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Airbus Delays Service Entry of A350-1000

European aircraft manufacturer Airbus announced Sunday to enhance the thrust of its long range A350-1000 passenger planes with Rolls-Royce's more powerful Trent XWB engines, but the entry into service of A350-1000 is thus delayed to mid 2017. The enhanced version of the Trent XWB ...

China's Aerospace Manufacturer Opens Europe Office in Paris

Commercial Aircraft Corporation of China Ltd. (Comac) on Sunday set up its European office in Paris, the second overseas branch after its U.S. office, marking a new step for China's aviation industry in opening-up and international exchanges. "The establishment of Comac Europe ...

Sega Information Leaks Affect Over 1.2 Mln Online Customers

The Japanese gaming company Sega Corp. said in a statement on Sunday some personal information from more than 1.2 million registered users had been stolen after the website of its subsidiary based in Britain was hacked. The Sega Pass website operated by Sega Europe limited was ...

China's aerospace manufacturer opens Europe office

PARIS -- Commercial Aircraft Corporation of China Ltd (Comac) on Sunday set up its European office in Paris, the second overseas branch after its US office, marking a new step for China's aviation industry in opening-up and international exchanges. "The establishment of Comac ...

Foxconn steps up investment in Henan

TAIPEI -- Foxconn, one of the world's largest electronics manufacturers, plans to increase its investment in Central China's Henan province after moving factories to Henan and Southwest China's Sichuan province last year. Foxconn plans to invest in 19 new projects in Henan, ...

COVEC stops Polish highway construction

BEIJING - China Overseas Engineering Group (COVEC) is withdrawing from a $447 million highway construction project in Poland after incurring heavy losses. The cancellation comes just two years after the company became the first Chinese enterprise to win a large European highway ...

Sinopec plans new refinery complex

A China Petroleum & Chemical Corp (Sinopec) refinery in Beijing. Sinopec operates 13 of the country's 20 mega-refineries with more than 10 million tons of refining capacity. [China Daily] China Petroleum & Chemical Corp, the country's biggest refiner by capacity, is planning to ...

Gov't Investment in Cloud Computing Essential: Microsoft Greater China

Every country is basically on the same level in terms of cloud computing, but government support is critical, said vice-president of Microsoft Greater China on Friday. Zeng Liang made the remarks at an ongoing annual software and outsourcing conference in China's northeastern ...

Foxconn Steps up Investment in C China

Foxconn, one of the world's largest electronics manufacturers, plans to increase its investment in central China's Henan Province after moving factories to Henan and southwest China's Sichuan Province last year. Foxconn plans to invest in 19 new projects in Henan, including ...

NZ Dairy Company Fonterra to Issue RMB Bond in HK

New Zealand's Fonterra Co- operative Group Limited, the world's biggest dairy company, announced Friday that it is seeking to raise 300 million yuan ( approximately 42 million U.S. dollars) through a bond issue in Hong Kong. It marked the first Australasian corporate to tap Hong ...

Mulberry eyes US, China as business booms

LONDON - British luxury fashion brand Mulberry said it expects overseas sales to overtake those in its home market in two years, as it beat forecasts with a more than fourfold increase in profit, Reuters reported on Thursday. Shares in the firm, best known for its leather ...

Huntsman business a political issue

CHICAGO - An early 1970s photo in a Huntsman Corp annual report shows a smiling young Jon Huntsman Jr holding a dozen eggs in polystyrene packaging, an innovation that helped make a fortune for the family business. The chemical company and Huntsman name would later help the ...

Production base for shield machines in full swing

ZHENGZHOU -- Two huge digging machines rolled off the production line of China Railway Tunneling Equipment Co Ltd on Thursday in the city of Zhengzhou, capital of Henan Province. This marked China's largest production base for shield machines -- a special type of tunnel digger -- ...

Macy's, Union Reach Tentative Agreement to Avoid Strike

Macy's Inc. reached a tentative agreement with union representatives on Thursday to avoid a strike by more than 4,000 New York employees. After an all-night negotiating session, a tentative agreement on a new five-year contract was reached. Although the details of the contract ...

Microsoft Warns of Phone Scam Offering Free Computer Security Checks

Microsoft Corp. on Thursday warned consumers in English-speaking markets of a phone scam offering free computer security checks. Microsoft said its latest survey in the United States, Canada, Britain and Ireland had found an emerging form of Internet scam, in which criminals, ...

Chrysler to Recall 11,351 Vehicles for Steering Problem

Chrysler Group LLC would recall 11, 351 2011-model-year vehicles for a possible steering problem, according to documents filed with the National Highway Traffic Safety Administration (NHTSA). Chrysler Group said in the documents that some vehicles may be built with a missing or ...

Online Retailer Taobao to Split into Three

Alibaba Group on Thursday said it is splitting its e-commerce firm Taobao, China's largest shopping website, into three units. However, the group won't rule out the possibility of going public in the future, said Alibaba Group president Jack Ma in a letter provided by Alibaba. ...

Oil, Natural Gas Facing Different World Markets

Though characterized by recovery, the global oil and natural gas markets have gone their separate ways in recent months, chief of the International Energy Agency (IEA) said Thursday. The oil markets had seen a surge in demand in emerging markets, IEA Executive Director Nobuo ...

Murdoch's $29m investment in Xunlei may pay off

Chinese company Xunlei Limited may benefit Rupert Murdoch's family fund, RW Investments LLC. Nanfang Metropolitan Daily reported that Murdoch said Wednesday his family fund made a $29.4 million third-round investment in Xunlei in April. Xunlei, a Chinese online content distributo...

China Southern Airlines makes debut flight to Vancouver

VANCOUVER -- China Southern Airlines entered the Canadian market Wednesday when its inaugural flight to Vancouver touched down with 282 passengers aboard. After nearly four years of negotiations with Canadian authorities, the Guangzhou-based carrier will fly to Vancouver non-stop ...
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