The scandal surrounding Husi, which is owned by OSI Group of Aurora, Illinois, has alarmed Chinese diners.» Read More
BEIJING— China's anti-monopoly agency announced an investigation Tuesday of Microsoft Corp., stepping up regulatory pressure on foreign technology companies.
BEIJING, July 29- A Chinese regulator said on Tuesday it is conducting an anti-monopoly investigation into Microsoft Corp over its Windows operating system, in the latest in a growing number of competition probes that have unnerved Western firms in China.
*Russia markets steadier after three days of selling, nerves remain. *China& Hong Kong shares buoyed by economic& stimulus hopes. LONDON, July 29- World shares hovered just below all-time highs on Tuesday as investors drew encouragement from a rally in Chinese markets and beaten-down Russian stocks enjoyed some respite after three days of heavy selling.
China's State Administration for Industry& Commerce was investigating a Microsoft vice president and senior managers, and has made copies of the firm's financial statements and contracts, the SAIC said on its website.
BEIJING, July 29- Military drills have become a new headache for China Eastern Airlines Corp and other Chinese carriers, causing hundreds of flight delays and cancellations just as they are grappling with a sharp decline in earnings.
BEIJING— A Shanghai court says American and British investigators who worked for drug maker GlaxoSmithKline will stand trial Aug. 8 on charges of illegally obtaining information on Chinese citizens. 1 Intermediate People's Court said Tuesday that Yingzeng Yu and her husband Peter Humphrey will have a "public trial."
HONG KONG, July 29- China shares finished at their highest this year on Tuesday, with turnover strong as investor confidence improved after recent encouraging data and growth-friendly policies. The CSI300 of the leading Shanghai and Shenzhen A-share listings rose 0.3 percent, in its eighth daily gain in a row.
*China& Hong Kong shares buoyed by economic& stimulus hopes. "The recent rally of Hong Kong and China stock markets is pretty much liquidity-driven due to favorable fund flow. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.33 percent to be just a whisker from a peak last touched in April 2011.
*China South City drops after reports on bulk sale of its shares. HONG KONG, July 29- China shares hovered near the year's highs on Tuesday while Hong Kong's key index edged up from its best close in more than 3-1/ 2 years on spillover from improving views of the Chinese economy.
With PlayStation network, Sony goes back to the future in search of revival. TOKYO- Japan's Sony Corp is hammering out plans to rise from the ashes of nearly $10 billion lost in six years by building a future around its last consumer electronics blockbuster- the PlayStation.
BEIJING, July 28- Microsoft Corp appears to be the latest U.S. company targeted by China for anti-trust investigation after government officials paid sudden visits to the software firm's Chinese offices on Monday.
SYDNEY, July 29- Asian shares touched fresh three-year highs on Tuesday as investors in the region drew encouragement from a rally in Chinese markets, though caution was widespread given the torrent of U.S. economic news still to come this week.
SHANGHAI/ HONG KONG, July 29- With green-tea flavoured toothpaste and pickled plum juice, an army of Chinese retailers is tapping local tastes to whittle away market share from global rivals that are banking their future growth on the world's second-largest consumer market.
BEIJING, July 28- Microsoft Corp appears to be the latest U.S. company targeted by China for antitrust investigation as government officials paid sudden visits to the software firm's Chinese offices on Monday.
*Freeport expected to export 756,000 T copper concentrate. LONDON, July 28- Copper was steady on Monday as investors weighed increased supply from Indonesia against prospects for higher demand, while lead was near a 1-1/ 2 year high, tracking related metal zinc.
LONDON, July 28- Copper was little changed on Monday as investors weighed increased supply from Indonesia versus prospects for better demand, while lead was near a 1-1/ 2 year top, catching up with recent gains in its sister-metal zinc.
BEIJING, July 28- Chinese government officials have made sudden visits to Microsoft Corp offices in China, a spokeswoman for the company said on Monday, but declined to give any reason for the inspections.
*China ops to come under direct control of U.S. headquarters. "This is my company and events like these have a personal toll... they simply don't represent the values I stand for or those of my company," Sheldon Lavin, the millionaire chairman, CEO and owner of Illinois- based OSI Group LLC told a news conference in Shanghai.
The president of OSI Group, David G. McDonald, declined to give details of what the company has found at Shanghai Husi Food Co. A Shanghai TV station reported last week that Husi sold expired beef and chicken to restaurants including McDonald's and KFC.
HONG KONG, July 28- China shares jumped on Monday, with Hong Kong's index hitting its highest close in more than 3-1/ 2 years, on growing bets that the world's second-largest economy has turned a corner and as investors expect more growth-friendly policies.