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Millennium Chemicals - the Hanson Plc company which is due to be floated off in New York on October 1 - said on Tuesday it planned a share buyback by the year 2000 after completing debt cutting and investment plans.
Millennium chairman and chief executive William Landuyt told Reuters in an interview on Tuesday that he ... | 8 |
Wickes Plc, the British Do-It-Yourself retailer hit by accounting irregularities that led to an overstating of profits, said on Wednesday its ex-chairman had accepted responsibility and the cost would be a 51 million pounds write-off.
The retailer said the problems had resulted in profits being overstated by 51 million... | 8 |
Debt-laden Eurotunnel faced fresh financial pressure on Wednesday in the wake of the fire which swept through a main tunnel leaving a trail of damage, no running services and shaken consumer confidence.
Just one month after coming back from the brink of bankruptcy with a restructuring of nine billion pounds ($15 billio... | 8 |
British entrepreneur Richard Branson's Virgin Group Friday clinched a British rail franchise and said it planned to spend an extra 250 million pounds ($420 million) on new trains and increased services.
He won control of the CrossCountry service, which covers more than 130 stations and is based in the central British c... | 8 |
Britain's second biggest bus company Cowie Group said on Thursday it had been approached by a defence vehicle manufacturer about forming a leasing joint venture targeting clients including the Ministry of Defence.
Cowie told Reuters that the tentative approach was made this year and added it was open to considering new... | 8 |
Imperial Tobacco Group Plc, fresh from its demerger from Hanson Plc in October, said on Monday it was capable of cutting back debt levels and investing in further export growth as a dual policy.
Gareth Davis, chief executive, told Reuters in an interview that the two could be achieved "in parallel" because of the group... | 8 |
Wickes Plc, the British Do-It-Yourself retailer rocked by accounting irregularities this summer, said on Wednesday the first cost was a 51 million pounds ($80.84 million) write-off for which its ex-chairman accepted responsibility.
The retailer said the problems had resulted in profits being overstated by 51 million po... | 8 |
Imperial Tobacco Plc, fresh from its split from Hanson Plc, has admitted that its former parent group did receive a takeover approach prior to the demerger but rejected it because the price was too low.
Imperial's chief executive Gareth Davis told Reuters in an interview this week: "A phone call was made to Grosvenor P... | 8 |
Britain's top fraud watchdog, the Serious Fraud Office (SFO) on Wednesday launched an investigation into former bosses of Wickes Plc, the do-it-yourself retailer rocked by accounting irregularities worth tens of millions of pounds.
"The SFO has launched an investigation into the former senior management of Wickes," an ... | 8 |
UK leisure group Conrad Plc is seen sealing its proposed takeover of Sheffield United Football Club in three to four weeks, when details will be sent to shareholders after due diligence is complete, a senior source close to the company told Reuters.
Conrad confirmed earlier on Tuesday it was in talks with the UK soccer... | 8 |
Wolseley Plc, the British building materials giant, is seen reporting slightly lower year pretax profits next Tuesday as expected, but reporting a rise in its dividend payout.
Wolseley was one of many in the sector to issue a profit warning earlier this year when it said that year profits for the period to July 31 woul... | 8 |
The UK construction industry expects to get the cold shoulder from the Chancellor of the Exchequer (Finance Minister)again this year, with industry leaders predicting continued cutbacks in infrastructure spending in next Tuesday's budget.
Building industry leaders say they expect no more than a few crumbs from Chancell... | 8 |
UK building bosses and health insiders have warned of dying confidence in privately financed health projects, unless there is rapid acceleration in the number of contracts awarded in the next few months.
This industry crisis of confidence comes ahead of Monday's annual Private Finance Panel conference on Monday, which ... | 8 |
Britain's fraud watchdog, the Serious Fraud Office (SFO) on Wednesday launched an investigation into former bosses of Wickes Plc, the do-it-yourself retailer rocked by accounting irregularities worth tens of millions of pounds.
"The SFO has launched an investigation into the former senior management of Wickes," an SFO ... | 8 |
Debt-laden Eurotunnel is awaiting the outcome of insurer investigations into the costs of the major fire aboard a freight train last week.
Lead insurer Union des Assurances De Paris (UAP) said on Tuesday it was "impossible to quantify yet the cost of the damage."
"Up to now, there is no reliable estimate of the amount ... | 8 |
Millennium Chemicals, to be spun off from the mighty Hanson conglomerate in an October flotation, has already had to rebuff would-be suitors, chief executive of the soon-to-be independent company said on Tuesday.
William Landuyt, who is also chairman of Millennium, also unveiled his strategic blueprint in an interview ... | 8 |
Imperial Tobacco Plc spelled out its blueprint for export growth this week, seeking to silence critics of its strategy who have contributed to driving down the shareprice by 17 percent since its Oct 1 demerger from Hanson Plc.
Imperial's chain-smoking chief executive, Gareth Davis, who joined the company after graduati... | 8 |
Wickes Plc, the Do-It-Yourself retailer hit by accounting discrepencies dating back five years, told Reuters on Wednesday it planned another one-off charge against 1996 results of around 10 million stg.
The charge will relate to restructuring and the costs of the investigation into the accounting problems revealed in J... | 8 |
Christian Salvesen, the transport to business services group which rejected a 1.1 billion pound hostile takeover from Hays, said on Monday its special dividend and power unit demerger gave "much better" shareholder value.
Chris Masters, Salvesen chief executive, told Reuters in an interview "I think this (plan) is much... | 8 |
Two of the biggest names in the British motor industry, Rover and Vauxhall, kicked off the British International Motor Show on Tuesday by unveiling big new investments to fuel their drive for more exports.
Rover, owned by Germany's BMW, said it planned to launch a new four-wheel drive "baby Land Rover" to take on Japan... | 8 |
The British government on Thursday referred a proposed merger of key cross-Channel ferry services provided by Britain's P&O and Sweden's Stena Line to its main competition watchdog for investigation.
Ian Lang, president of the Board of Trade, said he had asked the Monopolies and Mergers Commission (MMC) to study co... | 8 |
The story of Sea Launch sounds like the daring fiction of a Bond movie -- with corporate giants from Russia, the U.S., Norway and Ukraine joining forces to build the ultimate in space technology, firing satellite rockets into space from the Pacific Ocean.
The cost is 350 million pounds ($583.2 million), funded by a con... | 8 |
AMEC Plc, the British building group, said late on Friday that expected to issue details of its possible investment in France's Spie Batignolle by November, predicting it would be wrapped up by the end of the year.
Peter Mason, chief executive, said an envisaged initial stake would probably be followed by a decision to... | 8 |
The 350 million stg Sea Launch satellite project -- backed by firms from the U.S., Russia, Norway and Ukraine -- will fire its first satellite from a sea platform in June 1998, project contractor Kvaerner told reporters on Thursday.
Kavaerner, which also has a 20 percent stake in the project, is overseeing the construc... | 8 |
Britain's biggest builder Taylor Woodrow has finally got something to celebrate in 1996, its 75th anniversary year, reversing 1995's share slide to outpace the market and assuring investors that year results remain on track.
Colin Parsons, Taylor's chairman, told Reuters in an interview that the second half performance... | 8 |
Eurotunnel Plc, the Anglo-French Channel Tunnel operator, said on Tuesday that its traffic will be cut to one third of normal levels after a fire swept through one of its main tunnels on Monday night, injuring eight people.
Services have been terminated until the tunnel affected is cleared. A Eurotunnel spokesman in Lo... | 8 |
Environmental warfare has broken out across the British construction industry, striking some of the biggest corporations as activists give up peaceful protests and seek to hit builders where it hurts -- in their profit margins.
Described by one British company as "eco-terrorism," it is seen as the new business risk of ... | 8 |
Japanese car giant Nissan Motor Co is expected to make a decision on whether to go ahead with building a new medium-sized vehicle for the European market in spring 1997, according to the head of its UK operations.
Ian Gibson, managing director of Nissan Motor UK and vice-president of Nissan Europe, said in an interview... | 8 |
British entrepreneur Richard Branson's Virgin Group said on Friday it had clinched the CrossCountry passenger rail franchise and planned to spend an extra 250 million pounds ($420 million) on new trains and increased services.
CrossCountry, which covers more than 100 stations and is based in the central British city of... | 8 |
British building materials company Wolseley Plc reported a one percent slip in year pretax profits on Tuesday, but despite topping analysts' forecasts in a tough market shares slid on the poor outlook for mainland Europe.
Pretax profits for the year ended July 31 fell to 242.9 million pounds ($387 million) from 245.4 m... | 8 |
Imperial Tobacco Group will split from conglomerate Hanson Plc on October 1 as one of the most efficient players in its sector, but while the new chief talks of export-led growth, the outlook is clouded by the threat of litigation against tobacco firms.
Imperial is Britain's second biggest tobacco firm after B.A.T Indu... | 8 |
Christian Salvesen moved to silence critics on Monday with plans to demerge its Aggreko business and make a 150 million pound ($253 million) special payout just months after shunning a 1.1 billion hostile bid.
Chris Masters, chief executive of the transport to services group, said his plans offered much better sharehol... | 8 |
The British government on Tuesday said the design of Eurotunnel's freight trains would have to be scrutinised after a massive fire swept through one of its main tunnels, injuring eight people and causing wide damage.
British transport secretary Sir George Young told parliament he was sure the Anglo-French Channel Tunne... | 8 |
LucasVarity Plc, the U.S.-Anglo auto components giant formed in September, announced a major restructuring Tuesday, including the planned disposal of 13 non-core businesses and the elimination of 3,000 jobs over two years.
LucasVarity said it had identified a range of additional moves that will mean an extra 120 millio... | 8 |
Imperial Tobacco Group will split from conglomerate Hanson Plc on Oct. 1 as one of the most efficient players in its sector, but while its new chief talks of export-led growth, the outlook is clouded by the threat of litigation against tobacco firms.
Imperial is Britain's second-biggest tobacco firm after B.A.T Industr... | 8 |
All four Hanson companies - due to be spun off as part of the demerger process - had received takeover approaches for part or all of the units in the chemicals, tobacco, building and energy sectors.
William Landuyt, chairman and chief executive of Millennium Chemicals and a Hanson group board member, told Reuters in an... | 8 |
Smiths Industries Plc said on Wednesday that its $30 million acquisition of Leland Electrosystems Inc of the U.S. offered a perfect product fit and access to major military aircraft supply contracts.
Leland is an electrical power generator manufacturer for military and civil aircraft. It has a key U.S. position to supp... | 8 |
Ford Motor Company Ltd, the U.S. carmaker's U.K. arm, said on Tuesday that the British sales outlook for 1997 looked pretty flat as customers suffered from a "feeling-not-so-good" factor.
Ian McAllister, chairman and managing director of Ford U.K., told Reuters in an interview at the British International Motor Show th... | 8 |
British entrepreneur Richard Branson's Virgin Group on Friday clinched a British rail franchise and said it planned to spend an extra 250 million pounds ($420 million) on new trains and increased services.
He won control of the CrossCountry serice, which covers more than 130 stations and is based in the central British... | 8 |
Debt-laden Eurotunnel faced fresh financial pressure on Wednesday in the wake of the fire which swept through a main tunnel leaving a trail of damage, no running services and shaken consumer confidence.
Just one month after coming back from the brink of bankruptcy with a restructuring of nine billion pounds ($15 billio... | 8 |
British building group AMEC Plc said on Friday it was exploring a possible investment in France's Spie Batignolle's electrical and construction businesses with the aim of widening its international exposure.
AMEC said it had been in talks with Spie management about taking an unquantified minority stake which could be r... | 8 |
Ecological warfare has broken out across the British construction industry, striking some of the biggest corporates as activists give up peaceful protests and seek to hit builders where it hurts -- their profit margins.
Described by one British company as "eco-terrorism", it is seen as the new business risk of the 1990... | 8 |
Virgin Rail group, the rail division of Entrepreur Richard branson's Virgin Group, said on Friday it planned to spend 250 million stg on new rolling stock after announcing it has won the CrossCountry rail franchise.
Will Whitehorn, director of Virgin Rail, told Reuters "Our key plan is to buy a new fleet, spending 250... | 8 |
Anglo-U.S. autocomponents giant LucasVarity unveiled a major corporate shake-up on Tuesday planning 13 non-core disposals and a speeded-up rationalisation which will axe 3,000 jobs worldwide over two years.
LucasVarity, created by a merger earlier this year of Britain's Lucas Industries and Varity Corp of the U.S., sai... | 8 |
Drugs giant Glaxo Wellcome Plc bought the remaining 50 percent of its Japanese joint venture Nippon Glaxo for 354 million pounds ($596 million) on Thursday in its quest for growth in the world's second biggest market.
Analysts in London said they had long expected the buy-out of Japanese partner Shin Nihon Jitsugyo Co ... | 8 |
The story of Sea Launch sounds like the daring fiction of a James Bond movie -- with corporate giants from Russia, the United States, Norway and Ukraine joining forces to build the ultimate in space technology, firing satellite rockets into space from the Pacific Ocean.
The cost is 350 million pounds ($583.2 million), ... | 8 |
Stagecoach Plc, the bus to rail operator which has seen its shareprice double in under a year, said on Thursday it expected ongoing progress in dividend growth after reporting record profits of 47 million stg.
Keith Cochrane, finance director, told Reuters "We expect ongoing progress in our second half dividend," even ... | 8 |
Imperial Tobacco Group Plc, fresh from its demerger from Hanson Plc in October, said on Monday it was capable of cutting back debt levels and investing in further export growth as a dual policy.
Gareth Davis, chief executive, told Reuters in an interview that the two could be achieved "in parallel" because of the group... | 8 |
Stagecoach, the British bus and rail group which has seen its shareprice grow fivefold in three years, saw its stock hit a record high on Thursday after posting a bumper 127 percent rise in first half profits.
The Scottish-based group which has enjoyed explosive growth since its flotation in 1993, said half year pre-ta... | 8 |
Stagecoach, the British bus and rail group which has seen its share price grow fivefold in three years, Thursday posted a bumper 127 percent rise in first-half profits, boosting its stock to a record high.
The Scottish-based group, which has enjoyed explosive growth since its flotation in 1993, said half year pre-tax p... | 8 |
China's breakaway Catholic Church has ordained about 50 graduates of one of the country's biggest seminaries into the priesthood this year, clergy at the seminary said on Monday.
The new priests, five of whom were ordained on Sunday, were the first group of clergymen installed by the National Catholic Seminary since 19... | 3 |
China on Thursday savoured its latest victory in a diplomatic tug-of-war with Taiwan, while the stunned island scrambled to limit the damage from South Africa's decision to abandon it.
South African President Nelson Mandela said in Johannesburg on Wednesday that Pretoria would switch diplomatic recognition from Taipei ... | 3 |
China on Tuesday slammed Taiwan for failing to crack down on a new opposition party seeking independence for the island and warned that separatism was "a road to death".
"Not only do the Taiwan authorities fail to ban the formation of the Taiwan Independence Party, but they also tolerate it," a spokesman for the Taiwan... | 3 |
A group of foreign legal experts has asked China for permission to observe next week's trial of detained dissident Wang Dan, a human rights group said on Saturday.
Wang faces the capital charge of plotting to overthrow the government, a crime that carries a maximum penalty of death and a minimum sentence of 10 years in... | 3 |
Beijing Mayor Li Qiyan is to step down in a long-delayed reshuffle after the downfall of his mentor, the Chinese capital's disgraced Communist Party boss Chen Xitong, sources with close ties to the city government said on Sunday.
Li, 58, mayor of Beijing since 1993, would become a vice-minister of labour and could even... | 3 |
China's exports climbed again in October as slow demand at home encouraged companies to ship abroad and the government expanded credit to exporters, newspapers and a government economist said Wednesday.
The upturn was expected to continue through the first half of 1997, said Wang Jian, a researcher with the cabinet's S... | 3 |
China said on Wednesday Japan was heading for confrontation with an election platform reiterating Tokyo's claim to disputed islands in the East China Sea but said it was not too late for Japan to stop its reckless gamble.
"Japan is turning a deaf ear to warnings and protests from China...and has embarked on the road to... | 3 |
China sent a senior official to attend a reception at the Ukraine embassy on Friday despite a diplomatic rift over a visit to Kiev by Taiwan's vice president Lien Chan.
But an apparent guest list mix-up left both sides unsure over who would represent Beijing at the reception, held to mark Ukraine's independence day.
Uk... | 3 |
The mother of detained Chinese dissident Wang Dan said on Monday she would defend her son in court against the capital charge of plotting to overthrow the government.
"Two defence counsels are allowed...I will be one of them," Wang Lingyun, a 61-year-old researcher at a museum who has no background in law, told Reuters... | 3 |
China's former first lady Wang Guangmei auctioned her private antique collection on Tuesday and said she would use proceeds to help impoverished mothers.
Wang's collection, consisting of porcelain bowls and plates and a brush holder made of ivory dating back to the Qing (1644-1911) and Song (960-1279) dynasties, fetche... | 3 |
China has retired its navy and air force commanders due to old age, a source familiar with the reshuffle said on Tuesday.
Admiral Zhang Lianzhong and Lieutenant General Yu Zhenwu, both 65, have stepped down as navy and air force commanders respectively, said the source who spoke on condition of anonymity.
Zhang was rep... | 3 |
Chinese President Jiang Zemin tried to reassure Taiwanese businessmen on Thursday, saying Beijing would not allow political differences to stand in the way of trade and investment.
"We maintain that political differences should not be allowed to affect and interfere with economic cooperation between the two sides," sta... | 3 |
A Chinese court has rejected the appeal of veteran dissident Liu Nianchun against a labour camp term for writing petitions, saying freedom of speech must not endanger the security of the state.
Beijing's Chaoyang District Court rejected Liu's lawsuit on Monday on the grounds that a petition he initiated in 1995 "contai... | 3 |
China called on Taiwan on Tuesday to show goodwill by lifting a decades-old ban on direct trade and transport links, saying attempts by the island nation to block such links would be futile.
"Obstructing the three links between the two sides...will be futile...is against the will of the people on both sides," a comment... | 3 |
A Chinese court on Friday will consider the appeal of dissident Wang Dan against his 11-year sentence for plotting to overthrow the government, a hearing held days before a visit by U.S. Secretary of State Warren Christopher.
The Beijing Higher People's Court was widely expected to reject the 27-year-old dissident's ap... | 3 |
Bankruptcies in China -- unheard of for almost four decades -- are expected to more than double in number this year as authorities try to shed hopelessly indebted firms.
The figure is expected to rise even further next year as officials become more determined not to subsidise loss-making state firms.
More than 5,200 Ch... | 3 |
China has vowed to curb the influence of Buddhism in Tibet, saying religion would have to bow to socialism.
Monks outnumbered students and more money was spent on monasteries than on Communist Party buildings in the Himalayan region, the official Tibet Daily said in an edition seen in Beijing on Wednesday.
"In the basi... | 3 |
The mother of detained Chinese dissident Wang Dan said on Monday she would defend her son against the capital charge of plotting to overthrow the government and that he was prepared for a heavy sentence.
"Two defence counsels are allowed...I will be one of them," Wang Lingyun, a 61-year-old researcher at a museum who h... | 3 |
A Tibetan nun has had her jail term doubled to 18 years for refusing to recognise Beijing's choice as the reincarnation of the region's second holiest monk, the Tibet Information Network (TIN) said on Monday.
The sentence of 19-year-old Ngawang Sangdrol, jailed since she was 15, was doubled in July, partly because she ... | 3 |
China pledged on Wednesday to curb a rush by provinces to invest in high-profile industries, but economists said defiance from regional authorities would impede attempts by the central government to restructure the economy.
The People's Daily, mouthpiece of the ruling Communist Party, said many new state enterprises we... | 3 |
China will defrock radical monks in Tibet in a crackdown that could last up to five years in a bid to uproot the influence of the Dalai Lama in his Himalayan homeland, a Chinese propaganda official said on Thursday.
"Lamas who are comparatively reactionary will be told to return to secular life," the propaganda officia... | 3 |
Chinese dissident Wang Dan has appealed against his 11-year jail sentence for plotting to subvert the government, but his mother said on Tuesday she held little hope of an acquittal or a lighter sentence.
Wang Lingyun said she hoped U.S. Secretary of State Warren Christopher and German President Roman Herzog would rais... | 3 |
Taiwanese business leader Kao Ching-yuan on Wednesday urged Beijing to resume talks with Taiwan, saying the island's investors would lose confidence in China if political friction impeded relations.
"If the relations between the two sides are kept at a low ebb due to political and ideological problems... Taiwanese busi... | 3 |
A son-in-law of China's paramount leader Deng Xiaoping has resigned as director of the armament department of the People's Liberation Army (PLA), Chinese sources with close ties to the military said on Sunday.
Major General He Ping, husband of Deng's youngest daughter Deng Rong, quit the post recently after his hopes f... | 3 |
China announced on Thursday that a court had rejected the appeal by a son of one of the country's politically powerful families, upholding a suspended death sentence for bribery.
The court showed leniency to Zhou Beifang, 43, former chairman of Hong Kong-listed affiliates of the giant state-owned Capital Iron and Steel... | 3 |
China's paramount leader Deng Xiaoping, reported to be in fragile health, was absent from a rally on Tuesday to pay tribute to him and other survivors of the 1934-36 Long March.
Deng, 92, one of about 700 surviving veterans of the Red Army who trekked 9,650 km (6,000 miles) across China on foot to flee Chiang Kai-shek'... | 3 |
Chinese activists, in a statement on Tuesday hours ahead of a visit by the U.S. Secretary of State, protested against American backing for Japan's bid to become a permanent member of the U.N. Security Council.
"We hold that Japan is not qualified to become a permanent member of the Security Council of the United Nation... | 3 |
China's Communist Party leader Jiang Zemin appears to be making all the right moves to shore up his position to retain power after the death of paramount leader Deng Xiaoping, diplomats and analysts said on Friday.
Jiang has declared war on corruption, crime and poverty -- scourges that have plagued China for centuries... | 3 |
Leading Chinese dissident Chen Ziming has been placed under tight police surveillance after his release on medical parole and needs permission to consult a doctor, a relative said on Thursday.
"Some conditions (after his parole) are not as good as when (he) was in prison," the dissident's sister, Chen Zihua, said after... | 3 |
China said on Friday that Taiwan was a pawn and toy of hostile Western forces out to weaken and divide the country and thwart its development.
"Taiwan...acts as a pawn of international anti-Chinese forces, a toy in the hands of others," said a front-page commentary in the People's Daily, the ruling Communist Party's of... | 3 |
A Chinese court has jailed a 56-year-old dissident for five years for subversion, dealing another blow to the country's tiny, struggling democracy movement.
The Intermediate People's Court in Xi'an city, in the northern province of Shaanxi, convicted Zhang Zong'ai this week of spreading "counter-revolutionary propagand... | 3 |
China's Supreme Court announced on Thursday that a court has rejected the appeal of a son of one of the country's political elite, upholding a suspended death sentence for bribery.
The appellate court showed leniency because Zhou Beifang, 43, former chairman of Hong Kong-listed affiliates of the giant state-owned Capit... | 3 |
The father of Chinese dissident Wang Dan protested his son's innocence on Wednesday, just hours before the start of the former student leader's trial, and said the family would not give in to the authorities.
"He is definitely innocent," Wang Xianzeng told reporters as he left his home to go to the court.
The trial of ... | 3 |
China demanded on Monday that the United States cancel plans to sell Stinger missiles, launchers and other weapons to Taiwan to prevent "new damage" to slowly recovering Sino-U.S. relations.
"We ask the U.S. side...to cancel plans to sell missiles to Taiwan to prevent creating new damage to Sino-U.S. relations," a Fore... | 3 |
China's parliament, eager to shed its rubber stamp image, has vowed to crack down on lawless officials by intensifying supervision of the government's executive and judicial branches.
Tian Jiyun, vice-chairman of the National People's Congress, had conceded that the problem of officials disregarding the law was very se... | 3 |
China's exports climbed again in October due to sluggish domestic demand, faster payment of export tax rebates and an expansion of credit to exporters, newspapers and a government economist said on Wednesday.
The upturn in exports was expected to continue through the first half of 1997, said Wang Jian, a researcher wit... | 3 |
The mayor of China's capital resigned on Tuesday in a reshuffle that had been expected since the downfall last year of his mentor, disgraced Beijing Communist Party boss Chen Xitong, in a corruption scandal.
The Beijing People's Congress had approved the resignation of city mayor Li Qiyan, the official Xinhua news agen... | 3 |
Beijing's top negotiator with rival Taipei sought on Tuesday to allay Taiwan's fears that China would swallow up the island if Taipei lifts a decades-old ban on direct trade and transport links between the two.
"We feel this kind of strange logic is very ridiculous," Tang Shubei, vice-chairman of the Association for Re... | 3 |
The seven-year-old boy chosen by China as Tibet's second holiest monk attended a ritual in Beijing last week to celebrate the first anniversary of his enthronement, major Chinese newspapers said on Wednesday.
Monks pounded drums, rang bells and chanted Buddhist scriptures as Beijing's choice as the reincarnation of the... | 3 |
Two sons of Beijing's disgraced Communist Party boss, Chen Xitong, have been detained and face possible prosecution for economic crimes, Chinese sources said on Friday.
The fate of Chen himself was unknown. He was one of the most powerful men in China before his fall in April 1995 after one of his proteges, Beijing Vic... | 3 |
A Chinese court on Friday took 10 minutes to reject the appeal of dissident Wang Dan and uphold an 11-year prison sentence for subversion, his mother said.
The verdict came four days before the scheduled arrival of U.S. Secretary of State Warren Christopher, who diplomats say was expected to raise human rights issues i... | 3 |
Taiwanese business leader Kao Ching-yuan has invited one of China's top policymakers on Taiwan to visit the island, but Beijing was tight-lipped on whether to accept the offer.
The invitation was offered to Wang Zhaoguo, director of the Chinese cabinet's Taiwan Affairs Office, in a private capacity, a spokesman for Kao... | 3 |
China began the trial of prominent dissident and former student leader Wang Dan on Wednesday on the capital charge of plotting to overthrow the government, a court official said.
"The trial started at 9.00 a.m. (0100 GMT)," said an official of the Beijing People's Intermediate Court reached by telephone. He declined to... | 3 |
The trial of prominent Chinese dissident and former student leader Wang Dan for the capital charge of plotting to overthrow the government is expected to be held behind closed doors soon, a family member said on Tuesday.
The Beijing Number One Intermediate People's Court had yet to inform Wang's family of the trial dat... | 3 |
Two Chinese magazines are struggling for survival after being targeted in a crusade by China's propaganda tsars to cleanse the media of liberal influences, Chinese sources said.
"Focus" magazine in the southern boomtown of Shenzhen has suspended publication for two issues after a Hong Kong newspaper reported the magazi... | 3 |
China announced on Saturday a massive restructuring of one of its biggest conglomerates after reportedly meting out a suspended death sentence to the son of the former company chairman, one of the country's ruling elite.
State media announced the restructuring of Capital Iron, or Shougang, on Saturday but made no menti... | 3 |
China's flamboyant tycoon Mou Qizhong is hounded by creditors, faces lawsuits and investigation for alleged irregularities and cannot leave the country, company officials said.
The embattled chairman of the Land Economic Group, who has been identified by local media as China's second richest man, was down but not out a... | 3 |
American movies, hamburgers, jeans -- and U.S. bashing -- are all the rage in China today.
China and the United States have gone from confrontation in the 1950s and 1960s to odd bedfellows in the 1970s and 1980s to a love-hate relationship in the 1990s.
"More and more ordinary Chinese people are disgusted with the deed... | 3 |
One of China's most prominent dissidents, Wang Dan, will likely receive a harsh sentence for the charge of plotting to overthrow the government, his mother said on Tuesday.
Wang would plead not guilty to the capital charge when his trial at the Beijing Intermediate People's Court begins on Wednesday, said the dissident... | 3 |
China's propaganda tsars have axed all the novels and two films of controversial writer Wang Shuo, among the earliest victims of a crusade to resurrect communist puritanism.
The state-owned Hua Yi publishing house decided recently to stop publishing a four-volume collection of Wang's 30-odd novels after coming under fi... | 3 |
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