Chinese funds jostle to invest abroad

Competition from another fund is complicating China Investment Corp's attempts to defuse criticism of the way it operates and makes investment decisions

China buys 1.6% stake in Total

The body that manages the bulk of China's $1,650bn in foreign exchange reserves has bought a 1.6 per cent stake in France's Total

Fortis seeks fresh Asian alliances

The Belgo-Dutch financial services group wants more partnerships in the wake of its recent deal with Ping An, aiming to double its profit contribution from the region

Chalco eyes more overseas acquisitions

Aluminium Corp of China, which recently bought a stake in miner Rio Tinto, is considering further overseas acquisitions to diversify into other metals and secure raw material supplies

Midwest names Sinosteel price

The Australian iron ore group raised the stakes for its Chinese suitor by saying it will not seriously consider offers of under A$7 a share – 25 per cent more than Sinosteel's A$5.60-a-share hostile bid

Alibaba seeks buyers for Yahoo-owned stake

The Chinese internet company is in late-stage talks with a group of investors to raise the money to try to buy back Yahoo's multi-billion dollar stake should Yahoo eventually be acquired by Microsoft

Sinopec buys into Timor Sea oil assets

The Chinese oil group makes its first Australian acquisition after agreeing to pay A$600m for some of the assets of AED Oil in the Timor Sea

PCCW stems losses on pay-TV and mobiles

Hong Kong's leading telecoms group posts a 20% rise in net profit for last year after halting losses at its pay television and wireless units

Senior Merrill banker quits amid pressures

Wilson Feng has left his post as a chairman of China investment banking for Merrill Lynch to work in China's state-owned enterprises

China's small firms close to listings board

China is putting in place the final preparations for the launch of an equity market for smaller companies, the head of the country's capital markets regulator has said