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Morgan Stanley Launches Securities Joint Venture in China

Morgan Stanley on Friday launched a joint securities venture with China Fortune Securities in Shanghai, the two companies announced in a statement. This new joint venture comes as foreign investment banks rush to gain a foothold in China's thriving capital market. The U.S. ...

SAIC-GM-Wuling Automobile Recalls 22,457 Vehicles in China

China's quality watchdog said Friday that SAIC-GM-Wuling Automobile Co. began on Wednesday to recall 22,457 vehicles in China to fix problems that could pose safety risks. The recall affects Chevrolet Spark cars manufactured between Dec. 20, 2010 and May 11, 2011, the General ...

Sina to Take on Twitter

China's Sina Corp is to launch an English-language microblog aimed at users abroad, entering a market dominated by the United States-based Twitter. The service will be a version of Sina's Chinese-language Weibo microblog, said company spokesman Mao Taotao. "We're now developing ...

Liquor Firm Faces Biggest Ever Civil Lawsuit

Shenzhen-listed Wuliangye Yibin Co faces possibly the biggest ever civil compensation lawsuit filed by investors in the history of the Chinese mainland stock market following a 600,000 yuan (US$92,593) fine imposed by China's top securities supervisor for illegal information ...

Citic to buy Credit Agricole brokerage stakes

Citic Securities Co, China's largest brokerage by market value, plans to acquire 19.9 percent of Credit Agricole SA (ACA)'s brokerage units, CLSA and Credit Agricole Cheuvreux, for $374 million, Bloomberg reported on Friday. Citic and the investment-banking unit of Credit ...

Groupon: Gaopeng margins 'greater' than 10%

Groupon Inc, owner of the biggest coupon website, said its China venture is achieving margins "much greater" than 10 percent even with competition from thousands of clones in the world's largest Internet market, Bloomberg reported Friday. Since establishing the Gaopeng venture in ...

Hong Kong's luxury site sold for HK$11.65b

HONG KONG -- The Hong Kong government sold a luxury site near the downtown on Thursday, setting a record of the second highest price in the city's land auction history, though quite below former market estimates. The 10,500-square-meter site, locating on Borrett Road, attracted ...

Chinese agro giant to invest $1.5b in Argentina

BUENOS AIRES, Argentina - Heilongjiang Beidahuang Nongken Group Co, China's biggest farming company, plans to invest $1.5 billion to develop farms and expand a port in Argentina's southern region. The State-owned food producer and the government of Argentina's Rio Negro Province ...

Volvo expects China's building to rev profit

BEIJING / GOTHENBURG, Sweden - The Swedish construction equipment maker Volvo Group expects China to be among its top three revenue contributors in the coming three to five years, according to a company official. "Asia is now the second-largest market for Volvo Group, thanks to ...

Maersk expanding fleet amid tough economic waves

HAMBURG / COPENHAGEN - AP Moeller-Maersk A/S may be the only shipping line to profit from growing trade between Asia and Europe even as rates reach a two-year low. While Maersk is ordering the world's biggest ships for the routes, companies such as Hapag-Lloyd AG may lose out, ...

China opens first non-stop flights to Georgia

URUMQI -- China Southern Airlines on Thursday launched new non-stop flights between the far west city of Urumqi and Tbilisi, capital of Georgia, opening up more convenient options for travelers between the two countries. As the first and only direct airline between China and ...

Legendary Pictures forms JV in China

LOS ANGELES -- Legendary Pictures has formed a joint venture in China that aims to produce and distribute English- language movies that have the potential to be worldwide hits, it was reported on Thursday. The venture, called Legendary East, will take advantage of China's booming ...

Harbin Pharmaceutical blasted for pollution scandal

HARBIN -- Harbin Pharmaceutical Group, a major pharmaceutical company in northeast Heilongjiang Province, drew criticism after news broke detailing pollution problems at one of its factories. "It's shameful that Harbin Pharmaceutical's general plant pollutes the environment,...

Taomee Debuts in New York

Taomee, an internet social network for children has announced the pricing of its initial public offering of American Depositary Shares on Thursday. Taomee's stock opened at $8.49 a share on the New York Stock Exchange, down 5.7% from its initial public offering price of $9, and ...

Italy's Retail Giant Opens Luxury Outlet in China

Italian fashion retail giant RDM opened a luxury outlet in northeast Tianjin city on Thursday, its flagship store in Asia, aiming to have a share in China's booming luxury product market. The Florentia Village-Jingjin Designer Outlets were jointly built by RDM Group and Waitex ...

GM Intends to Buy Back 1pct Stake

General Motors Co, the biggest overseas auto maker in China, said it intends to exercise an option to buy back a 1 percent stake in its main car venture in the country to make it an equally held unit with its partner. "We have an option to buy that 1 percent," Chief Executive ...

Apple Unveils Steve Jobs' iCloud

Related: Steve Jobs Takes Stage to Introduce iCloud With an "I" heading the word, iCloud will work miracles. Traditional personal computers have been "driving us crazy trying to keep in sync" the photos, movies and music, Apple's mastermind Steve Job said. Here is his solution: ...

Pharmas to feel lure of deals

Market 'will experience explosive growth', KPMG report predicts BEIJING - China's drug market is primed for "explosive growth," making companies there attractive targets for drugmakers that will soon lose patents on their most popular treatments, according to KPMG LLP. Products ...

Beijing airport invites Kazuo Inamori as advisor

BEIJING -- Beijing Capital International Airport on Wednesday invited Dr Kazuo Inamori, a Japanese management guru and CEO of Japan Airlines (JAL), as a management advisor. Airport management hopes to learn from Inamori's cultural concept of using philosophies in business ...

Water management firms eye China

France-based Suez Environment (Suez) and US-based General Electric Co (GE) recently signed an agreement to jointly develop new urban water management technologies, and the first projects will focus on cities in China and France, China Securities Journal reported Thursday. "We ...
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China slams Japan's NHK governor's denial of Nanjing massacre
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China's farm product pricing plan shifts to market orientation
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IMF chief warns of risks to recovery
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GM China chairman to retire
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Minivans rev up sales for GM
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Court rejects Apple lawsuit over iPad name
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Chinese leader calls for more marine power
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sports

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
Yao's gift of sport for all
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Some 14 countries and regions are expected to compete in the 45th ...
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