On Friday, China Merchants Holdings signed a whopping $911 Million joint venture agreement to fuse together its port facilities in the area's Qingdao Port with those of its partners in the deal including COSCO Pacific and A. P. Moller Mearsk.

As confirmed by Qingdao Port, the merger would be much beneficial to China's second largest trade port in a time when the worldwide sector is in the process of restructuring in light of the recent global financial downturn.

On Friday, Beijing Autos shared that it is looking to explore "further cooperation" with General Motors' Saab Automobile like "new energy vehicles", and the development has followed an earlier announcement that the China based manufacturer would purchase Saab's car and engine technology from the struggling automobiles maker.

As confirmed by Beijing Autos' President Wang Dazhong, Saab is also looking for his firm to import and sell Saab brand vehicles in the Chinese automobile market, which this year has been designated the world's biggest auto sector.

According to a study of Jewish women in Ontario about one per cent carries a genetic mutation increasing the risk of breast and ovarian cancer. More than 50 per cent of those identified would not be eligible for DNA testing under current provincial rules.

Canada based Research in Motion Ltd, the manufacturer of popular Smartphone Blackberry, recorded a significant rise in its sales beating the forecasts of Wall Street analysts.

The firm also said that it has been in the process to make China Telecom as its Blackberry partner in China.

RIM Co-chief Executive Jim Balsillie, "We are pleased to report record shipments of more than 10 million Blackberry smart phones during the third quarter with higher than expected revenue, earnings and subscriber growth."

The China Internet Network Information Center, a semi-government body that administers China’s domain names, is set to make registration process more rigorous. The move is aimed to strengthen the government’s anti-porn campaign started in August.

Government would also announce reward for such people, who gives credible information regarding porn sites.

Singapore Airline is going to make major changes on its air routes in a bid to streamline its air operations. The carrier may increase frequency to various routes besides suspending operations to some destinations including Pakistan and Nanjing in China. The last Singapore-Karachi-Lahore flight and Singapore-Nanjing service would be on February 17 and March 26.

Private-equity firm Apollo Global Management will be acquiring Cedar Fair in a $2.4 Billion deal, which also includes refinancing of the latter's debts, as has been confirmed by the both the parties involved.

The major buyout of the parent company of Knott's Berry Farm by an equity firm is being looked at as a sign of confidence in the future of various theme parks, according to opinions shared by analysts on Thursday.