Municipal bonds are a good idea whose time has not yet come
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Category: Investment
Diageo (DEO.NYSE, DGE.LSE), an alcoholic beverages company based in the UK, will pay as much as US$1.3 billion to acquire control of Shuijingfang, a famous Chinese baijiu brand, the Financial Times reported. The deal marks one of the first foreign acquisitions of an important Chinese brand, though Western governments have long pressured Beijing to be […]
China’s top search engine Baidu (BIDU.NASDAQ) announced Friday it will pay US$306 million for a majority stake in online travel platform Qunar.com Information Technology, the Wall Street Journal reported. The investment underscores Baidu’s efforts to widen its product offerings, with acquisitions in online video and e-commerce ventures, in order to compete with other expanding Chinese […]
The Hong Kong Exchanges and Clearing (0388.HK) will allow listing candidates to sell their shares solely in renminbi, as well as in both renminbi and Hong Kong dollars, as part of a new listing model contained in guidelines released yesterday, the South China Morning Post reported. Listed companies that have already issued shares in Hong […]
China will make it easier for local governments and companies to issue bonds to finance social-housing construction projects, in an effort to ease the funding shortages that are plaguing the program, the Wall Street Journal reported. The National Development and Reform Commission, China’s top central planner, said in a statement published on the website of […]