BOSTON/NEW YORK (Reuters) – China’s regulatory-imposed revamp of Jack Ma’s Ant Group, transforming the hot fintech into a financial holding company, appears to have dented some investor appetite for …
Monthly Archives For April 2021
Taiwan launches shipbuilding program amid China threats
KAOHSIUNG, Taiwan (AP) — Taiwan launched an amphibious transport ship Tuesday that’s the first from its new naval shipbuilding program begun as China escalates its threats to use military force to …
Beijing market regulator fines 360 search engine company for false advertising
BEIJING (Reuters) – A market regulator in Beijing fined the subsidiary company of search engine 360 2 million yuan ($306,000) for false advertising, by state-owned newspaper Beijing Youth Daily …
China’s Trade Surges as Global Economy Recovers from Pandemic
China’s trade jumped in March, a sign that the global recovery from the Covid-19 pandemic is well on track as vaccine rollouts around the world pick up pace.Exports climbed 30.6% in dollar terms in …
Family funds eye China’s local brand boom despite bilateral tensions
Jonathan Belz says wealthy Australian and Chinese family investors are hungry for cross-border investment deals despite hostile bilateral relations.
Iron Ore Gains on China’s Import Surge as Focus Turns to Costs
China also plans to strengthen controls on raw … daily average iron ore exports from Brazil were 1.32 million tons in the first six business days of April, compared with 1.2 million in the …
Bonds of China’s largest bad debt investor plunge to record low
The prices of bonds issued by China’s largest manager of distressed debt tumbled to record lows as global investor fears mounted over its financial health following the execution of its former chair …
Some investors lukewarm on China’s Ant Group if revived after revamp
BOSTON/NEW YORK (Reuters) – China’s regulatory-imposed revamp of Jack Ma’s Ant Group, transforming the hot fintech into a financial holding company, appears to have dented some investor appetite for …
China’s imports pick up further, exports strong in March
China’s imports and exports boomed again in March, data showed Tuesday, reaffirming the recovery in the world’s number-two economy continues apace and demand picks up in key overseas markets as they …
China’s exports missed forecast in March, while imports rose more than expected
The country’s imports in U.S. dollar terms rose 38.1% in March from a year ago, exceeding the 23.3% increase those analysts had forecast. Paras Anand, Asia-Pacific chief investment officer at Fidelity …
BioDuro-Sundia Completes First GMP Drug Product Manufacturing at New China Site
BioDuro-Sundia, a leading drug discovery and development services organization backed by Advent International, announced today it has successfully com …
Alibaba shares rise 2% after Beijing orders Ant Group to revamp business
The Ant Group restructuring and a $2.8 billion anti-monopoly fine for Alibaba removed a major source of uncertainty for investors in the e-commerce giant.
Beijing makes Ant’s credit less addictive
In a separate statement, the People’s Bank of China and other regulators said that under a “comprehensive and feasible restructuring plan,” Ant would cut the “improper” linkage between payments …
