According to foreign media reports, Apple on Wednesday has surpassed Microsoft as the largest technology company by market capitalization.

Apple now has a market cap of 222 billion US dollars versus Microsoft's 219 billion dollars, according to Reuters.

More than 140 Chinese companies have been listed at Nasdaq, nearly four-fold the figure in 2009, said Robert McCooey, Nasdaq senior vice president in north China's Inner Mongolia Autonomous Region Tuesday.

McCooey was on a three-day visit in Inner Mongolia, leading a group of Nasdaq Corporate delegation members.

GAIC Honda announced yesterday it will expand its volume of production by 12,000 units to 48,000 units per year.

The newly added will be produced in its first plant, the HuangPu plant.

China's Industrial Bank (601166.SH) last night issued a notice of suspension, stating that it will raise up to 18 billion yuan in a rights issue to boost its capital adequacy ratio, starting Tuesday and will resume trading in June 2.

The bank will sell up to 2 shares for every 10 held by shareholders through a rights issue.

Upon the completion of the financing, the bank's capital adequacy ratio would stand above 9 percent, according to analysts.

Industrial and Commercial Bank of China (ICBC) announced yesterday the bank's total assets have reached 12.5 trillion as of the end of March, 2010, the largest company in China.

ICBC is also the world's most profitable bank, with a total net income of 41.73 billion yuan for the first three months this year.

China's Sinochem Corporation agreed to buy a 40 percent stake in a greenfield Brazilian oil field for $3.07 billion in cash.

China's Sinochem Corporation (Sinochem) Saturday agreed to buy a 40 percent stake in a greenfield Brazilian oil field for $3.07 billion in cash, said the company in a statement on its website.

This has been the largest foreign acquisition so far by Sinochem.

Datang Telecom Technology (600198) plans to jointly set up a five billion yuan private equity fund with three companies in Jiangsu Province, said the company yesterday in a statement.

The fund aims to invest in private companies in the Internet Of Things sector.

The share price of Datang Telecom rose 4.92 percent to close the morning session at 14.5 yuan.

Man Group PLC, the world's largest publicly traded hedge fund, announced it has reached a deal with GLG Partners Inc worth 1.6 billion U.S. dollars to create a combined company.

Under the terms of the deal, Man Group will pay 4.5 U.S. dollars per for each share of GLG.

The combined company will mange 63 million U.S. dollars in world wild assets.

The deal is expected to be concluded in September 2010.

China's Anshan Iron & Steel Group Co.,(Anshan) confirmed yesterday it would invest in a steel mill in the United States.

The state-owned firm has already signed investment, technology and sales agreements with the U.S. Steel Development Company (SDCO) in New York on May 13.

Under the agreements, Anshan and the Mississippi-based SDCO will establish five steel mills with the first rebar facility now under construction in Amory.

The India government has given Huawei and ZTE one month to disclose full details of their ownership on grounds of national security.

India has requested two Chinese firms, Huawei Technologies Co. and ZTE Corp. to disclose full details of their ownership in one month, concerning that foreign telecom makers are a national security threat as they can have spying technology embedded in their equipments.