Baidu Inc jumped since Facebook boosted the outlook for social media companies. Baidu Inc led the rally in Chinese equities exchanged in New York. The company said that it gained more profits after Facebook outdid the estimates of analysts.
Asia/Pacific
Investment duo buys India's Portea Medical
K Ganesh and MeenaGanesh have announced they they have bought Portea Medical. K Ganesh and MeenaGanesh, both Serial tech entrepreneurs, announced that they have acquired Portea Medical, a New Delhi-based healthcare firm.
India's Wildcraft Inc. looks to private equity firms for funding
Wildcraft Inc. announced that it is looking to raise up to INR75 crore to finance its expansion programs.
Thales Group to sign RM380 million deal with KTMB
The Thales Group announced that they are set to ink the deal with Malaysia's Keretapi Tanah Melayu Bhd (KTMB) tagged at RM380 million.
Blackstone sees lesser opportunities in India
A Blackstone executive said it had found fewer opportunities to invest in India after seeing public governance issues.
Latest News
Acer's president told Austria's Format magazine that the company would recover and make profit again.
Google's mess in China should concern the company as it brings risks of being used as a blueprint in the US.
Chinese iron ore production and prices continue to rise despite the general decline in base metals trading.
Indian business conglomerate Lanco Infratech begins debt restructuring process.
Indian construction company Lanco Infratech Ltd has initiated restructuring debts amounting to INR 75 billion (US$1.
China and the European Union have agreed on a trade price and concluded a six-week dispute over Chinese solar panels.
American smartphone maker Apple Inc fails to beat South Korean giant Samsung in the Chinese market. Tim Cook, Apple Inc's Chief Executive Officer, believes that the leading smartphone maker can crack into and dominate the Chinese mobile market.
China-based developer is set to spend CNY 12 billion for a development in Qianhai thus becoming Shenzhen's biggest investor.
The Mahindra Lifespace Developers sealed a joint venture agreement with SCM Real Estate (Singapore) Pvt Ltd, Standard Chartered Bank’s investment unit, to develop residential projects in India.
The GlaxoSmithKline controversy opened the doors of investigation about the misconduct happening in the pharmaceutical industry.
