China creates 12 million new jobs

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Source: China.org.cn

China added about 12 million jobs in the urban areas and the rate of unemployment in cities decreased below 4.6%, said Yin Weimin, minister of human resources and social security referring to preliminary statistics.

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Thu, 29 Dec 2011 09:38:43 GMT

China's Soho to purchase Shanghai site for $632 million

China's company Soho Ltd. will buy Shanghai's commercial site for $632 million from two companies Greentown China Holdings Ltd. and Shanghai Zendai Property Ltd. The takeover is a part of Soho's strategy aimed at acquiring commercial property at important locations near the main transportation networks between Beijing and Shanghai.

Thu, 29 Dec 2011 09:37:21 GMT

Crude oil futures rise on the dollar rush

Crude oil futures appreciated as investors mostly sold their oil holdings to get profits and reinvest them in the USD purchases amid fresh concerns over the Euro Zone's debt crisis. Light, sweet crude oil futures for February delivery traded at USD99.39 a barrel during the morning Asian trade, on the New York Mercantile Exchange, adding 0.03%.

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