Sinopec to privatize subsidiary
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HONG KONG: China Petroleum &amp; Chemical Corp (Sinopec), Asia&#39;s largest oil refiner, confirmed yesterday that it would spend HK$3.846 billion (US$494 million) to privatize its subsidiary
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The move came after Chinese officials expressed concern over BHP Billitonâs plans to link up with Rio Tinto in a merger that would give the combined company a dominant position in iron ore.
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Asia's top oil refiner, state-run  Sinopec Corp., said on Monday its second-quarter net profit  almost doubled as China's fast-growing economy consumed more  fuel and crude oil prices climbed.
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Presidential candidate Frank Hsieh says he would loosen regulations covering the transfer of Taiwanese technology to China.
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Anglo-Dutch oil giant Royal Dutch/Shell and China Petroleum and Chemical Corp (Sinopec Group) have launched a 187 million dollar service station joint venture, the companies said.
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Shanghai Automotive Industry Corporation, China's largest carmaker, is consolidating its assets into a new company as it considers listing its shares abroad.
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Morgan Stanley  said on Monday it has acquired China's Nan Tung Bank, a deal that would give the Wall Street giant a coveted onshore commercial banking license in China ahead of U.S. investment bank rivals.
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Business: 8 November 2004, Monday. The state sale body has approved the inked contract with Czech company CEZ for the privatisation of 67% stake in Northwest Bulgaria power utility pool.
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By Li Weitao  Hong Kong-listed China Telecom Corp Ltd has agreed to buy telecom- related assets from its State-owned parent in a move to increase its stock appeal as it copes with a slowing fixed-line business and a failure to obtain licenses to offer mobile phone services.
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United Parcel Service Inc. said on  Thursday it will pay $100 million to take over most of the  international express delivery operations of its Chinese  partner, Sinotrans.
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Anglo-Dutch oil giant Royal Dutch/Shell and China Petroleum and Chemical Corp (Sinopec Group) have launched a US$187-million service station joint venture, the companies said.
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The landmark PC deal between IBM and the China-based Lenovo Group is expected to lead to a redistribution of OEM desktop- and notebook-PC orders among Taiwan makers, the Chinese-language Economic Daily News (EDN) reported today.
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The Nanjing Automobile Corporation, which bought the remaining MG assets two years ago, is about to restart production in China.
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A company owned by the Chinese government has entered talks to buy Noranda Inc. in a deal that would shake up the Canadian mining industry.
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China&#39;s biggest computer maker says it has acquired a majority stake in IBM&#39;s personal computer business. The 1.75- billion-dollar deal is one of the biggest Chinese overseas acquisitions ever.
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I.BM announced late yesterday the sale of its personal computer business to Lenovo, China&#39;s largest personal computer maker, a deal that reflects the industrial and economic ambitions of not only the two companies but also their two nations.
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Barry Diller&#39;s InterActiveCorp today announced plans to separate into two publicly traded companies. The planned companies will be IAC and Expedia.