French firm Alstom wins train contracts in China worth $1.5 ...
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China has awarded Alstom more than $1.5 billion Cdn worth of contracts for trains and locomotives, the French engineering giant said Saturday on the first day of a visit there by President Jacques Chirac.
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BEIJING - China has purchased 700,000 tons of French wheat at a price of 150 million dollars, the head of a French grain promotion group said in Beijing.
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French President Jacques Chirac has wrapped up a China trade mission that&#39;s yielded mixed results. Chirac secured big contracts with the Chinese worth about five billion dollars.
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China spent $2.2 billion ( 1.6 billion) on German planes and trains this week. The Wall Street Journal reported German Chancellor Gerhard Schroeder also called for an end to a European arms embargo on China, as ...
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BEIJING - A consortium of Japanese firms led by Kawasaki Heavy Industries Ltd. won a $12 billion contract to provide high-speed trains to China, Xinhua news agency said on Monday.
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DaimlerChrysler  has placed a 7.5 percent stake in EADS  with a public-private consortium in a 1.5-billion-euro ($1.95-billion) deal that maintains the Franco-German balance of power at the aerospace firm.
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Wireless equipment maker LM Ericsson said Monday it has received a contract worth about $150 million US (122.4 million euros ) from Shandong Mobile Communication Co.
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Canadian transport group Bombardier said that it had won a 223-million-pound (331-million-euro, 424-million-dollar) order for new rolling stock from Britain's government.
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Alcatel-Lucent has agreed to pay $2.5 million in fines to resolve allegations that it provided Chinese government officials with free trips to Disneyland and other tourist attractions.The company has to pay $1 million to resolve U.S. Department of Justice charges that it violated the Foreign Corrupt Practices Act (FCPA) when providing travel and other perks to Chinese government officials, the DOJ said Friday. The company also agreed to pay a $1.5 million civil fine to the U.S. Securities and Exchange Commission.The agreement with the DOJ wraps up a multiyear investigation into whether Lucent, before its November 2006 merger with Alcatel, provided things of value to the Chinese officials and improperly accounted for the expenses.The company cooperated fully with the DOJ and SEC investigations, an Alcatel-Lucent spokeswoman said. The company is &quot;glad to put the matter behind us&quot; and looks forward to successful business dealings in China in the future, she said.From about 2000 to 2003, Lucent spent millions of dollars on more than 300 trips for Chinese government officials that included sightseeing, entertainment and leisure, the DOJ said. The trips were approved by senior Lucent Chinese officials, with the support of Lucent employees in the U.S.Lucent improperly recorded expenses for these trips and failed to implement internal controls to monitor the provision of travel and other things of value to Chinese officials, the DOJ said in a press release.In 2002 and 2003, there were 24 Lucent-sponsored trips for Chinese government customers, and at least 12 trips were primarily for sightseeing, the DOJ said. The people participating in these trips were senior government officials, including the heads of state-owned telecommunications companies in Beijing and the leaders of provincial telecommunications subsidiaries.Between 2000 and 2003, Lucent provided Chinese government officials with trips to the U.S., Europe, Australia and elsewhere that were often characterized as &quot;factory inspections&quot; or &quot;training,&quot; the DOJ said. By 2001, Lucent had outsourced most of its manufacturing and no longer owned factories for its customers to tour. These trips were primarily sightseeing tours to locations such as Disneyland, Universal Studios and the Grand Canyon, and typically lasted 14 days and cost between $25,000 and $55,000 per trip, the DOJ said.Lucent admits to all of this conduct in the agreement announced on Friday. The agreement also requires Lucent to adopt new or modify existing internal controls, policies and procedures. Those internal controls must ensure that Lucent keeps fair and accurate books, the DOJ said. The agency has agreed not to prosecute Lucent if it complies with all of the requirements in the agreement over a two-year term.
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Bombardier Inc. (BBDb.TO: Quote, Profile, Research) and DaimlerChrysler AG (DCXGn.DE: Quote, Profile, Research) ended a three-year dispute over the Montreal company&#39;s acquisition of train
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French state-run company Areva  (CEPFi.PA) has unexpectedly agreed a $5 billion deal to build  two nuclear power plants in China weeks after a U.S. rival  appeared to have won a competition that dragged on for more  than two years.
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Struggling French heavy engineering company Alstom signed contracts worth up to one billion euros (1.23 billion dollars) in China for the delivery of trains and locomotives, the company said.
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Dubai is paying $1.15 billion for the  global port assets of U.S.-based CSX Corp., outbidding the  world's two biggest container port operators for terminals in  Hong Kong and China as the region's trade soars.
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China signed a deal here Monday to loan the mineral-rich Democratic Republic of Congo five billion dollars (3.6 billion euros) to build up infrastructure and develop its mining industry.
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"We intend to enter into a long-term commitment in the United Kingdom and make continuous investments in the quality of our services."  German state-owned rail operator Deutsche Bahn AG announced Monday it has agreed to buy Britain's Laing Rail, which runs passenger services in central and southern England. via CNN
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The Shanghai Automotive Company, Chinaâs largest carmaker, agreed to buy out its partners in a truck maker and an auto-parts venture for 1.48 billion yuan ($194 million) to combine and expand its commercial-vehicle operations. The operations being taken over, the Shanghai Huizhong Automotive Manufacturing Company and the Shanghai Wanzhong Automotive Components Company, will become part of a Shanghai Automotive unit, the SAIC Motor Corporation, Shanghai Automotive said. The automaker already owns half of both ventures. The move is in line with a government plan to combine the countryâs automakers.
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France's Alstom unveils a new high-speed AGV train which should travel at 360km/h (224mph).