Sinopec Corp will sell a 107.1 billion yuan ($17.5 billion) stake in its retail unit to a group of 25 Chinese and foreign investors, Asia's top oil refiner said in a statement on Sunday.
Investors
Danaher to buy Nobel Biocare for $2.2 billion
U.S. healthcare group Danaher Corp (DHR.N) is to buy Nobel Biocare Holding AG (NOBN.S) for an agreed $2.2 billion to become the world's biggest player in a dental implants market benefiting from growing demand for cosmetic dentistry.
Investors team up to find path through risky dark pools
Stock investors who recognize the risks of trading in anonymous "dark pools" but are unwilling to spurn them have found an alternative: club together.
Weak Chinese demand may push zinc stocks to LME warehouses
More refined zinc is likely to be shipped from bonded warehouses in China to warehouses approved by the London Metal Exchange in Asia in the fourth quarter as tight credit crimps domestic demand at a time of increased imports, traders said.
London designers target fashion-hungry shoppers with 'tech firsts'
Fueled by the boom in online sales for the latest trends, London's designers are finding new ways to deliver instant gratification to fashion hungry shoppers, amid high hopes of boosting growth in the sector.
Latest News
Dutch brewer Heineken HEIN.AS said on Sunday it was approached by larger rival SABMiller SAB.L about a potential takeover but that its controlling shareholder intended to keep the company independent.
Asian stocks stumbled to a five-week low on Monday after a batch of disappointing data out of China raised the specter of a sharp slowdown in the world's second-biggest economy.
The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran.
A chance to buy the candy empire of Ukrainian President Petro Poroshenko is the kind of opportunity in a fast-growing market that would normally have multinational confectioners - like Nestle or Cadbury's parent Mondelez - drooling at the prospect.
Standing with bags of groceries outside discount store Lidl in Thetford, eastern England, Jodie McGloughlin explains simply why she turned her back on Britain's biggest retailer - its high prices.
China will pledge to invest billions of dollars in India's rail network during a visit by President Xi Jinping this week, bringing more than diplomatic nicety to the neighbors' first summit since Narendra Modi became prime minister in May.
German insurer Allianz is planning to sell the personal insurance business of its U.S. subsidiary Fireman's Fund as the unit continues to miss its targets, a German newspaper reported.
An Acura RLX sedan demonstrated an unusual way to tow another car this week: the vehicles were not physically attached. The second car drove itself, following instructions beamed over by the first in a feat of technology that indicates a new stage in automation is happening faster than many expected.
Hewlett-Packard Co is exploring the sale of its web-based photo sharing service Snapfish, and has held discussions with multiple private equity and industry buyers, a person with knowledge of the situation said.
