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Renren shines on US debut; analysts wary

2011-05-06 08:56:48

While foreign investors hailed the 28.6 percent surge of Renren Inc at its trading debut on the New York Stock Exchange Wednesday, analysts and industry experts in China raised concerns of a possible risk to China's largest social networking site.

ChemChina close to getting final OK for MA deal

2011-05-05 15:38:15

China National Chemical Corp is close to getting final approval for its bid to buy a controlling stake in Israeli agrochemicals maker MA Industries.

Avon fires 4 executives in China

2011-05-05 15:33:44

Avon Products Inc (AVP), the world's largest door-to-door cosmetics merchant, is probing possible corruption after firing four executives over bribes to officials in China, Bloomberg reported Thursday, citing Avon's regulatory filing.

Chinese firms to face global challenges

2011-05-05 13:28:05

As an increasing number of Chinese companies enter the global market, they face a host of challenges.

Brazilian, Chinese firms on Buffett's list

2011-05-05 13:15:11

Warren Buffett's search for deals in Brazil and China may put companies from Marcopolo SA to Odontoprev SA and Lonking Holdings Ltd on his wish list.

Food, drug industries facing credibility crisis

2011-05-05 11:25:03

Following a series of scandals, China's food and drug industries are facing "serious public mistrust," a recent report has found. 

Xiamen Tungsten to invest 4b yuan in plant

2011-05-05 11:21:15

Xiamen Tungsten Co Ltd, China's largest tungsten processing company, announced on Wednesday that it has agreed to invest 4 billion yuan ($615.7 million) in processing and upstream resources sectors.

Carlsberg aims to double profits worldwide

2011-05-05 11:14:09

The Danish brewer Carlsberg Group, one of the world's premium beer makers, plans to double its global profits by 2015 in part with its expansion in the Chinese market, senior company officials said.

Sands China plunges on weak Q1 earnings

2011-05-05 11:10:40

Sands China Ltd dropped the most in more than a month in Hong Kong trading after its Las Vegas-based parent reported first-quarter earnings that missed analysts' estimates.

CITIC to raise $322m in rights share issue

2011-05-05 11:01:13

CITIC Resources Holdings Ltd, a Chinese oil and coal producer with assets in Kazakhstan and Australia, is seeking to raise HK$2.5 billion ($322 million) through a rights issue to help fund expansion.

China's steelmakers diversify amid profits squeeze

2011-05-05 10:38:13

China's steelmakers -- battling to stop their profit margins from further decreasing -- are diversifying into sectors unrelated to steel.

Push to speed up mining M&A

2011-05-05 10:23:51

The National Energy Administration (NEA) says local governments must accelerate the preparation of schedules for the merger and acquisition (M&A) of coal mining companies, and should hand in their plans before the end of June.