Ernst & Young Hong Kong was ordered to give the city’s Securities and Futures Commission audit papers for a Chinese water treatment company that the accounting firm said it couldn’t because of Chinese laws.
A group of Chinese residents of New York who sued the People’s Republic of China last year claiming the government censored their writings asked a federal court in New York for a $17.4 million default judgment because the country didn’t answer the complaint.
Less than two decades after China fired missiles into the sea off Taiwan, the first formal meeting between the two sides’ governments may pave the way for discussion of political ties after 65 years of division.
Taiwan’s President Ma Ying-jeou called for greater freedom and democracy in China as the island celebrates its National Day and the 100th anniversary of the revolution that was a precursor to both governments.
China’s anti-corruption agency is investigating the chairman of China Travel International Investment Hong Kong Ltd. for violations during his tenure at a unit of state-owned enterprise China Resources Holdings Co.
John Leahy, chief operating officer at Airbus SAS, spoke yesterday about the outlook for global aircraft demand. The world’s largest maker of commercial aircraft said airlines will buy 25,000 planes worth $3.1 trillion over the next 20 years, buoyed by Asian sales and increased demand for single-aisle models. The forecast is 3 percent higher than the 24,300-aircraft, 20- year requirement predicted by Toulouse, France-based Airbus in February 2008. Laurent Rouaud, senior vice president of market and product strategy, and Stefan Schaffrath, head of media relations, also spoke at the news conference in London.