China ordered state-owned banks to limit lending as it moves to control inflation and prevent a credit bubble.
The Chinese government told the six largest state-owned banks to increase their reserves to 17.5% of deposits from 17%, The Associated Pres…
CNOOC, China’s top offshore oil producer, plans to buy buy one-third of Chesapeake Energy’s oil and natural gas acreage in the Eagle Ford Shale project in South Texas for $1.08 billion in cash. The companies believe the deal wi…
Luxury carmakers BMW and Mercedes-Benz forecast vigorous fourth quarter sales on growing demand from China.
BMW said it expects a “double-digit” percentage rise in fourth quarter deliveries, Bloomberg News said. Mercedes said it was “very confident” about continuing growth in the final three months of 2010.
“We expect sales to increase particularly rapidly in Asia, especially in…
Continue reading Luxury Carmakers Predict Strong Fourth Quarter
Luxury Carmakers Predict Strong Fourth Quarter originally appeared on DailyFinance on Fri, 08 Oct 2010 07:15:00.
Filed Under: Company News, Technology, Autos, Retail
Global pharmaceutical sales are expected to grow by 5% to 7% in 2011, thanks to robust growth in emerging markets, especially China, as well as new innovative treatments, and despite patent expirations and budget pressures in t…
Sinochem Group may be unable to bid for Potash Corp. (POT), as the Chinese company is struggling to get state backing for the move.
The Chinese government has said it would prefer that the bid not be financed by credit from state banks, Bloomberg New…