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China Ramps Up Pressure on Exiled Critic, Fining His Company $8.7 Billion

China put further pressure on exiled businessman and government critic Guo Wengui, with a court slapping an $8.7 billion fine on his company and punishing several associates who were involved in the takeover of a securities firm......»»

Category: topSource: wsjOct 12th, 2018

China"s Didi to invest $1 billion in its auto services platform

Didi Chuxing Technology, China's largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business, part of a larger unit rebranding as the company ramps up to a widely anticipated initial public offering (IPO)......»»

Category: topSource: reutersAug 6th, 2018

Meet CMIG, the Chinese Group Dicing With Default

Another acquisitive Chinese company is wobbling. Less than five years old, China Minsheng Investment Group Corp. has spent more than $4 billion on investments and amassed $34 billion of debt, but recently almost failed to make a bond repayment. CMI.....»»

Category: topSource: washpostFeb 14th, 2019

Exclusive: Huawei needs 3-5 years to resolve British security fears - letter

A $2 billion effort by China's Huawei to address security issues raised in a British government report last year will take between three and five years to produce results, according to a company letter to British lawmakers seen by Reuters......»»

Category: topSource: reutersFeb 6th, 2019

Boeing"s Sales Climb on Air-Travel Demand

Boeing expects sales to rise as much as 10% this year as the aerospace giant ramps up production to meet global demand for air travel. The company said fourth-quarter profit rose 3% to $3.4 billion......»»

Category: smallbizSource: wsjJan 31st, 2019

Technology Company Foxconn Is Rethinking Its $10 Billion Wisconsin Factory Amid Trump’s China Trade War

Foxconn and President Trump unveiled the Wisconsin project with fanfare in 2017 (Bloomberg) — Foxconn Technology G.....»»

Category: topSource: timeJan 30th, 2019

Exclusive: MoneyGram exploring options, including potential sale - sources

MoneyGram International Inc is exploring strategic alternatives, including a sale of the company, a year after a U.S. government panel nixed its $1.2 billion sale to China's Ant Financial, people familiar with the matter said on Friday......»»

Category: topSource: reutersJan 25th, 2019

Ford Swings to a Loss, Misses Analysts" Profit Estimates

Ford’s fourth-quarter operating income dropped 28% amid worsening losses in China and Europe, underscoring the pressure on the auto maker’s stout U.S. business as Chief Executive Jim Hackett tries to revitalize the company......»»

Category: smallbizSource: wsjJan 24th, 2019

Exclusive: British Lotus cars to be "Made in China" at new Geely plant: documents

The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan ($1.3 billion) factory in Wuhan city, company job advertisements and government documents showed......»»

Category: topSource: reutersJan 17th, 2019

China central bank"s record $83 billion injection heightens worries over ailing economy

China's central bank injected a record $83 billion into the country's financial system on Wednesday, seeking to avoid a cash crunch that would put further pressure on the weakening economy......»»

Category: topSource: reutersJan 16th, 2019

China"s JD.com board approves share buyback program of up to $1 billion

China e-commerce giant JD.com Inc. said Wednesday its board has approved a share buyback program of up to $1 billion. The company said it plans to fund the program using its existing cash balanc.....»»

Category: topSource: marketwatchDec 26th, 2018

Japan to Buy 105 More F-35 Fighters

Japan plans to spend around $10 billion to become the largest customer outside the U.S. for Lockheed Martin’s F-35 jet fighters, as it responds to a rising China and pressure from President Trump to spend more on American military hardware......»»

Category: topSource: wsjDec 18th, 2018

The Wall Street Journal: Japan to spend about $10 billion on Lockheed Martin’s F-35 fighters

Japan plans to spend around $10 billion to become the largest customer outside the U.S. for Lockheed Martin Corp.’s F-35 jet fighters, as it responds to a rising China and pressure from President Donald Trump to spend more on American military hardware......»»

Category: topSource: marketwatchDec 17th, 2018

Tencent Music IPO raises over $1 billion

China-based music streaming company Tencent Music Entertainment said it raised close to $1.1 billion in its U.S. initial public offering after pricing its shares at the bottom of its targeted range. Ed Giles reports......»»

Category: videoSource: reutersDec 12th, 2018

China"s Tencent Music raises nearly $1.1 billion in U.S. IPO

China-based music streaming company Tencent Music Entertainment Group has raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range, two sources said on Tuesday......»»

Category: topSource: reutersDec 11th, 2018

China"s Anta Sports-led group buying Finland"s Amer Sports for $5.2 billion

A consortium led by China's Anta Sports made an offer to acquire Finland's Amer Sports in a deal that values the company at 4.6 billion euros ($5.23 billion), the Chinese firm said on Friday......»»

Category: topSource: reutersDec 7th, 2018

China"s growth slows, as does tourist spending at Tiffany

There was something missing at the luxury jeweler Tiffany & Co. in recent months: Chinese tourists. While the company said Wednesday that third-quarter revenue rose 4% to just above $1 billion,... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 28th, 2018

Battling Trump’s $250 billion trade war one company at a time

U.S. President Donald Trump’s $250 billion economic battle with China has run into a one-man obstacle. A trade-war whisperer working for the other side......»»

Category: topSource: moneycentralNov 18th, 2018

Battling Trump’s $250 billion trade war one company at a time

U.S. President Donald Trump’s $250 billion economic battle with China has run into a one-man obstacle. A trade-war whisperer working for the other side......»»

Category: topSource: moneycentralNov 18th, 2018

In another push, Elliott calls on Hyundai to boost returns, review assets

U.S. hedge fund Elliott Management on Tuesday renewed pressure on Hyundai Motor Group, calling on the South Korean company to return $10.6 billion of cash to shareholders and consider selling non-core assets, including $10 billion of property......»»

Category: topSource: reutersNov 13th, 2018

Alibaba Holiday Sales Hit $24 Billion In One Day

China e-commerce company has its own holiday much the way that Amazon.com (NASDAQ: AMZN) does. Alibaba’s is called “National Singles Say”. Sales for the holiday crossed $24 billion........»»

Category: blogSource: 247wallstNov 11th, 2018