Hopes China's Tengzhong will complete the deal to buy General Motor's Hummer brand as early as this week appear unlikely to be fulfilled, with the regulator tasked with assessing the deal yet to receive a formal application, according to a regulatory source.
China's leading Internet firm Shanda Interactive Entertainment aims to buy more digital entertainment platforms and game content developers to diversify its revenue stream.
Kohlberg Kravis Roberts & Co and Fubon Financial are among the bidders for Morgan Stanley's stake in Chinese investment bank CICC, people familiar with the matter said on Wednesday, in a deal that could be worth more than $1 billion.
British actor Ben Kingsley, best known for his Oscar-winning role as Mahatma Ghandi, is looking to India again, this time for financing for another historic Indian role -- Mughal emperor Shah Jahan.
Contagion from emerging markets Ukraine and Dubai, debt in the eurozone's weakest economies, British politics, climate talks in Copenhagen and tensions with Tehran could all affect Western European markets in December.
Gold scaled another all-time high above $1,200 an ounce on Wednesday, helped by a weaker dollar as it lost some of its safe-haven appeal due to upbeat U.S. home sales and renewed appetite for riskier assets.
Foreign firms and individuals will be allowed to set up limited partnership firms in China from March 2010, a move that could make it easier for some overseas investors to tap the domestic market.
Gold surged to an all-time high above $1,200 an ounce on Wednesday, hitting a record for a second straight day, and Asian stocks advanced as investors chased riskier assets offering higher returns.
Defeat of Australia's emissions trading plans may temporarily dent political momentum ahead of next week's U.N. climate talks, but succeed or fail, the scheme is unlikely to affect global carbon prices until at least 2013.
Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said on Tuesday.
Chinese solar company Trina Solar Ltd said on Tuesday it entered into a sales agreement to supply approximately 8 megawatts of photovoltaic (PV) modules to the Chinese domestic market.
The world has emitted extra greenhouse gases this century equivalent to the annual totals of China and the United States above a maximum for avoiding the worst of climate change, a study estimated Tuesday.
China's top police officer has warned that the nation's security forces are struggling keep pace with an increasingly assertive society, and he demanded defter quelling of protests and stricter oversight of the Internet.
The second storey of this nondescript building in Fuyang city in China's central province of Anhui houses HIV-positive orphans, but unlike many other similar establishments, there are no signboards outside.
Japan's Asahi Breweries said it could spend up to 400 billion yen ($4.6 billion) on acquisitions to avoid getting left behind amid a rush towards consolidation in the global food and beverage industry.
The European Union hailed the start of a new era Tuesday after its Lisbon reform treaty went into force, carrying with it the bloc's hopes of become a more powerful force on the world stage.
Dubai's debt crisis may not sow lasting global contagion, but it may colour a 2010 investment landscape where asset managers will likely differentiate more between risks rather than embracing them indiscriminately.
Iran said on Tuesday it intended to take unspecified legal action over an IAEA rebuke of its nuclear activities and would provide Iranians with enough gasoline in order to trump any further U.N. sanctions.
Investors Await Retail Results; Dubai Fears Wane; New Ponzi Scam Arrests
U.S. stocks were poised for a higher open on Tuesday as concerns over Dubai's debt problems eased and solid manufacturing data from China boosted sentiment as investors awaited a host of U.S. economic reports.
U.S. stocks were poised for a higher open on Tuesday as concerns over Dubai's debt problems eased and solid manufacturing data from China boosted sentiment as investors awaited a host of U.S. economic reports.
U.S. stocks were poised for a higher open on Tuesday as concerns over Dubai's debt problems eased and solid manufacturing data from China boosted sentiment as investors awaited a host of U.S. economic reports.
