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China demand boosts Huawei profits

China demand boosts Huawei profits | Most things | Scoop.it

Chinese telecoms equipment maker Huawei has reported a 34% increase in annual profits, its fastest growth in profits for four years. Net profit for 2013 was 21bn yuan ($3.38bn; £2bn), compared with 15.6bn yuan the year before. Huawei said the growth was due to strong demand from China, as the country expands its 4G mobile network technology.

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Cement giants negotiate mega-merger

Cement giants negotiate mega-merger | Most things | Scoop.it

The world's two largest cement makers are in advanced talks to merge into a company that would have a stock market value of more than $30bn euros (£25bn).A deal between France's Lafarge and the Swiss Holcim group would be the industry's biggest ever merger.

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