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Sinopec sells $17.5 bln stake in retail unit to investors

BY Reuters |

Sinopec Corp will sell a 107.1 billion yuan ($17.5 billion) stake in its retail unit to a group of 25 Chinese and foreign investors, Asia's top oil refiner said in a statement on Sunday.
CGN files sole bid to build 2 nuclear reactors in Romania

BY Reuters |

Chinese utility China General Nuclear (CGN) filed a non-binding bid to partner with Romania's state-owned nuclear power producer Nuclearelectrica to build two reactors at its site on the river Danube, the Romanian firm's manager said on Tuesday.
Locke Lord, Edwards Wildman ink plans to merge

BY Reuters |

In the latest sign of the consolidation hitting the U.S. legal industry, two law firms that are among the 100 largest in the United States have drawn up plans to merge.
China eases rules to spur outbound investment

BY Reuters |

China has simplified rules to make it easier for domestic companies to invest overseas - in the latest move to slow the rise of its foreign currency reserves and help local firms climb up the global value chain.
China 'may free deposit rates, capital account in 3 years'

BY Reuters |

China plans to free its deposit rates and ensure its capital account is liberalised on a basic level within three years, an adviser to China's parliament said on Wednesday.
With oil under $100, China trader books world's largest ship to store crude

BY Reuters |

A Chinese trading firm has booked the world's largest supertanker to store crude at sea, adding to a growing flotilla of vessels used for floating storage as benchmark oil prices slip below $100 a barrel.
China fines 3 cement makers $18.6 mln for price fixing

BY Reuters |

A Chinese regulator has fined three domestic cement makers 114 million yuan ($18.6 million) for price fixing, as Beijing intensifies its crackdown against monopoly pricing on goods from cars to premium liquor.
GSK China consumer healthcare unit linked to DOJ probe in 2012

BY Reuters |

A U.S. anti-bribery probe into GlaxoSmithKline Plc touched on the firm's Chinese consumer healthcare business in 2012, internal documents show, suggesting the drugmaker's compliance problems in China could go wider than previously revealed.
Alibaba seeks to raise more than $21 bln in record U.S. tech IPO

BY Reuters |

Alibaba Group Holding Ltd seeks to raise more than $21 billion in an IPO that will value the Chinese e-commerce giant at up to $163 billion and rank as the largest-ever technology debut in the United States.
Carlyle raises $3.9 bln for 4th Asia investment fund

BY Reuters |

Carlyle Group, one of the world's largest private equity firms, said on Monday it has closed its fourth Asia fund at $3.9 billion, the second-largest private equity fund ever raised for Asia investments.