After finalizing the agreement about the sale of Hummer, James Taylor, the Chief Executive Officer of General Motor's legend brand Hummer, showed his strong confidence that the deal will be approved by the Chinese government despite a large amount of doubt coming from China.

Accotding to Financial Times, the Chinese chemicals group seeking to acquire a Hungarian company owned by Permira, the UK buy-out fund, would not be a "disruptive force" if takeover talks succeed, according to its top executive.

General Motors Co. said talks to sell the Hummer line of sport-utility vehicles to Sichuan Tengzhong Heavy Industrial Machinery Co. remain “on track” after the companies didn’t conclude the deal in the third quarter.

The Hungarian government will not grant a loan to local chemicals producers BorsodChem either via the Hungarian Development Bank (MFB) or any other state institution, the Ministry for National Development and Economy has announced on Friday. Its statement comes on several recent press reports about a possible bailout of the debt-ridden company by MFB or the state. The ministry also underlined that it does not hold a stake in BC.

The Greek Piraeus Port Authority on Wednesday signed an agreement on transferring the operation of Piraeus container terminals to China's COSCO Pacific Ltd.