Chinese Authorities Accuse (GlaxoSmithKline) GSK of Using Bribery to Boost Sales
British drugmaker GlaxoSmithKline is under investigation by Chinese authorities for alleged bribery and price fixing.
Samsung posts record Q2 profit
South Korea’s Samsung Electronics, the world’s largest technology firm by revenue, has posted another record quarterly net profit.
Rio Tinto sells Northparkes stake to Chinese firm
China Molybednum has agreed a deal to buy 80 percent stake in Northparkes copper and gold mine in Australia owned by Rio Tinto for $820 million.
Pakistan gets $5.3bn IMF bailout
Pakistan and the International Monetary Fund (IMF) have reached a provisional agreement on a bailout of at least $5.3 billion that aims to boost its flagging economy and low foreign exchange reserves.
Baby formula prices cut as China launches probe
Nestle and Danone have announced plans to cut prices of some of their infant milk formula products in China after Beijing announced a probe into alleged price fixing by foreign infant milk makers.
China launches EU wine probe
China has launched anti-dumping and anti-subsidy investigations into wines imported from the European Union (EU).
Thousands march for HK democracy
Tens of thousands of people have braved typhoon rains to take part in an annual pro-democracy rally demanding China honour promises to hold fully democratic elections in HK.
Sinopec buys $1.5bn stake in Angola oil field
Sinopec, also known as China Petrochemical Corporation, has agreed a deal to buy U.S. firm Marathon Oil Corporation’s stake in an Angolan oil and gas field.
