Business

Lenovo Aims to Double Sales, Eyes Top Spot in India's Smartphone Market

Charissa Echavez   | Oct 04, 2016 10:51 PM EDT

China's smartphone maker Lenovo said on Tuesday it is targeting not only to double its sales but also to land on the top spot in India's smartphone market with its Lenovo and Motorola brands. read more

China's COSCO Targets to Double Piraeus' Cruise Passengers

Charissa Echavez   | Oct 04, 2016 10:35 AM EDT

China's COSCO Shipping Corporation Limited targets to more than double the number of its cruise passengers by extending facilities to cater bigger ships in Greece's port Piraeus, its chairman said on Monday. read more

China's RIFA Makes $148M Takeover Bid for Aviation Firm Airwork Holdings

Charissa Echavez   | Oct 04, 2016 10:01 AM EDT

Chinese company Zhejiang Rifa Holding Group (RIFA) has agreed to acquire majority control of New Zealand's specialist aviation firm Airwork Holdings Limited. read more

Pacific Aerospace to Open P-750 XSTOL Assembly Base in China

Charissa Echavez   | Oct 04, 2016 07:30 AM EDT

New Zealand's Pacific Aerospace is set to open an assembly line for its P-750 XSTOL single-engine turbopop in Changzhou, China, Flight Global reported. read more

Renault Nissan to Use Chennai R&D Center to Develop Electric Cars for China: CEO

Charissa Echavez   | Oct 04, 2016 07:00 AM EDT

Renault Nissan will use its research and development center in Chennai, India, to develop affordable electric cars for China, its CEO Carlos Ghosn said. read more

Shanghai Stock Exchange Interested in Buying stake in Pakistani Stock Market: Report

Girish Shetti   | Oct 03, 2016 02:28 PM EDT

Pakistan Stock Exchange Limited was formed in January 2016, after the incorporation of Karachi Stock Exchange, Lahore Stock Exchange, and Islamabad Stock Exchange. read more

Aircraft Lessor BOC Aviation to Acquire 5 Planes from Air China in Lease-back Deal

Girish Shetti   | Oct 04, 2016 01:48 AM EDT

World's largest aircraft lessor BOC Aviation announced on Monday its lease-back deal with Air China. read more

China Evergrande's Unit to Acquire Controlling Stake of Shenzhen Real Estate

Charissa Echavez   | Oct 03, 2016 11:03 AM EDT

China's Evergrande Group said one of its units will acquire a controlling stake in developer Shenzhen Special Economic Zone Real Estate & Properties by swapping assets. read more

China's Hainan Airlines to Launch Direct Flight Service to Auckland in New Year

Charissa Echavez   | Oct 03, 2016 07:30 AM EDT

China's Hainan Airlines is set to launch direct flights between Shenzhen and Auckland on Dec. 31, Auckland Airport announced on Monday. read more

China's Bike-Sharing Apps Mobike, oFo Secure $200M Investment: Report

Charissa Echavez   | Oct 02, 2016 11:03 PM EDT

China's two biggest bike-share startups, Mobike and oFo, have separately raised large investments for further expansion. read more

Glaxo to Pay $20M to Settle SEC Bribery Charges in China

Charissa Echavez   | Oct 02, 2016 09:57 PM EDT

GlaxoSmithKline PLC (GSK) has agreed to pay $20 million to settle civil charges allegations that it bribed foreign officials in China to boost medicine sales, the United States regulator revealed on Friday. read more

Yuan Gets Global Monetary Status, Joins Reserve-Currencies Club

Rina S.   | Oct 01, 2016 08:42 AM EDT

China's Yuan has been added to the elite Reserve Currencies club at the International Monetary Fund (IMF). read more

India Will Deploy Rafale Fighter Jets in China, Pakistan Border Region

Girish Shetti   | Sep 30, 2016 04:59 PM EDT

China's state-owned tabloid Global Times has warned that India will deploy its newly-acquired Rafale fighter jet aircraft at to its border regions with Pakistan and China. The warning comes just as New Delhi launched a surgical attack across the border to dismantle suspected terrorist camps in Pakistan. read more

China Caixin Manufacturing PMI Shows Marginal Increase in September

S. Rina   | Sep 30, 2016 12:49 PM EDT

The Markit/Caixin Manufacturing Purchasing Managers' Index for the month of September stood at 50.1, up from the reading of 50 for the month of August. read more

Dalian Wanda Fires Executive Involved in Bribery

Charissa Echavez   | Sep 30, 2016 07:30 AM EDT

Dalian Wanda Group, owned by China's richest man Wang Jianlin, said on Thursday it fired an executive who bribed a local Chinese official eight years ago in a bid to shift from state ownership into the private company it is today. read more

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