Sectors
Opium Seasoning Used In Chinese Restaurants : 5 Prosecuted - 30 Under Probe
The latest food scandal emanating from China revolves on the usage of poppy powder is a banned item by the Food and Drug Administration of China. Five restaurants have been prosecuted and another 30 more are under probe for using ingredients like morphine and heroine in restaurant food. This latest scandal is one in the many high-profile food scandals that has been hitting China in the recent years.
Pope Mobile-Sports Will Be Auctioned in Philadelphia Next Week
Two of Fiat 500L used by Pope Francis during his visit in U.S. will be auctioned next week in Philadelphia Auto Show. Pope used the car during his historic visit to U.S. last September.
GM And Chinese Coportation Open Cadillac Plant in China To Woo Luxury Market
GM with its main Chinese partner have opened a Cadillac plant in Shanghai on Thursday, 21 Jan 2016 to take advantage of the potential growth in the overcrowded luxury market of China. Cadillac plant has capacity to produce 160,000 vehicles annually. Cadillac believe the luxury car market offer a lot margin opportunity notwithstanding pressure in pricing. Shares of GM have been reported trading on NYSE higher by more than 1 percent on Thursday.
Capital drains from emerging markets
Capital outflows from developing markets were higher than it was anticipated last year, according to a report by Institute of International Finance. The reason behind this oceanic change in emerging markets cash flow is China, which dragged out 676 billion US dollar.




