The payments group affiliated to Alibaba, China’s biggest internet company, is in advanced talks about a $700m (£550m) takeover of WorldFirst, a British currency exchange start-up. Sky News has learnt … ( read original story…
Featured Posts Title
Still searching for COVID-19 origins five years after ‘Proximal Origin’ paper tried to end debate
China Plans for Global CEOs to Meet Xi in Beijing Next Week
UK energy minister pushes Chinese officials on emissions, human rights in Beijing
China Jan-Feb crude steel output down 1.5 % on yr – stats bureau
China’s thermal power generation down 5.8% year-on-year in Jan-Feb
China’s Jan-Feb refinery output up 2.1% on holiday travel, new refinery
Oil prices jump; optimism over China’s consumption stimulus boosts Asia shares
Recent Posts
China’s Ant Financial swoops on £500m WorldFirst
Chinese banks’ shares sink after Beijing reportedly tells them to control profit to support economy
Bank of Qingdao plunged 8.7 per cent … a newspaper run by the People’s Daily, on Thursday. Beijing has been stepping up efforts to stimulate economic growth, which has slowed sharply during the US-C… (…
Beijing vows to reduce meddling in trading after bad year for China stock market
“Beijing has eased the intensity of its crackdown on shadow banking, and has pumped ample liquidity into the interbank market. But the money is just circulating between banks [and not reaching the rea… ( read…
Resumption of Iran-China Banking Ties Runs into Snag: Official
On November 28, Asgaroladi said the hurdles in banking transactions between Tehran and Beijing have been cleared. “As of December 2, a Chinese bank will begin banking transactions with Iran,” he had a… ( read…
China’s central bank continues to inject funds into market
Headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, Aug 3, 2018. [Photo/VCG] BEIJING – China’s central bank continued to pump liquidity into the money market through … ( read…
Central Bank Gold Policies – People’s Bank of China
Although there is no official confirmation of gold storage arrangements, it is thought that the Chinese official gold reserves are vaulted in Beijing, China’s capital, and may be under the protection … ( read original…
China fourth-quarter business confidence index lowest since second quarter of 2017: central bank survey
BEIJING (Reuters) – Business confidence among … according to a survey by the People’s Bank of China published on Monday. The entrepreneurs’ confidence index dropped to 67.8 percent in … ( read original story …)
The rise and fall of bike-sharing company Ofo is a lesson for China’s tech investors
“It now appears bike sharing is the stupidest business, but the smartest brains of China all tried to get in,” Wu Shenghua, founder of now bankrupted bike-sharing company 3Vbike, told Reuters. “It rea… ( read…
China’s legislature takes up law to ban forced tech transfer
China’s legislature is considering a law to ban local governments from forcing foreign companies to hand over technology, an issue that helped to spark Washington’s tariff war with Beijing. ( read original story …)
New York Times editorial board joins growing chorus condemning China over detained Canadians
“Three Canadian citizens being detained by China appear to have become pawns in a political impasse between the two countries and, by extension, the United States. They should be released … ( read original story…
Chinese state bank chief warns against buying property now ‘because there’s no money to be made’
The chairman of a leading Chinese state bank on Sunday warned Chinese investors not to buy property now because “there’s no money to be made” due to high prices and alarming vacancy rates. Tian Guoli,…
139,327 Shares in China Unicom (Hong Kong) Limited (CHU) Acquired by Jane Street Group LLC
Jane Street Group LLC purchased a new position in China Unicom (Hong Kong) Limited (NYSE:CHU) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 139,327 shares of the W… ( read original story…
Why China is getting tougher for Ford, GM and other automakers
“This is the first sustained downturn in memory,” said Michael Dunne, CEO of ZoZoGo, a firm that advises automakers on doing business in China. “We would have to go back to the Asian financial crisis…
ADVERTISEMENT
