Channel NewsAsia

27 Apr 2015 12:20

China plans mergers to cut number of big state firms to 40: state media

China will likely cut the number of its central government-owned conglomerates to 40 through a series of mergers, as Beijing pushes forward a plan to overhaul the country's underperforming state sector, state media reported on Monday.

  • 27 Apr 2015 06:05

    UK government would oppose any takeover of BP: FT

    Britain's outgoing government has told BP Plc that it wants the company to remain a British industrial champion and it would oppose any takeover of the oil producer, the Financial Times reported.

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