Tags: China

EB-5 tougher for Chinese rich if investment bar goes up

The EB-5 immigrant investor program, popular green card route for Chinese rich investors, may pose tough time for potential investors from the world's second largest economy if the changes under consideration come into force. The US government grants permanent residency to foreigners who invest $500,000 in the US economy creating employment opportunities.


China sees 10,000 start-ups a day amid government support

There's good news in a form of startups for China, which is reeling under the pressure of the slowdown in the economy. Giving much breath to China, over 10,000 startup firms are to take off every day. The majority are small enterprises.

China Resources to offload stake in Wal-Mart China for $525mn

China Resources SZITIC Trust Co Ltd, a unit of China Resources Corp, is planning to divest minority stake in Wal-Mart Stores Inc. The state-backed China Resources Trust has a minority stake in the US retailer's operations in China. Wal-Mart Stores Inc has 21 Wal-Mart outlets in China. China Resources has listed its stake for sale at Yuan3.3billion ($525million). It's estimated that China Resources has 35 percent stake in the Wal-Mart outlets in China. Wal-Mart believes the transfer of minority stake doesn't impact the operations in China.

Hillary Clinton criticizes Trans-Pacific trade pact

Hillary Clinton, the US Democratic Presidential candidate, has raised her voice against the 12 nation Trans-Pacific Partnership (TPP). Clinton said the agreement is not enough to keep tabs on currency manipulation or protecting consumers from high drug prices


Latest News

Is the $200 price target for Apple's stock achievable considering the estimated sales realization from iPhone 6 and Apple Watch? Some analysts say yes and some say it's overpricing from the current price of $110. Overdependence on price-earnings (PE) multiples and surplus cash are being added to $200 target.
The lack of clarity about the US data and timing of interest rate hike have put further pressure on Asian stock markets. Several Asian stocks slipped into pressure on Friday trading ahead of the US data jobs report. Japan's Nikkei fell 1.7 percent for the week. The long holiday stretch for Chinese markets also resulted in sluggishness in the Asian market.
Of late, Japan has been facing a different situation albeit rough weather in the international diplomacy. Japanese Prime Minister Abe Shinzo didn't (couldn't) meet Barack Obama, the US President, this week at the 70th year founding celebrations of the United Nations (UN) held in New York. However, the list of dignitaries that Abe met included Vladimir Putin, Russian President, and Park Geun-hye, South Korea President. Abe participated in a number of meetings and met several important global leaders on the sidelines of the UN celebrations.
The Apple Inc. has sold more than 13 million units of iPhone 6s and 6s Plus. Sales was said to be boosted by China.
The China's Commerce Ministry has slapped a fine on a joint venture (JV) between Microsoft Corporation and its Chinese partner BesTV in Xbox game console venture for breaking antitrust laws. However, the Redmond-based global IT major has escaped from a major penalty as the investigation didn't find any major fault on the part of Microsoft over market competition rules. The investigation on Xbox marketing drive revealed that Microsoft didn't obstruct the free market competition. The Chinese Commerce Ministry has imposed a penalty of Yuan 200,000 ($31,430) on Microsoft JV firm in China.
The Asian market open lower on Tuesday as investors start to weigh in again the possibilities of a weak economy sign in China. The market fell to its three-week low and is raising concern in the U.S too causing a substantial loss in the Wall Street.
Feeling the heat over the China's economy slowing down, Kobe Steel Ltd has reduced its profit target by 58 percent for its construction machinery unit Kobelco Construction Machinery.
The slump business in the mining industry had led Caterpillar to reduce its revenue expectation for this year. The latest revenue projection is $48 billion which is 25 percent lower compared to the last 4 years. The reduction means not only the company will suffer, but its heavy machinery parts supplier is feeling the effects too.
Retail giant H&M is looking forward to boosting its brand awareness throughout China with the opening of majority of its new establishments this year in the country regardless of the global concern over Asia's unstable economy, The Drum reported.
Goldman Sachs is racing ahead of its rivals in the global investment banking segment by revenues and fees in mergers and acquisitions (M&As) activity. Goldman Sachs' performance in 2015 so far exceeded while its competitors are not even close to it. With a market share of 12.3 percent, Goldman Sachs recorded $2billion revenues till date, while JPMorgan and Morgan Stanley are left with less than nine percent market share in the M&A space. The mergers and acquisitions activity this year so far was a robust period for Goldman Sachs.
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