News Digest: August 26, 2011

The following press releases and media reports about Chinese companies were carried on August 26. To view a full article or story, click on the link next to the headline.

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◙ China’s Biggest Banks Post Record First-Half Profits as BofA, RBS Stumble (English article)

◙ Unicom (HKEx: 762) Estimates 3G to Turn Profitable on Monthly Basis in H2 (Chinese article)

◙ Groupon, Tencent’s (HKEx: 700) Gaopeng Cuts Workforce by One-Third – Report (English article)

◙ PetroChina (HKEx: 857) Seeks ‘Reasonable’ Margins as State Price Curbs Cut Profit (English article)

◙ Shanda’s (Nasdaq: SNDA) Cloudary Refiles NYSE IPO (English article)