The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this y …
Tagged By financials
Beijing mulls US engagement options as China-sanctioned Rubio awaits top diplomat post
When Marco Rubio was nominated by US president-elect Donald Trump last month to be the next US secretary of state, one obvious question loomed: how would the Florida senator, who has been sanctioned …
Chinese banks turn on Vladimir Putin and refuse to work with Russian finance
As a result, Russia has relied heavily on its relationship with China. But now, with China facing the threat of secondary sanctions, Beijing banks now look set to steer clear of Russian counterparts.
European firms see declining business prospects in China
Surveys of German and UK firms in China indicated low confidence in the future of their investments in the country, with little hope of improvement on the horizon.
China Financial Services’ New Loan Agreement Sparks Interest
China Financial Services Holdings Limited (HK:0605) has released an update. China Financial Services Holdings Limited has announced a discloseable …
Paul Weiss shutters Beijing office as Big Law’s China exodus continues
Paul Weiss is set to shutter its Beijing office by the end of the year, becoming the latest in a slew of Big Law firms to scale back their China presence.
GM to take more than $5 billion in charges on China operations
General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of the operation …
GM China to take $5B hit; ‘there will be no comeback story,’ expert says
GM’s issues in China are no surprise to the automaker. The company lost $347 million in the region through Q3 of this year and saw sales slipping 19% through the same period compared to a…
China retaliation for US protectionism, while ‘never a good choice’, may be just starting
An expected escalation of the US-China trade war, and the Chinese public’s demand for a response, could light a fire under Beijing’s policymakers, former PBOC head says.
Chinese official encourages US financial institutions to deepen cooperation with China
China welcomes more US financial institutions and long-term capital to continue deepening mutually beneficial cooperation with China, Vice Premier He Lifeng said on Wednesday. He, also a member of the …
The US-China Trade War Will Be More Disruptive This Time
Global markets could turn volatile as investors realize there are no winners from a trade war between the two largest economies that is more disruptive than before.
South China Sea: Beijing submits Scarborough Shoal baseline documents to UN
China has submitted a copy of the geographic coordinates and nautical charts for sea territory surrounding Scarborough Shoal with the United Nations, a move experts said followed international …
Why China need not worry about Trump’s tech and financial warfare
When future historians look back on China’s rise, Trump’s trade war might well be viewed as having helped to prevent a Chinese crisis China has overcome Donald Trump’s trade war and tech sanctions …
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