Wednesday, 21st, 2018 | 3:54PM Updated

India and China have launched rival bids for a large stake in Bangladesh’s stock exchange
China battles India for stake in Bangladesh’s biggest stock exchange

There have been complaints of favouritism towards India after China’s larger offer was rebuffed

US china trade
China calls for U.S. restraint over trade restrictions

China on Tuesday called on the United States to restrain the use of trade restrictions after the latter decided to launch trade remedy investigations on imported welded pipes.

current target rate 2017 Fed Meeting
Why the Obsessive Focus on Interest Rates?

The current interest rate in the United States is 1.00% - 1.25%. At its last meeting on July 26, 2017, the Fed left the federal funds rate unchanged, after poring over US economic data. The current interest rate is likely to remain in the region of 1.00% – 1.25% for several months.

One Belt One Road Summit
More US Firms Want Slice in China’s Global ‘One Belt, One Road’

A number of U.S. companies are positioning to get their share in the $1 trillion worth of investments as China’s Belt and Road initiative is drawing both companies and countries into the plan’s economic and geopolitical influence, The New York Times reported.

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Alibaba founder Jack Ma (R) is facing criticism from Capitol Hill for the acquisition of MoneyGram by Ant Financial, an Alibaba subsidiary.
Alibaba’s $1.2bn MoneyGram Deal Draws Flak from US Lawmakers

Ant Financial is facing backlash for its $1.2 billion buyout of MoneyGram as U.S. lawmakers accuse the acquisition of the U.S. cash-transfer group as a security threat.

Ctrip Headquarters
Ctrip Posts 46% Growth in Net Revenue in First Quarter International Ltd. saw a 46 percent growth to 6.1 billion yuan ($884 million) in net revenues in the first quarter, according to the online service provider’s unaudited financial report released on Wednesday, May 10.

China's Cement Supply
China Cement Giant Benefits from Silk Road Projects, Plans Expansion

China National Building Material Group (CNBM), the biggest cement maker in the country, is taking advantage of business opportunities presented by the “Belt and Road” initiative, which spurred infrastructure boom in the region, Song Zhiping, the company chairman, said in a Bloomberg Television interview in Zhuzhou, Hunan Province.

SoftBank is helmed by CEO and founder Masayoshi Son.
Japanese Mobile Giant Softbank's Net Profit Triples, Hits Over 1 Trillion Mark

SoftBank announced that its net profit has reached the one trillion mark. This figure is three times higher than last year's.

China's Economy and Exports
China’s Economy Sees Improvement Amid Market Concerns: Goldman Sachs

China’s economy has obviously improved, with strong performance posted in the first three months of the year, amid concerns over market volatility, according to Goldman Sachs.

Japan's FamilyMart
Japan's FamilyMart Plans to Partner with China's CITIC and Thailand's CP Group

Japan's FamilyMart UNY Holdings is considering a partnership with China's CITIC Ltd. and Thailand's CP Group.

Housing Projects in China
How China Managed Its Housing Bubble

China has used various measures to manage its unstable housing market and prevent the bubble to burst, according to an article on Forbes.

Australia Craft Beer
China’s Beer Market Opens Door to Australian Beer Company

China’s lucrative beer market has opened its doors to one of Australia’s most popular beer brands. The company announced on Friday, May 5, that they will be selling their products in China soon, the Xinhua News Agency reported.

Hebei's Xiongan
'Steady' Planning Needed for Hebei’s Xiongan: Vice Premier

Chinese Vice Premier Zhang Gaoli stressed that a “steady planning” is necessary for the new economic zone in Hebei’s Xiongan.

China's Migrant Workers
China's Aging Migrant Workforce Working More in Stores Rather than Assembly Lines: State Report

An increasing number of China’s migrant workers are working closer to home rather than travel across the country to work in factories in prosperous towns and cities, Bloomberg reported.

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