Magna International Inc. plans to engineer and build electric vehicles in China, marking the first time North America’s largest auto supplier is expanding its car manufacturing capabilities beyond its 20-year-old Steyr venture. The Aurora, Ontario-based…
FINANCE
Fraying Australia and China relations face testing times in Canberra
SYDNEY (Reuters) – Australia’s relationship with top trading partner China faces a testing two weeks as Canberra prepares to pass laws designed to limit Beijing’s influence in domestic affairs amid pressure on some of its…
China’s Huawei goes on offensive as exclusion from Australia 5G deal looms
Australia, like the United States, worries Huawei is de facto controlled by China, raising fears that sensitive infrastructure will fall into the hands of Beijing. “Recent public commentary around China has referenced Huawei and its…
China is winning the global tech race
the financial services spin off from Alibaba. Its value rests on the opportunities investors believe lie ahead in China and, increasingly, in south-east Asia. Many California-based technology investment bankers — eager to haul in trophy…
Global pharma bleeds talent to China start-ups
Multinational drug companies in China are fighting to hold on to top talent as senior local staff leave to join a booming domestic biotechnology sector drawing record investment. They are joining a sector that received…
China targets soybeans, electric cars, whiskey in retaliatory tariffs
China’s commerce ministry made the announcement in a statement … lobsters, salmon and cigars, the finance ministry told the AP in a statement. According to the report, the selected products were chosen to minimize their…
China Rapid Finance’s (XRF) CEO Zheng Wang Q1 2018 Results – Earnings Call Transcript
China Rapid Finance (NYSE:XRF) Q1 2018 Earnings Conference Call June 15, 2018 8:00 AM ET Executives Joseph Wang – Chief Strategy Officer and Head of Investor Relations Zheng Wang – Chairman and CEO Kerry Shen…
The Latest: US announces tariffs on $50B in China imports
China has said that it will retaliate with $50 billion in tariffs in response, rattling financial markets. It comes in the aftermath of Trump’s nuclear summit with North Korean leader Kim Jong Un (kim jawng…
Slowdown, default risks to prompt China reserve cut-sources
BEIJING (Reuters) – Having reduced the amount of reserves that lenders must hold just two months ago, China’s central bank could soon do it again to support a slowing economy and contain risks posed by…
China Citic Bank outlines big ambitions for new Kazakh unit
ALMATY, June 15 (Reuters) – China Citic Bank Corp has set a target to more than triple the assets of its newly acquired Kazakh unit, Altyn Bank, within three years, saying it can take advantage…
China Targets U.S. Farm Imports With Tariffs on Soybeans, Corn
An additional 25 percent tariff will levied on about $50 billion of U.S. imports, China’s Ministry of Finance said Saturday in a statement on its website. Tariffs on about $34 billion of those imports will…
Trade War’s Battle Lines Drawn as U.S., China Set Tariff Lists
Consumer goods including mobile phones and televisions aren’t being hit with the tariffs. Hours later — early Saturday in China — the nation’s Finance Ministry issued a list of 545 product categories, also covering about…
Trump’s China Tariffs Met With Retaliation Vow From Beijing
The Trump administration moved the U.S. to the edge of a trade war with China by announcing tariffs on $50 billion in Chinese imports and pledging additional investment restrictions, which Beijing immediately vowed to retaliate…
