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Evergrande Real Estate Group Ltd

Evergrande Bought 50% of Great Eastern Life Assurance for Share 3.9 billion yuan to diversify into insurance

One of the largest property developers in China, Evergrande Real Estate Group Ltd., acquired 50 percent share from Great Eastern Life Assurance Co for 3.9 billion yuan, or $610 million, to get into the insurance industry.

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Brokerage house

Asian stocks tumble as commodity fall continues on thin volumes

Asian stocks dropped on low trading volume as commodity producers followed fall in industrial metals and crude oil. Investors and institutions are in the wait and watch mode ahead of US Fed's meeting in December.

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PLDT to Maintain Capital Spending at Record Level to prepare for Telstra entry

Philippine Long Distance Telephone Co. will allocate another record level 43 billion pesos ($915 million) in capital spending this year to defeat domestic competition and prepare for the possible entry of Telstra Corp. to the Philippines.

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DJI open its first drone store in China

World's biggest drone maker, the China SZ DJI Technology Company announced that they are planning to open its first flagship store in China. According to the announcement, the company will open a store in the heart of Shenzhen shopping center as soon as December before the shopping district get busier as customers preparing for a festive season.

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Chinese stocks

China Doubles The Deposit For Stock Margin Trading

China will double the deposit needed for investors to obtain funds to trade stocks, known as margin trading - The Shanghai stock trade explained on Friday, as authorities look to constrain a practice that made an enormous market bubble.

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Alibaba Group

Alibaba Group may acquire SCMP group

Chinese e-commerce major Alibaba Group is planning to make yet another investment plan for the media segment. The Chinese media reports reveal that Alibaba may acquire SCMP Group, which runs China Daily.

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China to drop down its copper imports following weak domestic demand

China to face decline in copper imports for the next year as the response of its weak domestic demand on copper driven by slowing economy in the country. China released weaker than expected economic data that raised serious concerns over the country's future demand for industrial metal.

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Indonesia challenges China's claims on South China Sea claims

Indonesia's Foreign Minister on Thursday announced that its country demanded China to explain and prove its claims on the South China Sea, as Indonesia accuses China of claiming parts of the Indonesian-ruled Natuna Islands to be part of China's nine-dash line.

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Anthony Tan

Uber Rival GrabTaxi Launches GrabHitch Carpooling Service in Singapore

After enjoying successful services in several Asian countries, GrabTaxi introduced a carpooling service in Singapore. The service is available for testing on Wednesday in the country. Drivers participating in GrabHitch must provide elligible document and verification checks.

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China warns WTO on its cheaper exports hard to resist

Reacting to concerns over Chinese dumping, the world's second-largest economy has slapped a notice on complaints with World Trade Organization (WTO) that such baseless concerns about its cheaper exports should need to meet higher standards from December 2016.

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Mitsubishi Regional Jet

Mitsubishi Jet Successful Flight Marks New Era of Japanese Aircraft Industry

A successful maiden flight of Japanese jet marks the new era of Japanese aircraft industry. Mitsubishi Regional Jet made its debut on Wednesday in Nagoya Airport, Japan.

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Yang Yuanqing

How Lenovo Rebranded and Modernize Its Image as Global Brand

Lenovo started at developing circuit board to process Chinese character in 1984. It now has become the most respectable name in PC market. Led by CEO Yan Yuanqing, Lenovo has launched to become a solid global brand.

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Indian Railways

GE and Alstom get $5.6 billion deals to build India railways

General Electric Co. and Alstom have won contracts from India's state owned rail company worth a combined of $5.6 billion to supply and service diesel locomotives as the country works to modernise its infrastructure. The contracts are also the biggest deal to be awarded by India to foreign firms.

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Nestlé's Maggi Noodle Makes A Happy Return To Indian Shelves This Diwali After Successful Testing

Maggi Noodles - the instant Chinese fare created by Nestle and loved the world over especially in India, Singapore and Malaysia and other parts of the globe was beset by a scandalous allegation that their Maggi Noodles in India contained MSG with lead levels going beyond permitted limits.

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AH-64 Apache attack helicopter

Boeing, Tata team up to make Apache fuselages in India

Boeing Co and Tata Advanced Systems (TASL) will float a joint venture (JV) for manufacturing fuselages for the AH-64 Apache attack helicopter in India. The JV will set up a center of excellence (CoE) and it'll also be in competition for getting contracts to make additional Boeing platforms including commercial and defense.

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