Symphony Communications Services, backed by some of the world’s largest financial institutions and Google, is to launch a video conferencing tool targeting finance executives homebound by the … ( read original story …)
FINANCE
China Development Bank, General Electric Cancel Boeing 737 MAX Jet Order
Financial Leasing Co announced on Monday it had agreed with Boeing Co (BA) to cancel the purchase of 29 undelivered 737 MAX jets in the latest blow to the aerospace company.The move comes after the…
Declining Stock and Solid Fundamentals: Is The Market Wrong About IMAX China Holding, Inc. (HKG:1970)?
IMAX China Holding (HKG:1970) has had a rough three months with its share price down 34%. However, stock prices … ( read original story …)
China first-quarter fiscal revenues down 14.3% year-on-year: finance ministry
China’s fiscal first quarter revenue fell 14.3 percent from a year earlier to 4.598 trillion yuan ($649.75 billion), the country’s finance ministry said on Monday, attributing the decline to the … ( read original story…
China cuts benchmark rate for second time this year, as widely expected
China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies and prop up the coronavirus-hit economy, after it contracted for the first time in decades. The … ( read…
China’s CDB Financial Scraps Purchase of 29 Boeing 737 MAX Jets
Wealth of Knowledge is a weekly podcast featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. Investing for Retirement: How to Design A … ( read original…
With Wall Street Banks Charging In, China’s Huatai Looks Abroad
(Bloomberg) — As Wall Street banks ramp up investments in China to win a bigger slice of the $45 trillion finance market, some of China’s biggest brokerages are going the other way. Brushing off ……
United Airlines to Sell 22 Planes to Bank of China Aviation
United Airlines Holdings Inc (UAL) will sell and lease back 22 planes to Bank of China (BOC) Aviation, for an undisclosed sum.The deal comprises six Boeing 787-9 aircraft and 16 Boeing 737-9 MAX … (…
China’s Gome to raise $200 mln through debt sale to Pinduoduo – source
Chinese electronics retailer Gome Retail Holding is planning to raise $200 million through a convertible bond issue to e-commerce platform Pinduoduo, a source with direct knowledge of the matter said … ( read original story…
China posts first GDP decline on record as coronavirus cripples economy
China’s economy shrank for the first time since at least 1992 in the first quarter, as the coronavirus outbreak paralysed production and spending, raising pressure on authorities to do more to stop … ( read…
Wall Street’s Bid to Conquer China Faces Same Pitfalls as Before
Wall Street banks have spent more than a decade chasing profits in China with scant success. Now, as the nation opens its doors to more competition, the global banks’ renewed ambitions risk being … (…
Amid international skepticism, China defends its official data after revising Wuhan death toll upward by 50 percent
China revised its official coronavirus death toll in Wuhan, the original epicenter of the outbreak, by around 50 percent more Friday, citing new statistical evidence that has emerged as the city … ( read original…
Texas Eases Rules; California Forms Task Force: Virus Update
President Donald Trump posted a series of tweets calling to “liberate” states after some protests against lockdowns meant to slow the spread of the coronavirus. Texas and Minnesota took steps to ease … ( read…
