JOHANNESBURG, Feb 21 (Reuters) – “Paradise is best served with lime,” states one of the taglines in Anheuser-Busch InBev’s (ABI.BR), opens new tab advertisement for its premium Corona beer, which is …
Featured Posts Title
China tightens travel restrictions for citizens
CNBC’s The China Connection newsletter: Tech controls expand to employees
China rejects AI slowdown calls as Trump dismisses guardrails
China pushes back on calls for an AI slowdown as Trump-Xi meeting looms
China also thinks AI could kill us. But first, it wants to match the US
China bristles at Anthropic CEO’s ‘fearmongering’ about its AI development
China’s tutoring crackdown has created a new black market
Recent Posts
South African Breweries turns to lime farming to support Corona beer
Siemens boss demands EU action to fend off ‘cheap’ Chinese wind power imports
Christian Bruch says either quotas or qualitative criteria could help stop the industry going the way of solar.
‘Deeply sorry’: China hedge fund apologises after trading ban for ‘market disruption’ in first punishment since Beijing’s vow to stem stock rout
An award-winning Chinese quant hedge fund has apologised to markt authorities and investors, after being punished with a trading ban for dumping stocks on local bourses, the first known case since the …
Philippines Could Sue China Over Cyanide Fishing—President
The Southeast Asian country is launching an investigation into its fishermen’s allegations of cyanide use at the contested Scarborough Shoal.
China’s economic troubles are hurting global banks
Of the total, $3 billion was related to BoCom, one of China’s biggest banks, while $2 billion was from selling its retail banking business in France. HSBC said the $3 billion impairment was calculated …
HSBC’s shares slide as record profit marred by $3 billion China hit
HSBC Holdings on Wednesday reported a $3 billion charge on its stake in a Chinese bank amid mounting bad loans in the world’s second-largest economy, taking the shine off a record annual profit.Shares …
China tightens reins on quant trading after three-day ban on fund
The stock exchanges of key financial hubs Shanghai and Shenzhen issued notices late Tuesday announcing they will deepen their scrutiny of market trades conducted by quant funds.
China Unicom becomes Middle Kingdom’s second carrier with a billion subscribers
Chinese mega-carrier China Unicom has claimed it’s signed up the billionth subscriber for its “Big Connectivity” service, making it the second Middle Kingdom carrier to operate at that scale. We know …
HSBC’s Q4-23 profit down 80% after taking $3b charge on its China bank stake
While rising interest rates globally boosted HSBC’s full-year earnings to a record, the bank has faced headwinds over the past year in China, one of its key growth markets. The ongoing real estate …
Russian media: China’s 3 biggest banks stop accepting payments from sanctioned Russian institutions
The restrictions have been introduced by the Industrial and Commercial Bank of China (ICBC), the China Construction Bank (CCB), and the Bank of China, the Russian state news outlet Izvestiya said.
Bank of East Asia cut its exposure to China’s troubled commercial property sector last year
Hong Kong’s largest family-owned lender said its non-performing loans in mainland China dropped by 0.47 percentage points to 2.68 per cent at the end of 2023 compared with the first half, as its …
China’s central bank slashes mortgage reference rate to tackle property crisis
(MENAFN) In a bid to address an enduring property crisis, China’s central bank has taken unprecedented measures by slashing its key mortgage reference rate. The People’s Bank of China (PBOC) declared …
Xi Jinping’s Socialist Solution: China’s Response to the Real Estate Crisis
Government authorities are predicted to intervene directly in the house rentals and sales market. According to the Wall Street Journal (WSJ), Chinese President Xi Jinping wants to entrust the state …
