The National Defense Authorization Act (NDAA) for 2027 is coming into focus after the House and Senate armed services committees advanced their versions of the bill earlier this month.
Event: Farooq Kathwari: Exporting American Design and The Rebirth of North American Manufacturing Organizer: Asia Society Time: 6:30 pm-8 pm Date: June 25, 2013 Location: 725 Park Avenue (East 70th Street), New York, NY Web: http://asiasociety.org/new-york/events/farooq-kathwari-exporting-american-design-and-rebirth-north-american-manufacturing
China Petrochemical Corp. (Sinopec) agreed on June 24 to buy US-based Marathon Oil Corp.’s stake in an Angolan oil and gas field. With a 5 percent stake that Sinopec purchased from France’s Total in 2011 and Marathon’s 10 percent stake, it will have a 15 percent stake in the field if the investment is approved […]
On June 18, China Mengniu Dairy, China’s largest dairy producer, said it made an offer of $1.6 billion to buy Yashili International, one of China’s leading makers of infant milk formula and baby food. Yashili was one of 22 baby formula producers in China whose products were flagged by Chinese quality control inspectors in 2008 […]
On May 28, Honda Motor Co. said it will add a production line and build an engine plant at its factory in Guangzhou, Guangdong through its joint venture Guangqi Honda Automobile Co. The new line is expected to become operational in 2015 and have an initial annual production of 120,000 units, increasing Guangqi Honda’s overall […]
During a visit to Switzerland by Chinese Premier Li Keqiang on May 24, China and Switzerland signed the framework for a free-trade agreement, which would be the first free-trade deal signed between China and a major Western economy. Bilateral trade between the two countries is worth $26 billion and consists mostly of watches, medicine, textiles, […]
On May 29, Chinese developer Advanced Business Park signed a $1.5 billion deal with London Mayor Boris Johnson to develop a 35-acre complex of offices and shops at the Royal Albert Dock near London’s airport aimed at attracting Asian companies. It is the largest ever investment by a Chinese company in the United Kingdom, and […]
On May 30, the Dallas Business Journal reported that Pioneer Natural Resources is close to entering a joint venture with China’s Sinochem Group through its US subsidiary Sinochem Petroleum USA LLC for drilling interests near Midland, Texas. Pioneer will sell a 40 percent interest in 207,000 acres to Sinochem for $1.7 billion. The partnership will […]
Event: China Summit on Anticorruption Organizer: ACI/C5 Date: June 18-19, 2013 Location: Shanghai InterContinental Pudong Web: http://www.americanconference.com/anticorruptionchina Email: [email protected] Phone: 011-416-926-8200
On May 30, American International Group Inc. formed a joint venture with People’s Insurance Co. (Group) of China and PICC Life Insurance Co. Ltd., China’s largest insurance company, to sell life insurance in China. PICC Life and AIG will form a joint-venture agency distribution company, and they are considering selling life and retirement insurance, existing […]
On May 27, the two largest shareholders of Club Mediterranee SA (Club Med), France’s AXA Private Equity and China’s Fosun International Ltd., made an offer of $719 million to buy the rest of France’s famous resort operator. The two bidders own nearly 20 percent of the company currently. Club Med’s board has said it will […]
