Singapore-listed China Aviation Oil (Singapore) Corp (CAO), the largest aviation oil supplier in China, plans to add two traders to its team of six to cope with next year's expected boom in the jet fuel business, said CEO Meng Fanqiu, Reuters reported on Tuesday....
SunGard Data Systems Inc plans to invest more in China, seeking business opportunities for its risk management products in financial institutions across the country, the Shanghai Daily reported. The company viewed the investment in China as a long-term move and sees the market as an important one....
Japanese electronics and media giant Sony plans to expand its Blue-ray business in China by releasing a total of 100 Blue-ray film titles this year, compared with the existing 60 film titles available in the Chinese market, the Shanghai Daily reported. However, the company also said yesterday that it would not slash prices...
General Motors Corp (GM) on Monday said that its businesses in China will not be affected by its U.S. bankruptcy filing and that its business strategy in the country remains unchanged, the Shanghai Daily reported.GM yesterday filed for bankruptcy, becoming the third largest company in U.S. history to do so...
British-based retail chain Tesco Corp is speeding up its expansion in China this year despite the global economic recession.Zhuang Nanbin, vice president of Tesco (China), yesterday revealed that the company has signed over ten commercial projects in China, four of which will open for business before 2011....
Bank of China (BOC)<601988><3988>, the world's third largest bank by market value, will establish its first branch in Brazil in two or three months, the China Daily reported on Thursday. BOC said that it is willing to carry out business in accordance with the agreed policy after the two countries' central banks reach...
Jin Air Co, an affiliate of Korean Air offering budget service, will begin offering international flights in October, starting with flights to China and Thailand, the Shanghai Daily reported on Tuesday.The move is part of Korean Air's efforts to expand its business in China, despite gloomy forecasts for the global aviation...
China Unicom (Hong Kong) Ltd<600050><0762><CHU>, the country's second largest telecom operator, said on Sunday that it will become a member of the Open Handset Alliance (OHA), a business alliance established by Google Inc, thus becoming its 48th member, sources reported.After joining the OHA, China...
Nomura Holdings Inc, the biggest brokerage in Japan, is likely to establish a securities joint venture in China, sources reported on Tuesday, citing Yang Zhizhong, chief executive and chairman of its Chinese unit as saying. Nomura, which hopes to expand its business in China, will probably choose Shanghai as...
China Steel Sumikin Vietnam Joint Stock Company, a joint venture (JV) of China Steel Corp (CSC) and Japan's Sumitomo Metal Industries (SMI), finally obtained the approval from the Vietnam government to start business operations in the country, sources reported.The establishment of the JV was delayed due to...