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The robust original equipment manufacturing (OEM) sector in China's fast-growing aerospace market is expected to provide a further boost for the US-based industrial manufacturer Eaton Corp.
Gome Electrical Appliances Holdings Ltd, China's biggest electronics retailer, said it will take "appropriate steps" after its former chairman told a newspaper he intends to sell all of his shares in the company.
Two Chinese companies have now debuted on the New York Stock Exchange. However, the offerings have been mixed.
Tencent Holdings said on Wednesday its net profit rose 61 percent to 2.87 billion yuan ($442.2 million) for the three months ended March 31, 2011.
Shandong Nanshan Aluminum Co Ltd, China's second-largest aluminum products maker, said it will invest $161 million to build an extrusion plant in the United States to further tap into the overseas market.
ABB Group is poised to invest $100 million in China this year as it sees abundant opportunities arising from the government's policy to increase energy efficiency in the country's 12th Five-Year Plan (2011-2015), said ABB's top executive.
Jiayuan.com, China's biggest dating website, fell on its first day of trading at the Nasdaq stock exchange.
US aircraft maker Boeing expects to double its purchasing of raw materials and services from Chinese suppliers by 2015, said the general manager of Boeing's parts factory located in China's northern industrial city of Tianjin.
Banking giant HSBC Holdings said on Wedsnesday that it has appointed Richard Bennett as its group managing director with effect from May 3, 2011.
PT Pertamina, the Indonesian state energy company, bid about $3.5 billion for Exxon Mobil Corp's 25 percent stake in an Angolan oil block, surpassing an offer from a Chinese rival, the Wall Street Journal reported, citing a person familiar with the matter.
The British-based apparel and luxury food retailer Marks & Spencer Group Plc (M&S) intends to open more stores in Shanghai to increase its market presence.
The Canada-based investor relations (IR) outfit CHF Investor Relations Co is making efforts to help foreign resources companies find investors in China and facilitate overseas market listings for small and medium-sized enterprises (SMEs).
