The Chinese government, struggling to contain the fallout from a scandal over contaminated milk and eggs, announced a wide range of food safety measures on Thursday aimed at reining in abuses in the dairy industry.
The State Council, China’s cabinet, issued several new rules it says will govern all aspects of the industry, from cow breeding [...]
Ericsson AB and ZTE Corp. are among phone-equipment makers that will be buffered against the global recession next year by expansion of wireless networks in India and China, according to industry executives.
“Every industry in the world is cutting, but here is one where you are seeing the commitment to see the spending continue,” said Craig [...]
Copper fell by the exchange-imposed daily limit in Shanghai and headed for the largest weekly decline in a month as a global recession erodes demand for raw materials. The metal in London fell to the lowest in more than three years.
Crude oil plunged below $50 a barrel, sending the Reuters/Jefferies CRB Index of 19 raw [...]
China may buy at least 10 million metric tons of corn from local farmers to revive prices and boost rural incomes, two executives at state-owned companies said.
The purchases would double earlier plans to buy 5 million tons, said the executives, who declined to be identified as state reserve actions are considered secret. The corn would [...]
Investment firm ARC Capital Holdings Ltd ARCHu.L reported a 6 percent slip in full year pre-tax profit on Friday, but said its investments would benefit from resilient domestic growth in China.
ARC, which invests in China and neighbouring Asian countries, posted a full year pre-tax profit of $38.3 million, down 6 percent from the same period [...]
Private equity fund manager Gaw Capital Partners plans to raise up to $1.5 billion to buy property in China over the next two years to take advantage of a slump in prices.
Chairman and co-founder Goodwin Gaw said he wanted to launch a new fund soon but details have not been settled.
“2007 was a tough year, [...]
