Qu Jianguo, unable to borrow from banks to fund his small water treatment business, is hoping a Nasdaq-style second board in China, due for launch this fall, will help fill a hole in his country's financial system.
Three private equity firms have agreed to buy a combined about 10 percent stake of a flagship unit of China UnionPay, as the country's monopoly card payments service provider aims to go public next year, sources with direct knowledge of the deal said on Friday.
China's Beijing Auto said intellectual property issues were behind its failure to reach a deal with General Motors [GM.UL] over its Opel unit.
Germany called a French idea to slap carbon tariffs on products from countries that are not trying to cut greenhouse gases a form of eco-imperialism and a direct violation of WTO rules.
China could take a stake in a $3.3 billion port and rail infrastructure project in Western Australia's Mid-West iron ore belt, one of the firms involved in the project said on Friday.
Western nations fret that China is engaged in a grand strategy as it snaps up natural resource assets around the world -- that it is seeking to control the supply of raw materials and dominate manufacturing processes. But could this be a misreading of its motives?
Billionaire Bill Gates on Friday urged India to move away from low-cost labor toward high-end research and development to keep its giant IT sector competitive.
De Beers, the world's top diamond producer, said demand should pick up in the second half meaning it will not need more shareholder loans, when reporting tough markets had all but wiped out first-half profit.
Billionaire Bill Gates on Friday urged India to move away from low-cost labor toward high-end research and development to keep its giant IT sector competitive.
China's Beijing Auto said intellectual property issues were behind its failure to reach an deal with General Motors over its Opel unit.
Asian stocks hit a fresh 10-month peak on Friday, with Hong Kong vaulting back to levels last seen before the collapse of Lehman Brothers as investors rushed into equities following upbeat corporate earnings around the world.
Chinese Internet search leader Baidu Inc expects sales to grow faster than market forecasts in the third quarter, helped by rising customer acceptance of its new advertising system.
Asian stocks hit a 10-month peak on Friday, with Hong Kong vaulting back to levels last seen before the collapse of Lehman Brothers as investors rushed into equities following upbeat corporate earnings around the world.
Emerging nations deserve more weight in global financial institutions for the world to climb out of its current crisis, Chinese Foreign Minister Yang Jiechi said during the annual ASEAN summit in Thailand, with the presence of United States and Japan.
The Internet in China needs to be administered by additional laws because what was once a virtual world is now a substantial part of the real one, ChinaDaily reported on Thursday citing a senior government official.
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.
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.
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.
President Barack Obama plunged his presidency into a charged racial debate and set off a firestorm in one of America's most liberal bastions by siding with a black Harvard scholar who accuses police of racism.
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.
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.
