Bain Capital Partners said on Wednesday it withdrew its application for U.S. national security approval for its planned $2.2 billion acquisition of network-equipment maker 3Com Corp.
A top Chinese state newspaper has lambasted Hollywood director Steven Spielberg for quitting the Beijing Olympic Games over Darfur, saying childish vanity politics lies behind Western criticism of Beijing policy.
Japan's most popular online networking site, Mixi Inc, said on Wednesday it plans to establish a subsidiary in Shanghai to tap China's fast-growing Internet market.
Air China is in initial talks to buy all the shares it does not already own in its cargo venture with the parent of Beijing Capital International Airport, an Air China executive said on Wednesday.
China Mobile Ltd signed up a record number of users in a single month in January, as the world's top cellular carrier built on its dominance in the world's largest wireless market.
Copper prices rose reaching a four-month high amid strong Chinese demand London Metal Exchange inventories which continue to drop.
Copper jumped to a four month high today as stockpiles on the London Metal Exchange had their biggest drop since October 17 and a report showed higher demand in China.
Apple iPhones are being smuggled into China through word-of-mouth networks, helping to deal a blow to Apple's efforts to create official distribution channels for its popular devices, according to a report.
Europe's major powers and the United States said on Monday they recognized Kosovo's new independence, as Serbs reacted with anger and some states warned that its secession from Serbia set a dangerous precedent.
Alibaba Group, the Chinese Internet firm, will seek a stronger voice for its management team in Microsoft's talks to acquire Yahoo, Alibaba's largest shareholder, a source said on Monday. Based on the original agreement with Yahoo, which owns 39 percent of Alibaba, the Chinese company is in a very strong position to influence how shares would be transferred to any new owner, said the source, who is close to Alibaba.
Following the integration of Tata Group's five telecommunication subsidiaries - VSNL, VSNL International, Teleglobe, Tata Indicom Enterprise Business Unit and Cipris - under the Tata Communications brand name, Tata Communications has announced that it will inject $2 billion over the next three years to fuel its global expansion plans with specific focus on the new world of IP, MPLS, Ethernet, and managed services.
The market for KPO or Knowledge Process Outsourcing, which follows the success waves created by ITO (Information and Technology Outsourcing) in the 1980s and the BPO (Business Process Outsourcing) in the 1990s, is expected to touch $10-17 billion by 2010 and India is well poised to grab a major share of the market, a research paper released by the global audit, tax and advisory services group KPMG has revealed.
Oil prices were mostly unchanged on Friday despite a report released today that of lower consumer confidence which triggered speculation that U.S. demand will fall.
Soybean and soybean oil futures in Chicago increased amid speculations that demand from China will increase following strong winter storms that severely damaged China's crops.
China's securities regulator has approved the creation of at least three new mutual funds to raise more than 20 billion yuan ($2.8 billion), in an apparent effort to support the sagging stock market, sources said on Friday.
Copper declined on Thursday for a second day on speculation China's supplies will rise. Aluminum futures climbed.
Google plans to enter the online music market in China for the first time, as it steps up its battle with local incumbent Baidu.com Inc, media reported on Thursday. Google is expected to announce a joint venture with Top100.cn, to allow users to listen to and download licensed music files for free, major portal Sina.com said, citing local newspaper reports based on sources close to the U.S. firm.
China is stepping up efforts to fight pollution. It will aim to reduce its emissions of sulphur dioxide by 6 per cent from their 2005 levels this year, the top environmental official said in remarks published on Tuesday.
Copper futures gained on Tuesday for a fifth straight session as inventories declined.
The weakening U.S. dollar means some immigrants must dig deeper to send money home.
Israeli Prime Minister Ehud Olmert said on Tuesday Iran was still seeking to build nuclear weapons and called for a greater international effort to prevent Tehran from succeeding.
Four people including a former Boeing engineer and US Defense Department weapons expert were held on Monday on suspicion of stealing Space Shuttle secrets and spying for China.
