The mother of an American college student arrested in central China following an altercation with a taxi driver five weeks earlier said police are demanding the equivalent of a $7,400 “ransom” for his release. Jennifer…
Monthly Archives For July 2017
140,000 live Canadian lobster sold to China in 24 hours
Nathan Song, Bay Shore Lobster According to a news release from the company … so that’s around 50,000 pounds from just us.” Song, who was born in China, said China has recently emerged as a…
American student detained in China doing OK, senator’s spokeswoman says
McLean grew up in China, where his mother Jennifer McLean teaches English. In recent years he has been enrolled at the University of Montana, according to CBS News affiliate in Missoula, Montana, KPAX-TV. In late…
American student detained in China after dispute with cabbie
Police in central China have arrested an American college student on charges of intentional injury following an altercation with a taxi driver, according to the student’s mother and a family friend. Guthrie McLean was formally…
University of Montana student wrongfully detained in China, mother says
Guthrie, who spent most of his life growing up in China before transferring to the Montana school … “He basically refused to give her the proper change,” he told the news station. “There was a…
Diplomatic channels ‘unimpeded’ to resolve standoff: China
China said today that diplomatic channels with India remained “unimpeded” to discuss the military standoff in Sikkim sector but reiterated that the withdrawal of the Indian troops from Doklam area is a “precondition” for any…
China aiming to unilaterally change tri-junction status: Govt
China intends to unilaterally change the status of the tri-junction with Bhutan, posing a challenge to India’s security, External Affairs Minister Sushma Swaraj said today. Observing that China was demanding the withdrawal of the Indian…
EXCLUSIVE-U.S. Cardinal Health puts $1.5 bln China business on block – sources
HONG KONG, July 20 (Reuters) – U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up…
U.S. bank card companies to seek licenses to operate in China in months
U.S.-based payment card companies, including American Express, MasterCard and Visa, are preparing to submit licence requests to operate in China within months, according to three people with direct knowledge of the matter. The long wait…
Exclusive: U.S. bank card companies to seek licenses to operate in China in months
HONG KONG (Reuters) – U.S.-based payment card companies, including American Express (AXP.N), MasterCard (MA.N) and Visa (V.N), are preparing to submit license requests to operate in China within months, according to three people with direct…
China stocks rise as investors pile into banking and consumer shares
Even badly bruised small caps shrugged off early weakness to end the morning higher, though traders were not sure if their recent sharp correction has ended. The blue-chip CSI300 index rose 1.1 percent to 3,707.23…
China’s Central Bank Sheds Light on How Much State Spending Matters
Start your day with what’s moving markets in Asia. Sign up here to receive our newsletter. China’s central bank is offering investors an unprecedented running commentary on how it deals with one of the most…
Xi’s Risk-Off Push Ripples Through China as Transition Nears
Some Chinese lenders received an order from the China Banking Regulatory Commission earlier this month to lower their rates on WMPs, according to people familiar with the matter. The requirement applies to on-balance sheet WMPs,…
