PetroChina Company Limited announced on Sunday that it had completed purchase of 45.51% shares of refiner Singapore Petroleum Co (SPC) and would make a buyout offer for the rest of its shares in cash.
China will abolish export duties on some grains and industrial products and cut the duties for chemical fertilizers and nonferrous metals from July 1 to promote exports, the Ministry of Finance said in a statement on Monday.
Nokia Siemens Networks and Nortel signed USD$650 million planned acquisition agreement to purchase LTE and CDMA assets.
China will not back away from its July 1 launch date for the controversial anti-pornography computer filter Green Dam Youth Escort, a Ministry of Industry and Information Technology (MIIT) source said on Monday.
While General Motor is struggling in US, its joint venture in Shanghai has sold its two millionth Buick in China as sales have grown rapidly, the auto giant said on Tuesday.
China's top legislature reviewed for the first time a draft revision to the Law on Guarding State Secrets, underlining the cutoff of Internet or other public network access to the country's confidential information, the country's official news agency Xinhua reported on Monday.
China's Gome Electrical Appliances said on Monday it will raise at least HK$3.24 billion (US$417 million) through an investment from Bain Capital and a share sell.
North Korean leader Kim Jong-il is likely in good health and his grip on power strong but he appears to have needed displays of military might to counter a rise in domestic unrest, a South Korean cabinet minister said on Monday.
Oil dropped below $69 a barrel on Monday pressured by a stronger dollar and weaker European equities, but attacks on the oil industry in top African exporter Nigeria limited losses.
Oil fell toward $69 a barrel on Monday, extending the previous session's drop of more than 2 percent, as bearish sentiment over gasoline markets in the United States continued to dominate investors' concerns.
Chinese Internet users are calling on fellow web surfers to stay offline on July 1, the debut of a controversial software filter that critics say the Chinese government is using to tighten censorship.
Asian stocks rose on Monday, with Chinese bank stocks getting a boost on hopes lending will stay strong, while U.S. Treasury yields were flat before a weekly record of $104 billion in new debt hits the market.
Asian stocks edged up on Monday, supported by buying of defensive sectors, while the U.S. dollar rose on caution ahead of a Federal Reserve meeting this week when policymakers may extend programmes to keep borrowing costs low.
Negotiations are under way between General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery over the proposed purchase of Hummer, and the deal is a perfect fit according to GM’s CEO Jim Taylor.
Telecom equipment maker Nortel Networks said on Friday that it will sell its advanced wireless technology business to Nokia Siemens Networks for US$650 million and that it was making progress in talks to sell its other businesses.
Negotiations are under way between General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery over the proposed purchase of Hummer, and the deal is a perfect fit according to GM’s CEO Jim Taylor.
According to the latest statistics from World Health Organization (WHO), the total number of confirmed influenza A/H1N1 cases had jumped to 2718 in 18 Asian countries by Friday.
Russia plans to release 30 percent more greenhouse gases by 2020 under an emissions target scheme announced on Friday by President Dmitry Medvedev.
China Unicom, one of China's top three mobile carriers, may be close to a deal that would see it become the exclusive seller of Apple's iPhones in China for two years, a Merrill Lynch analyst said.
Earlier this month China's car sales had surged on the back of generous government incentives and indeed has now passed the U.S. as the largest car market in the world.
Now if you are going to do stimulus, China shows us how to do it! As car sales jumped 47% year over year in May, the profits at auto makers fell 28%, and revenue dropped 11% for the first 4 months of the year
China's Internet watchdog on Friday ordered Google to stop overseas websites with pornographic and vulgar content from being accessed through its Chinese-language search engine.
