For the Japanese firm, Uber represents the third major investment in a ride-sharing company, having previously backed China’s Didi Chuxing and Southeast Asian taxi-hailing app Grab. In July, DiDi Softbank invested a combined $2bn in…
Monthly Archives For October 2017
GIC Re’s ₹11,372-crore IPO to open on October 11
State-run General Insurance Corporation of India (GIC Re) on Wednesday announced the launch of its Initial Public Offering of ₹11,372 crore (at the upper band), making it the third-largest IPO to hit the … such…
Why This Asian Property Tycoon Couldn’t Care Less About S&P Downgrading China
Girlfriend of Las Vegas gunman says she had no warning about massacre Is China accumulating too much debt? According to Standard & Poors, the move to downgrade the country’s sovereign credit standing is a resounding…
Soaring rates of ‘shadow banking’ add to fears of Chinese debt, warns World Bank
Fears that the steep growth of shadow banking could trigger a debt crisis in China’s have been highlighted by the World Bank. In its October report on the East Asian and Pacific economies, the Washington-based…
China Prefers Patriotic Entrepreneurs
This relationship has become more complex since China opened up its economy from the latter part of the 1970s. Post decades of red-hot economic growth, President Jiang Zemin took the decision in 2001 to accept…
Hong Kong-listed China shares hit two-year high, led by banks
Turning to some additional key metrics, the 14-day ADX for China Unicom [Hong Kong] Ltd (CHU) is 11.24. In general, a rising ADX line means that an existing trend is gaining strength. The ADX was…
China’s twenty-year dream of SOE reform still unfulfilled
Still, the current reforms continue to target parent firms — China Unicom has made headlines — hoping board members from the private sector will influence corporate governance, which will then translate into improved profits. An…
BRIEF-Interactive Entertainment China Cultural Technology expects increase in QTRLY Profit
* Expects to record substantial increase in unaudited consol profit attributable for qtrly * Increase in profit mainly attributable to fair value gains on financial assets Source text for Eikon: Further company coverage: Our Standards:The…
World Bank raises East Asia growth forecasts, sees geopolitical risks
Excluding developed economies such as Japan and South Korea, the higher rate is led by China, whose growth projection was revised up 0.2 point to 6.7 per cent, the bank said in its latest East…
Guinea-Bissau Reduces Outstanding Debts with China’s Exim Bank by 90%
Following an official request for support from the Government of Guinea-Bissau, the African Legal Support Facility (ALSF) has provided creditor litigation support and advisory services to Guinea-Bissau during outstanding debt negotiations with the Export ……
Whiff of monetary easing sends China stocks to 2-year high
Mainland stocks listed in Hong Kong closed at their highest level in more than two years on Wednesday after China’s central bank cut the share of deposits that commercial banks must hold in reserve. The…
World Bank raises China GDP growth forecasts
The World Bank has raised its forecast for China’s GDP growth in 2017 to 6.7 percent and 6.2 percent in 2018, from a previous forecast of 6.4 and 6.2 percent respectively. “The economic outlook for…
China seen staying the course on monetary policy: survey
“We think with more consolidated power after the 19th [party congress], President Xi will kick off more real but painful reforms,” said Shen Jianguang, chief China economist at Mizuho Securities Asia. Many also expect the…
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