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Coty Inc. Buys into China's TJoy Holdings, Ltd

The world's largest fragrance firm Coty has now announced it plans to acquire a majority stake in the Chinese cosmetics company T-Joy. Coty and T-Joy anticipate closing the deal next month. Through TJoy's existing distribution channels in China, Coty's strategic investment should ...

Tsingtao Brewery Takes over Major Chinese Brewery

Tsingtao Brewery, producer of China's most famous beer, Tsingtao Beer, said Tuesday it has agreed to buy a beer brewery in Shandong, in what will be the company's third takeover in two years. The company spent 1.87 billion yuan (281.3 million U.S. dollars) to take over the Hong ...

Wal-Mart Gender-bias Lawsuit Goes to Supreme Court

The U.S. Supreme Court said Monday it will decide whether a sex-discrimination class-action lawsuit against Wal-Mart Stores Inc. can proceed. If allowed to proceed, the case will become the largest job discrimination lawsuit in U.S. history. Arkansas-based Wal-Mart, the world's ...

AOL Considers Breakup, Merger with Yahoo

It is reported that AOL is considering splintering up and then combining its content division with Yahoo. AOL's plans are in the exploratory stage and the company has confirmed that it has not approached Yahoo. AOL would sell its sinking dial-up business to another Internet ...

Britain: BP says cost of Macondo oil spill disaster now tops $6 billion

The cost of the response to the Macondo oil spill disaster in the US Gulf of Mexico now totals about $6.1 billion, operator BP said in a statement Monday. The latest estimate includes the cost of the spill response, containment, relief well drilling, static kill and cementing, ...

Volkswagen to Build Joint Venture in Malaysia

Volkswagen, one of the largest car makers based in Europe, signed a collaboration and license agreement with Malaysian conglomerate DRB-Hicom on Tuesday to appoint the latter to locally assemble its vehicles in Malaysia. The Volkswagen cars to be assembled in Pahang, the central ...

Singapore Airlines Cargo Buys Stake in China Cargo

Singapore Airlines Cargo (SIA Cargo) is planning to buy a 16 percent stake in Shanghai-based China Cargo Airlines Co. Ltd, a subsidiary of China Eastern Airlines, local media reported on Tuesday. Set up with an initial registered capital of 950 million Chinese Yuan (about 143 ...

MGM Restructuring Becomes Effective, New Owners Step In

Metro-Goldwyn-Mayer Inc. (MGM) said its reorganization plan became effective Monday after the badly needed 500 million U.S. dollars to lift it out of bankruptcy had been secured. The Hollywood studio, founded in 1924, announced that Gary Barber and Roger Birnbaum, the heads of ...

Bank of China Hong Kong to Launch Offshore RMB Bond Index

Bank of China (Hong Kong) Limited is expected to launch the "Bank of China (Hong Kong) Offshore RMB Bond Index" on Dec. 31, the first offshore RMB bond index in Hong Kong, the bank said Monday in a statement. The index aims to provide a reference of the performance of the ...

Boeing to Deliver Satellite Communications System to Mexico

Boeing Co. announced on Monday that it will deliver a satellite communications system to Mexico under a one-billion-dollar contract. The system, known as MEXSAT, will consist of three satellites, two ground sites, associated network operations systems and reference user terminals...

China Unicom Adds 1.12 Mln 3G Users in Nov.

China Unicom announced on Monday it added 1.12 million new 3G service subscribers for November with an aggregate 3G subscriber base of 12.776 million. China Unicom's net additions of 2G subscribers were 604,000 in November, with a total number of 152.749 million. Regarding the ...

Rio Tinto to Sell out Most of Its U.S. Coal Mining Unit

Rio Tinto is to rake in at least 2 billion U.S. dollars by divesting most of its U.S. coal mining unit, Rio Tinto Energy America, a Rio Tinto official said in the weekend. Rio will sell out potentially Cloud Peak Energy and Jacobs Ranch coal mine in Wyoming, both are parts of Rio ...

Baidu Promises Crackdown on Internet Content

China's largest search engine Baidu Inc plans to invest up to 100 million yuan ($15 million) to fight illegal web content, as part of its efforts to join with the government to crack down on illegal activities online. Baidu on Friday launched a project with the China Internet ...

GM Recalls 100,000 Crossovers to Fix Seat Belts

General Motors Co. is recalling 97, 843 crossover vehicles to fix seat belts that could fail in a crash, the National Highway Traffic Safety Administration said Friday. The recall includes 2011 model year versions of the Cadillac SRX, Chevrolet Equinox and GMC Terrain, the ...

Google Refuses U.S. State's Request for Data

Google has told attorney general in the U.S. state of Connecticut that it will not comply with his demand to view data collected through the company's Street View cars, U.S. media reported on Friday. The state is threatening further legal action against Google in the wake of the ...

Datang Renewable Debuts 1 pct Below IPO Price

China Datang Corporation Renewable Power, China's second biggest wind farm operator, officially listed on the Hong Kong stock exchange on Friday, with share price opening at 2.3 HK dollars, down 1.29 percent from its IPO price. As a subsidiary of the state-owned power generator ...

Tencent to Launch Global QQ

China's leading provider of Internet and mobile & telecommunications value-added services, has announced the launch of version 1 of their QQ International (QQi 1.0) instant messenger (IM) product. According to the China Daily, "the international version of China's most popular IM ...

KKR Makes Investment into China's Largest Liquor Store Chains

Kohlberg Kravis Roberts & Co. (KKR), a private equity firm, announced on Thursday it will invest in China's largest liquor store chain, which adds another Chinese consumer asset to its Asia portfolio. According to a Reuters report, KKR did not disclose the amount of money it is ...

China's Publishers Go Public into Stock Market

Some of China's major publishing and press firms are tapping into domestic equities markets for more sustainable growth, as the central government urges the enhancement of the cultural sector as one of the pillar industries for China's economy in the next five years. The China ...

DBS Gets Larger Share of China Bank Sector

Southeast Asia's biggest bank, Singapore-based DBS, announced on Wednesday that it will take control of Royal Bank of Scotland (RBS) Group PLc's commercial and retail banking portfolios in China, according to the China Daily. In accordance with the agreement signed by the two ...
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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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 ...

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market

China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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 ...

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industry

Minivans rev up sales for GM
Minivans rev up sales for GM
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 ...

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Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
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
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
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