U.S.-based United Against Nuclear Iran has applauded China's Huawei for ending its bid to seek new business in Iran.

Coach, a leading American designer and maker of luxury lifestyle handbags and accessories, has signed a memorandum of understanding with Taobao.com, the Chinese Internet shopping subsidiary of Alibaba Group, to prevent the sale of fake Coach products on this Chinese website.

The Coalition for American Solar Manufacturing has responded to statements made by China's Ministry of Commerce regarding the anti-dumping petitions filed by SolarWorld Industries America Inc. against China's alleged trade practices.

As part of claims made that its staff bribed government officials in China, U.S.-based cosmetics giant Avon says it is continuing its internal corruption investigation.

PPG Industries announced that it and its wholly-owned subsidiary, PPG Paints Trading Shanghai, have reached a settlement with the U.S. Department of Justice and the U.S. Department of Commerce's Bureau of Industry and Security related to violations of U.S. export control laws in connection with certain paint shipments in 2006 for use by the Pakistan [...]

The global financial crisis has hit Chinese PC maker Lenovo and it has announced that it will cut approximately 11% of its total global workforce, and the company expects to report a loss for the fiscal quarter that ended December 31, 2008.

Siemens AG announced that legal proceedings against it arising from allegations of bribery in China and other countries were concluded on the same day in Germany and in the United States, and Siemens will pay total fines and penalties of about EUR1 billion.