Chinese in $2.6b Rover deal
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LONDON - The Chinese have come to the aid of ailing British carmaker MG Rover with Â£1 billion ($2.63 billion) in cash. MG Rover said the Shanghai Automotive Industry Corp (SAIC) would provide the cash under
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Chinese carmaker Shanghai Automotive Industry Corp. (SAIC) has played down reports that it is about to sign a deal for a joint venture with MG Rover, the Times newspaper reports.
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MG Rover Group Ltd., the last British volume carmaker, is ``confident&#39;&#39; it will sign a 1 billion-pound ($1.86 billion) investment agreement with Shanghai Automotive Industry Corp.
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Chemicals maker to repurchase $2B of its shares.
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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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China's biggest coal miner Shenhua Energy plans to raise $6.3bn through a listing on the Shanghai Stock Exchange.
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Hong Kong property firm Chinese  Estates Holdings Ltd. (0127.HK) is in talks with investors on a  possible buyout of the firm, valued at more than US$4 billion,  sending its shares up as much as 30 percent to a record high.
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TRANS-Tasman beer and wine group Lion Nathan is selling its Chinese beer business to the second largest brewer in China for $US154 million ($219 million).
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Trans-Tasman beer and wine group Lion Nathan is selling its Chinese beer business to the second largest brewer in China for $US154 million, or $A219 million.
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BEIJING - A group of state-owned Chinese companies has agreed to help finance and build an iron ore and infrastructure project worth nearly $2 billion (Australian) in the Pilbara region of western Australia.
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China Power International Development Ltd., a unit of China&#39;s fifth-biggest electricity generator, plans to raise as much as HK$2.
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Alcoa said it had sold its stake in the Aluminum Corporation of China for about $2 billion, a $1.8 billion gain on an investment that had yielded no real cooperation on the ground.
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For China, the country&#39;s biggest computer supplier buying out a unit of IBM is more than just a business deal. Lenovo Group&#39;s decision to purchase IBM&#39;s PC group for $1.75 billion could be
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Nokia, the world's largest mobile phone maker has signed two contracts worth over two billion euros (2.54 billion dollars) with Chinese companies China Mobile and PTAC.
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Chinese automaker Shanghai Automotive Industry Corp. (SAIC) was set to control a crucial joint venture with Britain&#39;s struggling manufacturer MG Rover, the Longbridge-based company said Saturday.
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BHP Billiton, the world&#39;s biggest mining company, agreed to sell an extra $3.2 billion of iron ore to four Chinese steelmakers, helping underpin expansion of its mines in Western Australia.
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MG Rover's historic Longbridge factory in Birmingham is due to reopen on Tuesday under Chinese ownership.