Culture

Chalco net profits soar in Q1

(Xinhua) Net profits of the Aluminum Corporation of China Limited (Chalco), China's top aluminum producer, increased sharply in the first quarter. The company made 920 million yuan ($130 million) net profit in the first three months, nearly four... Read more ...

JAB Puts Jimmy Choo, Bally Up for Sale to Focus on Coffee

(Bloomberg) The billionaire Reimann family’s investment vehicle is unwinding its luxury holdings, putting shoemakers Jimmy Choo Plc and Bally International AG up for sale to focus on the food and beverage operations it has spent billions expanding... Read more ...

The Secret Within the Chinese Character for Enemy

Perhaps you currently have someone who is in conflict with your own interests, and you refer to him or her as your enemy. You may be surprised to learn the hidden meaning in the Chinese character 仇 (chou), meaning hatred, enmity, or enemy. On the left side is the radical 亻, which refers to man. ...

Minsheng Bank Hit by Alleged Fraud

(Caixin) Wealthy individuals who invested their savings with China Minsheng Bank have found themselves embroiled in an alleged 3 billion yuan ($436 million) fraud — the latest scandal to expose the lack of internal risk controls at financial... Read more ...