SINGAPORE (Reuters) – China is willing to resolve differences with the United States on an equal footing, the Chinese government’s top diplomat said on Friday after meeting U.S. Secretary of State Mik… ( read original…
FINANCE
China’s Didi, Ant Financial weigh joint $2 billion Ofo buyout: source
HONG KONG (Reuters) – Chinese ride-hailing giant Didi Chuxing and Alibaba’s (BABA.N) Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 ……
China’s Didi, Ant Financial weigh joint $2 bln Ofo buyout -source
Chinese ride-hailing giant Didi Chuxing and Alibaba’s Ant Financial are in talks with bike-sharing startup … Load Error A deal would mark the latest stage of consolidation in China’s once-booming bi… ( read original story…
China’s indebted conglomerates pile into anti-poverty push
The amounts of money being pledged are unlikely to affect the companies’ financial positions materially … Property developer Evergrande, one of China’s most indebted companies, whose bonds are rated … ( read original story …)
People’s Bank of China hires two new deputy governors in battle against financial risks
China’s central bank has boosted the number of its deputy governors to fulfil its expanding role in battling financial risks in the word’s second-largest economy. The People’s Bank of China (PBOC) add… ( read original…
China Junk Bonds’ Longest Winning Streak Unnerves Investors
The return of China’s dollar-denominated junk bonds from the brink with the longest rally on record is showing signs of strain. After 13 straight days of declines, yields on Chinese speculative-grade … ( read original…
China stands its ground after Trump amps up tariff threats
BEIJING/WASHINGTON (Reuters) – China vowed on Thursday to retaliate if the United States acted on a threat to raise tariffs on the Asian nation’s exports, fueling fears in financial markets that the t… ( read…
China Bank earnings flat at P3.6B
China Banking Corporation (China Bank, stock symbol CHIB) recorded a consolidated net income of P3.6 billion from January to June 2018 — unchanged vs. the first half of last year. Core operating incom… ( read…
Bank while you chat on WhatsApp with South Africa’s Absa
in its latest push to become a digitally-led African bank, with more than 10,000 customers already registered to date since early July. The service faces competition from WeChat, China’s biggest Inter… ( read original story…
Opinion: Shadow Banking – It’s Not All Bad
Shadow banking in China can be interpreted as the market’s attempt to breach the wall of financial repression * The deleveraging campaign has had a visible impact on the money supply, with the growth ……
China Eastern, Japan Airlines link up as more Chinese tour Japan
SHANGHAI (Reuters) – China Eastern Airlines Corp Ltd and Japan Airlines Co Ltd (JAL) on Thursday said they would form a joint venture to tap into the growing number of Chinese tou… ( read original…
As Trump’s tariffs start to bite, China pledges it’ll keep its economy stable
It did not specifically mention China’s ongoing trade war with the U.S. “We must do a good job in stabilizing employment, finance, foreign trade and investment, and expectations,” the statement added. … ( read original…
Global factory growth slowing; China-U.S. trade war biting
China has been cutting bank reserve requirements to ease the pain of its campaign to reduced risk in the financial system for smaller companies and support growth. It is also planning more spending on ……
