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Better copper prices boost Codelco’s profit offsetting output decline

05/27/2017 12:40 a.m.

Chile’s Codelco, the world's top copper miner, swung back to profit in first three months of the year, posting a pre-tax profit of $534 million for the period versus a loss logge... Full Story

Fosun, others eye Australia's Origin Energy gas assets worth $1.5 billion: sources

05/26/2017 11:15 p.m.

Australia's top energy retailer Origin has drawn interest from at least five potential bidders, including China's Fosun International, for A$2.0 billion ($1.5 billion) worth of oil and gas assets... Full Story

Beijing to Issue USD7.6 Billion Worth of Local Government Bonds This Year

05/26/2017 10:39 p.m.

With the approval of the State Council, China’s Ministry of Finance has capped Beijing’s local government bonds at CNY52.5 billion (USD7.6 billion) this year, said Li Yingjin, the city’... Full Story

Russian state fund could invest in miner Polyus with China's Fosun: source

05/26/2017 9:07 p.m.

The state-backed Russian Direct Investment Fund (RDIF) and China's Fosun International Ltd (0656.HK) could announce an investment in Russia's top gold producer Polyus (PLZL.MM) in early June, a s... Full Story

Brazil's Vale new CEO eyes acquisition, diversification: analyst reports

05/26/2017 8:49 p.m.

Vale SA, the world's largest iron ore miner, intends to resume growth with acquisitions and diversification, new Chief Executive Officer Fabio Schvartsman told analysts on Friday. Analyst reports ... Full Story

China to Lift Restrictions on Foreign Ownership in Automotive Electronics, NEV Battery

05/26/2017 8:29 p.m.

China plans to remove restrictions on foreign ownership in the automotive electronics, new-energy vehicle battery and motorcycle sectors in the “Catalog for the Guidance of Foreign Investment Indus... Full Story

Chinese Carmaker BAIC Starts Production in Mexico

05/26/2017 8:09 p.m.

Beijing Automotive Group Co.’s first production line in Mexico began operations in the city of Veracruz on May 23, state-owned news agency Xinhua reported. With Mexico’s free trade agreeme... Full Story

China's GSR Nears $1 Billion Deal for Nissan Battery Unit

05/26/2017 6:13 p.m.

GSR Capital, a Chinese private equity firm with backing from the Hubei provincial government, is nearing a deal to acquire control of a Nissan Motor Co. rechargeable battery unit for about $1 billion, accord... Full Story

China's Dahua Tech plans up to $1 billion Hong Kong share sale: sources

05/26/2017 5:06 p.m.

China's Zhejiang Dahua Technology Co Ltd (002236.SZ), a maker of security products, is planning to raise as much as $1 billion through a share offering in Hong Kong, three people with direct knowledg... Full Story

Janssen plans to expand pharma investment in China

05/26/2017 4:25 p.m.

Janssen, the pharmaceutical company, will expand its investment in China to drive growth as it races to seize more market shares in lung-related diseases. Part of the Johnson & Johnson group, Jans... Full Story

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