中国银行业全面对外开放

In more economic news from China, the Chinese government is opening up local business to foreign banks. As one of the conditions for China joining the World Trade Organization five years ago, the country is allowing foreign banks to incorporate in C

保时捷增持大众汽车股票至30%

German sports car maker Porsche exercised an option on 3.6% of stock in German car maker Volkswagen. Because this puts their ownership in VW over 30%, German law required Porsche to make a takeover offer to other VW shareholders, so they did: 101 pe

SONY PS3到处掀起热潮

Several days after long lines of people waited for hours in Japan to try to get one of the few Sony PlayStation 3 game machines being released to each store, the same thing happened in the United States. After being sold for 500 to 600 dollars aroun

默多克耐心等待收购《华尔街日报》

Rupert Murdoch's media conglomerate the News Corporation has bid $5 billion for Dow Jones, the parent company of the Wall Street Journal newspaper. There had been no announcement that Dow Jones was available for sale. Although the Dow Jones board of

德国大众高层变动，盛传保时捷收购在即

Management changes at Volkswagen have led to rumors of a potential takeover by Porsche, another German carmaker. The company's supervisory board forced out CEO Bernd Pischetsrieder recently, and Wolfgang Bernhard, the head of the VW brand, has just

西门子贿赂丑闻调查是否进一步深入？

When investigations began looking into corruption charges at 160 year-old German technology company Siemens AG, Chief Executive Klaus Kleinfeld pledged to restore the company's reputation. When the company's supervisory board wanted to postpone disc

黑莓软件升级用户倒霉

Millions of people in North America, Asia, and Europe lost access to their email for up to 12 hours when a software upgrade caused problems with central systems at Canadian company Research In Motion, maker of the BlackBerry email device. The softwa

空中客车A380终于准备起飞

After scheduling delays, wiring problems, and order cancellations, the Airbus A380 super-jumbo jet is finally ready to fly. For its maiden voyage, a Lufthansa A380 took about 400 Lufthansa and Airbus employees and 60 reporters and photographers from

奇瑞将为克莱斯勒代工生产小轿车

Chrysler, an American subsidiary of the German auto maker DaimlerChrysler, has signed a deal with China's Chery Automobile Company to design and manufacture a subcompact car in China that will be sold around the world. DaimlerChrysler's supervisory

沃尔玛收购好又多

Another American company moving into China is Wal-Mart. The American store chain is bidding one billion dollars to buy one hundred hypermarkets (a combination of supermarket and department store) in China from Trust-Mart, a Taiwanese company. Althou

谁要来买克莱斯勒

Rumors are flying about who will buy the American auto company Chrysler from DaimlerChrysler, their German parent company. Car makers Volkswagen, Hyundai, Mitsubishi, Fiat, and Renault-Nissan have all announced that they are not interested. Most rum

七国集团看好下一轮多哈谈判

The G7 group, a collection of finance ministers from leading industrialized nations, recently met in Essen, Germany. Several members made hopeful statements about the possibility that the next round of talks first held in Doha, Qatar, would lower tr

印度人不欢迎Wal-Mart

American retail giant Wal-Mart is even closer to setting up a chain of supermarkets across India in partnership with Indian mobile phone company Bharti Enterprises, and many people in India are not happy about it. Bharti chairman Sunil Mittal told r

空客大量裁员员工抗议

Airbus has made it official that they are selling all or part of six European plants and cutting 10,000 jobs in France, Germany, Spain, and Britain. Employees at three German plants and four French plants stopped working for several hours in protest

台湾地震互联网受伤

An undersea earthquake off the coast of Taiwan damaged underwater communications cables, hurting technology and banking services in much of Asia. All data and voice traffic had to go through the remaining undamaged cables and satellites, slowing dow

福特通用情况不妙

Things look bad for two of America's big three automakers, and only a little better for the third. Ford Motor Company reported a $5.8 billion loss for the third quarter of this year, their worst quarterly loss in fourteen years. Analysts expect thei

中国美国委内瑞拉石油

China and Venezuela signed an agreement for the South American country to provide a million barrels of oil a day to China by the year 2019, with China promising to help Venezuela join the United Nations security council. China's growing economy make

墨西哥湾新油田

A group of three oil companies led by the American company Chevron have announced the discovery of a new oil field in the Gulf of Mexico, about 270 miles south of New Orleans. The new field may have between 3 and 15 billion barrels of oil. The resul

IMF新加坡年会(1)

Tensions mounted in Singapore as members of the International Monetary Fund and the World Bank gathered for their annual meeting. Representatives of about 500 Non-Governmental Organizations (NGOs) were given credentials to attend, but the Singapore

意大利电信公司行将拆分

Telecom Italia, Europe's fifth-largest telecommunications company, announced plans to split its fixed-line and mobile phone units into separate companies. After spinning off their mobile operation Telecom Italia Mobile (TIM) in the 1990s, Telecom It