Primus Financial Holdings is very confident it will get approval from Taiwan's regulators for its bid to buy AIG's Taiwan insurance unit, a top executive from the investment firm said on Tuesday.
China's IP address will be used up in two or three years as the number of internet users keeps soaring, People's Daily reported on Monday, citing a Chinese expert.
U.S. auto giant Chrysler has not signed a deal with Fiat's Chinese partner Guangzhou Auto [GAIGPA.UL] to produce Jeeps in China, a Chrysler spokesman said on Tuesday, after media reported there was an agreement.
German government officials met with General Motors' top negotiator on Tuesday, hoping to get answers on why the U.S. carmaker has so far failed to choose a buyer for its European unit, Opel.
Asia is going to be way short of the new H1N1 vaccine to fight swine flu when the next surge of infections hits during the cold season this year, a spokesman for the World Health Organization said on Tuesday.
Chinese President Hu Jintao visited the restive region of Xinjiang this week for the first time since the July 5 riots, urging officials to maintain stability, state television said on Tuesday.
North Korea has invited the U.S. envoy overseeing ties with the prickly state to visit for nuclear talks next month, South Korean media said on Tuesday, reaching out to Washington as the United States pushes sanctions against Pyongyang.
Obama favors Bernanke; GM's Big Decision; Cutting off the Net
Commodity prices have continued to drop sending the South African Rand and Aussie dollar lower this morning. Risk appetite has taken a hit as increasing loan losses in the U.S and lower profits from companies in China saps demand for riskier assets. This has sent the dollar and Yen higher as the usual market mechanics continue to ring true. While the markets are largely anticipating the current bounce back in the economy companies are finding a hard time justifying this excessive optimism.
Bankrupt flash memory chips maker Spansion Inc (SPSNQ.PK) said it had agreed to sell its manufacturing facility in China to Taiwan's Powertech Technology Inc (6239.TW) for about $31 million in cash as part of its reorganization plan.
Taiwan's Asustek is pinning its recovery hopes on emerging markets such as China as the pioneer of netbooks struggles to compete with bigger rivals such as Hewlett-Packard and Acer.
Oil fell below $74 a barrel on Tuesday in a drop on broader global stock markets from 10 month highs hit in the previous session .
Oil fell below $74 a barrel on Tuesday, down for the first time in six days as Chinese shares plummeted on renewed concerns over the economic recovery, after reaching a 10-month high a day earlier.
Asian shares slipped along with commodities on Tuesday in a reversal of the previous day's solid gains, with many investors sticking to the sidelines and awaiting more clues on whether the economic recovery is picking up steam.
General Motors Co is considering a plan to raise funding to keep Opel as an alternative to selling the unit to Magna International , sources with knowledge of the deliberations said on Monday.
An executive from Aluminum Corp. of China Ltd. (Chinalco) denied recent media reports that the company is in talks with Australian miner Rio Tinto on a possible bauxite deal, local media Caijing reported on Monday.
General Motors Co is considering a plan to raise funding to keep Opel as an alternative to selling the unit to Magna International with financing from the German government, sources with knowledge of the deliberations said on Monday.
Benchmark iron ore prices in China fell to $95 a tonne on Monday, easing 17 percent from its nearly one-year peak of $115 in early August, as traders said many Chinese steel mills stopped buying ore for future delivery.
The Tengzhong-Hummer deal hasn't been approved by the Chinese government, Xinhua reported on Monday, citing government officials.
China's Sinopec Corp said on Sunday its net profit in the first half of 2009 rose by 332.8% year-on-year, due to adjusted refined oil prices on the domestic market.
Oil prices gained on Monday, briefly touching a 10-month high near $75 a barrel on expectations an economic recovery would revive ailing world energy demand.
Oil prices rallied to a 10-month high near $75 a barrel on Monday, part of a broad global rally in commodities and equities markets propelled by expectations for an economic recovery.
