asia news

ChinaÔÇÖs recovery remains on track

Orient-Express Hotels subject to Tata Group takeover bid

As a part of its plans to expand its global presence, Indian Hotels Company (IHC) has submitted a takeover offer for luxury chain Orient-Express Hotels.

China records annual growth rate of 7.4 percent in its third quarter

Asian countries remain key to Coca-ColaÔÇÖs growth

Coca-Cola, the world’s largest and most recognisable soft-drinks maker has reported a net profit of $2.3 billion during the third quarter of 2012.

September surge for Chinese exports

Fears of a slowdown in China’s economy have been eased after figures revealed that the country’s exports grew faster than expected in September.

Bumi shares surge after Bakrie family offer

Indonesian coal miner, Bumi, has seen its share price increase following news that the powerful Bakrie family have proposed to split from it.

Lenovo overtakes Hewlett-Packard in the PC market

Chinese computer hardware and electronics company Lenovo, has been named as the world’s top PC maker in preliminary figures released by research firm Gartner.

Yum Brands enjoy tasty profits

Yum Brands, the owner of the KFC, Pizza Hut and Taco Bell chains, has reported a net profit of $471 million for the three months to September 8th. 

Samsung profits reach record levels

South Korean electronics giants Samsung estimates that its three month profits to September will reach a record figure.

Eye of the Tiger

Dutch brewer Heineken is set to take control of Asia Pacific Breweries (APB), makers of the popular Tiger beer.

China signs economic deals with Afghanistan

China and Afghanistan have signed a range of economic agreements during a visit to Kabul by one of China’s most senior officials Zhou Yongkang.

Alliance Boots inks China deal

European pharmacy chain Alliance Boots has signed a strategic deal with China’s Nanjing Pharmaceutical Company, it has been announced.

China orders 50 aircraft from Airbus

China’s ICBC Financial Leasing Co has signed an agreement with Airbus for a total of 50 A320 aircraft, including 30 A320ceo and 20 A320neo.