China
Grab raises $750 million to take on Uber in Southeast Asia
SINGAPORE Grab, the biggest rival to ride-sharing service Uber Technologies Inc [UBER.UL] in Southeast Asia, has raised $750 million in a funding round, turning up the heat on the U.S. firm now seeking to expand in the region after exiting China.
China nuclear developers must seek public consent: draft rules
SHANGHAI China's nuclear developers must seek the consent of local stakeholders before going ahead with new projects, according to draft rules published by the country's cabinet on Monday.
China's Bright Food approved to buy stake in NZ's largest meat processor
WELLINGTON New Zealand approved on Tuesday the sale of a 50 percent stake in the country's largest meat processor Silver Fern Farms to a unit of China's Bright Food Group [SHMNGA.UL], enhancing the South Island-based company's access into the Chinese market.
China Baosteel's takeover of Wuhan to create world's No. 2 steelmaker
SHANGHAI/HONG KONG China's Baosteel Iron and Steel will acquire its smaller debt-laden rival, Wuhan Iron and Steel, in a deal that will create the world's second-largest steel producer as part of Beijing's push to overhaul the stricken industry.
Lufthansa, Air China sign route joint venture deal
BEIJING Lufthansa has signed a route sharing deal with China's flagship carrier Air China , capping off two years of talks that will boost Germany's biggest airline's access to the world's fastest growing aviation market.
Postal Savings Bank of China set to price Hong Kong IPO near low end: IFR
HONG KONG State-owned Postal Savings Bank of China (PSBC) is set to price its Hong Kong initial public offering near the bottom of expectations on tepid demand - although at around $7.6 billion, the deal is still set to be the world's largest in two years.
Court in China declares state-run metals firm bankrupt
SHANGHAI A court in southern China has formally declared bankrupt Guangxi Nonferrous Metals Group Co Ltd, an unlisted state-run metals producer that defaulted on a bond in February and missed a payment in April.
U.S. and China target Chinese firm suspected of North Korean nuclear link: WSJ
The United States and China are targeting the finances of Hongxiang Industrial, a Chinese company headed by a Communist Party cadre which the Obama administration thinks has a role in assisting North Korea's nuclear program, the Wall Street Journal reported on Monday.
Curacao inks deal with China firm to run Isla refinery
ORANJESTAD, Aruba The government of Curacao has signed a preliminary agreement with China's Guangdong Zhenrong Energy to operate the aging Isla refinery and invest some $10 billion in upgrading the facility, according to an agreement made public on Monday.
China pledges additional $100 million humanitarian aid for refugees
UNITED NATIONS China plans to provide an additional $100 million in assistance to help deal with the global refugee and migrant crisis and is also considering setting aside a $1 billion fund for the purpose, Chinese Premier Li Keqiang said on Monday.