BRIC

Russia and India in $10b Deal

Russia and India will sign defence and other deals worth more than 10 billion dollars during a visit by Prime Minister Vladimir Putin to New Delhi this week, a top official said Wednesday.
“A preliminary estimate shows that the volume of the business deals in monetary value will top 10 billion dollars,” Putin’s foreign policy aide [...]

Ford (NYSE:F) Sells Volvo to Geely (HK:0175)

China’s Geely Automobile (0175.HK) has secured financing to buy the Ford owned Volvo for 15 billion Swedish crowns ($2.10 billion USD), a Swedish business daily reported on Wednesday.
Dagens Industri, citing sources, said that Chinese financial institutions and regional government bodies had provided the money for Geely to complete its purchase.
The paper quoted its source as [...]

China Love’s USA Debt

China’s investments in US Treasury Bonds continues daily and should not be a political matter, according to the head of China’s foreign exchange administration, which manages the country’s US$2,400B in foreign exchange reserves.
Chinese investments in US Treasuries were “market investment behavior”, said Yi Gang, director of the State Administration of Foreign Exchange, on Tuesday. “We [...]

Buffett’s BYD Booms 1211.hk BYDDF

BYD (OTC:BYDDF) The battery maker turned Automaker is booming in their markets.
The History
•In 1995, BYD established.
•In July 1996, BYD passed ISO9002 authentication.
•In 1998, BYD EU Branch set up.
•In December 1998, BYD passed ISO9001 authentication.
•In 1999, BYD USA Branch set up.
•In 2000, BYD becomes Motorola’s first Chinese Li-ion battery supplier.
•In 2000, BYD Japan [...]

L’Oreal says sales up 17.7% in China

L’Oreal, the world’s Number 1 cosmetics maker, announced that its sales on the Chinese mainland grew 17.65% last year to US$1.2B, a double-digit increase for the 9th straight year in the country.
Sales in China had increased by nearly 14 times between Y’s 2001 and 2009, meanwhile the company was gaining more market share, at 11.7% [...]

India Wages to Grow by 10%

Wages in India will rise the fastest in the Asia-Pacific region, going up by a tenth in 2010, a recent survey suggested, another indication local firms are more confident of growth than their regional peers. Shayne Heffernan sees this as an opportunity for India to become a far more attractive consumer market.
“a 10% wage rise [...]

Microsoft Care Little for Google’s China Complaints

Microsoft (NASDAQ:MSFT) said it will maintain its development strategy for the China Internet search market regardless of the outcome of Google’s (NASDAQ:GOOG) high-profile tantrum with Beijing.
Microsoft has ingnored the conflict in China since Google announced a child like threat to take thier ball and go home, withdrawing from the market over political and not business [...]

Howard Schmidt Leads Google’s Attack on China

, is wary of faulting countries
Countries suspected of harboring criminal computer hackers are victims themselves, the new US cybersecurity policy chief said Thursday, suggesting that the US would not take a more confrontational tack against China and Russia.
“There’s a perspective that the government is somehow protecting bad guys in one place or another. I don’t [...]

Iran and Brazil, Banking and Nuclear Energy

Iran and Brazil appear likely to tie up in two areas of cooperation that could be game changers for the United States: banking and nuclear energy.
As Iran faces escalating pressure over its nuclear program it is trying to circumvent threat the threat of tougher sanctions by setting up banking operations abroad to keep its [...]

LyondellBasell and India’s Reliance Industries

The Indian oil and petrochemicals group has already increased its offer for the bankrupt U.S. chemicals group LyondellBasell. It could afford to go higher.
Some creditors would be tempted by a $15.5 billion offer. But there’s no certainty despite the high price. Reliance, which is known for not over-paying, should take its experiment elsewhere.
At the current [...]