As of the end of last year, the number of valid invention patents in China totaled 697,000, including 351,000 belonging to domestic owners, according to an official statement issued Tuesday. This is the first time that the number of valid … Continue reading
Growth of China’s tax revenues logged the slowest pace in three years in the first quarter of 2012 as a result of the country’s cooling economy, official data showed Tuesday. Tax revenues rose 10.3 percent year-on-year to 2.5858 trillion yuan … Continue reading
According to the latest data from the Office for National Statistics (ONS), UK retail sales volumes rose 1.8% in March. The ONS said warm weather in March had helped boost sales of clothing, footwear and gardening products. The rise follows … Continue reading
The Swiss company said its sales in the first three months of 2012 were 21.4bn Swiss francs ($23.4bn; £14.6bn), up 5.6% from the same period last year. The group behind KitKat and Nespresso said that the trading environment had been … Continue reading
The company had nominated new members to the board after all of its previous members quit in the wake of an accounting scandal. It has admitted to hiding $1.5bn (£1bn) in losses for as long as 20 years. However, former … Continue reading
EBay said first-quarter profit was $725m (£453m), up from $619m a year earlier. Revenue was $3.3bn, up 29% on 12 months ago. Results were again boosted by strong performance from its online payments unit Paypal, which accounted for about 40% … Continue reading
The US carmaker already has a big complex in Chongqing which is its largest global manufacturing location outside south-east Michigan. Two weeks ago, the company said it would build a third plant there by investing $600m. Ford aims to boost … Continue reading
Car exports rose 33.6% from a year earlier, with overall exports up by 5.9%, latest trade data showed. Japanese carmakers have also benefited from growing demand from key markets such as the US. Sales of cars and light trucks in … Continue reading
The company says that it will accelerate its plan to revamp its UK business, following January’s profit warning, the company’s first in 20 years. Speaking about the company’s problems chief executive Philip Clarke said “Tesco didn’t put enough into the … Continue reading
The US soft drinks giant announced a 6% rise in operating revenue to $11.14bn (£6.98bn) in the first three months of the year on the same period a year ago. It said it had seen volume growth in all regions … Continue reading
