As major investors displacing the traditional Western powers, China and the GCC are precipitating a reconfiguration away from the North-South flow of development resources.
Tagged By financials
Gold hits another record high; China’s central bank adds gold for 17th straight month
Gold futures hit a new record high as central banks increase purchases, including a 17th straight monthly increase from the People’s Bank of China.
UBS Weighs Credit Suisse China Stake Swap With Beijing Government
UBS Group AG is in discussions to attain full ownership of its China platform by swapping its holding in Credit Suisse’s onshore securities venture with a Beijing government investment fund, according …
China’s economy not performing as poorly as thought: Expert
China Beige Book International Managing Director Shehzad Qazi joins Yahoo Finance Live to discuss Treasury Secretary Janet Yellen’s visit to China regarding economic tensions. Qazi says that if the US …
China, U.S. reach important consensus on economic, financial cooperation: vice finance minister
BEIJING, April 8 (Xinhua) — China and the United States have reached important consensus on economic and financial cooperation after in-depth consultations and discussions during U.S. Treasury …
China Has Too Much at Stake in Industry Push to Listen to Yellen
Janet Yellen got a respectful hearing in China in recent days for her main message — that Beijing’s manufacturing drive is a threat to other economies. But the warmth of her reception likely won’t …
HSBC summit: idea that China is ‘uninvestible’ is ‘shallow and lazy’, Primavera Capital’s Fred Hu tells panel
The future of China’s economic growth depends on strong innovation in the technology sector and – despite the current headwinds – investors would be wrong to sleep on the country’s potential, industry …
U.S., China to hold more financial shock exercises, Yellen says
The U.S. and China are deepening co-operation on financial stability issues, Treasury Secretary Janet Yellen said on Monday, with more simulations of financial shocks due after a recent exercise on …
People’s Bank of China sets up $69B re-lending program for tech companies
The People’s Bank of China (PBOC) said that it will set up a 500B yuan ($69.12B) re-lending program to support innovation and project upgrades in the science and technology sectors. The program will …
Yellen says U.S. plans to ‘underscore’ need for China to shift policy
Future talks between the U.S. and China will focus on Beijing’s need to shift its policy on industry and the economy, Treasury Secretary Janet Yellen said.
Shimao Shares Fall After China Bank Files Liquidation Petition
Shimao Group shares fell sharply after a Chinese state-run bank filed a liquidation petition against the heavily indebted developer, adding uncertainty to a proposed restructuring of offshore debt.
China property developer Shimao faces liquidation order over $202 million loan
By Scott Murdoch and Himanshi Akhand (Reuters) -Chinese property developer Shimao Group said on Monday that China Construction Bank (Asia) had filed a liquidation petition against it over a financial …
Asia markets poised to rebound ahead of central bank decisions, U.S. and China inflation data this week
Four central banks in the region will announce rate decisions, while investors will also assess the impact of inflation numbers from the U.S. and China …
