China's largest online auction site Taobao is banking on rural transaction growth and its online mall selling top brands to double its revenue growth this year and help it break even, its chief executive said on Friday.
BMW, the world's largest premium car maker, said on Friday its August car sales in mainland China surged 63.2 percent from a year earlier.
China Mobile, the world's largest mobile carrier by subscribers, said on Friday it hoped to soon have lower-cost handsets for its 3G service, as it tries to popularise the service based on a homegrown standard.
Chipmaker National Semiconductor Corp posted stronger-than-expected first quarter results on Thursday because of increased demand from industrial markets.
The Carlyle Group is raising a new Asia buyout fund with target size up to $3 billion as the U.S. private equity giant aims to tap more deals in Asia, two fund industry sources said on Friday.
Asian shares edged up on Friday as strong Chinese economic data supported regional recovery hopes, but Japanese exporters were hurt by a stronger yen as the dollar fell to its lowest in a year against a basket of currencies.
U.S. Treasury Secretary Timothy Geithner said Thursday a strengthening economy means the government can end some of the extraordinary support it put in place for markets and prepare for a slow recovery.
The European Union outlined a scaled-back offer to help poor nations combat global warming on Thursday as some nations expressed gloom about prospects of a new U.N. climate deal in Copenhagen in December.
U.S. copper futures closed down on Thursday, as prices extended a phase of consolidation below the $3.00 a lb level and fell under the weight of renewed concerns about near-term demand prospects, analysts said.
With global oil consumption having decreased relative to year-earlier levels in every quarter since the middle of last year, we have now experienced four consecutive quarterly declines in world oil use, with another decline expected in the current quarter.
U.S. copper futures lost more than 3 percent of their value Thursday morning as prices continued to correct further away from the psychological $3.00 a lb level amid a broader sell-off in the industrial metals complex.
Japan's Toshiba Corp needs to consider acquisitions so as to develop sales routes and gain share overseas in the growing market for LED lights, the head of its lighting systems operations said on Thursday.
A drive to agree a U.N. climate pact in Copenhagen in December risks failure unless world leaders revive bogged-down negotiations at a U.N. summit in New York on September 22, experts say.
China's Huawei, one of the world's top makers of networking equipment, on Thursday denied a report it was in talks to form an alliance with Franco-American rival Alcatel-Lucent.
France's Carrefour launched its second Russian store on Thursday with a pledge to pursue acquisitions in the country, and said the crisis had not changed its long-term vision of the market.
Global oil demand will be almost 0.5 million barrels per day higher than previously forecast this year and next on stronger-than-expected U.S. and Chinese fuel consumption, the International Energy Agency said.
Chinese carmakers are venturing on to the global stage with bids for Western brands from Volvo and Hummer to Saab, but there are doubts these inexperienced firms can manage the transformation such deals would bring.
Britain, South Korea and New Zealand left interest rates at record lows on Thursday, with Canada expected to follow suit, but in Asia at least there were signs that thoughts are turning to tighter policy.
Asian stocks rose on Thursday as investors continued to switch into riskier assets amid growing confidence the global economy is recovering, keeping the dollar on the defensive.
After driving his BMW 5 series model for just three years, Chinese futures trader Jerry Lin traded in his car for an Audi A6.
Asian stocks rose on Thursday as hopes for global economic recovery prompted investors to shift into riskier assets, while oil found support above $71 a barrel following OPEC's decision to keep output steady.
North American companies are flocking to sell shares this week, signaling to some investors the U.S. stock market may be close to sputtering after a long rally.
