GM Reports 4.3 Billion Net Loss for 2009
GM posted a net loss of 4.3 billion dollars on Wednesday from July to December in its first profit report since exiting bankruptcy.
U.S. Government to Seek Record Fine Against Toyota
The U.S. government said on Monday that it will seek as much as 16.375 million dollars of civil penalty against Toyota over the massive recalls
China March PMI Rebounds to 55.1
It was the 13th straight month that the official PMI has stood above the threshold of 50 that demarcated expansion from contraction.
ExxonMobil Published Medium-to-Long-Term Outlook for Energy
ExxonMobil is expanding its supply in clean energy, especially natural gas and seeking opportunities for collaboration with China.
IATA: Air Traffic to Reach Pre-crisis Levels in Three Months
IATA reported that February international passenger traffic (RPKs) for member airlines surged 9.5% compared to February 2009.
U.S. Government to Fully Exit From Citigroup
The US Treasury Department plans to sell the government's 27 per cent stake in New York-based banking giant Citigroup Inc. this year
Geely Will Acquire Volvo From Ford for 1.8 Billion U.S. Dollars
Geely planned to preserve Volvo's existing manufacturing facilities in Sweden and Belgium
Sinopec to Acquire Angolan Oil Assets
Sinopec will acquire deep-water oil assets in Angola by buying a 55 percent stake from its parent company for 2.46 billion U.S. dollars.
China Unicom's Net Profit Falls 84.5%
The net profit of China Unicom in 2009 was 3.137 billion yuan, down 84.5 percent.
China Railway Wins $4.8 Billion Indonesia Contract
It's a long term contract, and will not have a major impact on its earnings in 2010 and the next few years.
Shanda Interactive Announces $300M Buyback Plan
Shanda announced Monday that its Board of Directors has approved a share repurchase program to buy back up to 300 million U.S. dollars of its shares.
China Says Google "Totally Wrong" to Stop Censoring
David Drummond, Google's chief legal officer, said the company will redirect users in China to Google's Chinese-language service based in Hong Kong on Tuesday
CNPC, Shell to Acquire Australian Arrow Energy
Australia Arrow Energy Ltd. has approved the sale of most of its assets in Australia to Shell and CNPC with a total consideration of 3.5 billion Australian dollars.
FAW Group, CadFund Sign US$100 Million Investment Deal
The investment will be the biggest in Africa for auto industry to date, coming in at 100 million U.S. dollars
Chinalco, Rio Agree to Develop Guinea Iron Ore Mine
Rio Tinto struck a deal with Aluminum Corporation of China on Friday to develop the Simandou iron ore reserve in Guinea in West Africa
China Mobile: Has Been in Talks with Apple on iPad, 3G iPhone
China Mobile hopes to offer both Apple's iPad and a version of the iPhone that supports TD-SCDMA, the 3G standard used by its networkstandard
Tencent Net Profits Top 5.16 Billion Yuan in 2009
Net profits of Tencent Holdings Ltd, China's biggest Internet company by market value, hit 5.16 billion yuan last year
OPEC to Keep Oil Quotas Unchanged
It is the fifth consecutive time since last year that OPEC decided to maintain the production quotas at the same level
China Supports Steel Makers in Iron-Ore Discussions
China will stick with an annual pricing system and may take action to support the country's steelmakers in negotiations with suppliers
CNOOC Established Joint Venture with Bridas Energy Holdings
CNOOC has announced yesterday to form a 50 percent/50 percent joint venture with Bridas Energy Holdings Ltd for a consideration of 3.1 billion U.S. dollars
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