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Uni-President to Build Beverage Plant in NW China Province

Uni-President Enterprises Corp., Taiwan's largest food group, has agreed to build a beverage plant in northwest China's Gansu Province, a local official said Wednesday. The facility in Baiyin City will cover 13 hectares at a cost of 36 million U.S. dollars, said Zhao Zengguo, ...

Shanghai GM to Recall 7,393 Imported Vehicles

Shanghai General Motors Co. has decided to recall some of the imported sedans sold in China to fix faulty sensor pads that could lead to front seat passenger air bags failing to operate in a crash. The recall, set to begin Feb.2, 2011, affects 7,939 imported Cadillac CTS vehicles ...

EBay Buys Mobile APP Developer Critical Path

EBay on Wednesday announced that it has bought Critical Path Software, a mobile application developer, in the latest move to strengthen its position in the rapidly growing field of mobile commerce. Critical Path, based in Portland, the U.S. state of Oregon, was one of the first ...

China's Geely Now Selling Cars Online

China's leading private-run carmaker, Zhejiang Geely Holding Group, began selling cars online Monday to tap into the purchasing power of the nation's hundreds of millions of netizens. Geely, which took over Volvo Car Corp. this year, said in a statement that it has opened a ...

Taobao Initiative Ups Stakes for Baidu

Taobao, China's biggest online retailer, is now providing more information on its website to allow users to shop around and get feedback from other users before purchasing anything from the latest iPhone, to home decorating materials, to something as simple as an embossed ...

ONGC, OIL find 51 new oil, gas reserves

51 new oil and gas reserves were discovered by state owned oil companies ONGC and OIL in the last 16 years. According to a written reply in Rajya Sabha, Minister of State for Petroleum and Natural Gas Jitin Prasada said that the Oil and Natural Gas Corporation (ONGC) and Oil ...

Qantas executives risk jail on cartel price fixing: Australia Competition Commission

Airline Qantas executives risk up to 10 years in jail if they continue to engage in cartel price- fixing practices, Australia's competition watchdog said on Wednesday. The European Commission announced earlier on Wednesday to fine Qantas and 10 other airlines one billion U.S. ...

Microsoft Sues Motorola for Charging Excessive Patent Royalties

Microsoft Corp. sued Motorola Inc. on Tuesday, alleging Motorola charged "excessive and discriminatory" royalties for some patents used in Microsoft's Xbox gaming console, U.S. media reported. Microsoft said it has filed an action in the U.S. District Court for the Western ...

Tablet Unlikely to Eat up Netbook Market Soon: Report

The introduction of tablet devices such as Apple's iPad this year has dealt a blow to the sales of netbooks or mini notebook computers, but it is too early to declare the death of netbooks as some analysts have predicted, research firm IDC said on Tuesday. A new IDC report showed ...

Google Adds "Instant Previews" to Its Search Engine

Google on Tuesday unveiled a new "Instant Previews" feature of its search engine, which the company said will enable users to evaluate and choose the right search results in a faster way. "Instant Previews provides a graphic overview of a search result and highlights the most ...

GE to Invest 2 bln USD in China on Research, Development, Joint Ventures

The U.S. General Electric Company (GE) announced in Beijing Tuesday its plans to invest more than 2 billion dollars to boost technology innovation and customer support, and set up new joint ventures in China in three years. Jeff Immelt, GE Chairman and Chief Executive Officer, ...

Rolls-Royce Makes Progress with A380 Engine Probe

Related: Qantas A380s Stay Grounded for Another 72 Hours Rolls-Royce said on Tuesday, it has made progress in understanding the cause of the engine failure that forced a Qantas A380 jet to make an emergency landing after a mid-air engine explosion on Thursday. It's now clear that ...

Chinese Firm Said Eying Stake in MGM

A Chinese company is said to be interested in buying a stake in Metro-Goldwyn-Mayer Inc under its reorganization plan which is still awaiting regulatory approval. The unidentified company intends to buy part of the new company's shares and a United States law firm is arranging ...

BP, CNOOC to Sign Exploration Deal: Report

The British oil giant, British Petroleum (BP), is set to sign a major deal with Chinaos largest offshore oil and gas producer when Prime Minister David Cameron of Great Britain visits Beijing this week, a report disclosed on Saturday. According to the Sky News, BP is hoping to ...

Volvo Recalls 24,660 Vehicles in China

Volvo and Changan Ford Mazda Automobile Co. said Friday it would recall 24,660 vehicles in China to fix problems that could pose safety risks. The recall, which is set to begin Nov. 8, affects 4,559 imported XC60 T6 vehicles manufactured between Nov. 20, 2009 and June 11, 2010 ...

China to Buy 102 Airbus Planes

A Chinese aviation equipment company signed an agreement with Airbus Friday to buy 102 planes from the company, Airbus China said. According to the agreement China Aviation Supplies Holding Company (CASHC) signed with Airbus, 66 of the 102 planes are new orders. Of the 66 new ...

Indonesia says work on Inpex Masela gas block may start 2011

p>Indonesia's upstream regulator BPMigas Thursday said Japan's Inpex may start construction at the Masela gas block project next year. The project is expected to be onstream in 2016, a senior official said. "An economic study on [the] Masela block development ... said that the ...

Airbus Eyes China's Big Orders: Reports

European aircraft giant Airbus expects to sign a major order from China following Chinese President Hu Jintao's visit to France, where the company is headquartered, local daily Les Echos reported Thursday. Airbus was waiting to sign an agreement with China on an order for 10 ...

China Southern to Buy 36 Airbus Planes for 3.78 billion USD

China Southern, the country's largest airline, announced on Thursday that it had agreed to purchase 36 Airbus planes for 3.78 billion U.S. dollars from Airbus SNC, based in French city Toulouse. In a statement filed to the Hong Kong stock exchange, China Southern said it would ...

Sri Lankan Government Buys Shell Shares

The Sri Lankan government is in position to control a majority stake of Shell's local arm Shell Gas Lanka through a 63 million U.S. dollars share purchase, official source said. The government on Wednesday signed an agreement with Shell, a global group of energy and petrochemical...
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