Westinghouse wins massive China nuclear deal
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U.S.-based Westinghouse Electric Co.  has won a two-year battle for a multibillion-dollar nuclear  power deal with China, edging out French and Russian rivals to  secure a contract that may help Beijing smooth ties with  Washington.
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IBM has won a long-term contract from  Honeywell worth several hundred million dollars, its largest  military/aerospace engineering contract since IBM exited the  field a decade ago, it said on Monday.
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NEW YORK: Exelon Corp, America&#39;s largest nuclear power company, has agreed to buy New Jersey utility Public Service Enterprise Group Inc for US$13.2bil in stock, creating the country&#39;s largest utility.
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AWB Ltd., Australia&#39;s monopoly wheat exporter, won a contract worth about A$340 million ($267 million) to supply China National Cereals, Oils and Foodstuffs Corp.
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British and Chinese companies have signed key business agreements, including a multi-millon-dollar engine deal between Rolls-Royce and Air China, witnessed by Chinese Premier Wen Jiabao and British Prime Minister Tony Blair.
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Beijing, Nov 16 : China today said it supported continued negotiations to resolve the Iran nuclear issue and welcomed Tehran&#39;s decision to suspend its nuclear enrichment and reprocessing activities.
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The largest computer company in China, the Lenovo Group, has bought a majority stake in the PC-making business of the multinational IBM.
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Under the plan, Toshiba would own 77 percent of Westinghouse and the remaining 3 percent would be owned by Ishikawajima-Harima Heavy Industries of Japan.
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BAGHDAD - Iraq has agreed to award $1.1 billion in contracts to Iranian and Chinese companies to build a pair of enormous power plants, the Iraqi electricity minister said yesterday. Word of the project prompted serious concerns among American military officials, who fear that Iranian commercial investments can mask military activities at a time of heightened tension with Iran.
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The United States and China yesterday announced a broad aviation agreement that will more than double the number of daily passenger flights between the two countries by 2012.
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China claimed to have carried out a successful first test Thursday on its experimental thermonuclear fusion reactor.
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China and Russia signed an agreement in which Beijing formally endorsed Moscow's bid to enter the World Trade Organization (WTO).
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China has overtaken the US as the world's biggest producer of carbon dioxide, the chief greenhouse gas, figures released today show.
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A 30 percent stake in Hewlett-Packard&#39;s Chinese operations is up for sale to the highest bidder as the company&#39;s Chinese partner looks to sell its shares.In a filing (in Chinese) with the China Beijing Equity Exchange, state-owned China Electronics Import &amp; Export Co. (CEIEC) invited bids for its stake in China HP and set a minimum price of 967 million yuan ($133 million).CEIEC will accept bids until Feb. 2 from qualified Chinese companies. Offers from financial institutions or hedge funds will not be considered, it said.HP had little to say in response to CEIEC&#39;s offer, but reaffirmed the importance of China HP to its overall business.&quot;China is a critically important market to HP and continues to hold tremendous opportunities for our business. ... Whilst we do not comment on our financial or operational plans in the future, HP will ensure its business operations remain unaffected,&quot; wrote Joanne Tan, a company spokeswoman, in an e-mail.China HP was founded in 1985 as a joint venture between HP and CEIEC. Over the years, the joint venture has been successful and China HP is a major player in key local markets, such as PCs and servers.Joint ventures are a common way of doing business in China, with foreign companies tapping the experience and connections of a local partner.In the best situations, these partnerships can help the foreign company build and grow their business in China faster than would otherwise be possible.
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US energy giant Chevron Corp has signed a 30-year product-sharing contract with China National Petroleum Corp (CNPC) to jointly develop a large gas field in southwestern China.
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U.S. home improvement retailer Home Depot Inc.  said on Wednesday it had signed an agreement to buy Chinese home improvement retailer The Home Way, marking its first foray into retailing in China.
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Wheat exporter AWB has clinched the biggest sale to China in more than a decade. AWB will supply 1.5 million tonnes of wheat, a sale it values at around $200 million.