BUSINESS >> Companies

S.Korea's CJ Logistics opens up Iron Silk Road linking Asia, Europe

CJ Logistics has opened up a multimodal transport service, called Iron Silk Road, to link Asia to Europe through the Trans-China Railway (TCR) for door-to-door delivery services, the South Korean logistics company said Wednesday.
Source: Xinhua | 2018/5/9 16:33:25

Dugald River zinc mine in Australia begins commercial production

China Minmetals Corporation (CMC), the country's largest metals and minerals group, announced Wednesday that its Dugald River zinc mine project in Australia had started commercial production from May 1.
Source: Xinhua | 2018/5/9 16:20:30

India's largest car maker recalls over 52,000 vehicles to fix brakes

India's largest car maker Maruti Suzuki has recalled over 52,000 vehicles to fix faulty brakes.
Source: Xinhua | 2018/5/9 15:42:13

US Treasury's Mnuchin: Revoking Boeing, Airbus licenses to sell jets to Iran

Licenses for Boeing Co and Airbus to sell passenger jets to Iran will be revoked, US Treasury Secretary Steven Mnuchin said on Tuesday after President Donald Trump pulled the US out of the 2015 Iran nuclear agreement.
Source: CGTN | 2018/5/9 15:30:54

Nomura seeks a 51% stake in its newly proposed securities business in China

Nomura Holdings Inc, Japan's biggest brokerage and investment bank, applied to set up a joint venture (JV) brokerage in China on Tuesday, in which it is seeking a 51 percent stake.
Source: Global Times | 2018/5/9 12:13:40

Olympus closes down Shenzhen factory to focus on Vietnamese production amid domestic market pressure

Japanese camera-maker Olympus Corp on Monday announced that it will shut down its factory in Shenzhen, South China's Guangdong Province, due to low productivity and a weakened competitive competence in the market, media reports said.
Source: Global Times | 2018/5/9 12:13:39

Microchip, Microsemi deal

Microchip Technology Inc said on Monday it cannot confirm media reports that the Chinese government has approved its $8.35 billion bid to buy Microsemi Corp.
Source: Reuters-Xinhua | 2018/5/8 22:33:44

Luye Pharma's UK assets

Luye Pharma Group, based in East China's Shandong Province, said on Monday that it had agreed to purchase the rights to Seroquel schizophrenia and bipolar disorder treatment products from UK-based multinational pharmaceutical company Astra Zeneca Plc.
Source: Reuters-Global Times | 2018/5/8 22:28:40

Alibaba buys Pakistan site

Alibaba Group has taken over Rocket Internet's South Asian e-commerce platform Daraz Group, Rocket Internet said on Tuesday.
Source: Reuters-Global Times | 2018/5/8 22:28:40

Domestic rocket start-up set for launch

Domestic space company One Space Technology Co said on Tuesday that it is set to launch its first commercial rocket on May 17, marking a significant step for the start-up's ambition to meet some of the rising global demand for commercial rockets.
Source: Global Times | 2018/5/8 22:28:39

Jordan's king receives Alibaba founder Jack Ma

King Abdullah II of Jordan on Monday received Jack Ma, founder and chairman of China's e-commerce giant Alibaba Group, the state-run Petra News Agency reported.
Source: Xinhua | 2018/5/8 9:15:28

Geely head hikes stake

Li Shufu, chairman of Chinese automaker Zhejiang Geely Holding Group, acquired shares in the group's Hong Kong-listed arm Geely Auto worth HK$433 million ($55.16 million), according to media reports on Monday.
Source: Xinhua-Global Times | 2018/5/7 22:03:41

WuXi's investment in Ireland

Chinese biopharmaceutical company WuXi Biologics has announced a plan to invest millions of dollars in a manufacturing facility in Ireland over the next five years, according to media reports in Ireland.
Source: Reuters-Global Times | 2018/5/7 22:03:40

Bid for Australian cancer unit

Australian cancer specialist Sirtex announced on Friday it had received a A$1.9 billion ($1.4 billion) non-binding takeover bid from Chinese private equity firm CDH Investments, trumping an agreed deal with US suitor Varian Medical Systems.
Source: Reuters-Global Times | 2018/5/7 22:03:40

CREC considers offering debt-for-equity swaps

Construction giant China Railway Group (CREC) is considering exchanging debt for equity in some of its subsidiaries.
Source: Xinhua | 2018/5/7 22:03:39

Ping An Good Doctor shares dip up to 11%

Ping An Healthcare and Technology Co shares tumbled as much as 11 percent on their second day of trading on Monday as investors worried about the high valuations for the loss-making company that held Hong Kong's largest new listing so far in 2018.
Source: Reuters | 2018/5/7 21:58:40

Malaysian automobile firm to invest 127 mln USD in automotive hub

Malaysian automobile company Tan Chong Motor will invest 500 million ringgit (126.81 million US dollars) to develop an automotive hub in the northern Perak state, according to its statement released on Monday.
Source: Xinhua | 2018/5/7 15:24:40

Chinese construction SOE CREC mulls debt-for-equity swap

Chinese construction giant China Railway Group Limited (CREC) is considering exchanging debt for equity in some of its subsidiaries.
Source: Xinhua | 2018/5/7 13:35:41