Amreli Steels plans to raise $39 million next month from sale of 70 million new shares
Local shoppers will be in for a treat in Tianjin with a greater selection of products, as well as an influx of foreign brands.
Tianjin, a coastal city in northern China, aims to use its newly established status as a free trade zone to boost its economic links between Beijing and Hebei province.
Foreign companies will be able to increase their presence in the China (Tianjin) Free Trade Zone and move into new sectors, including the trade of salt.
Countries in Central Asia and East Europe are planning to build more roads, warehouses and logistics centers to cash in on the growing trade opportunities from China's Belt and Road Initiative.
Gucci is offering discounts of as much as 50 percent in China as the Italian fashion house seeks to clear out merchandise designed by its former creative director, prompting lines of shoppers to form since sunrise.
Germany's Deutsche Bank AG has agreed to pay $55 million to settle civil charges of filing incorrect reports during the financial crisis that downplayed risks of huge losses.
They're not Hollywood stars, they're not TV personalities and they don't play in a rock band, but their pay packages are in the same league.
Foxconn Technology Co Ltd is moving into finance by leveraging the big data boom in China.
In the office of the world's first big data exchange market in Guiyang, capital city of Guizhou province, Wang Sanshou, CEO of the Global Big Data Exchange Co, is occupied with meetings that focus on how to better sell data as a type of commodity.
Deutsche Bahn AG, one of the world's largest railway operators, is setting up a procurement office in China later this year to expand its pool of global suppliers and hunt for possible partners in Asian markets.
Australian Treasurer Joe Hockey's pledge to consider excluding tampons from a sales tax has raised concern the government could end up shrinking its revenue base at a time when it needs expanding.
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Raymond Zhou
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