World Business News

China remains the focus at world's biggest mining conference that is being held in Cape Town.Experts have projected China to remain as the largest importer of iron ore import not because it does not want to exhaust its resource but because the domestic raw ore is of poor quality.

Toyota Motor Corp reported on Tuesday a forecast-beating 51 percent rise in quarterly operating profit, defying the impact of a strong yen and Thai floods, and lifted its cautious annual forecasts closer to market expectations.

The Chinese unit of Citigroup will be the first non-Asian bank to launch credit cards in China.

The company that owns the KFC fast food chain has again reported solid growth figures fuelled by demand in China.