BP Plc will pay A$1.785 billion ($1.3 billion) for Woolworths Ltd's network of Australian gas stations in a deal that will cement the London-based oil company as one of the nation's biggest fuel providers.
China plans to seal free trade agreements with 40 percent of the countries and regions along the Belt and Road Initiative in 2017, officials said on Tuesday.
Toshiba Corp can't get past its accounting problems.
Lawmakers have called for stronger regulation of the legal responsibilities and obligations of third-party platforms and enhanced protection of consumers' rights in the draft of the country's first e-commerce law.
McDonald's Corp is reported to have narrowed the potential buyers of its China franchise to State-owned CITIC Group Corp and US-based private equity firm Carlyle Group LP, and an analyst said he is bullish on the potential transaction.
A Chinese company's acquisition of a controlling stake in Shell Refining Co in Malaysia is a win-win for both the teapot refiner and Shell, an analyst said.
I would never have imagined that my trust in my favorite brand would collapse one day, until a defective smartphone battery finally shattered my perfect impression of it a couple of weeks ago.
Supply-side structural reform has been a catchphrase in China this year, and is set to remain a central theme of the nation's economic work in 2017 as it is expected to inject vitality into the world's second biggest economy. The reform has witnessed steady progress since China's policymakers proposed it at the end of 2015 to resolve structural imbalances in the economy.
The development of free trade zones will create a competitive edge for China to tap supply-side reform and the Belt and Road Initiative, as well as allow inland regions to diversify their manufacturing and geographical advantages, senior commerce officials said on Monday.
China will ramp up investment to develop essential industrial components and materials next year, in a move to reduce reliance on foreign technology in key sectors including telecommunications and railways.
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