UK seeks to boost Chinese visitors

2012-11-20 14:11:39

VisitBritain, a national tourism agency in the UK, is launching a tourism promotion project in Shanghai, a key part of its 125 million pound global "Great" campaign.

Sinopec buys stake in Nigeria oilfield

2012-11-20 11:26:33

China Petrochemical Corp, known as Sinopec group, has reached an agreement to purchase a Nigerian oil field with France's Total ADR.

Dongfeng Motor sets up German JV

2012-11-19 14:05:05

Dongfeng Motor Co plans to set up a joint venture with German-based Schmitz Cargobull AG to produce semi-trailers with an investment of 600 million yuan. 

Chinese retailer Bosideng wins UK business award

2012-11-19 10:52:53

Bosideng, a leading Chinese men's fashion retailer, won the Chinese Investor of the Year Award at the British Business Awards 2012.

Theater chain forecasts surging sales

2012-11-16 17:15:08

Dadi Digital Cinema, one of China's largest theater chains, expects its total revenue to reach almost 1 billion yuan ($160.4 million) this year, an increase of about 400 million yuan compared with last year, Liu Kaijun, general manager of investment at the company, said on Thursday.

CIC eyes Brazil's logistics market

2012-11-16 17:00:13

China Investment Corporation, the country’s sovereign wealth fund, has participated in a purchase, which will build the largest logistics platform in Brazil.

Asia corporate Q3 credit trend negative: Moody's

2012-11-16 16:44:44

The rating trend for corporates in Asia Pacific remained negative in the third quarter as negative rating actions continued to outnumber positive actions by a margin of 15 to 5.

Fosun buys 20% stake in Taiwan pastry maker

2012-11-16 16:28:05

Shanghai-based investment company Fosun Group acquired a 20 percent stake in Taiwan's pastry maker Vigor Kobo for 77 million yuan ($12.26 million).

Banks' holdings to buy foreign currency grow

2012-11-16 16:14:15

Chinese banks' yuan holdings to buy foreign currency rose for two straight months, indicating capital inflows continue and may further support expectations of yuan appreciation.

NetEase profit drops as expenses surge

2012-11-15 16:46:11

NetEase Inc said on Thursday that its net profit decreased 1.7 percent in the third quarter to 812 million yuan ($130.3 million).

Airbus plans on biofuel-testing flight in China

2012-11-15 16:43:26

European Aeronautic Defence and Space Company NV has signed a Memorandum of Understanding with ENN Group to work together on technology to derive biofuel from algae.

Maersk to boost cooperation with Qingdao port

2012-11-15 16:42:10

Maersk Line, the shipping unit of the Danish AP-Moller Maersk shipping conglomerate, will strengthen its cooperation with East China's Qingdao port.