Tesco raises stake in Chinese joint venture
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The supermarket group Tesco, the nation's biggest retailer, has said it has paid about 350 million dollars (264 million euros) to raise its stake in its Chinese joint venture with Ting Hsin to 90 percent from 50.
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Singapore Airlines and investment firm Temasek buy a combined 24% stake in China Eastern Airlines.
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Supermarket giant Tesco sees a 10.3% rise in half-yearly profits to Â£1.09bn,  boosted by international sales.
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Singapore's state-linked investment firm Temasek Holdings has raised its stake in Standard Chartered to 19 percent, a notice posted on the bank's website said.
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Britain's largest retailer, Tesco, is planning to open its first US stores later this year, with a series of openings targetting several western states, a Tesco spokeswoman said.
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Tesco ends talks with Indian firm Bharti Enterprises about a retail joint venture business in the country.
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Tesco, Britain's biggest supermarket chain, said that group sales grew by 12.2 percent in the third quarter, driven by strong performances from its stores at home and abroad.
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Supermarket giant Tesco buys Malaysian retail chain Makro Cash & Carry as part of its plans to expand overseas.
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Wal-Mart Stores , the world's largest retailer, said on Monday it acquired a 35 percent stake in China's Bounteous Company, expanding its presence in the world's most populous country.
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MG Rover is on the brink of a Â£1bn deal with a Chinese company that will help secure the future of its giant Longbridge plant. Under the joint venture with the Shanghai Automotive Corporation, a new company
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BHP increased its takeover offer to about $147 billion after a Chinese rival bought a stake in Rio Tinto last week.
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Tesco has pledged to turn up the heat on rivals with the &quot;Wal-Martisation&quot; of its non-food and non-clothing lines as the supermarket group yesterday delivered a set of half-year results that beat most expectations.
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Barclays raises its offer for the Dutch bank ABN Amro, after China and Singapore invest in the UK firm.
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Tesco, the largest supermarket chain in Britain, said it had raised its stake in its Chinese joint venture with Ting Hsin to 90 percent, in a deal valued at Â£180 million ($351 million). Two years ago, Tesco took a 50 percent stake in the venture, Ting Cao, a wholly owned subsidiary of Ting Hsin, which operates the Hymall chain of 44 supermarkets. Ting Cao plans to opens its first store in Beijing early next year.
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Business & money: Â· Grocer buys Dobbies chain with surprise Â£156m dealÂ· Stores will retain name to avoid 'Tescofication' fears
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Tesco sees further sales growth and says business is "looking good" going into the crucial Christmas trading period.
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British-based banking giant HSBC Holdings is to team up with Shanxi Trust and Investment Corp to form a joint venture fund management company in China, HSBC announced.