Tags: China
Opinion among Federal Reserve Policymakers on U.S. rate hike isn't as divided as it seems
There are mixed opinions coming from the US Central Bank in the past few weeks, but the Federal Reserve policymakers aren't really as divided as they seem as they work under the same framework in determining when to increase interest rates.
Uber-like startup, Yidao Yongche receives $700M of investment
China uber-like startup, Yidao Yongche announced that the company will be receiving a huge investment from a Beijing-based company, LeTV. According to Yidao Yongche's statement, the three-year-old company is receiving investment worth $700 million by LeTv for 70 percent stake in the ride-hailing app company.
Nestlé future forecast slit after missing nine months sales
Nestlé's sales from Asia, Oceania and Africa (AOA) region went down 3% and the company whose brands range from Nescafe and KitKat to Perrier has less sales growth forecast for 2015 to around 4.5%. This is way back below its broader objective of 5 to 6% growth in the succeeding years.
Alibaba offers to privatized another Chinese company listed on the NYSE
The Chinese biggest e-commerce company, Alibaba announced that it will buy the remaining 82 percent of China's YouTube-like service provider, Youku Tudou. According to a source, the company is offering Youku Tudou $26.60 per share totalling up to $3.6 billion.




