Official data shows Chinese telecom operators have burnt 80 billion yuan ($11.71 billion) in the first half of this year to build a third-generation (3G) services network, which, according to expert, is a premature move in China.
The New York Times reported higher quarterly profit on cost cuts on Thursday, beating forecasts, but advertising revenue fell 30 percent and a recovery for U.S. newspaper publishers still looks a long way off.
Aluminum Corp. of China (Chinalco) is still searching for opportunities to invest in nonferrous metal mining resources in Western Australia, Caijing reported on Thursday, citing Chinalco's CEO Xiong Weiping who also raised the possibility of cooperation with Rio Tinto.
Amazon.com's purchase of shoe seller Zappos.com, known for attentive customer service, will likely race through an antitrust review unscuffed, antitrust experts said on Thursday.
Amazon.com Inc posted a quarterly net profit on Thursday that fell by 10 percent as foreign currency fluctuations and a legal settlement hit earnings at the world's largest online retailer, sending shares down more than 5 percent.
Listed steel mills in China are expected to report either declining profit growth or losses for the first half-year period due to sluggish demand, lower steel prices and over capacity, ChinaDaily reported on Thursday.
Japanese electronics makers Sharp Corp and Sony Corp will likely finalize a deal by July-end to form a television LCD panel joint venture in Sakai, Mie Prefecture, the Nikkei business daily said without citing sources.
New York Times Co reported higher quarterly profit on cost cuts on Thursday, beating forecasts, but advertising revenue fell 30 percent and a recovery for U.S. newspaper publishers still looks a long way off.
Equity investors are too negative about the hedge fund industry, says Neptune's Jeremy Smith, who has recently bought shares in Man Group and expects more consolidation among traditional fund firms.
Ford Motor Co posted a $2.3 billion quarterly net profit, mainly due to gains from a $10 billion debt reduction plan, and said it was on track to at least break even in 2011, sending its shares up as much as 9.7 percent.
Oracle Corp, the world's No. 3 software maker, plans to buy privately held GoldenGate Software, beefing up its portfolio of technology that helps companies manipulate information in databases.
Ford Motor Co posted a $2.3 billion quarterly net profit, mainly due to gains from a $10 billion debt reduction plan, and said it was on track to at least break even in 2011, sending its shares up as much as 9.7 percent.
An Asian country with large, government-backed energy companies seeks growth through cross-border acquisitions. It's inexperienced in such deals however, and gets off to a shaky start.
BBMG Corp, a leading building materials maker in China, on Thursday raised $768 million in a Hong Kong IPO at the top end of an indicated range, sources said, becoming one of the largest such deals this year and setting a positive tone for other big listings to follow.
Porsche conceded defeat in a months-long power struggle with Volkswagen Thursday by axing its embattled CEO, paving the way for VW to merge with the maker of the 911 sportscar.
Spot iron ore vessel bookings from Brazil to China jumped to a record in July as Australia suspended spot sales following detentions of Rio Tinto's top sales officials in China and as falling freight costs made longer haul trade attractive.
US Airways Group on Thursday reported a second-quarter net profit, reversing a year-ago loss and beating expectations on lower fuel costs, but said it is not counting on a quick rebound in travel demand.
US Airways Group on Thursday reported a second-quarter net profit, reversing a year-ago loss on lower fuel costs, but said it is not counting on a quick rebound in travel demand.
Ford Motor Co posted a $2.3 billion quarterly net profit, mainly due to gains from a $10 billion debt-reduction plan, and said it was on track to at least break even in 2011, sending its shares up 10 percent.
Ford Motor Co posted a $2.3 billion quarterly net profit, mainly due to gains from a $10 billion debt-reduction plan, and said it was on track to at least break even in 2011, sending its shares up 10 percent.
Sales of previously owned homes in the United States increased at a faster-than-expected annual pace in June, an industry survey showed on Thursday, in the third straight month of gains.
An unusually robust rise in home prices from April to May could foreshadow a recovery in many U.S. housing markets, according to a report released on Thursday by Radar Logic, a real estate data and analytics company.
Better-than-expected company results, improving French business confidence and a pick-up in UK retail sales offered some evidence on Thursday that stimulus spending was helping to ease the global economic downturn.
United Parcel Service Inc , the world's largest package delivery company, reported an in-line quarterly profit on Thursday and gave a weak outlook for the current quarter, but said its domestic and global businesses appeared to be stabilizing.
Porsche SE could still dig itself out of its debt hole without a merger of its sportscar business with mass-market rival Volkswagen, two people close to Porsche said on Thursday.
Dutch bank ING Group has hired JPMorgan to advise on the sale of ING's private banking business in Europe and Asia, which could fetch more than $1 billion, sources told Reuters on Thursday.
Officials from MTN are meeting India's capital market watchdog and stock exchanges to understand regulatory issues on a proposed deal between the South African firm and Bharti Airtel, the Economic Times reported on Thursday.
General Motors' GM.UL European business said on Thursday it had agreed to continue detailed talks with both Magna and RHJ International on its German unit Opel.
Signs of stabilisation if not recovery will be the focus when ArcelorMittal, the world's largest steelmaker, reports second-quarter results next week.
The U.S. unit of the world's largest meat processor, JBS SA, filed for an initial public offering of up to $2 billion on Wednesday, making it the largest planned offering in the U.S. IPO pipeline.
