Snowbird AG's initial public offering in Germany was hurt by the disappearance of executives at Ultrasonic AG, a Chinese shoemaker listed in Frankfurt, according to the firm managing the IPO for the Chinese down processor.
US chipmaker said to spend $1.5b for 20% stake in parent of Unisplendour
Huawei Technologies Co Ltd, the world's largest telecommunications equipment maker, said it would invest more than $4 billion in fixed broadband technology research and development in the next three years.
Chinese banks face a "major risk" from rising nonperforming loans in the second half of the year as the economy slows, PricewaterhouseCoopers said on Thursday.
Young, rich and hungry for speed, a new generation of Chinese drivers is reshaping the global market with their taste for powerful cars, said a new study released on Wednesday.
Consumers have increasingly high expectations of financial services, and banks that can innovate fast enough to keep up with their demands are the most likely to succeed, according to Boston Consulting Group on Thursday.
Consumers will soon have a plethora of express delivery companies to choose from in China as the government has decided to open up the express delivery market to qualified foreign companies.
Russia has developed a strong appetite for the Chinese currency, reports Bloomberg in Moscow.
Basel committee rules tend to drive up banks' compliance costs, Shang Fulin says
An estimated 400 local employees are expected to receive pink slips
China Vanke Co, the country's biggest developer by sales, has again turned to online marketing with an unusually structured home auction that is getting a mixed reaction.
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