China Says Interest Rate Cut Not Quantitative Easing

BEIJING - China's central bank, the People's Bank of China (PBOC) has trimmed the benchmark loan and deposit interest rates starting 11 May as...

Coke to Acquire Beverage Unit of China Drinks Maker for USD400-Million

HONG KONG - American softdrink giant Coca-Cola has reportedly agreed to acquire the beverage business of China Culiangwang Beverages Holdings Ltd for about USD400...