of bearing and auto parts to pay fines which amounts to a total of 1.24 billion yuan or $201.80 million for manipulation of prices and all of them are Japanese in origin.

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