Businesses positive about corporate tax law

A survey of how the business community views China's tax system has revealed overwhelming support for the government's new corporate income tax law, with 85 percent of the respondents saying it has had a positive impact on the economy.

Biz scene

Market

Business International

Economic woes impact on home furnishing giant

Ikea, the world's largest home- furnishings retailer, plans to slow the pace of its expansion as a global economic slowdown erodes sales, Chief Executive Officer Anders Dahlvig said yesterday.

G7 likely to keep closer eye on banks

The Group of Seven economic powers are likely to deploy an international team to keep closer tabs on the world's big banks while demanding better risk management and information disclosure across financial markets.

Honeywell lands $23b Embraer jet order

Honeywell International Inc won its biggest business jet engine order, beating two rivals for a $23 billion contract from Empresa Brasileira de Aeronautica SA.

Boeing announces another 787 delay

Boeing Co, the world's second-largest commercial aircraft maker, delayed delivery of the 787 Dreamliner until the third quarter of 2009, its third postponement in six months.

Biz people

Fiat CEO a 'natural leader'

IN BRIEF (Page 15)

Business Roundup

Biz scene

Market

Index edges up on brokerage, base metal stocks

Shanghai's main stock index gave up most of the day's gains to close modestly higher yesterday, retreating from near its 20-day average, which some analysts consider important technical resistance.