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Search results for ""China""



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3 reasons markets lost faith in China's economy, at a glance

For decades, Chinese economic policymakers have drawn praise for keeping their economy growing strongly through turbulence, such as the Asian financial crisis of 1997-1998 and the worldwide financial tumult of 2008. But investors have begun to lose faith in Beijing's economic management. The intervention undermined Beijing's pledge to give market...
Source: The Associated Press | By: By The Associated Press
Doubts about China's economic leadership sap confidence

The Dow Jones industrial average has lost nearly 1,000 points since China's surprise move to devalue its currency Aug. 11. For all its woes, China still outruns every other major economy. For 2015, while the nearly healthy U.S. economy will expand perhaps 2.5 percent, even most pessimistic analysts predict that China's will grow at least 5 percent.
Source: The Associated Press | By: By PAUL WISEMAN, AP Economics Writer
China's Zoomlion swings to loss in H1 amid market downturn

BEIJING, Aug 30- Major Chinese construction machinery maker Zoomlion Heavy Industry Science and Technology Co Ltd swung to a net loss in the first half amid a sustained downturn of the domestic market. In January-June, Zoomlion booked a 309.8 million yuan net loss, in line with its own forecast of 300- 380 million yuan, according to a stock exchange filing on Sunday.
Source: Reuters
Chinese machine maker Sany sees H1 earnings drop 75 pct

BEIJING, Aug 30- Major Chinese construction machinery maker Sany Heavy Industry Co Ltd on Sunday reported a 75.6 percent fall in its first half earnings amid a sustained downturn of the domestic market. Encouraged to expand after Beijing fired up a $644 billion stimulus package in 2008, Chinese heavy equipment makers are stuck with a glut of unsold equipment,...
Source: Reuters
China needs further action to stop water pollution - vice premier

BEIJING, Aug 30- China faces a "formidable task" to clean up its rivers and lakes and needs a fundamental change in attitudes to prioritise the environment over economic development at all cost, vice premier Wang Yang said. China published a water pollution prevention action plan in April, promising to improve water supplies in the world's most populous country...
Source: Reuters | By: Dominique Patton
INSIGHT-Boeing uses its clout to control supplier consolidation

NEW YORK, Aug 30- Berkshire Hathaway Inc's $37 billion deal for aerospace supplier Precision Castparts Corp is encouraging investors to consolidate the fragmented aircraft components industry, even as Boeing Co uses its clout as the world's biggest plane maker to put a check on some deals. Private equity and strategic buyers have been pouring into the sector,...
Source: Reuters | By: Alwyn Scott
UPDATE 2-Thai police hunt more suspects after Bangkok bomb arrest

BANGKOK, Aug 30- Police probing Thailand's deadliest bombing raided a second location and widened their search for more suspects on Sunday after a foreigner was arrested and stacks of fake passports and bomb-making materials found at a Bangkok apartment block. The bombing killed 20 people and stunned Thailand. Fourteen foreigners, seven from mainland China...
Source: Reuters | By: Pairat Temphairojana and Simon Webb
Ageas to sell Hong Kong unit to China's JD Capital for $1.4 bln

HONG KONG, Aug 30- Ageas has agreed to sell its Hong Kong insurance unit to a China- based asset manager JD Capital for HK $10.7 billion, the Belgian insurer said in a statement on Sunday, exiting a business it acquired eight years ago. "The decision to sell our business in Hong Kong follows a strategic review of our Asian activities in which we concluded that it is in the...
Source: Reuters
Volkswagen Launches Cultural Engagement Initiative in China With Opening of the Rain Room Exhibition in Shanghai

Première in Asia: Together, Volkswagen Group China and YUZ Museum bring Rain Room to Shanghai The largest installation to date of the artwork by Random International Opening with around 300 guests from the fields of culture, economics and politics. Opened on Saturday evening in Shanghai, the exhibition marks the first display of Rain Room in China.
Source: PR Newswire
BoE: Stance on rates unchanged by China woes

Bank of England Governor Mark Carney said on Saturday that a slowdown in China's economy could push down further on inflation but it did not change, for now, the central bank's position on when and how it might increase interest rates.
Source: Reuters