New Oriental Education posts $26.9m Q2 loss
2013-01-30 16:47:09
New Oriental Education & Technology Group Inc posted on Tuesday a second-quarter loss of $26.9 million, compared to a $3.2 million loss in the same period.
Anheuser-Busch InBev to buy Jiangxi beer maker
2013-01-30 16:04:53
Anheuser-Busch InBev will acquire Chinese Nanchang Asia Brewery Co Ltd, a leading brewery in Jiangxi province.
Honeywell, AVIC to jointly oversee engine programs
2013-01-30 16:04:30
Honeywell Aerospace signed a cooperation agreement with AVIC Aviation Engine Holding Co Ltd to work on engine-developing projects for the Chinese general and business aviation industry.
Baotou Steel's rare earths profit to drop 50%
2013-01-30 15:27:22
Baotou Steel Rare-Earths (Group) Hi-Tech Co's net profit in 2012 is expected to decline about 50 to 60 percent.
Indian airline to launch Guangzhou-New Denlhi flight
2013-01-30 15:26:24
SpiceJet, an Indian low-cost airline, said on Tuesday it will launch flights between Guangzhou, capital of Guangdong province, and New Delhi, on Feb 9.
US OKs Wanxiang's $257m purchase
2013-01-30 12:09:13
A US government panel has approved the purchase by China's biggest auto parts maker, Wanxiang Group, of nearly all the assets of bankrupt A123 Systems Inc.
Nokia plans to focus on China
2013-01-30 10:44:32
Nokia Oyj plans to invest $250 million in a fund that will invest in mobile communications companies worldwide, with an increased focus on China.
Chinese firms need to be seen as more 'trustworthy'
2013-01-30 09:47:01
An international survey has found that Chinese companies are less trusted than companies headquartered in other nations.
Air China launches Beijing-Geneva nonstop service
2013-01-30 09:43:22
Air China has announced it will offer nonstop flights between Beijing and Geneva four times a week from May 7 this year.
DHgate enters Vietnam's B2B market
2013-01-30 09:38:32
DHgate.com, the business-to-business e-commerce website, has linked up with a Vietnamese partner to help local companies from there export overseas.
Chinese auto parts maker approved to buy US firm
2013-01-30 06:49:38
Authorities with Wanxiang, a Chinese auto parts maker, on Tuesday confirmed that they had won approval from the US government to proceed with its bid to purchase a bankrupt electric car battery maker.
Gome issues profit warning, forecasting 2012 net loss
2013-01-29 17:37:49
Hong Kong-traded Gome Electrical Appliances Holding Ltd, China's leading electronics chain retailer by revenue, issued a profit warning on Monday.