Takata will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history. The Japanese company, whose defective air-bag inflators have been blamed for at least 16 deaths and more than 150 injuries worldwide, will file for protection […]
Read moreChina’s central bank will not take action to shrink its balance sheet like the U.S. Federal Reserve as it does not face the same pressures due to its use of different policy tools, an adviser to the People’s Bank of China said on Thursday. The Fed is looking to start reducing its massive $4.2 trillion […]
Read moreThe troubles surrounding Chinese insurer Anbang are part of a “house-cleaning” that was “well overdue,” an industry expert said Thursday. Last week, Anbang — best known for its 2015 purchase of New York’s landmark Waldorf Astoria hotel — said its chairman, Wu Xiaohu, was no longer able to fulfill his duties. The brief statement cited […]
Read moreGlobal markets started 2017 fearing, among others, a disruptive United States and growing political risks in Europe. But neither of those has turned out to be damaging thus far, Citi Private Bank said in its mid-year review. That said, generating double digit returns will not be “quite as easy” in the coming months compared to […]
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Commerce secretary and billionaire investor Wilbur Ross recently referred to China as “the most highly protectionist of the big countries” in an interview with the Wall Street Journal, repeating a claim he made back in January. But data seems to suggest otherwise. Average tariff rates are actually higher in Brazil and India, two of the […]
Read morePresident Donald Trump on Wednesday said the United States had a “great relationship with China” as he stood beside former Iowa Governor Terry Branstad, the new U.S. ambassador to Beijing. “We have a great relationship with China and I really like President Xi,” Trump said in a speech at an Iowa community college. The comment […]
Read moreNew Zealand’s central bank kept its benchmark interest rate at a record low of 1.75 percent on Thursday, and reiterated it would remain unchanged for a while yet, while adding that the economic outlook was promising. The Reserve Bank of New Zealand (RBNZ) Governor Graeme Wheeler said monetary policy “will remain accommodative for a considerable […]
Read moreChinese efforts to persuade North Korea to rein in its nuclear program have failed, President Donald Trump said on Tuesday, ratcheting up the rhetoric over the death of an American student who had been detained by Pyongyang. Trump has held high hopes for greater cooperation from China to exert influence over North Korea, leaning heavily […]
Read moreJapan opened a missile defense drill to the public on Wednesday, a move it says will reassure the country it is ready to counter any missile attack by neighboring North Korea. A PAC-3 Patriot battery drove on to the Asaka Self Defense Forces base near Tokyo, deployed its radar antenna and raised its missile launcher […]
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A decade ago, the real estate market opportunity in China consisted largely of risky speculative development deals because of a lack of availability of stock. Foreign investors seeking opportunistic returns from the first wave of China funds have been largely disappointed from a toxic combination of delays, cost escalation and implementation problems due to difficulties […]
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