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Bank of China eyes UK expansion

Bank of China, the world's No. 6 bank by market capitalisation, is seeking acquisition opportunities to expand its British retail business, a senior executive said.

G7 wants faster yuan rise: France's Lagarde

French Economy Minister Christine Lagarde said on Tuesday that G7 countries had asked China to accelerate the appreciation of the yuan, and said markets were beginning to hear the U.S. message on the strong dollar.

China's VC, PE investment highest in Year

Last month, China's venture capital (VC) market swelled to see this year's high of over US$360 million in a single month, while investment in private equity (PE) market totaled US$ 990 million, up 110.6 percent month-on-month, according to the report from Chinaventure, one of the most popular venture investment consulting institutes in China.

PetroChina starts A-shares pre-IPO roadshow

PetroChina Company Limited today issued an A-shares prospectus Letter of Intent, and published a preliminary notice for inquiry. According to sources, the Chinese oil executives will lead a roadshow team in Shanghai, Shenzhen, Guangzhou and Beijing to start inquiry agencies promote and preliminary work.

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Bear Stearns and CITIC set alliance

Bear Stearns Cos, the U.S. investment bank battered by slumping mortgage markets, and China's CITIC Securities Co have agreed to swap stakes in each other and form a broad alliance, the firms said on Monday. The deal would bolster access to business in booming China for Bear, which lags bigger Wall Street rivals in expanding its business beyond the United States.

China unveils likely successors to top posts

China's ruling Communist Party unveiled a new leadership line-up on Monday, including two men positioned to eventually succeed President Hu Jintao and government head Premier Wen Jiabao.

Bush expands sanctions against Myanmar rulers

President George W. Bush expanded U.S. sanctions against Myanmar's rulers on Friday, accusing them of "vicious persecution" of democracy protesters, and urged China and India to step up pressure on their neighbor.

Concerns over Black Monday redux

The 20th anniversary of the stock market's brutal 1987 crash have some wondering if it could happen again in today's market.

G7 finance chiefs aim to calm uneasy global markets

With global economic growth waning and a credit crunch threatening, finance chiefs from rich nations were gathering on Friday to mull how to control strains in financial markets and keep expansion going.

Nokia earnings beat forecasts

Robust demand for cheaper phones boosted third-quarter earnings at Nokia Oyj, the world's biggest maker of mobile phones, with the better than expected result sending its shares sharply higher.

Cheap phones lift Nokia's profits

Robust demand for cheaper phones boosted third-quarter earnings at Nokia Oyj, the world's biggest maker of cell phones, with the better than expected profits sending its shares higher.

BoCom says HSBC to raise stake in 12 months

HSBC Holdings wants to increase its stake in China's Bank of Communications over the next 12 months, BoCom's chairman said on Thursday.

Big Asia governments to stick to cheap fuel, for now

Asian governments from Indonesia to China to India are in no rush to eliminate domestic fuel subsidies by raising cheap local pump prices, officials said this week, even as crude oil rockets toward $100 a barrel.

Giant Interactive launches $800 million IPO

Chinese online game developer Giant Interactive Group Inc was set to begin marketing a U.S. initial public offering on Thursday worth roughly $700-$800 million, sources familiar with the deal said, joining a record-breaking capital-raising push by Internet firms.

China says foreign company union drive not over

China promised on Thursday no let-up in its drive to force foreign-invested enterprises to create state-controlled unions and said it would not be deterred by reluctant company bosses.

Nike expects $1 billion China sales in year

Nike Inc sales in China are growing at over 50 percent annually and will reach $1 billion within a year, making the mainland its second largest market globally, Chief Executive Mark Parker said on Thursday.

U.N. envoy to push China to do more on Myanmar

China will be asked to do more to encourage the military rulers of Myanmar to engage in dialogue with the opposition, the U.N. special envoy to the troubled Southeast Asian nation said on Thursday.

China summons U.S. envoy over Dalai Lama award

China slammed the United States on Thursday for awarding the Dalai Lama one of its highest honors and summoned the U.S. ambassador in Beijing to complain, saying its actions had "gravely undermined" relations.

Bush urges China to meet with the Dalai Lama

President George W. Bush defended on Wednesday his plan to appear at an award ceremony for the Dalai Lama in the face of Chinese objections and urged Beijing to open talks with the exiled Tibetan spiritual leader China views as a separatist.

Coca-Cola Co. profit tops estimates

Coca-Cola Co said on Wednesday that its quarterly net profit rose a better-than-expected 13 percent, helped by strong sales of noncarbonated drinks and the weak dollar.

Taiwan's Asustek new laptop PCs to start at $245

Taiwan's Asustek said on Tuesday it will sell its new low-cost laptop PCs to consumers for as little as T$7,999 ($245) apiece, as it takes aim at more casual users in developed markets.

Singapore's Oculus agrees $410 mln reverse takeover

Oculus has entered into a reverse takeover agreement with waste recycling and carbon credit firm Aretae in a deal worth S$600 million ($410 million), the former contact lens maker said in a statement on Tuesday.

Singapore's Best World 2007 profit growth to slow

Singapore's Best World, a health care firm focused on China, expects profit growth to take a hit this year due to higher costs from its aggressive expansion drive, a company executive told Reuters on Tuesday.

China's CITIC bids for Bear Stearns stake

China's CITIC Bank Corp Ltd is bidding for a stake in Bear Stearns Cos, a senior Chinese regulator said, in the first official confirmation of media reports that the state-run bank was a potential suitor for the smallest of Wall Street's five big independent brokerages.

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