China Oceanwide has agreed to buy all the shares in New York-listed Genworth Financial, which is the 52 per cent shareholder of Genworth Mortgage Insurance Australia (GMIA). China Oceanwide is set to become the biggest…
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China stocks flat as financial shares gain on signs of improvement; HK down
SHANGHAI, Oct 28 China stocks were little changed on Friday morning, as investors, haunted by fears of persistent yuan depreciation and tighter liquidity, sifted through a slew of corporate earnings to assess China’s economic health.…
German minister ups rhetoric against takeovers ahead of China trip
In China, on the contrary, foreign direct investments by European … Under German law, the government can block takeovers only if they jeopardise energy security, defence or financial stability. Gabriel is pushing for a Europe-wide…
Here's what China has to do to avoid a financial crisis
In a week when China announced that its economy grew 6.7% year-on-year for the third quarter in succession, it’s not the steady, near-unbelievable stability in the figure that has the markets talking. Rather, it’s one…
China Railway : After backing many losers, China rethinks financial diplomacy
When China signed up to build Venezuelas Tinaco-Anaco Railway in 2009, the scheme was hailed as proof of the effectiveness of the socialist brotherhood. Gleaming new Chinese trains were envisaged whisking passengers and cargo along…
Tianhe CBD courts finance industry
As the most important CBD in South China, it has offices for 140 Fortune 500 companies and boasts annual merchandise sales of more than 1 trillion yuan ($154 billion) in dozens of shopping malls. “A…
In China, some Apple users opt for iPhone makeover rather than buy new
Apple did not immediately respond to requests for comment. The U.S. firm posted a third straight quarter of declining iPhone sales globally on Tuesday, and said Greater China revenue slipped 30 per cent to $8.79-billion…
China’s billionaires club of entrepreneurs embarks on cross-Canada tour
Cheng also believes the recent visit by the youthful Trudeau caught the attention of China’s younger generation, which she says is a large market with considerable buying power. Canada’s business community is set to roll…
Govt signs off more slots for China flights
This summer that new upper limit will be close to being reached with flights between Auckland and Christchurch airports and cities in mainland China. New carriers Hainan Airlines and Tianjin will enter the New Zealand…
China goes from red-alert pollution to green energy
The city of Foshan is in the middle of China’s manufacturing heartland. It may be big and noisy, factories gushing consumer products and pollution, but its new city bus glides along almost silently, producing no…
The ever-growing power of China’s Xi Jinping
At the beginning of this week China’s leader Xi Jinping was not officially “at the core” of the Communist Party. Now he is. Why should that matter? Because, in China, little words have big meanings.…
In ‘failure of U.S. democracy,’ China’s strongmen see a chance to get stronger
China’s state-run media, too … “U.S. presidential elections are neither democratic nor civilized,” the Xinhua news agency jeered. The Communist Party-run Global Times pointed out earlier this year that “Mussolini and Hitler came to power…
When China Wants Better Air Readings, Cotton Does the Trick
released a statement on Tuesday saying that the news “should serve as a warning to officials around the country that the central government is serious about punishing environmental abuses.” Xi’an is in northern China, a…
