Visa Inc, the world's biggest card payments network, is gearing up to participate in yuan-denominated business in China, as regulators prepare to release rules facilitating foreign players to enter domestic market possibly as soon as July.
Companies hope to offset tough conditions elsewhere by making inroads in the growing market, reports Wang Chao.
'Addiction to debt' to fund local growth could spell trouble ahead
In the second week of May, 13 companies joined the queue of more than 700 applicants waiting for the regulator's review of their initial public offering applications.
Investment rises 21.1% in past four months, sales value eases to 59.8%
Hangzhou Wahaha Group, the Chinese drinks giant, is "in discussions" to bring a number of boutique European brands to its own new shopping malls across the country, according to its chairman.
China's grade A office rent is under pressure this year because of its already high base, weakening demand and rising supply in some cities, industry analysts said.
Billionaire Carl Icahn, seeking to scuttle a buyout led by Silver Lake Management LLC, is asking Dell Inc investors to bet on a computer maker beset by rising competition, tumbling demand and a bigger debt load.
Smart technology company looks to China for higher data growth storage
LinkedIn Corp, the biggest online professional-networking service, fell the most in almost two years after forecasting sales that trailed analysts' estimates, raising concern that mobile advertising will be slow to kick in.
It offers possibilities for shipping as well as oil, gas exploration ventures
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