China

Anti Counterfeiting Coalition suspends Alibaba

The International Anti Counterfeiting Coalition, which is a leading anti-counterfeit group, has suspended the membership of Alibaba Group Holding Ltd.

China’s HNA Tourism Group Co Ltd Buying Carlson Hotels

China’s HNA Tourism Group Co Ltd Buying Carlson Hotels

On Wednesday, HNA Tourism Group Co Ltd, a Chinese company which is a unit of HNA Group Co Ltd, the aviation and shipping conglomerate, said it has agreed to buy Carlson Hotels.

China’s Slowdown Hurts the Casino Industry; Sands China’s Quarterly Revenue Misses Analysts’ Estimates

China’s Slowdown Hurts the Casino Industry; Sands China’s Quarterly Revenue Miss

China's slowdown is also affecting its casino businesses and Macau-based Sands China Ltd's less than expected first quarterly earnings report is an example of that.

Zhou Says China’s Economy Continues to be Fundamentally Healthy

Zhou Says China’s Economy Continues to be Fundamentally Healthy

Governor of the People's Bank of China, Zhou Xiaochuan, restated that there no reason to expect that the Chinese currency will continuously.

Mr. Zhou said, "There is no basis for persistent RMB depreciation from the perspective of economic fundamentals."

He also stressed that there were tools, which the government could use to limit the risks of a sluggish economic growth in the country.

Foreign Exchange Reserves in China Drops to its Lowest Level in Three Years

Foreign Exchange Reserves in China Drops to its Lowest Level in Three YearsIn January, the foreign-exchange reserves of China dropped to its lowest level in three years. This has raised questions regarding the length of time that Beijing can carry on burning its internal funds to protect the yuan without setting off a vast flight of capital.

Oil Prices Slides for the Second Session as Over Supply and China’s Slowing Demand Worry the Market

Oil Prices Slides for the Second Session as Over Supply and China’s Slowing Demand Worry the MarketThere is no respite for crude prices at least not right now.

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