Profits of China's major industrial firms fell 1.4 percent year on year in November, narrowing from a 4.6-percent decline posted in October, the National Bureau of Statistics (NBS) said on Sunday. Profits at industrial companies with ...
Tags: Industrial Profit, Decline
China's economic growth is expected to be unchanged in the fourth quarter of this year, but an improvement is still distant due to property weakness and excess capacity, according to the latest report from UBS. The Swiss banking group ...
By combing its solar panel business and energy storage sector, BYD delivered a truly zero-emission ecosystem to the world in 2011. Today, BYD makes itself one of the world’s leading EV manufacturers as it topped No.1 by selling most ...
Tags: BYD, EVs, Electric Buses, Battery
Customs staff in Shanghai have seized more than 80,000 pieces of smuggled mink fur and detained 13 suspects. The fur was packed in 671 boxes of fiber, customs said on Thursday. The suspects confessed that they had illegally transport ...
China hopes the visit of Nepalese Deputy Prime Minister Thapa would cement China-Nepal comprehensive cooperative partnership, said a Chinese Foreign Ministry spokesperson here on Thursday. Thapa, also Nepalese foreign minister, is on an ...
Shen Hao, former president of 21st Century Media Co. Ltd., was sentenced to four years in prison on Thursday for blackmailing companies by threatening negative coverage. Shen was convicted of extortion and forced transactions, among other ...
China's industrial output is likely to grow around 6 percent in the coming year. The Ministry of Industry and Information Technology also predicted the same pace for the current year. Meanwhile, the ministry also said the number of 4G ...
Tags: Industrial Output
UK-based drinks company Diageo has completed the sale of Jamaican lager Red Stripe to Heineken for $780.5m. The deal, which was announced in October, entails Diageo offloading its brewing companies in Jamaica, Malaysia and Singapore, to ...
Tags: Diageo, Jamaican lager Red Stripe, Food
UK-based dairy processing company Dairy Crest has acquired the remaining 50% shares in Promovita Ingredients Limited held by Fayrefield Foods Limited for £6m cash. Promovita was established as 50:50 joint venture between Dairy Crest ...
Tags: Dairy Crest, Promovita, Agriculture
China's real estate sector showed signs of warming in November as new home prices rose on a monthly basis in an increasing number of cities, buoyed by government policies. Of 70 large and medium-sized cities surveyed in November, new home ...
China might introduce more easing policies in 2016 to consume unsold home inventories, a report by the Bank of Communications said, despite data from Friday showing signs of a warming market. The government could further lower the minimum ...
A top Chinese executive involved in a big investment scandal has been reported missing. Shan Jiuliang, the chairman of Hong Kong-listed Imagi International Holdings, was last spotted at a board meeting in mid-October. According to a ...
Tags: Chinese executive, missing, Shan Jiuliang
Australian ASX-listed fast food chain Domino’s Pizza has announced it is acquiring Germany’s largest pizza chain Joey’s Pizza. Following the October purchase of Western French chain Pizza Sprint, increasing the presence ...
Tags: Domino's Pizza, Joey's Pizza, Food
Having learned advanced heavy-duty truck manufacturing technology from Germany, America and China, Foton Daimler Automotive broke through the emission standards of vehicles, ranked the first in the emission escalation of heavy-duty truck ...
Tags: Auman, heavy-duty trucks, Transportation
Mills Fleet Farm is in talks to be acquired by buyout firm KKR & Co., according to a Reuters report. With 35 locations in Minnesota, Wisconsin, Iowa and North Dakota, the company's mix includes hunting, fishing and sporting goods products. ...
Tags: KKR Co, private equity firms, Sporting Goods