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China’s Dalian Wanda opens $5.1 billion tourism park
September 25, 2016 by publisher · Leave a Comment
By Alexandra Harney SHANGHAI (Reuters) – Dalian Wanda Group, the Chinese entertainment giant owned by the country's richest man, opened the first phase of a sprawling 34 billion yuan ($5.1 billion) tourism park in the eastern city of Hefei on Saturday. Wanda is building
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China’s Dalian Wanda opens $5.1 billion tourism park
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Blackstone’s Schwarzman launches ambitious scholars program in China
September 10, 2016 by admin · Leave a Comment
When Blackstone Group Co-founder and Chief Executive Stephen Schwarzman was asked by the president of China's elite Tsinghua University to design a major initiative for the school, the private equity billionaire decided to aim high. Schwarzman hit upon the idea of creating a one-year Master's …
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Blackstone’s Schwarzman launches ambitious scholars program in China
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Tesla removes ‘autopilot’ from China website after Beijing crash
August 15, 2016 by publisher · Leave a Comment
By Jake Spring and Alexandria Sage SHANGHAI/SAN FRANCISCO (Reuters) – Tesla removed the word “autopilot” and a Chinese term for “self-driving” from its China website after a driver in Beijing who crashed in “autopilot” mode complained that the car maker…
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Tesla removes ‘autopilot’ from China website after Beijing crash
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China’s July forex reserves fall to $3.20 trillion
August 7, 2016 by elegant · Leave a Comment
China's foreign exchange reserves fell to $3.20 trillion in July, central bank data showed on Sunday, in line with analyst expectations. China's reserves, the largest in the world, fell by $4.10 billion in July. The reserves rose $13.4 billion in June, rebounding from a 5-year low in May. China's
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China’s July forex reserves fall to $3.20 trillion
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Nissan in talks with Panasonic, others to sell battery operations: sources
August 6, 2016 by admin · Leave a Comment
Nissan Motor Co is in talks with Panasonic Corp and overseas companies including Chinese firms over the possible sale of its controlling stake in a car battery manufacturing venture, sources said. Two people with knowledge of the matter said on Saturday that the Japanese automaker wants to sell its 51 percent stake in Automotive Energy Supply Corporation, which makes lithium-ion batteries for electric vehicles. The company is jointly owned by NEC Corp .
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Nissan in talks with Panasonic, others to sell battery operations: sources
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U.S. authorities subpoena Goldman in 1MDB probe: WSJ
July 31, 2016 by publisher · Leave a Comment
Goldman received the subpoenas earlier this year from the U.S. Department of Justice (DoJ) and the Securities and Exchange Commission (SEC), the Journal reported, citing a person familiar with the matter. The authorities also want to interview current and former Goldman employees in connection with the inquiries, but none of those meetings had occurred by Friday, WSJ said. The Department of Justice and the SEC
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U.S. authorities subpoena Goldman in 1MDB probe: WSJ
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UK and China regulators discuss framework for financial projects
July 31, 2016 by elegant · Leave a Comment
British and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial services projects between the countries, sources said, easing fears that Britain could be a less attractive partner for such deals after last month's vote to…
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UK and China regulators discuss framework for financial projects
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Helicopter money talk takes flight as Bank of Japan runs out of runway
July 31, 2016 by creative · Leave a Comment
The Bank of Japan's review of its monetary stimulus program promised for September has revived expectations it could adopt some form of “helicopter money”, printing money for government spending to spur inflation. The BOJ disappointed market hopes on Friday that it …
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Helicopter money talk takes flight as Bank of Japan runs out of runway
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Chinese consortium agrees to $4.4 billion deal for Caesars online games
July 31, 2016 by publisher · Leave a Comment
A Chinese consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc's online games unit for $4.4 billion in cash, the companies said. Caesars Interactive Entertainment is currently owned by Caesars Acquisition Co (CAC) and Caesars Entertainment Corp .
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Chinese consortium agrees to $4.4 billion deal for Caesars online games
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Apple weathers anti-U.S. demo in China, where patriotic protests snowball
July 24, 2016 by publisher · Leave a Comment
Apple Inc found itself on the receiving end of a small, short-lived anti-U.S. protest this week in China, the tech firm's biggest overseas market and a country where foreign firms have suffered damaging boycotts following international spats. A handful of unofficial Apple stores were picketed and social …
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Apple weathers anti-U.S. demo in China, where patriotic protests snowball