Search Results for: China Market
China Blocks European Shipping Pact, Sending Maersk Down
June 18th, 2014
A.P. Moeller-Maersk A/S (MAERSKB) said it is working on alternative plans to cut costs and address overcapacity in the freighter market after Chinese regulators unexpectedly blocked formation of a global shipping alliance. “We have different tools in our toolbox ...
SEC Says Investor Accused of Fake Gold Bid Fled to China
June 12th, 2014
The U.S. Securities and Exchange Commission said the man behind a fake $750 million bid for Allied Nevada Gold Corp. (ANV) profited from selling an undisclosed stake in the mining company and has fled the country. Luis Chang and ...
Price rises threaten to stifle China easing
June 10th, 2014
Chinese consumer inflation picked up in May following a dip in April that had raised concerns about the danger of deflation in the world’s second-largest economy. The headline consumer price index rose 2.5 per cent from a year earlier, ...
Xiaomi’s Phones Have Conquered China. Now It’s Aiming for the Rest of the World
June 6th, 2014
On May 15, behind the curving, imperial facade of the China National Convention Center in Beijing, a veteran technology executive named Lei Jun walks onstage before a thousand raucous fans and members of the media. It’s a familiar scene ...
China Regulator Pledges to Expand Credit as Economy Slows
June 6th, 2014
China’s banking regulator vowed to expand loans and cap borrowing costs, seeking to boost the supply of funds to the real economy as growth slows amid a clampdown on shadow financing. Lending to small businesses, major infrastructure projects and ...
China against Windows 8 Amid U.S. Spat
June 5th, 2014
China’s government took another step against Microsoft Corp. (MSFT) by telling officials in one province not to use Windows 8 software, marking an escalation in the dispute with the U.S. over spying and hacking allegations. Jiangsu province, south of ...
China’s Yuan edges lower on Dollar demand for dividend payments
June 4th, 2014
China’s yuan weakened marginally against the dollar on Wednesday as overseas-listed Chinese companies bought dollars to pay interim dividends, traders said. Spot yuan stood at 6.2552 per dollar at midday, easing 0.02 per cent from Tuesday’s close as the ...
Commodities markets summary
June 4th, 2014
ENERGY US oil prices edged higher in quiet trade, a day ahead of a key weekly report on US petroleum inventories, while Brent prices slipped in London. The US benchmark futures contract, West Texas Intermediate (WTI) for delivery in ...
Singapore follows China With Dangerous Debt Level
June 4th, 2014
Singapore companies’ indebtedness has swelled to the most in Asia after China and India as the city-state’s economic growth slows, according to GMT Research Ltd. Leverage among the Southeast Asian nation’s corporates is following counterparts in the two larger ...
Tesco and China Resources Enterprise agree on retail deal
May 29th, 2014
Tesco has come into a deal with the state-run China Resources Enterprise (CRE) in order to start the largest food retailer in China. The joint venture will combine Tesco’s 131 outlets in the country with CRE’s almost 3,000 stores, ...
