China
Roach Says `Take Out the Baseball Bat' on Krugman Over His Stance on Yuan Morgan Stanley Asia Chairman
Stephen Roach said that Paul Krugman’s call to push China to
allow a stronger yuan is “very bad” advice and that increased
Chinese spending is a better way of reducing trade imbalances.
Google May Announce China Pullout March 22, Leave April 10, Newspaper Says Google Inc. may pull out of China
on April 10, China Business News reported today, citing an
unidentified Chinese sales agent for the company.
Insurer Allianz Sells One Third of Remaining ICBC Stake for $545 Million Allianz SE, Europe’s biggest
insurer, sold about one third of its remaining stake in Chinese
lender Industrial & Commercial Bank of China Ltd. for a gain of
about 400 million euros ($545 million).
Vietnam Tycoon Tam Luring Companies From China With Promise of Cheap Labor Vietnamese property developer Dang
Thanh Tam, one of the country’s richest men, is trying to lure
companies from China to his industrial parks with the promise of
cheap labor costs.
Bank of China Gains Stockolders' Approval for Sale of Bonds, Share Mandate Bank of China Ltd., the nation’s
third-largest lender by market value, won shareholder approval
to raise as much as 40 billion yuan ($5.9 billion) in a
convertible bond sale to shore up capital.
Asia-Pacific Corporate Loan Prices Soar as Lending Decline Ignites Trading Asia-Pacific corporate loan prices
rose to the highest in two years after syndicated bank lending
slumped to the lowest since 2005, attracting investors to an
emerging market for older debt.
Yuan Poised to Become Reserve Currency to Rival Dollar, Goldman Sachs Says China’s yuan is destined to become
a global reserve currency rivaling the dollar and the euro, as
the nation’s economic power increases the currency’s allure,
said Jim O’Neill, chief economist at Goldman Sachs Group Inc.
Beijing Jingkelong Plans to Seek Shareholder Approval for A-Share Listing Beijing Jingkelong Co., which
operates supermarkets in and around the Chinese capital, is
seeking to list its shares in China, according to a statement
filed to the Hong Kong stock exchange today.
China's Developers Post Longest Rally in Six Months on Consolidation Bets Poly Real Estate Group Co. and
COFCO Property (Group) Co. led gains for China’s developers on
the prospect they can acquire more assets cheaply as a
government edict forces rivals to exit the real estate business.
Hong Kong Stocks Advance; Aluminum Corp. of China Gains on Parent's Deal Hong Kong stocks rose, erasing
declines, as Aluminum Corp. of China Ltd. rallied after its
parent agreed to buy a stake in an African iron-ore mine,
countering a drop in Orient Overseas (International) Ltd.
Obama Delays Visit to Indonesia, Handing First-Mover Advantage to China U.S. President Barack Obama
postponed a trip to Indonesia for three months to focus on his
health-care plan, ceding ground to China in seeking trade and
investment opportunities in Southeast Asia’s largest economy.
Rio Tinto Trial Highlights Communist Party Role in China's `Scary' Courts Foreign companies that do business
in China will be tracking the criminal trial next week of Rio
Tinto Group iron-ore chief Stern Hu and three colleagues to see
if politics plays as big a role in any conviction as the
evidence, lawyers said.
Hong Kong Air Pollution Reaches `Very High' Levels for Second Day in Row Hong Kong air pollution reached
“very high” levels at roadside stations for the second
straight day, prompting the government to issue a health warning
for people with heart and lung illnesses.
FEEDBACK
HOME
