BlackRock, the world’s largest investment management firm, received an approval to set up a wholly-owned mutual fund unit in the world’s second-largest economy, making it the one of the first global ... ( read original story ...)
Shanghai copper posts longest monthly winning streak in 11 years
Shanghai copper prices posted their fifth straight month of gains on Monday, the longest winning streak in 11 years, as the coronavirus-hit Chinese economy rebounded. Strong construction and ... ( read original story ...)
BlackRock Gets Go-Ahead for a Mutual-Fund Business in China
BlackRock got approval from regulators to start a mutual-fund business in China, a milestone for an investment firm with fierce ambitions in the world’s second-largest economy. ( read original story ...)
Trump Pivots From Free Trade Agreements; U.S. Business Left Behind
For some 40 years, the U.S. has pursued Free Trade Agreements with like-minded countries regardless of their location. U.S. Trade Representative Robert Lightizer now says this is a mistake. But ... ( read original story ...)
Nestle says will sell China water business to Tsingtao Brewery Group
Nestlé SA said on Friday it had agreed to sell its China water business to Tsingtao Brewery Group as part of a strategic cooperation agreement with the Chinese beer maker. ( read original story ...)
Is it a good time for business between the U.S. and China?
The 37-year-old entrepreneur is a distributor for U.S. brand ScaleBlaster’s water-descaling system. Because of the U.S.-China trade war, he has to pay an additional 5% in tariffs to import goods into ... ( read original story ...)
UPDATE 1-Ping An’s profits fall sharply as pandemic hits new business
Co of China on Thursday reported a 29.7% fall in first-half net profit compared with the same period the year before, its biggest drop in more than a decade as the coronavirus pandemic hit new ... ( read original story ...)