Burger King Worldwide Holdings Inc said on Friday it plans to open 1,000 of its namesake restaurants in China over the next five to seven years under a newly-formed joint venture. China is the world’s fastest growing major economy and… Read More ›
Global Deals
PetroChina in talks to buy Valero’s Aruba refinery
PetroChina Co Ltd is in talks with Venezuela to buy Valero Energy‘s shuttered refinery in Aruba, sources said, the latest move by China’s oil giants to take advantage of a global refining downturn to beef up supply. PetroChina, Asia’s largest… Read More ›
China’s Bright Food buys Weetabix
China‘s Bright Food will take control of breakfast cereal maker Weetabix, beloved by generations of British children, in the biggest foreign acquisition by a Chinese food group. State-owned Bright Food has agreed to buy a 60 percent stake in a… Read More ›
Embraer signs $2.5 billion financing deal with China’s ICBC
Brazilian planemaker Embraer signed a memorandum of understanding on Monday with China’s ICBC Financial Leasing Co. Ltd. under which ICBC will provide up to $2.5 billion in financing for planes over five years in one of Embraer’s most promising markets…. Read More ›
Nestle near buying Pfizer’s baby formula
Nestle, the world’s biggest food group, is closing in on a deal to buy Pfizer’s infant nutrition business for up to $10 billion to boost its business in China and extend its lead in the world of formula milk for… Read More ›
Argentine move to seize YPF spoils Sinopec deal
Argentina’s move to nationalise local oil company YPF, controlled by Spain’s Repsol, has spoiled years of planning by China’s Sinopec Group to buy the South American company, sources said. Bankers said China’s second-largest oil company had held talks with Repsol… Read More ›
China power giant inks $2.4 billion India project
Power Construction Corporation of China said on Friday it had signed a $2.4 billion contract to build the second phase of a massive coal-fired power complex in southern India that will help meet soaring local demand for electricity. The second… Read More ›
China News 