US chip manufacturer Qualcomm will send its second refiling of its antitrust application to the Chinese Ministry of Commerce as early as Monday next week, sources told Reuters, in a desperate attempt to stop its deal with NXP Semiconductors from falling through. Qualcomm withdrew its previous application on Saturday only four days before the Ministry […]
Author: Timothy Ang
Chinese e-commerce giant JD.com has agreed to buy one third of Allianz China for RMB536.6 million ($85.4 million), Caixin Global reports, as part of a wider fundraising initiative by the German Insurer’s China subsidiary. According to a company filing made by Allianz on Monday, JD.com will become Allianz China’s second largest shareholder after the parent […]
China National Chemical Corporation, also known as ChemChina, is in talks with commodities firm Mercuria to expand its 12% stake in exchange for interest in its onshore refining system, sources told the Financial Times. ChemChina, the country’s third largest oil refiner behind Sinopec and PetroChina, processes over 500,000 barrels a day. With the finalising of […]
Changes made by the World Bank to its lending model will see China eligible for fewer loans as the US pushes for more money to be allocated to poorer countries, the Financial Times reports. The White House reached a deal with the World Bank last week in which the US will contribute a further $13 […]
Foreign investors will be allowed to buy Chinese iron-ore futures from May 4th, announced the China Securities Regulatory Commission on Friday, in another move designed to open up the country’s markets to the wider world. Last month saw the issuance of the first yuan-denominated crude oil futures in Shanghai, which many interpreted as Beijing’s bid […]