Experts are no longer foreseeing a long-term depreciation of the yuan, following the efforts of China’s central bank to fix the currency’s central parity rate at the weakest level in six years on the first trading day after a weeklong holiday.
Pos Malaysia Bhd, Malaysia’s biggest postal company, is planning to talk with Alibaba Group Holding Ltd this month as the 200-year-old company wants a more direct role in providing logistics services, especially in the growing online retailing sector.
The International Monetary Fund (IMF) has cautioned China that it is moving toward “financial calamity” and must keep away from debt to avoid a crisis, according to a report by the Telegraph.
The German government refuses to help Deutsche Bank.
The Chinese government is disappointed over the new EU policy on steel imports.
Lenovo Group is in talks to buy the PC business of Fujitsu, with a final deal set to be closed this month, sources reported.
A fund manager has reportedly made millions in compensation from Fidelity Investments’ best performing assets such as Alibaba, according to an article by Fortune.
A Chinese company is suing Dutch retail chains Blokker B.V. and Leen Bakker for selling a party tent that was allegedly copied from their designs.
Amid a slump in global ship orders, China’s two biggest state-owned shipping companies are set to merge 11 shipbuilding yards, in the biggest consolidation in the sector, The Wall Street Journal reported.
Novartis is cutting off jobs in China, Singapore and Switzerland as parts of efforts to centralize its operations.
Lifan Motors unveiled the Lifan X50 in Argentina.
Niantic continues to enjoy the rewards of “Pokemon Go’s” success in the gaming sector with an estimated $2 million in gross revenue. The numbers could still go up once the company applies the planned new features and updates for the hit augmented reality game.
The American coffee giant is launching a new line of tea flavors in China.
The company behind KFC, Pizza Hut and Taco Bell blames the dispute over the South China Sea for the dip in revenue in China.
Warnings are raised again by China’s banking system that debts are hardly paid due to the country’s slow growth.
