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January 14, 2018 2:19 PM ‘No hope’ for 29 missing sailors as burning oil tanker sinks off coast of China

The ship had been burning for days after a collision with another ship in the East China Sea. TEHRAN, IRAN—A burning Iranian tanker listing for days off the coast of China after a collision with another vessel sank Sunday, with an Iranian official saying there was “no hope” of survival for the 29 missing sailors onboard. State TV quoted Mahmoud Rastad 12

January 8, 2018 5:44 PM China says Iranian oil tanker still burning, at risk of exploding after collision

HONG KONG—Rescuers were searching Monday for crewmen missing from an Iranian oil tanker that had collided with another ship off China’s coast, leaving the tanker in flames and at risk of exploding and sinking, Chinese authorities said. The Panamanian-flagged tanker, the Sanchi, collided with the CF Crystal, a Hong Kong-registered bulk freighter, around 14

January 7, 2018 2:48 PM Crew of 32 missing after oil tanker and freighter collide off China coast

The oil tanker caught fire after the collision off China’s east coast, leaving the ship’s entire crew missing. BEIJING—An Iranian oil tanker collided with a bulk freighter and caught fire off China’s east coast, leaving the tanker’s entire crew of 32 missing and causing it to spill oil into the sea, authorities said Sunday. Chinese authorities dispatched 13

December 27, 2017 9:41 PM Nexen Energy facing charges following 2016 explosion that killed 2 oilsands workers

The men had been doing maintenance work in a hydrogen compressor building at the company’s Long Lake upgrader near Anzac on Jan. 15, 2016, when there was an explosion. Drew Foster, 52, of Niagara Falls, Ont., was pronounced dead at the scene and David Williams, 30, of Scotchtown, N.S., later died in hospital. Nexen Energy, a Calgary-based subsidiary 14

December 8, 2017 4:41 PM Aecon Group wins two regulator approvals for $1.5B sale to Chinese buyer

The deal with CCCC International Holding Ltd., however, still faces a review under the Investment Canada Act. Aecon (TSX: ARE) says it has received a "no action" letter granting approval under the Canadian Competition Act and it has been advised by the buyer that it has approval from the National Development and Reform Commission, a Chinese economic 16

December 7, 2017 12:14 PM Lego wins first China copyright case against imitators

HONG KONG -- Danish toy maker Lego says it has won a major legal victory in China, where a court ruled in its favour in a copyright case against companies making knockoffs of its famous colored bricks. The company said Thursday that it was the first time it has won an unfair competition case against imitators in China. It said the Shantou Intermediate 17

December 2, 2017 5:16 PM Hong Kong-based company to spend $350M to expand capacity in Ontario, premier says

HONG KONG -- Ontario Premier Kathleen Wynne says Johnson Electric will invest more than $350 million in new equipment and capacity in Ontario, which she says is expected to create 326 new jobs. Wynne, who is on a trade mission to China and Vietnam, made the announcement from Hong Kong, where Johnson Electric is based. She says the company, which makes 12

November 29, 2017 6:06 PM Disney chooses Chinese actress Liu Yifei to play Mulan

LOS ANGELES - It took a year of searching and nearly 1,000 candidates, but the Walt Disney Studios has found its Mulan. The studio says Wednesday that Chinese actress Liu Yifei will play the warrior in the live-action epic from director Niki Caro. The 30-year-old actress, who is also known as Crystal Liu, is well known in China as a model, actress and singer 14

November 28, 2017 9:41 AM Canadian accused in Yahoo hack pleads guilty in American court

SAN FRANCISCO -- A Canadian man pleaded guilty Tuesday to charges stemming from a massive breach at Yahoo that authorities say was directed by two Russian intelligence agents and affected at least a half billion user accounts. Karim Baratov appeared in a jail jumpsuit before a federal judge and entered the pleas to one count of conspiracy to commit computer 11

November 20, 2017 2:21 PM Alibaba takes $2.9 billion stake in food retailer

Alibaba said on Monday it would take a major stake in one of China's top food sellers for US$2.9 billion as the e-commerce giant expands further into the retail world. China's largest e-commerce platform has invested heavily in recent years to connect its online and offline portfolio of businesses, taking stakes in several Chinese grocers, shopping malls 34