Talk of Chinese interest in Brazil’s Oi resurfaced this week, with regulator Anatel naming China Mobile and the China Development Bank as possible investors in the beleaguered telco. Anatel president Juarez Quadros told journalists that…
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China Mobile, Chinese bank circle Brazil’s Oi
China Mobile eyes investment in Brazilian carrier Oi -regulator
BRASILIA, Nov 29 (Reuters) – China Mobile Ltd has expressed interest in investing in Brazilian phone operator Oi SA, the head of the country’s telecommunications regulator Anatel told journalists at an event on Wednesday. China…
Beijing Backs the EV Tortoise
Geely hasn’t marked an operating margin below 8 percent since the 2008 financial crisis, and has averaged 8.2 percent … The problem is that Beijing’s ability to put its thumb on the scales in favor…
China stocks fall, developers and financial firms weigh
SHANGHAI, Nov 30 (Reuters) – China stocks fell on Thursday, pressured by selling of real estate and financial shares, as investors booked profits in sector leaders that had stellar gains this year. ** At the…
China’s Lending Crackdown Is Notable for Three Reasons
Policy makers from the People’s Bank of China and the China Banking Regulatory Commission convened in Beijing on Nov. 23 to discuss new measures to crackdown on online consumer loan platforms, including those for payday…
China’s Bad Banks Get Worse
Link shopping mall deal $2.9 billion Great Wall Asset was established in 1999 to take soured debt off the books of lenders including Agricultural Bank of China Ltd., so what’s it doing buying real estate…
Time to Cut China Property Bonds at Standard Life; India Lures
Standard Life Aberdeen plc is reducing its holdings of dollar bonds sold by Chinese real-estate companies, expecting that Beijing’s efforts to reduce financial risk will hit the nation’s property prices. Craig MacDonald, global head of…
Drone Maker D.J.I. May Be Sending Data to China, U.S. Officials Say
SHANGHAI — D.J.I., the popular drone maker, stands as a symbol of China’s growing technology prowess. Its propeller-powered machines dominate global markets and buzz regularly over beaches, cityscapes at sunset and increasingly, power plants and…
China relaxes leash on Wanda, allowing its unit to issue offshore bond to raise capital
The sale came after China’s bank regulator instructed the country’s biggest lenders to put Wanda and other asset buyers including the Anbang Group, the Fosun Group and the HNA Group under scrutiny for their loans…
Former envoy David Mulroney says official warning needed for Canadians doing business in China
A former Canadian ambassador to China says Ottawa should issue a prominent and official warning to Canadian business people that commercial disputes in China could result in their being detained and having their passports seized.…
China gets to grips with the digital age
The Communist Party of China concluded its 19th National Congress in Beijing last month. China Daily asked business leaders from major multinational companies for their views on economic developments here and the country’s global leadership…
China Oceanwide, Genworth Financial extend $2.7 billion merger deadline
NEW YORK (Reuters) – The closing deadline for China Oceanwide Holdings Group Co’s (0715.HK) proposed purchase of Genworth Financial Inc (GNW.N) has been extended for a second time, to April 1, to allow them to…
Back to school: China kindergarten weathers child abuse storm for now
SHANGHAI/BEIJING (Reuters) – When RYB Education Inc became enmeshed in allegations of child abuse at one of its Beijing kindergartens, it touched off an angry online furor in China, a police inquiry and a precipitous…
