New multilateral development banks will not be rivals of the World Bank Group, according to its head, dispelling doubts that other lenders would try to compete with the globe's largest development bank.
Temasek Holdings Pte Ltd has increased its exposure to Chinese markets over the past year, even as Asia holdings weighed on its performance and the Singaporean investor turned to the West for growth.
The Chinese market will continue to grow for another 20 years in terms of commercial aircraft demand, pulling even with the United States as the leading markets in the world for Airbus Group NV, according to Chief Executive Officer Thomas Enders.
Airbus SAS will deliver 36 A380 planes, the largest passenger aircraft in the world, in 2014. It produces three jumbos each month.
The financial services branch of Baidu on Tuesday in Shanghai launched an A-share index, the first financial investment tool to survey the A-share market based on big data, signaling the Internet giant's entrance into the sector.
IBM Corp announced on Monday in the United States that it had signed a contract with the Beijing municipal government to determine the basic elements of emissions to help predict air quality in the Chinese capital.
Samsung Electronics Co posted a second-quarter profit that missed analysts' estimates as the world's biggest smartphone maker lost market share.
Passenger-vehicle sales in China continued their momentum with double-digit growth numbers during the first six months of the year on the back of stable economic growth, a report said on Tuesday.
Tesla Motors Inc, the United States-based electric car producer, is being sued in China for trademark infringement in the latest example of the difficulties foreign firms face while doing business in the country.
The world needs a strong Chinese economy over the long run, not the short run, as the nation's economic restructuring will lead to more sustainable growth, said Jim Yong Kim, president of the World Bank Group.
As a World Bank president trained in the sciences, Jim Yong Kim feels it is his role to tackle some issues related to the global public good, particularly climate change.
China and Germany signed a series of trade and investment deals on Monday during a visit to Beijing by Chancellor Angela Merkel, including agreements on two new factories for Volkswagen AG and the sale of 123 helicopters by Airbus SAS.
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