FILE PHOTO: Indian Prime Minister Narendra Modi and Chinese President Xi Jinping leave after a group picture during BRICS (Brazil, Russia, India, China and South Africa) Summit in Benaulim Thomson Reuters BEIJING (Reuters) – China’s…
BUSINESS
Crown profits fall as VIP business almost halves after China crackdown
James Packer’s Crown Resorts is reconsidering its long-running business of luring wealthy foreign high-rollers to Australia amid the scandal over its actions in China and a massive revenue slide in its VIP program. The casino…
Centre looks to trim drug input imports from China
“If tensions escalate, we worry it will cast a shadow on business,” said an executive whose company imports raw materials from China. ( read original story …)
Doubts about the future for China’s nuclear export business
Global interest in nuclear energy is experiencing a lull, prompting valid questions about China’s decision to invest in such technology as a long-term export market. Many existing nuclear projects are dependent on Chinese financing; China’s…
Samsung reshuffles China’s business by closing 7 outlets
Korean tech giant Samsung Electronics has announced it will reshuffle its business in China and close seven outlets amid sluggish business results in the world’s largest smartphone market, according to foreign media reports. An official…
Air China to fly Dreamliner to New York
Both aircraft’s business class offers a fully flat seat, though the seat products themselves are different. Details of the three-times weekly service are as follows (all times local): Meanwhile, another of Air China’s Beijing-New York…
One of China’s leading marketplace lenders has raised $220 million to fuel regional growth
both in China and regionally, to seriously compete. Moreover, business from these titans is valuable, so most governments would be unlikely to turn them away if they wanted to enter their jurisdictions. In short, this…
Qinhuangdao Port to commence IPO on Shanghai Stock Exchange
but later gave up the plan and moved the IPO to Hong Kong Stock Exchange. Qinhuangdao Port is a major coal transshipment port in China and one of the largest dry bulk shipping port in…
U.S. businesses fear Trump mishandling of China IP, trade probe
but his administration may not be up to the delicate task of carrying out a new China probe without sparking a damaging trade war, U.S. business lobbyists told Reuters on Thursday. The lobbyists’ fears that…
China’s Internet Censors Play a Tougher Game of Cat and Mouse
The censorship drill targeted tools that many in China use to thwart the country’s vast online censorship system, though internet companies said it also hit some sites at random. One Beijing online video company watched…
Chinese bank IPOs in Hong Kong suffer in the shadows
That would be the potential risk inherent in the system,” said Vincent Yao, PwC China Financial Service Partner. Zhongyuan Bank, the largest city commercial bank in the central Henan Province, is one example. The lender,…
Exclusive: Goldman Sachs buys into Aramco $10 billion loan as it seeks IPO role – sources
DUBAI (Reuters) – Goldman Sachs (GS.N) has bought a slice of Saudi Aramco’s IPO-ARMO.SE $10 billion credit facility as … JPMorgan, HSBC and Bank of China. Aramco plans to raise $100 billion through the listing…
What Do Chinese Stocks Sina, Alibaba And Weibo Have In Common?
XAutoplay: On | Off Sina, one of China’s largest online portals, spun off Weibo ahead of its 2014 IPO and still maintains a controlling interest in the so-called Twitter of China. E-commerce giant Alibaba also…
ADVERTISEMENT
