With government approval, Bridgewater Associates plans to use a new unit based in China to raise billions of dollars to buy and sell assets in the country. It could give founder Ray Dalio the kind of clout that has largely eluded Western financial firms in the world’s second-largest economy.
Viacom Inc.’s Paramount Pictures has received none of the money it is owed by two Chinese partners in a $1 billion co-financing deal signed in January, the studio’s chief executive says.
Glencore and Qatar have agreed to sell the bulk of their nearly 20% stake in Russian state-controlled oil giant Rosneft to a Chinese energy company in a deal worth about $9 billion.
China’s economy got another boost from foreign trade last month, with exports posting modest growth, though the recent surge in the yuan’s value is starting to weigh on Chinese exporters.
President Donald Trump refused to rule out the military option but stopped short of saying whether he would tolerate a nuclearized North Korean state if the threat were contained.
Western multinationals are fighting harder to hold on to their margins in China due to overcapacity and an improvement in the quality of Chinese-made products.
The trade deficit with the largest U.S. trading partners, including China, widened this year, further evidence the Trump administration could use to advance its trade agenda.
Known as Crystal Palace, the 1949 home was built for a wealthy hat merchant, then was turned into a museum criticizing bourgeois decadence during Mao’s Cultural Revolution. Now, the largely derelict mansion is for sale.
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The property and entertainment giant controlled by billionaire Wang Jianlin has filed defamation suits against at least 10 Chinese social media accounts that published reports the company says sent its shares and bonds tumbling.
Hong Kong’s Jeneration Capital—most of whose $2 billion in assets under management comes from founders of Chinese tech giants—has hired former Coatue Management Asia chief Tony Zhang as a partner.
President Donald Trump pressed harder on potential military options in North Korea, offering billions of dollars in new American military equipment to allies in Asia and saying South Korea should use bigger conventional payloads on its missiles as deterrence.
Barry Callebaut Group said Tuesday it has produced a type of chocolate extracted from the Ruby cocoa bean, resulting in chocolate that is red-hued.
The U.S. has never used all of its tools to topple the North Korean regime.
Initial coin offerings are the latest financial-markets mania, capturing investors’ imagination like dot-com startups once did years ago. But for all the hype, the risks are plentiful.
Air France-KLM shareholders backed Delta and China Eastern Airlines taking minority stakes in the airline to strengthen the partnership among three of the world’s biggest carriers.
Markets still aren’t very good at pricing political risk—particularly of the catastrophic variety.