KFC parent company Yum Brands Inc said that the delay in sales recovery in China would take longer than expected, said Reuters.
China
ZTE Corp plan to expand to US market
The US is the next frontier for ZTE, as it partners with the NBA's Houston Rockets. The third largest smartphone seller in China, ZTE Corp, had laid out plan to become the one of the top three handset companies in the the next three years.
CNOOC overpays Nexen acquisition deal- special report
State-backed China National Offshore Oil Corp might have overpaid for the acquisition of Canada-based Nexen Inc, according to a Reuters special report.
GAIL India to partially divest shares in China Gas
GAIL India agrees to sell off shares through block sales in China Gas Holdings. GAIL, the state-run gas company, had offered to sell USD65 million worth of stocks in China Gas Holdings Ltd.
Greenland Holding co-develops New York project with Forest City Ratner
China-based property developer Greenland Holding Group would be co-developing the Atlantic Yards Apartment Project in New York with Forest City Ratners Cos.
