China’s mobile phone shipments in May reached 37.83 million, edging up 1.2 percent year-on-year, ending 14 months of declines, according to a report published Friday. Increasing 4G phone shipments were the main contributor to the…
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China mobile phone shipments pick up in May
China’s Xi calls out ‘selfish, short-sighted’ trade policies
QINGDAO, China (Reuters) – Chinese President Xi Jinping, whose country is locked in a high-stakes trade dispute with the United States, on Sunday said China rejects “selfish, shortsighted” trade policies, and called for building an…
China Oceanwide’s $2.7 Billion Takeover of Genworth Financial Passes U.S. Security Review
WASHINGTON—A U.S. national security panel approved a Chinese conglomerate’s $2.7 billion takeover of Richmond, Va.-based insurer Genworth GNW 2.42% Financial Inc., after the companies convinced authorities they would take extraordinary steps to secure … (…
All the ways China could keep its eyes and ears on the US-North Korea summit without being there
US officials are reportedly bracing for China to covertly make its presence known at the summit between US President Donald Trump and North Korean leader Kim Jong Un. As the June 12 meeting in Singapore…
Narendra Modi in China highlights: Bank of China’s first branch to open in Mumbai
Chinese President Xi Jinping has accepted Prime Minister Narendra Modi’s invite to India for an informal summit next year, Foreign Secretary Vijay Gokhale said on Saturday. While addressing the media on the meeting between the…
Committee on Foreign Investment in the United States Completes Review of Proposed China Oceanwide and Genworth Financial Transaction
RICHMOND, Va., June 9, 2018 /PRNewswire/ — China Oceanwide Holdings Group Co., Ltd. (Oceanwide) and Genworth Financial, Inc. (GNW) today announced that the Committee on Foreign Investment in the United States (CFIUS) has completed its…
Narendra Modi in China LIVE updates: Bank of China’s first branch to open in Mumbai
Chinese President Xi Jinping has accepted Prime Minister Narendra Modi’s invite to India for an informal summit next year, Foreign Secretary Vijay Gokhale said on Saturday. While addressing the media on the meeting between the…
China is in Trouble
1 In comparison with those of Western economies, China’s countermeasures against the crisis in 2008 were significantly more drastic. While in the US the balance sheet total of the banking system increased by USD 4,000bn…
Currency swap: CBN orders Banks to open Renminbi accounts in China
Currency swap: CBN orders Banks to open Renminbi accounts in China – The Central Bank of Nigeria (CBN) yesterday released the operational guidelines for the $2.5 billion currency swap agreement between Nigeria and China. The…
China Factory Inflation Picks Up on Rising Commodity Prices
Has The ‘Bad Bank’ Idea Made A Comeback? Homebuyers As Financial Creditors: An Inelegant Solution? Morgan Stanley’s Jonathan Garner On The Bull Case For India Ridham Desai On What’s Making The Market Suspicious About Growth…
Naira To Strengthen on Back of China Currency Swap
in three years under the U.S.$2.5 billion bilateral currency swap with the Peoples Bank of China. The deal is expected to reduce the demand for U.S. dollars by Nigerians importing goods from China, and consequently…
Xiaomi gets IPO nod from HK exchange, say sources
Offering could become world’s largest first-time share sale since Alibaba’s listing BEIJING • Xiaomi has won Hong Kong stock exchange approval for its planned initial public offering (IPO), which would be the first listing in…
China Mobile (CHL) Holder Lazard Asset Management LLC Cut Stake
Lazard Asset Management Llc decreased its stake in China Mobile (CHL) by 1.18% based on its latest 2018Q1 regulatory filing with the SEC. Lazard Asset Management Llc sold 247,477 shares as the company’s stock declined…
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