Nissan Motor Co’s passenger and light vehicle business in China increased unit sales by 70.6% year on year in the first three months of 2021, the company said in a statement on Wednesday. The division…
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U.S. Comments on Beijing Olympics Spur Talk of Possible Boycott
The fast pace of finance is right at your fingertips. BNN Bloomberg’s morning newsletter will keep you updated on all daily program highlights of the day’s top stories, as well as executive and …
NH NongHyup receives preliminary approval for Beijing branch
South Korea’s NH NongHyup Bank said Wednesday it has earned preliminary approval from China’s financial authorities to open a branch in Beijing. The nation’s six-largest lender by assets won the …
China’s masterplan mapped as Beijing building ‘new Silk Road’ just 200 miles from UK
Beijing’s line is that the two new trading routes will open … and provide loans to countries like Serbia that have weak economies that the European Central Bank (ECB) or other development banks …
China’s Largest Carrier-Neutral Data Center Service Provider 21Vianet Selects Juniper Networks to Power Expanded Interconnected Data Center
Juniper’s highly scalable MX series universal routers were implemented to help drive exponential growth for 21Vianet’s business operations while delivering optimal end-user experiences Juniper …
China’s Battle With ‘Hot’ Money
And this influx of foreign money is now unnerving. China’s own regulators are concerned that all itsmoney sloshing around it may generate financial instability domestically generate moves within China …
China Life Insurance Co Stock Shows Every Sign Of Being Fairly Valued
China Life Insurance Co’s 3-year average revenue … is the rate that a company is expected to pay on average to all its security holders to finance its assets. If the ROIC is higher than…
Genworth Financial terminates merger deal with China-based company after four years of delays
More than four years after it was first announced, Genworth Financial Inc.’s plan to sell itself to a China-based investment company is officially dead. The Henrico County-based insurance giant …
China’s Epic Battle With Capital Flows Is More Intense Than Ever
The People’s Bank of China, one of 12 central banks in the working group, noted that “sharp exchange rate fluctuations and large capital flows would threaten financial stability and have …
U.S. says looking to coordinate participation in Beijing Olympics with allies
The United States on Tuesday said that it is looking to discuss with partners and allies how to proceed with participation in the Beijing 2022 Winter Olympics in a coordinated way, amid growing calls …
China leaps into a central digital bank currency, but similar progress eludes the U.S.
China has leapfrogged much of the developed world in its establishment of digital yuan. Central bank digital currencies are a growing source of interest around the world as cryptocurrencies flourish.
Will China’s new digital yuan threaten King Dollar’s reign?
“Most cross-border payments either for trade or finance are already digital, so it’s hard to imagine a digital yuan having a huge impact on international payments,” he said. A more important …
IMF urges China to reduce corporate debt risk made worse by heavy pandemic lending
China leaves key interest rate unchanged for 11th straight month as it moves to cautiously scale back economic stimulus So far the approach has been moderate. Two weeks ago, the People’s Bank of China …
