Russia announced that it would lift its oil exports in Asia and consequently decrease the distribution for Europe.
Tags: China
Bankers expect China IPO market will reopen soon
Bankers have a growing expectation that China IPO market will reopen soon. The expectation that China's initial public offering market will be reopening soon has been growing among bankers and investors.
Scotiabank withdraws offer for Bank of Guangzhou's 20% stake
Scotiabank withdrew its offer for Bank of Guangzhou's 20% stake after Chinese authorities' refusal for its Can$719 million bid.
China's online corporation Cloudary withdraws US$200 million US IPO
Cloudary Corp, China's online company, would withdraw its IPO worth more than US$200 million due to the market's current condition.
Tsinghua Holdings to purchase chipmaker Spreadtrum for US$1.78 billion
Tsinghua Holdings would purchase a mobile chip designer, Spreadtrum, for US$1.78 billion. Tsinghua Holdings Co Ltd, state-owned unit, would purchase Spreadtrum Communications Inc for US$1.
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Forgame Tech Co. submitted official documents for an IPO later this year. Forgame Tech Co. , a video game production company, has presented its official initial public offering documents to Hong Kong's equity agency and plans to start the IPO later this year, said the sources, who requested not to be identified.
Yum! Brands increased profit numbers despite backlash in China. Parent company of the world famous Pizza Hut and KFC restaurant chains, Yum! Brands Inc.
The People's Bank of China has released notice to require banks and companies to use the yuan in their international transactions.
Investors retracted US$13.9 billion from equity mutual funds invested in Brazil, Russia, India and China.
China announced handing over audit documents of Chinese firms listed on the US stock exchanges to the United States regulators.
China's foremost social media services provider, Net@lk, was acquired by Publicis Groupe. Today, Publicis Groupe announced that it acquired China's foremost social media services provider, Net@lk.
Renault and Donfeng Motor Group hoped to close a deal worth US$1.6 billion this month. On Monday, Renault, a French carmaker, and Dongfeng Motor Group hoped to end up with a deal later this month.
Ding Xuedong was appointed the new chief of the sovereign wealth fund of China and faced pressure to boost returns for the country.
The decrease in demands for China was accounted for its slowing economic growth as Asian's coffee premiums remain at multi-month highs.
