South Korea's Hyundai Motor Co said two new factories in China will produce more environmentally friendly vehicles and models targeting the world's biggest auto market, as the automaker strives to fend off growing competition from Chinese rivals.
National Grid Plc has selected a consortium of investors that includes Allianz SE and the infrastructure arm of Australian investment bank Macquarie Group Ltd as potential bidders for its UK gas distribution business, people familiar with the matter said.
Hong Kong stocks climbed the most in six weeks, led by financial companies and casino operators, as investors speculated US monetary policy will remain accommodative and recent equity losses were excessive.
Cofco Meat Holdings Ltd, the Chinese mainland pork producer part-owned by KKR & Co, is seeking to raise as much as $333 million in a Hong Kong initial public offering.
Uruguayan firm Conaprole, the largest exporter of dairy products in South America, will achieve an export value of about $55 million this year in China as it benefits from the huge market and the nation's two-child policy, its senior executives said.
LSK House Technology Co Ltd, a leading Chinese manufacturer of steel houses, said it had signed a joint-venture agreement with a US building company to construct a factory in Miami to make light steel-framed housing.
A German battery maker that allows people to store and pool electricity said it had secured 76 million euros ($85 million) from venture capital investors, including Chinese wind turbine and energy management group Envision Energy Ltd.
In an effort to boost market share, Turkish Airlines is building its transfer business, in which passengers from China can change planes in Istanbul, said a company executive.
China's B shares plunged on Monday after the value of the renminbi against the US dollar slid to the lowest in six years.
CITIC Group Corp has started marketing yen-denominated bonds to Japanese investors, the first sale of "Samurai bonds" by a Chinese mainland issuer for overseas borrowers in two decades.
A Chinese securities regulator has tightened regulation of illegal market activity by limiting each investor to a maximum of three stock accounts in the A-share market.
The largest venture capital fund ever raised by a woman isn't in Silicon Valley or even the United States. It's in Beijing and is run by a former librarian who keeps such a low profile that she's a mystery in China.
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