05/18/2024 04:42:32 pm
05/18/2024 04:42:32 pm
S. Rina | Oct 11, 2016 08:34 PM EDT
China's Sanan Optoelectronics Co. conducted preliminary talks with Osram Licht AG regarding a possible takeover or cooperation. read more
S. Rina | Oct 11, 2016 07:54 PM EDT
China announced a new plan for tackling the problem of its growing corporate debt pile. The proposed bad-loan relief program lets banks swap their non-performing loans for equity in the debtor companies. The guidelines of which were released on Monday and are applicable only to high quality companies facing short-term difficulties. read more
S. Rina | Oct 11, 2016 02:42 PM EDT
Chinese state-backed private equity firm CSC Group has inked a multimillion deal with British startup incubator Founders Factory. The collaboration will see both firms hiring 60 people and investing in five early-stage AI startups. It also plans to launch two new companies every year. CSC Capital is the third largest private equity fund in China. read more
Phenny Lynn Palec | Oct 11, 2016 11:20 AM EDT
American auto manufacturer GMC has unveiled the new All Terrain X version of its popular Sierra heavy-duty pickup truck. The new GMC Sierra HD All Terrain X is the company's newest entry into the off-road truck market. read more
Charissa Echavez | Oct 11, 2016 12:35 AM EDT
Sales of Ford Motor's luxury brand Lincoln nearly tripled in China to 8,546 units in the third quarter, the company posted on Monday. read more
Ellie Froilan | Oct 11, 2016 07:43 AM EDT
Banking giant Union Bank of Switzerland (UBS) did not proceed with the $4.4 billion deal with Dalian Wanda Commercial Properties. read more
S. Rina | Oct 10, 2016 08:32 PM EDT
Chinese developer Shanghai CRED joined hands with Australia's richest woman Gina Rinehart to jointly acquire S. Kidman and Co, the largest private land holding in Australia. read more
Desiree Sison | Oct 10, 2016 07:34 AM EDT
China would resume fruit shipments from the Philippines as a "gift" ahead of Philippine President Rodrigo Duterte's first official state visit to China later this month. read more
Ellie Froilan | Oct 10, 2016 06:24 AM EDT
Wal-Mart has increased its investment in China's JD.com, boosting its stake in the Chinese e-commerce giant. read more
S. Rina | Oct 09, 2016 09:33 PM EDT
Chinese billionaire Jack Ma's Alibaba Pictures has inked a deal with Steven Spielberg's film company Amblin as they collaborate for film production and distribution. read more
Som Patidar | Oct 09, 2016 08:38 AM EDT
A senior official from China's commerce ministry slammed the European Union on Saturday for its decision to levy anti-dumping duties on two Chinese steel products. read more
Desiree Sison | Oct 09, 2016 07:18 AM EDT
The Philippine government is seeking Chinese investment to fund its infrastructure projects. Political analysts say this is a sign that Manila is determined to develop closer ties with Beijing after years of bitter conflict over territorial claims in the South China Sea. read more
S. Rina | Oct 09, 2016 01:56 AM EDT
Netflix Inc. is apprehensive about its success potential in the Chinese market. read more
Girish Shetti | Oct 08, 2016 08:50 PM EDT
China Everbright Ltd or CEL, a Hong Kong-based investment firm, has fully acquired Alibina's Tirana International Airport (TIA). The airport is the only international airport in Alibina. read more
S. Rina | Oct 08, 2016 02:11 AM EDT
With China being one of the most important markets for airlines, the so-called no-frills aviation company, Nok Air, is looking to gain a foothold in the booming Chinese market. read more
Due to the coronavirus, people around the world have canceled their travel plans. Governments and health officials have warned the public to avoid boarding cruise ships and long flights. read more
