CNR sets up unit to boost finance management
2012-12-07 21:17:42
CNR Corp Ltd established a finance unit with a registered capital of 1.2 billion yuan ($193 million) on Dec 6, in a bid to boost its financing management capabilities.
Timeline of CNOOC's bid for Nexen
2012-12-08 10:16:10
Canadian regulators on Dec 8 approved China National Offshore Oil Corp's $15.1 billion purchase of Calgary-based Nexen Inc, which explores western Canada's oil-rich tar sands and operates production rigs in the North Sea, the Gulf of Mexico and Nigerian waters.
China is world's biggest market for Nokia’s Windows phones
2012-12-07 22:00:15
China is the biggest market globally for Nokia's Lumia phones, which use the Windows Phone operating system, Stephen Elop, chief executive officer of Nokia Corp, said in Guangzhou on Wednesday.
Private firms win two shale gas blocks
2012-12-07 22:06:57
Two Chinese private companies won two blocks at the country's second round of the auction of shale gas blocks' exploration rights.
Canada OKs CNOOC's $15b purchase of Nexen
2012-12-08 09:41:12
After months of debate, Canadian regulators on Friday approved China National Offshore Oil Corp's $15.1 billion purchase of Calgary-based Nexen Inc.
Diageo in high spirits as sales soar in China
2012-12-08 09:20:29
Diageo Plc, the world's largest spirits maker, is expecting its high-end liquor sales in China to continue growing 50 percent or more annually.
Geely denies talks to buy Aston Martin stake
2012-12-08 09:13:09
Zhejiang Geely Holding Group denied reports on Friday that it is in talks to buy an interest in British sports car maker Aston Martin from its Kuwaiti owners.
China Youngman Automobile buys 29.9% stake in Spyker
2012-12-07 16:54:47
China Youngman Automobile Group Co Ltd on Thursday acquired a 29.9 percent stake in the Netherlands' Spyker Cars NV for 10 million euros ($12.95 million), the Beijing Business Today newspaper reported.
China buying Ukrainian corn for first time
2012-12-07 16:37:55
Ukrland Farming, Ukraine's biggest agro-industrial company, will export corn to China, the world's largest consumer of the cereal.
Commerce chamber to support private companies' expansion abroad
2012-12-07 16:11:38
The All-China Federation of Industry & Commerce — the country's largest chamber of commerce comprising companies and individuals from the private sector — said it will support the efforts by private companies to go abroad.
China Mobile sets up first 4G network for high-speed trains
2012-12-07 15:49:39
China Mobile Ltd said on Friday that it has successfully deployed the world's first 4G network for high-speed trains.
China Telecom e-com transaction to hit 53b yuan
2012-12-07 15:43:10
Bestpay Co, a China Telecom unit specialized in e-commerce and mobile payments, expects its transaction volume to see a two-fold increase year-on-year to reach 53.6 billion yuan this year, company officials said.