Bayer Investing $1.8 Billion in China
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By Joyce Gannon, Pittsburgh Post-Gazette  Sep. 6--Bayer AG yesterday launched production at newly expanded  facilities in Shanghai, China, where it will make specialty chemicals and  materials used in products ranging from high-tech industrial and automotive  paints to CDs and DVDs.
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German chemicals and pharmaceuticals giant Bayer said it had acquired the marketing rights for GlaxoSmithKline's erectile dysfunction treatment Levitra in a number of countries outside the US for 208 million euros (272 million dollars).
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China is launching a $1bn fund, backed by the Chinese Development Bank, to boost trade and investment in Africa.
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Investment in manufacturing plant in Lodz could reach $321 million and include 1,000 workers.
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Toyota Motor and Chinese partner Guangzhou Automobile reportedly will invest 3.8 billion yuan ($US459 million) to build a new plant in China, with an annual production capacity of 100,000 vehicles.
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China remained an attractive destination for foreign investors who poured in 43.6 billion dollars during the first eight months of the year, 18.8 percent more than the same period last year, the government said.
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China has muscled in on miner  BHP Billiton's  attempts to buy rival Rio Tinto ,  with its biggest aluminum producer teaming up with U.S. group  Alcoa  to buy a 12 percent stake in Rio.
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German drugs and chemicals group Bayer  said it planned to sell unit H.C. Starck to a consortium formed by Advent International and the Carlyle Group for 700 million euros ($908 million) plus debt.
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German chemicals and pharmaceuticals giant Bayer said that it has agreed to sell its metals subsidiary HC Starck to private equity firms Advent and Carlyle for about 1.2 billion euros (1.6 billion dollars) in total.
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Bayer (NYSE: BAY) is the latest company to find itself in hot water over a drug recall. But as the company gears up to burnish its image, the improvement in its financial performance promises
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BERLIN - Bayer AG, the German drug and chemical company, has agreed to sell its plasma products business for $590 million in cash and stock to the private US investment groups Cerberus Capital Management and Ampersand Ventures.
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China has pledged to invest $20 billion in Argentina in the next 10 years, La Nacion reported Wednesday. The announcement came during the first day of a two-day visit
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Shares in the German chemicals and pharmaceuticals giant Bayer were higher on the stock exchange after the maker of Aspirin painkiller said it was axeing 1,500 jobs in its underperforming agrochemicals division.
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A $3 billion investment from China's government leapfrogs CEO Stephen Schwarzman past rivals.
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Ping An Insurance (Group) Co. Ltd.  (2318.HK), China's second-largest life insurer, plans to sell  up to 1.15 billion A-shares worth an estimated US$4 billion  (2.17 billion pounds) to replenish its capital.
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China announces new investment worth $800m in Zambia, the latest stop on President Hu's African tour.
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A consortium led by Chinaâs biggest gold mining company, the Zijin Mining Group, has made a $185.4 million bid for the British copper mining company Monterrico Metals in what could become Chinaâs first outright takeover of an overseas listed company. The acquisition would be the latest in a series of low-profile but substantial purchases of overseas mining assets by Chinese companies, part of the countryâs quest to diversify supplies of strategically important resources. Monterrico, which is based in London, holds rights to the still-undeveloped Rio Blanco copper and molybdenum deposits in northern Peru, which the company says could yield up to 25 millions tons of copper ore a year. Zijin holds a 45 percent share in the consortium, with a Chinese copper mining company, Tongling, taking 35 percent and Xiamen C& D, a trading and real estate conglomerate, holding 20 percent, Zijin said.