Business Digest, January 8, 2013

China's sovereign wealth fund is considering buying a 4 per cent to 10 per cent stake in German carmaker Daimler, the website of the official People's Daily newspaper said at the weekend. The potential purchase comes as China Investment Corp seeks bargains in Europe's weak economy, the website said, citing unnamed sources. AFP

BYD, the Shenzhen-based carmaker backed by billionaire investor Warren Buffett, said it had gained official permission to sell its electric buses in all European Union member states, just weeks after the firm announced a plan to build electric buses in Bulgaria with a local partner. Reuters