A new global foreign and security strategy could serve as a catalyst to renew the EU's sense of purpose and dynamism. But not if it is issued, as planned, in June, when attention will be focused squarely on the UK’s referendum on continued EU membership.
2016-03-08
Foreign minister signals divergence with US as he warns against destabilising Pyongyang regime
2016-03-08
China's exports contracted 20.6% year-on-year in February, compared with a decline of 6.6% in January. Meanwhile, imports fell 8.0% year-on-year, an improvement from a drop of 14.4% previously. As exports declined faster than imports, the trade surplus narrowed to RMB209.5 billion (US$32.6 billion) in February. While yearly changes of China’s trade data are usually distorted […]
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2016-03-08
Shanghai-based health checkup firm Meinian Onehealth Healthcare (Group) Co. plans to acquire 72.22% of rival Ciming Health Checkup Management Group it does not already own for RMB2.7 billion (US$415 million), according to a disclosure document (in Chinese). Meinian Onehealth plans to issue new shares to finance the acquisition. After the completion of the deal, Ciming […]
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2016-03-08
CMC Capital has teamed up with U.S. merchant bank Raine Group to acquire an undisclosed stake in Imagine Entertainment, a Hollywood production firm led by director Ron Howard and producer Brian Grazer. The companies did not disclose the value of the investment, but media reports have put the number at over US$100 million. Global communications […]
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2016-03-08
The continued rapid growth in wealth management products invested through Chinese banks could be a key and critical source of credit and liquidity risk for some financial institutions, according to a research report by Fitch Ratings. The outstanding balance of wealth management products increased to RMB23.5 trillion (US$3.6 trillion) at the end of 2015, up […]
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2016-03-08
Mergers and acquisition activities in Asia Pacific and Japan reached US$105.5 billion in February, a 43.1% monthly increase in value from January's US$73.7 billion, and the highest-ever February in terms of deal value, according to data released by Thomson Reuters. This brings overall M&A deals involving Asia Pacific and Japan to US$179.3 billion year-to-date, a […]
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2016-03-08
Chinese investors and companies widely expect further RMB depreciation down the road and are more focused on managing their currency risk compared to a year ago, says a research report by ANZ. Hedging future import demand is now more common, considering the all-in local currency-hedged cost of foreign borrowing. Companies are no longer running active […]
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2016-03-08
Baidu Inc. has participated in a series B round of financing in Exands, a business-to-business wifi service provider in China, according to a company announcement. The round is led by Hangzhou Evershine Capital, with participation from existing investor Chinese venture firm ZEVC Managment Ltd. The value of the round is not disclosed. Exands uses SMS […]
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2016-03-08
Chinese instant messaging cloud service provider RongCloud has completed its first round financing of CNY50 million, which was led by …
2016-03-08
‘Sell’ advocates may shrug as data move against them, but they should tread carefully