China Economic ReviewSingapore's prosecutors have charged five executives of China Aviation Oil (Singapore) Corp, including its embattled CEO Chen Jiulin, with forgery, insider trading and issuing false financial statements in connection with a derivatives-trading scandal that cost the company more than US$500m, nearly bankrupting it. Others charged include Jia Changbin, CAO Singapore's chairman and the president of […]
In what many say is a further attempt by Beijing to prop up China's drooping stock market, the China Securities Regulatory Commission has issued new rules allowing fund-management firms with more than US$6m in net assets to invest their own capital in mutual funds, a move regulators say would help the firms use their capital […]
While fighting the rising tide of Chinese textile imports, the EU warned this week it could impose import duties on Chinese footwear if it's established that unfair trade practices caused the triple-digit leap in shipments since the start of this year, state media reported. The EU Commission said shipments of some Chinese footwear in the […]
Chinese state media confirmed an outbreak of bird flu that has infected 1,042 geese and killed 460 at a Tacheng farm in Xinjiang region. With more than 13,450 fowls already slaughtered and the affected areas disinfected, Beijing said the situation is under control. In May, more than 1,000 birds died of the virus in neighboring […]
In a landmark response to movie piracy, Warner Bros Entertainment released its latest film, "The Sisterhood of the Traveling Pants", on DVD in China the same day it hit US theaters in a bid to beat the bootleggers and also to give movie fans a legitimate product, the Los Angeles Times reported. Although the "chick-flick" […]