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NEWPORT, Rhode Island (AP): Own a million-dollar yacht? Want to sail the Mediterranean without the hassle of crossing the Atlantic? More critical: got $200,000 (euro148,400) for a one-way ticket? If so, a Dutch shipping company has a deal for you.
Shares in China's fifth largest bank, Bank of Communications, surged a stronger-than-expected 80% on their Shanghai debut yesterday, indicating that investor fervour in China's stock market, especially for newly issued shares, may have gone too far, analysts said.
Foreign investors are being encouraged to invest in six specific industries in an effort to boost development in the country's western regions, the National Development and Reform Commission vice-minister Wang Jinxiang said in a recent interview with People's Daily.
GWADAR, Pakistan (AP) - By the azure waters of the Arabian Sea, a remote Pakistani fishing town is being transformed into a massive deep sea port to cash in on the inexorable rise of the Chinese economy.
SEOUL, South Korea (AP) - Kia Motors, South Korea's second-largest automaker, said Saturday it plans to beef up security in response to an alleged leak of production technology to China.