Car makers from General Motors to Toyota Motor expect China to keep providing much-needed relief from feeble car sales elsewhere next year, even as local brands raise their game to grab a bigger slice of their home market.
General Motors expects its China sales growth to drop dramatically in 2010 as the carmaker nears the end of a year of government stimulus-fueled growth in the world's biggest car market, the head of the company's China operations said on Monday.
China - Europe's biggest carmaker, Volkswagen plans to more than triple its sales in south China by 2018 as a main driver for its strategy to double sales to 2 million units in the country by that time, its China chief said on Sunday.
China Telecom aims to sell BlackBerry handsets and Palm smartphones in China by early next year, as it tries to gain share from its two larger mobile telecom rivals, a source familiar with the situation said on Monday.
U.S. billionaire investor Wilbur Ross plans to buy shares of China Longyuan Power Group, Asia's largest wind power generator, which aims to raise up to $2.2 billion from its Hong Kong initial public offering, according to a preliminary prospectus.
Private equity firm Middle East & Asia Capital Partners Pte (MEACP) plans to introduce a sharia-compliant investment vehicle to its clean energy fund to attract Islamic capital, a company executive said.
HEGANG, China (Reuters) - Relatives of victims of a gas blast at a northeast Chinese coal mine scuffled with police and demanded answers from the owners on Monday as state media put the toll from the latest in a series of mine disasters at 104.The protest came a day after another 11 miners were killed in a blast at a pit in the southern province of Hunan, Xinhua said. China's stability-obsessed government is nervous about any public protests, and will be keen to keep discontent under control...
Prime Minister Gordon Brown, aware his chances of re-election may hinge on the economy emerging from recession, called on Monday for a global growth strategy to tackle trade and currency imbalances.
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said on Monday, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months.
The global economy is in a holding pattern and vulnerable to more upheaval, and a lasting recovery will depend on policymakers taking the proper steps in coming months, the head of the IMF said on Monday.
The Canadian dollar was firmer on Monday ahead of key Canadian retail sales data, helped by stronger equity and commodity prices, including a record level for gold, and broad-based U.S. dollar weakness.
Coca-Cola , the world's largest soft-drink maker, is planning to more than double its number of bottling plants in China within a decade, the Financial Times said.
Indian Prime Minister Manmohan Singh said on Sunday there was no substitute to the U.S. dollar for replacement as the global reserve currency.
The death toll from China's latest coal mine disaster reached 92 on Sunday, state television said, and hopes dimmed that more survivors would emerge after a gas blast at a colliery in the nation's far northeast.
International pressure on China to lift the value of its yuan against the dollar could stoke risks to growth in 2010, an economist at a top state thinktank has said, warning of a deepening dilemma facing currency policy.
A Chinese engineer arrested on suspicion of stealing Ford Motor Co. trade secrets will likely face additional charges after more secret data was found on his computer, U.S. prosecutors said this week.
Iran will begin large-scale air defense war games on Sunday to help protect its nuclear facilities against any attack, a senior commander said.
At least 31 miners were killed and 78 remain trapped 500 meters (yards) underground following a gas blast at a mine in China, state media said on Saturday.
President Barack Obama on Saturday urged Americans to show patience over the economy and argued that his just-concluded Asia trip was critical for U.S. exports, countering criticism he had returned empty-handed.
President Barack Obama on Saturday urged Americans to show patience over the economy and argued that his just-concluded Asia trip was critical for U.S. exports, countering criticism he had returned empty-handed. With unemployment at a generation high of 10.2 percent and once-lofty popularity ratings down, Obama said a December White House forum will leave no stone unturned in the hunt for jobs.
Sands China Ltd raised US$2.5 billion when it priced its Hong Kong initial public offering at the bottom of an indicated range, a source familiar with the deal said on Saturday.
Apple's wireless carrier in China on Friday expressed its high expectations for the iPhone despite the relatively low sales since its debut, hoping the handset to attract 10 percent of China's 3G users in the in the next three years.
