The reported potential addition of Chinese investors emerged as the current $23 billion deal has hit regulatory roadblocks.
FINANCE
Rio Tinto: Iron Ore Crossing Larger Precipice As China’s Crisis Grows
Explore insights on Rio Tinto’s performance amidst declining iron ore demand, high copper prices, and economic shifts.
Lujiazui Forum to discuss new financial policies
Lujiazui, the area located in eastern Shanghai’s Pudong New Area, has been a magnet to various financial institutions. More than 8,000 financial companies are now operating in the area. A total of 12 …
Lupin expands China business: Signs pact with Sino Universal Pharm for lung medicines
While the Sino Universal Pharmaceuticals will get the necessary regulatory approval from the Chinese authorities, Lupin will be responsible for manufacturing the medicine and will be the Marketing …
Corporate bond defaults disappear from China’s onshore market
There has been only one first-time default in China’s $4tn onshore corporate bond market so far this year, according to data from S&P Ratings. That compares with 16 in 2024 as a whole, and multiple…
Nvidia is nixing China from its financial forecasts because U.S. restrictions on chip sales have tightened so much, Jensen Huang says
The chip executive is “10% politician, 90% CEO,” Wedbush analyst Dan Ives said. “He needs to be cautious on their financial guidance, given the China variable.” …
Ford CEO says rare earths shortage forced it to shut factory
The U.S. automaker is struggling to procure rare earth materials essential to its cars, as exports from China slow.
China’s Export Realignment, Supply Chain Shocks, and the Digital Revolution in Global Trade Finance
Trade talks between major economies remain pivotal, shaping inflation and global market dynamics.” These are the words of George Vessey of Convera, summing up the uncertainty that now characterizes …
China May bank loans rise less than expected as trade jitters weigh
New bank lending in China rose less than expected in May after hitting a nine-month low in April, as companies and consumers remained cautious about taking on more debt despite interest rate cuts and …
China’s new bank loans rise in May, below forecasts
Chinese banks extended 620 billion yuan ($86.34 billion) in new loans in May, rising from the previous month as reassuring monetary measures and a trade truce achieved between Beijing and Washington …
China’s yuan fixing rate hits 2-month high as US dollar drops
With the US dollar sagging, China’s central bank has strengthened the midpoint rate for the country’s currency in recent days China’s central bank set the yuan’s daily fixing against the US dollar at …
Unlocking consumption key to sustaining China’s growth: World Bank
BEIJING – Unleashing consumption potential will help sustain economic growth in China, according to a World Bank report published in Beijing on Friday. Policy support has helped boost China’s …
China’s car industry runs on empty as supply chain bills go unpaid
Beijing has acted to ease stresses of a damaging price war with carmakers pressed to settle invoices within 60 days …
