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Friday, 04 September 2015


An aircraft flies over Beijing International Airport on a hazy day in Beijing, August 7, 2015. China called on Malaysia on Thursday to continue investigating what happened to a missing Malaysia Airlines flight after Kuala Lumpur said a piece of a wing tha

Chinese plane-hire deal survives market turbulence

04 September 2015

Bohai Leasing’s $2.6 bln bid for Dublin-based Avolon confirms China’s desire to grow in aircraft rental. The $31-a-share offer is slightly below Bohai’s indicative bid a month ago. But rising interest rates and the falling yuan could have been reasons to drive a harder bargain.

Billionaire Guo Guangchang (L), Executive Director and Chairman of Fosun International, poses with Liang Xinjun, Executive Director, Vice Chairman and CEO, during the annual general meeting of the Chinese conglomerate in Hong Kong, China May 28, 2015.

Fosun global ambition clashes with market reality

03 September 2015

The Chinese conglomerate’s bid for private bank BHF Kleinwort Benson comes with alluring logic and a reasonable premium. That might not be enough. Weak markets in China, and an apparent belief that Fosun will offer more, are pulling in opposite and unhelpful directions.

A man walks past workers installing the new logo of Portuguese Novo Banco (New Bank) at their Lisbon office September 22, 2014. REUTERS/Hugo Correia

Novo Banco has issues - Chinese owner or not

02 September 2015

Insurer Anbang is no longer in line to acquire the bailed-out Portuguese bank. Yet given rival Chinese group Fosun remains in the race, Chineseness is unlikely to be the problem. Any buyer for Novo Banco needs to get comfortable with its uncertain capital and litigation bills. 

Andy Mukherjee

China woes add force to secular stagnation debate

02 September 2015

A spike in U.S. real interest rates, triggered by a tiny yuan devaluation, roiled world markets. Even so, 20-year bond yields are still just 1 pct above inflation. If even this is too much for borrowers, the idea the global economy is running out of steam gains more credence.

Soldiers of the People's Liberation Army (PLA) of China march in formation past the Tiananmen Gate and the giant portrait of Chinese late chairman Mao Zedong (C) as they gather ahead of a military parade to mark the 70th anniversary of the end of World Wa

Deepening economic ties belie China-Japan tension

03 September 2015

Seventy years after World War Two, relations between Asia’s two biggest economies are in poor shape – as Beijing’s huge military parade shows. But trade, investment and tourism tell a different story. Japan’s economic success increasingly depends on China’s, and vice versa.

Indian Prime Minister Narendra Modi (R) listens to Finance Minister Arun Jaitley during the Global Business Summit in New Delhi January 16, 2015.REUTERS/Anindito Mukherjee

India beats timely retreat from fiscal tyranny

02 September 2015

The finance minister has retracted a flawed plan to tax foreign fund managers’ past earnings. Jittery global markets may have hastened the truce. Settling similar disputes with Vodafone and Cairn would show the government is belatedly keeping its promise to end “tax terrorism”.

Focus Media logo

Focus Media relisting defies China's market rout

01 September 2015

The advertising group is trying to list again in Shenzhen after a previous attempt in June fell through. But despite the stock market slump, Focus Media’s $7.2 bln valuation is unchanged. Other U.S.-listed companies eyeing a return to the mainland may need to be more realistic.