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China's Bright Food Group Co agreed to buy a 60 percent stake in British cereal maker Weetabix Ltd in a deal valued at about 1.2 billion pounds ($1.9 billion) including debt, the companies announced Thursday.
Starting businesses in their teenage, some young Chinese Internet entrepreneurs have turned their sharp business acumen and creativity into fortune and fame.
American Airlines, which filed for bankrupt protection last November, is forecasting double-digit revenue growth for its China routes in 2012 compared with 2011, the airline's Asia-Pacific Vice-President Erwan Perhirin said.
Alibaba Group Holding Ltd, China's biggest e-commerce company, completed a $3 billion loan with about 20 banks.
CNPC's Guangdong-based mega joint refinery with Venezuelan partner Petroleos de Venezuela SA started construction last Friday and is set to open by the end of 2014.
Savills Plc, a UK-based real estate adviser, expects revenue growth of 10 to 20 percent in China this year, despite real estate curbs and an economic slowdown.
A Chinese shipyard will help the Titanic finally reach New York, after an order to build a replica of the luxury liner was made by an Australian billionaire.
Air China on Wednesday launched a new regular flight between the southwestern city of Chengdu and the Indian city of Mumbai.
Bright Food Group Co Ltd, a leading Chinese food producer, denied media reports saying it plans to acquire British cereals maker Weetabix Ltd.
Hong Kong Exchanges & Clearing Ltd said it is studying a bid for the London Metal Exchange as growth slows and it seeks to build up a commodities business.
Sinopec and ENN Energy Holdings Ltd, joint bidders for China Gas Holdings Ltd, extended the deadline for the acquisition to July 6.
Diamonds facilitate increasingly closer links between China and Belgium as Chinese workers cut and polish them for Belgian companies.
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