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Wealth funds look at Huaneng IPO

2011-05-27 10:58:45

China Investment Corp (CIC) and Temasek Holdings Pte are among key investors who plan to buy a combined $415 million of shares in Huaneng Renewables Corp's initial public offering, according to two people with knowledge of the matter.

Yahoo vows to clean Alibaba mess

2011-05-27 10:24:11

Yahoo Inc CEO Carol Bartz found herself in a familiar position on, assuring stock market analysts that she will clean up a mess damaging the long-slumping Internet company's market value.

Unilever's price rise 'a corporate decision'

2011-05-27 09:09:20

Unilever's decision to raise the price of some of its products is a "corporate decision", and the government will not punish the company or "interfere" with its business, a senior official said.

Microsoft new R&D headquarters logs on

2011-05-26 17:24:01

Microsoft Corp's research and development headquarters for the Asia-Pacific region began operations on Wednesday, people.com.cn reported.

Hutchison enters infant milk market

2011-05-26 10:26:45

Hutchison China MediTech Ltd, the pharmaceutical arm of Hutchison Whampoa Ltd owned by billionaire Li Ka-shing, announced on Tuesday that it will enter the Chinese infant-formula milk powder market through cooperation with Hain Celestial Group Inc.

Philips elevates China's market status

2011-05-26 09:56:16

Royal Philips Electronics NV has elevated China's status to that of a "home market", as it decentralizes management and encourages regional markets to learn from China how to obtain higher growth, according to a top company executive.

ZTE looking to narrow sales gap with Huawei

2011-05-26 09:11:26

ZTE Corp, China's No 2 telecommunications equipment maker, will narrow the sales gap with domestic rival Huawei Technologies Co Ltd, by achieving a growth rate of more than 20 percent this year.

EU firms say China increasingly becoming 'strategic market'

2011-05-25 17:44:56

European companies said China is an increasingly important "strategic market," according to an annual business confidence survey released by the European Union Chamber of Commerce in China on Wednesday.

Unilever China raises prices after fines

2011-05-25 13:14:35

Unilever (China) Co, Ltd has raised the prices of some of its products in China three weeks after it was fined by the Chinese government over spreading news of price hike.

Bayer breaks ground for Qingdao plant

2011-05-25 10:43:55

Bayer AG broke ground for a new polyurethane plant in Qingdao on Tuesday, underscoring the commitment of the German pharmaceutical and chemical producer and its local partners to China's sustained development of the building industry.

CICC to buy 35% of Zheshang

2011-05-25 10:35:59

China International Capital Corp (CICC), the nation's top-ranked investment bank last year, is set to become the first domestic securities firm to take control of a trust, said a person with direct knowledge of the matter.

Unilever raises product prices, news report says

2011-05-26 11:09:24

Unilever PLC, the world's second-largest consumer goods maker by capitalization, after Procter & Gamble Co, reportedly starting raising the prices of some of its Hazeline and Lux brand products in Guangzhou, Guangdong province, on Tuesday.