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China Merchants to invest $500m in Sri Lankan port

2011-08-16 11:09:12

China Merchants Group Ltd (CMG), one of the nation's largest State-owned conglomerates, is investing in a container port in Sri Lanka as it seeks to expand in South Asia.

BOC joint venture eyes rural market

2011-08-16 10:14:10

Bank of China Ltd (BOC), the country's fourth-largest commercial lender by market value, is planning to accelerate expansion in the rural market.

Tianjin Faw Toyota Motor to recall 33,809 vehicles

2011-08-16 09:51:32

Tianjin Faw Toyota Motor Co ill recall 33,809 Corolla EX sedans from Tuesday to fix an engine computer malfunction, China's quality watchdog said on Monday.

Bright Food to buy Australian producer

2011-08-16 09:45:46

Bright Food Group Co Ltd, a leading Chinese food manufacturer, is finalizing an acquisition deal with an Australian food distributor in a bid to expand its presence overseas, a company spokesman said.

Ascent Solar to sell stake

2011-08-16 09:45:13

US photovoltaic cell maker Ascent Solar Technologies Inc said it would sell a fifth of its shares to China's TFG Radiant Group and the two parties plan to set up manufacturing facilities in east Asia.

Munich Re stake signals 'strategic shift' on reserves

2011-08-16 09:38:42

China's investment in German reinsurance company Munich Re Group is a sign that the country's foreign exchange regulator might be seeking out higher-yielding but riskier investments.

Hsu Fu Chi deal offers 23% return

2011-08-16 09:26:28

Nestle agreed to buy 60 percent of Hsu Fu Chi International Ltd, the Dongguan, Guangdong-based candy maker, for S$2.07 billion ($1.7 billion) in July.

Haier sees sharp rise in H1 profit

2011-08-16 09:23:58

Haier Electronics Group Co Ltd said on Tuesday it expected net profit attributable to shareholders to rise 79 percent for the first half of 2011 as compared with the same period a year ago.

HTC to increase mainland outlets

2011-08-15 17:33:39

HTC, the world's No 5 smartphone maker, said on Monday it would triple its mainland outlets to 2,000 by end of this year from 650 now.

Relativity, Huaxia form film partnership

2011-08-15 17:17:45

Hollywood film studio Relativity Media LLC said Sunday it is launching a partnership with the Huaxia Film Distribution Co Ltd and SkyLand (Beijing) Film-Television Culture Development Ltd.

Some foreign fast food is harder to swallow

2011-08-15 16:03:56

Foreign fast food loyal fans now doubt the quality.

CWE signs $526m contract in Guinea

2011-08-15 15:32:21

A contract of $526 million between the China Water and Electric Company (CWE) and the Guinean government for the construction of a dam was signed in the West African country's capital Conakry, officials disclosed here on Monday.