China has tightened the purse strings on foreign investment, but the government’s crackdown could completely backfire, hurting the very companies it’s seeking to firm up. Chinese companies had been on a massive shopping spree — outbound deals hit a new record every year since 2009, soaring 500 percent to a whopping $200 billion last year. […]
Read moreAn American business group endorsed on Friday a trade deal that no longer includes the U.S. and has been deemed a “disaster” by President Donald Trump. The American Chamber of Commerce in Singapore, or AmCham Singapore, may be the first U.S. business association to endorse the Trans-Pacific Partnership trade deal excluding the U.S. “The TPP […]
Read moreWith its decision to reinstate hundreds of academic articles, a division of Cambridge University has done what larger entities have failed to: stand up to China. Cambridge University Press, the world’s oldest publishing house, on Monday reversed an earlier decision to block access within China to 315 articles in “The China Quarterly,” a leading academic […]
Read moreStocks in Asia were mixed in early Friday trade after Wall Street slipped on uncertainty in Washington while investors anticipated an annual central banking symposium in Jackson Hole. Japan’s Nikkei 225 rose 0.25 percent in early trade, with gains in automakers, trading houses and financials driving the broader rise in the index. Across the Korean […]
Read moreUber investor Shervin Pishevar has filed a legal documents and also sent a letter to the board of the car-hailing company today, saying he had to “intervene” in the lawsuit brought by Benchmark against ousted CEO Travis Kalanick. Yes, more mess at Uber, which must come as a shock to one and all. You can […]
Read more