China will research into policies that will allow domestic listing of overseas firms, in efforts to secure stable foreign direct investment, Jian Chen, Vice Minister of Commerce, said on Thursday.
Rio Tinto said the British leg of its $15.2 billion rights issue had been successfully completed, putting the world's top iron ore miner back in growth mode after slashing its debt.
North Korea test-fired four short-range missiles on Thursday, further stoking tension in the region that was already high due to Pyongyang's nuclear test and threats to boost its nuclear arsenal in response to UN sanctions.
China's state-run carmaker Beijing Automotive Industry Holding Co is preparing to make an offer for General Motors' Opel unit in the coming days, a source told Reuters, but the Russian partner of bid frontrunner Magna said the race was all but over.
The Chinese government has hired three banks to handle the public listing of a railway holding company, a source familiar with the matter said on Thursday, in an IPO that could be worth around $5 billion.
China National Petroleum Corp. (CNPC), the country's largest oil company, plans to revive a $17 billion bid for the Argentinian unit of Spanish oil major Repsol-YPF, the South China Morning Post reported on Thursday, citing sources.
It is only a matter of time before a controversial scheme to install Internet filtering software on all computers begins in China, a state newspaper said on Thursday, after the plan was abruptly delayed this week.
Rio Tinto Ltd sold virtually all of the UK part of its $15.2 billion rights offer, the world's fifth-biggest, easing its huge debt burden and putting the world's top iron ore miner back in growth mode.
Oil prices were little changed just above $69 a barrel on Thursday, after falling in the previous session on data showing a larger-than-expected increase in U.S. gasoline stocks, which dented hopes of a demand recovery.
Stocks in Hong Kong and Taiwan rose on Thursday, bolstered by bets China's recovery will continue, while the U.S. dollar recovered from a three-week low against the euro ahead of the latest U.S. labor market report.
Asian stocks were largely unchanged on Thursday ahead of the latest U.S. payrolls report, while the U.S. dollar remained near a three-week low against the euro, sensitive to lingering doubts about its reserve status.
Rio Tinto Ltd's $15.2 billion rights offer, the fifth-biggest on record, generated strong demand from UK investors, putting the world's top iron ore miner back into growth mode after a debt-funded purchase of Alcan had brought it to its knees.
Layoffs for the month of June exceeded the expectations, China on Tuesday delayed implementation of a controversial rule that requires all manufacturers to install Internet filtering software, California state resorts to issuing IOU's after the governor and lawmakers failed to reach a budget agreement.
It was a strategic move to announce the discovery of a three-billion-ton iron ore deposit in Liaoning province, said an analyst who preferred not to be named, to help Chinese negotiators gain a bigger say at this year's iron ore price negotiations.
Xinhua, China's state news agency, said on Wednesday it had launched a trial run for an international English-language television news service as part of a drive to boost the country's image and global media influence.
The Chinese government has backed away from mandating filtering software on all personal computers in China, in a move that averts a dangerous escalation in its censorship powers.
Chinese steel mills offered their first meaningful compromise on iron ore prices on Wednesday, scrambling to salvage annual supply deals with global miners who kept silent one day after a deadline to agree terms.
Stocks rose on Wednesday, the start of the third quarter, as reassuring manufacturing data from China, Europe and the United States reinforced hopes that the world's economy is on the road to recovery.
India unexpectedly raised gasoline and diesel prices by as much as 10 percent on Wednesday, its first increase this year, passing some of oil's rally into an economy just beginning to find its feet amid a global recession.
China's sensor software rule delayed', not confirmed for how long - Facing strong resistance at home and abroad, China on Tuesday delayed implementation of a controversial rule that requires all manufacturers to install Internet filtering software on all new computers that are shipped and sold in China.
U.S. manufacturing mustered its highest level of activity in nearly a year in June but surprising weakness in private sector employment signaled how feeble an economic recovery might be, reports released on Wednesday showed.
Stocks rose on Wednesday, the start of the third quarter, as reassuring manufacturing data from China, Europe and the United States reinforced hopes that the world's economy is on the road to recovery.
