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  <title>Shanghai Daily: Business</title> 
  <link>
  	http://www.shanghaidaily.com/article/list.asp?id=8
  </link> 
  <description>Shanghai Daily Business</description> 
  <language>en</language> 


<item>
	<title>Chinalco-Rio Tinto joint deal for iron ore</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431688.htm
	</link>
	<pubDate>2010-3-19 17:12:48</pubDate> 
	<category>Metallurgical industry</category> 
	<author>Pan Xiaoyi</author>
	<description><![CDATA[ALUMINUM Corp of China, known as Chinalco, has agreed with Rio Tinto Group to pay US$1.35 billion for part of its stake in the Simandou iron ore mine in Guinea.
 
It is their first tie-up after Rio scrapped Chinalco's...]]></description>
</item>

<item>
	<title>Banks and metal lift index</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431686.htm
	</link>
	<pubDate>2010-3-19 16:52:26</pubDate> 
	<category>Securities</category> 
	<author>Ding Yining</author>
	<description><![CDATA[SHANGHAI'S market closed higher today, with financial shares and metal producers lifting the index, although turnover remained flat on the last trading day of the week. 
 
The benchmark Shanghai Composite Index...]]></description>
</item>

<item>
	<title>Cyclone shuts Australia coal port, threatens sugar</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431678.htm
	</link>
	<pubDate>2010-3-19 16:07:22</pubDate> 
	<category>Energy</category> 
	<author></author>
	<description><![CDATA[A tropical cyclone forced Australia's second-biggest coal port to close today, bringing millions of tonnes of coal shipments to a halt and threatening to damage thousands of acres of sugar-cane fields. 
 
Australia's...]]></description>
</item>

<item>
	<title>Rio Tinto, Chinalco sets up joint venture for African iron ore project</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431673.htm
	</link>
	<pubDate>2010-3-19 13:27:07</pubDate> 
	<category>Metallurgical industry</category> 
	<author></author>
	<description><![CDATA[RIO Tinto, the giant mining company, today struck a deal with Aluminum Corporation of China (Chinalco) to develop the Simandou iron ore reserve in Guinea in West Africa.
 
The joint venture agreement covers rail...]]></description>
</item>

<item>
	<title>Market remains listless in morning</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431671.htm
	</link>
	<pubDate>2010-3-19 12:07:27</pubDate> 
	<category>Securities</category> 
	<author>Ding Yining</author>
	<description><![CDATA[SHANGHAI'S market edged up in the morning session, with weak performance of heavily-weighted steel makers and bank sector as investors' enthusiasm remained flat. 
 
The benchmark Shanghai Composite Index was down...]]></description>
</item>

<item>
	<title>Dow gains for 8th straight day; Palm sinks late</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431660.htm
	</link>
	<pubDate>2010-3-19 10:21:30</pubDate> 
	<category>Securities</category> 
	<author></author>
	<description><![CDATA[THE Dow industrials rose for an eighth consecutive session yesterday, lifted by a rise in Boeing's stock, while a mixed group of economic figures kept the broader S&amp;P 500 in check. 
 
The Dow's gains came even...]]></description>
</item>

<item>
	<title>Pain in the tank: Gas prices highest since 2008</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431656.htm
	</link>
	<pubDate>2010-3-19 8:05:57</pubDate> 
	<category>Energy</category> 
	<author></author>
	<description><![CDATA[U.S. motorists are paying the highest prices for gas since October 2008. Retail gasoline prices rose yesterday on an expected increase in demand and as more expensive spring and summer blends of gasoline make their...]]></description>
</item>

<item>
	<title>State firms told to leave real estate</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431651.htm
	</link>
	<pubDate>2010-3-19 1:17:03</pubDate> 
	<category>Real estate</category> 
	<author>Cao Qian</author>
	<description><![CDATA[CHINA has ordered all central government-controlled enterprises whose core business is not real estate to pull out of property development.
 
It is the latest national initiative to try and rein in galloping real...]]></description>
</item>

<item>
	<title>Emergency checks made on aircraft</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431648.htm
	</link>
	<pubDate>2010-3-19 1:01:56</pubDate> 
	<category>Airlines and airports</category> 
	<author>Winny Wang</author>
	<description><![CDATA[<a href="
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431648.htm"><img src="http://www.shanghaidaily.com/NewsImage/2010/2010-03/2010-03-19/20100319_431648_02.jpg" border="0" /></a><br>CHINESE airlines have joined foreign counterparts to undertake emergency inspections on Next Generation Boeing 737 jets to eliminate concerns over an elevator tab control mechanism, a key piece of instrumentation controlling...]]></description>
</item>

<item>
	<title>Slight Fall In Workers Filing Jobless Benefits</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431630.htm
	</link>
	<pubDate>2010-3-19 0:13:52</pubDate> 
	<category>Jobs/human resources</category> 
	<author>Christopher S. Rugaber</author>
	<description><![CDATA[THE number of newly laid-off workers in the United States requesting jobless benefits fell slightly last week for the third straight time. But initial claims remain above levels that would signal net job gains.
 
New...]]></description>
</item>

<item>
	<title>UnionPay cards linked with Paypal</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431629.htm
	</link>
	<pubDate>2010-3-19 0:13:24</pubDate> 
	<category>Banking</category> 
	<author>Ding Yining</author>
	<description><![CDATA[PAYPAL and China UnionPay have reached an agreement to allow UnionPay card holders to shop online with Paypal as the California-based company seeks to expand its number of users and tap the boom in China's online...]]></description>
</item>

<item>
	<title>Call for carbon trading, not tax</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431628.htm
	</link>
	<pubDate>2010-3-19 0:12:16</pubDate> 
	<category>Business</category> 
	<author>Wang Yanlin</author>
	<description><![CDATA[CHINA should encourage carbon trading rather than impose a carbon tax for a more energy-efficient economy, a senior executive of the Chicago Climate Exchange said yesterday in Shanghai.
 
Carbon emissions trading,...]]></description>
</item>

<item>
	<title>Telco profits from rise in users</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431627.htm
	</link>
	<pubDate>2010-3-19 0:11:52</pubDate> 
	<category>Information industry</category> 
	<author>Zhu Shenshen</author>
	<description><![CDATA[CHINA Mobile Ltd, whose user base accounts for half of the country's total phone subscribers, posted a better-than-expected net profit in 2009 due to an increase in users.
 
In 2009, the telco's net profit grew...]]></description>
</item>

<item>
	<title>China-made copter makes successful debut</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431626.htm
	</link>
	<pubDate>2010-3-19 0:10:44</pubDate> 
	<category>Airlines and airports</category> 
	<author></author>
	<description><![CDATA[CHINA'S first domestically-made large civil helicopter completed its test flight yesterday in Jiangxi Province.
 
The AC313 helicopter took off at Lumeng Airport in Jingdezhen City at 9:40am and landed at 10:05am.
...]]></description>
</item>

<item>
	<title>US sees current account deficit widen 13% in Q4</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431625.htm
	</link>
	<pubDate>2010-3-19 0:03:55</pubDate> 
	<category>Macro-economy and policy</category> 
	<author>Martin Crutsinger</author>
	<description><![CDATA[THE current account trade deficit in the United States widened in the fourth quarter, reflecting an improving economy, but the imbalance for all of 2009 fell to the lowest point in eight years. Economists believe the...]]></description>
</item>

<item>
	<title>Ready to duel</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431668.htm
	</link>
	<pubDate>2010-3-19</pubDate> 
	<category>Business</category> 
	<author></author>
	<description><![CDATA[<a href="
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431668.htm"><img src="http://www.shanghaidaily.com/NewsImage/2010/2010-03/2010-03-19/20100319_431668_02.jpg" border="0" /></a><br>]]></description>
</item>

<item>
	<title>Green with envy for others</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431669.htm
	</link>
	<pubDate>2010-3-19</pubDate> 
	<category>Business</category> 
	<author></author>
	<description><![CDATA[<a href="
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431669.htm"><img src="http://www.shanghaidaily.com/NewsImage/2010/2010-03/2010-03-19/20100319_431669_02.jpg" border="0" /></a><br>]]></description>
</item>

<item>
	<title>Weak stocks offset sectoral gains</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431591.htm
	</link>
	<pubDate>2010-3-19</pubDate> 
	<category>Securities</category> 
	<author>Ding Yining</author>
	<description><![CDATA[SHANGHAI'S stock market remained generally flat yesterday as a weak performance of banks and financial-related shares eroded gains in the technology and telecommunication sectors.
 
The benchmark Shanghai Composite...]]></description>
</item>

<item>
	<title>Hua Xia Bank German lender holds biggest stake</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431587.htm
	</link>
	<pubDate>2010-3-19</pubDate> 
	<category>Banking</category> 
	<author></author>
	<description><![CDATA[CHINA'S medium-sized Hua Xia Bank said yesterday Deutsche Bank AG became its largest shareholder after acquiring the Chinese lender's shareholder, Sal Oppenheim Jr &amp; Cie SCA.
 
The German bank's stake in Hua Xia...]]></description>
</item>

<item>
	<title>Citi strategy stays despite crisis</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431592.htm
	</link>
	<pubDate>2010-3-19</pubDate> 
	<category>Banking</category> 
	<author>Zhang Fengming</author>
	<description><![CDATA[CITIGROUP Inc will expand its network in China and maintain close cooperation with its partners despite the global financial crisis as the country is important to the United States bank, its China head said yesterday.
...]]></description>
</item>

<item>
	<title>US also to blame for big bonuses</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431608.htm
	</link>
	<pubDate>2010-3-19</pubDate> 
	<category>Banking</category> 
	<author>Matt Apuzzo</author>
	<description><![CDATA[BANKS in the United States weren't the only ones giving big bonuses in the boom years before the worst financial crisis in generations. The government also was handing out millions of dollars to bank regulators, rewarding...]]></description>
</item>

<item>
	<title>McDonald's Corp Plans 'Shanghai flavor' meals</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431589.htm
	</link>
	<pubDate>2010-3-19</pubDate> 
	<category>FMCG/food</category> 
	<author></author>
	<description><![CDATA[FAST-FOOD chain giant McDonald's Corp plans to launch special &quot;Shanghai flavor&quot; meals in its restaurants in the city from April 18 to May 21. 
 
Kenneth Chan, CEO of McDonald's China, said the move is part of the...]]></description>
</item>

<item>
	<title>360buy.com Signs on as football main sponsor</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431588.htm
	</link>
	<pubDate>2010-3-19</pubDate> 
	<category>Information industry</category> 
	<author></author>
	<description><![CDATA[BEIJING-BASED B2C Website, 360buy.com, has signed with the Chinese Football Association's Super League to become its main sponsor this year in an effort to entice more consumers to shop online. 
 
Media reports...]]></description>
</item>

<item>
	<title>3D TVs lure but buyers need to wait longer</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431593.htm
	</link>
	<pubDate>2010-3-19</pubDate> 
	<category>Information industry</category> 
	<author>Zhu Shenshen</author>
	<description><![CDATA[VISITORS attending an information technology fair in Shanghai were attracted to green power technologies and auto electronics products as well as 3D TV models.
 
During the Shanghai International IT &amp; Electronics...]]></description>
</item>

<item>
	<title>Pay to rise and job hopes shine</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431590.htm
	</link>
	<pubDate>2010-3-19</pubDate> 
	<category>Jobs/human resources</category> 
	<author>Wang Yanlin</author>
	<description><![CDATA[JUST under half of Chinese mainland businesses plan to increase salaries of their employees this year, according to a global survey released yesterday by Grant Thornton Jingdu Tianhua Co.
 
The firm disclosed that...]]></description>
</item>

<item>
	<title>Grass greener on other side</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431609.htm
	</link>
	<pubDate>2010-3-19</pubDate> 
	<category>Real estate</category> 
	<author>Cao Qian</author>
	<description><![CDATA[<a href="
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431609.htm"><img src="http://www.shanghaidaily.com/NewsImage/2010/2010-03/2010-03-19/20100319_431609_03.jpg" border="0" /></a><br>HOUSING developments in outlying areas of Shanghai dominate this year's spring property fair with developers from nearby provinces going all out to market their projects to local buyers, banking on improved inter-city...]]></description>
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<item>
	<title>Safety first for domestic car makers</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431584.htm
	</link>
	<pubDate>2010-3-19</pubDate> 
	<category>Automobile</category> 
	<author>Jin Jing</author>
	<description><![CDATA[<a href="
	http://www.shanghaidaily.com/sp/article/2010/201003/20100319/article_431584.htm"><img src="http://www.shanghaidaily.com/NewsImage/2010/2010-03/2010-03-19/20100319_431584_02.jpg" border="0" /></a><br>THE recent massive recall of Toyota vehicles has put quality control at the top of priorities for Chinese's domestic auto makers eager to improve sales at home and itching to sell models overseas.
 
On Monday, the...]]></description>
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