China

Western consumers are buying fewer luxury goods, and demand for cashmere has plunged, The New York Times reported. The painful effects of this are being felt all the way to these nearly empty plateaus of Inner Mongolia, by goatherds and factory worke ...

Daily Headline - global.abi.org - 06/22/2009 - 09:02 - 0 comments

Beijing is diversifying its overseas investments and pressing U.S. officials for an "exit strategy" from the ultra-loose fiscal and monetary policies that China fears will eventually inflate away the value of its U.S. bond holdings and fell the ...

Daily Headline - global.abi.org - 06/15/2009 - 09:28 - 0 comments

The head of the IMF questioned on Monday any debate about when to roll back stimulus spending, saying the world economy had yet to weather the worst of a recession that claimed a record number of European jobs. The 16-country euro zone lost a record 1.22 ...

Daily Headline - global.abi.org - 06/15/2009 - 09:27 - 0 comments

OZ Minerals Ltd. shareholders Thursday approved the sale of US$1.39 billion of assets to China Minmetals Non-ferrous Metals Co. with the transaction now set to be completed within a week, The Wall Street Journal reported. Minmetals increased its offe ...

Daily Headline - global.abi.org - 06/11/2009 - 08:46 - 0 comments

Beijing Automotive Industry Holding has expressed interest in acquiring Volvo, becoming the second Chinese company to eye the Swedish unit of Ford Motor Co., according to three people familiar with the situation, The Wall Street Journal reported. A t ...

Daily Headline - global.abi.org - 06/11/2009 - 08:46 - 0 comments

Chinese state media have confirmed plans to merge China Eastern Airlines and Shanghai Airlines, creating an aviation company with a dominant position in domestic hub Shanghai, Agence France-Presse reported. “Starting June 8, China Eastern and Shanghai Ai ...

Daily Headline - global.abi.org - 06/09/2009 - 09:07 - 0 comments

Italian automaker Fiat SpA is still interested in Germany's Opel despite losing a bid to take over the General Motors Corp unit, Chief Executive Sergio Marchionne said on Friday, Reuters reported. Fiat lost out last week to Canadian car parts maker ...

Daily Headline - global.abi.org - 06/05/2009 - 07:50 - 0 comments

The Chinese government’s largest investment ever in a Western company, a proposed $19.5 billion stake in the Australian-British mining giant Rio Tinto Group, collapsed early Friday, dealing a blow both to China’s global corporate ambitions and to its eff ...

Daily Headline - global.abi.org - 06/05/2009 - 07:48 - 0 comments

The Chinese bidder for Hummer says it plans to give the gas-guzzling vehicles new life by promoting the brand around the world, including China, and by investing in clean-engine technologies. However, little in the short history of Sichuan Tengzhong Heav ...

Daily Headline - global.abi.org - 06/04/2009 - 10:48 - 0 comments

General Motors Corp. may continue growing in China, its second-largest market, as ties with the city of Shanghai ease local drivers’ concerns about the automaker’s collapse into bankruptcy, Bloomberg reported. “In times of duress, it’s nice to have a 50- ...

Daily Headline - global.abi.org - 06/01/2009 - 08:25 - 0 comments