Deutsche Bank has agreed to sell its 20-percent stake in China's Hua Xia Bank to PICC Property and Casualty Co. for over 3.3 billion US dollars. Germany's biggest lender says the completion of the transaction will be subject to customary ...
Tags: Deutsche Bank, Hua Xia Stake
China's economic growth is expected to be unchanged in the fourth quarter of this year, but an improvement is still distant due to property weakness and excess capacity, according to the latest report from UBS. The Swiss banking group ...
Housing prices in China are expected to grow steadily in 2016, while divergence between bigger and smaller cities will continue, according to a property research organization. Government policy has perhaps helped to ease the housing glut ...
Tags: Property Sector, Mild Growth
International industry experts say China's property market needs more government support if excess stock in the housing sector is to be reduced. Experts say much residential housing has left empty over the past few years, creating a major ...
Tags: Property Sector, Excessive Supply
The Ukrainian Parliament on Thursday passed a bill amending the country's tax code system, thus fulfilling one of the key requirements set by the International Monetary Fund (IMF) to continue allocation of financial aid to the eastern ...
Tags: Tax Reform
Construction on the first unit of a pilot nuclear power project using a Chinese reactor design began in south China on Thursday. Workers on Thursday morning broke ground on the unit that will use Hualong One technology, a ...
Tags: Nuclear Power Project
China on Thursday donated mine clearance equipment to Cambodia and start-up funds to the ASEAN Regional Mine Action Center. The 500,000-U.S. dollar donation included office equipment worth about 250,000 dollars to Cambodia, and start-up ...
21 Dec 2015 Tobacco giant Philip Morris has lost its fight against the plain packaging laws that it claimed would threaten the intellectual property of its brands. The company behind Marlboro, Peter Jackson and Longbeach cigarettes has ...
Tags: Philip Morris, Tobacco, Packaging
China will continue to actively destock its massive property inventory over concerns that the ailing housing market could derail the economy. Along with cutting overcapacity and tackling debt, destocking will be a major task in 2016, ...
Alibaba has hired Apple's former counterfeiting investigator to lead the charge against fake products on Alibaba's e-commerce platform. The Chinese online retail giant has appointed Matthew Bassiur as its head of global intellectual ...
Against the backdrop of the gloomy global economy, almost all countries have taken innovation as a key to success. So does China. On top-level design, China's 13th Five-Year Plan for 2016-2020 clearly lists innovation as the number one ...
Tags: Innovation, China, Innovation Trend
China's real estate sector showed signs of warming in November as new home prices rose on a monthly basis in an increasing number of cities, buoyed by government policies. Of 70 large and medium-sized cities surveyed in November, new home ...
China might introduce more easing policies in 2016 to consume unsold home inventories, a report by the Bank of Communications said, despite data from Friday showing signs of a warming market. The government could further lower the minimum ...
The spat between China's largest property developer Vanke and its current biggest shareholder Baoneng Group has continued to heat up. Vanke's President Yu Liang says the company is facing a "hostile takeover". Last week, Chairman Wang ...
Swedish telecom equipment maker Ericsson has signed a patent license agreement with Apple. Financial details have not been revealed. Meanwhile, Ericsson has estimated that its overall revenues from intellectual property rights this year ...
Tags: Ericsson, Apple, patent license