company

Charles River Laboratories International Inc withdrew a $1.6 billion bid for WuXi PharmaTech (Cayman) Inc, citing investor opposition to what would have been the largest foreign takeover of a China company. Charles River will pay WuXi a $30 million break fee after mutually ...
The State-owned Assets Supervision and Administration Commission (SASAC) of Beijing and the China Resources Group in Hong Kong agreed Friday to cooperate in the bio-medical sector, the financial website Caing.com reported Friday. A source close to the matter said that China ...
China, the biggest buyer of iron ore, should reduce supplies by foreign companies to just one-third of its requirements by 2015 by boosting domestic output and investing overseas, the China Iron & Steel Association said. Imports rose 4.1 percent in the first half from a year ago, ...
Profits at China's large-scale steel enterprises in June fell 37.8 percent from a year ago due to higher raw material costs and declining product prices, the country's steel association said on Friday. At an internal meeting, China Iron and Steel Association general secretary ...
The first interim report of 2010 for securities brokers was released Friday by Northeast Securities Co in Changchun, capital of Northeast China's Jilin province, the Shanghai Securities Journal reported. The company's business revenue slid 46.29 percent year-on-year to 510 ...
SHANGHAI - US private equity giant the Carlyle Group said on Friday it had received 2.4 billion yuan ($354 million) in commitments for its Beijing-based yuan-denominated fund, and would begin making investments in large growth companies. Carlyle has set up a joint venture with ...
China State Construction Engineering Co, the country's top developer and construction company, said on Friday that its first-half net profit grew more than 50 percent year-on-year. The firm said construction and property revenue was better than expected in the first half thanks ...
The restructuring ceremony of Anshan Iron and Steel Group (Ansteel) and Pangang Group Company was held Thursday, making Ansteel the new official parent company of Pangang and reducing China's State-owned steel mills from four to three, the Shanghai Securities Journal reported ...
SHANGHAI - Shanghai Airlines Co Ltd said on Thursday it has agreed to terminate its Star Alliance membership by the end of October. The city-based carrier merged with China Eastern Airlines Co Ltd - a SkyTeam Alliance member - in February this year. Shanghai Airlines said it will ...
SHANGHAI- China's Hebei Iron & Steel Group remained the country's biggest steel producer in the first half of the year after raising crude steel output by 26 percent from a year earlier, the company said on Thursday. It said in a statement posted on its website that it produced ...
Aluminum Corp of China Ltd, the nation's biggest producer of the metal, agreed to pay $1.35 billion for a stake in Rio Tinto Group's Simandou iron ore project in Guinea, making its first investment in the commodity. Chalco will acquire a 44.65 percent stake by funding development ...
China Southern Airlines Co, the nation's biggest airline by fleet size, rose to the highest level in more than two months in Shanghai after saying first-half profit may have risen 5,000 percent. The carrier jumped as much as 4.1 percent to 7.67 yuan ($1.13), the highest intra-day ...
China Investment Corp, the country's $300 billion sovereign wealth fund, increased its net profit last year to $41.66 billion from $23.1 billion in 2008, China Central Television quoted the fund as saying. CIC, founded in late 2007, made a positive return on its overseas ...
Fosun International Ltd, part owner of Club Mediterranee SA, plans investments in European luxury brands and red wine companies to build alliances for expansion in China, which is forecast to become the biggest luxury market. "Many European companies have approached us and we are ...
Slot allocation system to open up in move for transparency BEIJING - Foreign airlines can expect to receive more flight slots in the future at the country's busiest airport in the capital, as a result of government efforts to increase transparency and build an international hub, ...
Aluminum Corporation of China Ltd (Chalco) and Rio Tinto Group will sign an agreement for development of a large iron-ore mine in Guinea today, the Shanghai Securities News reported, without saying where it got the information. Chalco suspended its shares from trading ahead of a ...
Jollibee Foods Corp, the largest Philippine fastfood company, will spend 50 million yuan ($7.38) for a food-processing plant that will serve its restaurants in China, a stock exchange filing today showed. The plant will be built in Shucheng county in Anhui province and will be ...
China Pacific Insurance (Group) Co plans to sell its 50 percent stake in an insurance venture with ING Groep NV for 943 million yuan ($141 million), according to a statement from the Chinese company to the Shanghai United Assets and Equity Exchange. The stake in Pacific-Antai ...
Cofco Ltd, China's largest grains trader, has yet to raise product prices because of government policy, a move that may help the company expand its market share, said Ning Gaoning, company chairman. Corn prices are at "historically high levels" and the gain in China's food prices ...
HANGZHOU - Chinese private enterprises have emerged from the doldrums of the global economic slowdown, according to the country's first private business prosperity index released Saturday. The Zhejiang Private Enterprises Prosperity Index (ZEPI), issued by the industry and ...
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
China's farm product pricing plan shifts to market orientation
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The Number One Document also proposed a new pricing plan for China's ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...
Minivans rev up sales for GM
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Sales of General Motors and its Chinese ventures accelerated in ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Lucrative golf industry lures stiff competition
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Two models stand beside golf equipment and bags at a recent golf ...
Yao's gift of sport for all
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Chinese NBA player Yao Ming teaches a boy with special needs how to ...
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Some 14 countries and regions are expected to compete in the 45th ...