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Beijings investments in the developing world are coming under increasing scrutiny Chinese officials have been forced to defend plans to spend as much as $60bn (46.8bn) in investment, aid and loans in Africa over the next three years, after accusations the plan could saddle developing nations with too much debt.…
Bobby Franklin President Trump’s time in office has been punctuated by rising tension with China on a host of economic issues. He’s received bipartisan criticism for the impact of tariffs on Chinese goods and the resulting retaliation against American exports. These concerns led to passage of the Foreign Investment Risk Review…
As limited partners increasingly demand greater exposure to emerging market opportunities, venture capital firms with a focus on Asia are bulking up their funds and chasing deals in an increasingly competitive race to own stakes in the next generation of local startups with global aspirations. Over the last year, firms,…
Video US begins process for tariffs on $200B in Chinese products ‘Special Report’ panel reacts to the strategy behind the Trump administration’s new charges on Chinese products. The Trump administration announced Tuesday that it has begun the process of implementing fresh tariffs on $200 billion worth of imported Chinese goods.…
President Donald Trump and European Commission President Jean-Claude Juncker agreed to suspend new tariffs while negotiating over trade, pulling the U.S. and Europe back from the edge of a transatlantic trade war. The leaders pledged to expand European imports of U.S. liquefied natural gas and soybeans and both vowed to…
For a long time, China has been a dumping ground for the world’s problematic plastics. In the 1990s, Chinese markets saw that discarded plastic could be profitably recreated into exportable bits and bobs—and it was less expensive for international cities to send their waste to China than to deal with…
It’s not every day you see a 110-kilogram (250-pound) dog walking on hind legs. For one family in southwest China, however, that’s exactly what their Tibetan mastiff started doing, sparking some serious questions. While on vacation in 2016, Su Yun brought what she believed to be a Tibetan mastiff to…
At most big companies, it’s pretty clear who the millionaires are: top executives, rainmakers, science whizzes with PhDs. But at China’s Bloomberg. The previously unreported value of their holdings has ballooned as Sunny Optical’s shares surged more than 9,500 percent since June 2008, trouncing even Netflix Inc.’s 7,500 percent gain.…
Revenue grows the most since 2015; sales of wearables jump IPhone sales meet projections; Apple sees more revenue gains Apple Inc. reported revenue and profit that beat analysts’ estimates and projected continued sales momentum, calming concern about demand for the iPhone, its most-important product. The Cupertino, California-based company also raised…
Egypt’s Sawiris has put half his entire net worth into gold He’s been waiting 10 years for North Korea stakes to pay off meeting with North Korean Leader Kim Jong Un: Don’t bully him, and promise prosperity in exchange for concessions on nuclear. A successful meeting between Kim and South…
Sri Lanka’s Hambantota port spurs worries in India, Japan Operator China Merchants is ‘hell bent’ on turning it aound helped ease "the Chinese part of the debt burden." Still the decision remains unpopular with many Sri Lankans. Ironically that’s boosted the political fortunes of Rajapaksa, who lost a 2015 election…
About 279,000 barrels a day of fuel won’t be needed this year China adds a London-sized electric bus fleet every five weeks Source: Bloomberg New Energy Finance For every 1,000 battery-powered buses on the road, about 500 barrels a day of diesel fuel will be displaced from the market, according…