Category: Economy

BEIJING – Tesco PLC, the world’s third-largest grocery chain by sales, on Monday signed a strategic cooperative agreement with Gome Electrical Appliances Holdings Ltd. The move signals a further step in the UK retailer’s development…

BEIJING – The funds raised in initial public offerings (IPOs) on China’s capital market may reach 400 billion yuan ($61.9 billion) this year, down 16 percent from 2010 because of economic uncertainties both at home…

Melbourne, Australia/SHANGHAI – Treasury Wine Estates Ltd rose by a record in Sydney trading as two people familiar with the matter said China’s Bright Food Group Co is considering making an offer for the world’s…

BEIJING – Dead seaweed and rotting fish in the water around Nanhuangcheng Island in Shandong province, which is close to the site of a recent oil leak, suggest the local waters were polluted by the…

Participants at a recent Asian industrial cooperation meeting in Kunming, Yunnan province, decided that increased cooperation between Chinese companies and those of Association of Southeast Asian (ASEAN) member countries is the future. The delegates at…

While Yunnan province gets itself ready to be the business and trade gateway to South and Southeast Asian countries, its capital, Kunming, expects to play a major role as a hub for all that activity,…

BEIJING – Chinese search giant Baidu Inc. will use Microsoft’s Bing for some English-language results as the software giant tries to expand its small share of China’s search market. China has the world’s biggest population of…

Lenovo Group, China’s largest PC maker, announced Monday the launch of a joint venture with Japanese PC maker NEC Corp. Lenovo hopes to gain a firm foothold in the Japanese market.  The new JV, called…