China's eHi Car Rental Co Ltd, backed by venture capital firms including CDH Venture Investment and Jafco Asia, is planning an initial public offering in 2011 to fund expansion in the fast-growing but fragmented domestic car rental market, Chairman Ray Zhang said on Monday.
China Merchants Property Development Co (000024.SZ)(200024.SZ) said on Saturday that it would place up to 5 billion yuan ($732 million) in new shares with investors to purchase and develop property projects.
World oil consumption will rise for the first time in two years in 2010 as a recovery in the global economy boosts demand, according to a Reuters poll of top oil-tracking analysts and organizations.
Asian stocks rose for the ninth day in 10 on Monday, with investors still focused on upward momentum in corporate earnings, though some worried whether the gains were racing ahead of longer-term economic prospects.
U.S. Secretary of State Hillary Clinton said on Sunday that major powers wanted North Korea to return to negotiations over its nuclear program but would not reward any provocative actions.
The nice thing about a deep recession is that it doesn't take much of a rebound to make the official data look healthy even if the economy is not.
Rich countries should immediately mobilize billions of dollars in development aid to the poorest nations to win their trust in the run-up to global climate talks in Copenhagen, a draft EU report says.
Advanced Micro Devices Inc spinoff Globalfoundries began building a $4.2 billion chip manufacturing facility in upstate New York on Friday, as it gears up to take on the likes of TSMC .
China's two oil majors will see robust growth in earnings this yea mainly due to the new oil pricing system and more stable crude prices, China.org said on Friday, citing analysts .
China National Nuclear Corporation (CNNC) has signed a cooperation agreement with China Development Bank (CDB) to get credit limit of 100 billion yuan (about $15 billion) from the bank, bringing the total tally of CNNC's intentional credit limits to 450 billion yuan (about $66 billion) with the offers from eight other banks, State Assets Administration Committee (SASAC) said in its website on Thursday.
President Barack Obama backed down on Friday from a statement that police had acted stupidly in arresting a black scholar in a racially charged case that was rapidly becoming a distraction for Obama.
Police union officials on Friday rallied around the white officer whose arrest of a prominent black scholar sparked a heated debate on race relations in the United States.
The Investigative Commission On Crime Against Humanity claimed recently that it was seeking ways to file a suit against North Korean leader Kim Jong II to the International Crime Court (ICC) over alleged crimes against humanity, according to the Associated Press report.
United Nations Secretary General Ban Ki-moon urged China, one of the world's top two emitters of greenhouse gases, to become a global leader in the battle against global warming, the Associated Press reported on Friday.
Qu Jianguo, unable to borrow from banks to fund his small water treatment business, is hoping a Nasdaq-style second board in China, due for launch this fall, will help fill a hole in his country's financial system.
Three private equity firms have agreed to buy a combined about 10 percent stake of a flagship unit of China UnionPay, as the country's monopoly card payments service provider aims to go public next year, sources with direct knowledge of the deal said on Friday.
China's Beijing Auto said intellectual property issues were behind its failure to reach a deal with General Motors [GM.UL] over its Opel unit.
Germany called a French idea to slap carbon tariffs on products from countries that are not trying to cut greenhouse gases a form of eco-imperialism and a direct violation of WTO rules.
China could take a stake in a $3.3 billion port and rail infrastructure project in Western Australia's Mid-West iron ore belt, one of the firms involved in the project said on Friday.
Western nations fret that China is engaged in a grand strategy as it snaps up natural resource assets around the world -- that it is seeking to control the supply of raw materials and dominate manufacturing processes. But could this be a misreading of its motives?
Billionaire Bill Gates on Friday urged India to move away from low-cost labor toward high-end research and development to keep its giant IT sector competitive.
De Beers, the world's top diamond producer, said demand should pick up in the second half meaning it will not need more shareholder loans, when reporting tough markets had all but wiped out first-half profit.
