SINGAPORE China’s Ant Financial has raised its offer for electronic payment firm MoneyGram International Inc (MGI.O) and the deal was unanimously approved by the U.S. firm’s board, outbidding rival Euronet Worldwide Inc (EEFT.O). Ant, the…
Posts By admin
Sacking of Chinese Insurance Regulator Foretells Further Financial House Cleaning
China’s powerful financial sector has officially been put on notice. Xiang Junbo, chairman of the China Insurance Regulatory Commission (CIRC), was placed under investigation for “severe disciplinary violations” last week, according to the Chinese ……
Trump says the U.S. is 'working with China' to deal with North Korea and doubles down on his position that they are NOT currency manipulators
China advocates to resolve the issue through peaceful means, and is willing to maintain communication and coordination with the US on the Korean Peninsula issue,’ according to the official statement. At a news conference the…
China to post solid, steady first-quarter growth on building boom, but debt risks loom
A strong reading could help wobbly global financial markets but add to worries that China’s government is still relying too heavily on old growth engines like stimulus and not doing enough to tackle risks from…
Sacking of Chinese Insurance Regulator Foretells of Further Financial House Cleaning
China’s powerful financial sector has officially been put on notice. Xiang Junbo, chairman of the China Insurance Regulatory Commission (CIRC), was placed under investigation for “severe disciplinary violations” last week, according to the Chinese ……
China tightens financial conditions more visibly to stem asset bubbles: CICC
A notable deceleration of China’s credit expansion indicates a more prudent monetary policy stance enabling it to address inflating asset bubbles, according to a recent report by China International Capital Corp. (CICC). Adjusted growth of…
China Raises CPEC Investment to $62b
China has again hiked its investment in the China Pakistan … fuel growth and the country is likely to achieve the GDP growth rate of 5% during current financial year. In fact, a number of…
Trump Says China ‘Working With Us’ on North Korean Issue
President Donald Trump explained the decision to not label China a currency manipulator, which reversed a promise he made during the election campaign, as a function of receiving Beijing’s help in reining in North Korea.…
Trump pulls his punches on China and Germany
Trump’s policy reversal on China sends a signal to global finance chiefs ahead of next week’s meeting in Washington, D.C., that Trump could soften the aggressive trade positions he staked out during his campaign. (…
China and Canada in a game of economic footsie
The two leaders agreed on a 100-day plan to discuss the American trade deficit. China even identified some concessions it was willing to make, the Financial Times reports but the Chinese are pointedly exploring other…
Report shows gap between Asian and Western financial hubs is narrowing
A tourist poses in front of the bull statue at the Bund in Shanghai. The city has progressed in rankings of global financial centers. [Photo by Yan Daming/For China Daily] The wide gap in financial…
Harder on Russia and softer on China, Trump's views evolving
Trump’s declaration came at a joint news conference with the leader of NATO … As he shifts away from Russia, Trump is offering an outstretched hand to China. Trump recently hosted Chinese President Xi Jinping…
Fostering global prosperity: China and US innovation policy
“The direction of China’s science and technology development is innovation, innovation, and innovation.” – President Xi Jinping, 2014 “The White House Office of American Innovation will focus on implementing policies and scaling proven private-sector ……
ADVERTISEMENT
