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Foreign business news in brief including from Beijing that BASF AG has secured limited recourse financing worth US$1.4bil from a consortium of banks jointly led by Industrial and Commercial Bank of China and Citibank for BASF-YPC Co Ltd, the German company's US$2.9bil joint venture with China Petroleum Chemical Corp.
Media company tom.com has confirmed it is in early talks on buying a stake in AOL Time Warner Inc#8217;s China Entertainment Television (CETV) channel, which broadcasts in south China.
A PRIME slice of Hong Kong#8217;s colonial past #8211; the Daimler limousine that ferried former British prime minister Margaret Thatcher and the last governor, Chris Patten, around town #8211; is to be auctioned off.