US military spending may be flat, but that's not proving to be much of a problem for Israeli defense company Elbit Systems Ltd.
Ferdinand Piech, the grandson of the creator of the VW Beetle and the patriarch of the German automaker for more than two decades, is losing his grip on Volkswagen AG two years before his last term as chairman ends.
The world's largest tortilla-maker has largely succeeded in its seven-year quest to earn redemption from credit-ratings companies. To bondholders, though, the company still isn't getting its due.
With the rise of the Chinese middle class, the nation's cruise market will continue to grow, and is expected to become the Asia's largest market by 2020, industry sources said.
In 2014, the number of Chinese tourists traveling abroad increased by 19.5 percent year-on-year to 109 million, topping threshold of 100 million for the first time in history, according to the China National Tourism Administration.
The surge in Chinese students studying abroad can be traced back to a June 1978 speech by veteran Chinese leader Deng Xiaoping, in which he said: "We are going to send thousands or tens of thousands of students to receive overseas education."
As the second-largest economy in the world, China is not only playing an increasingly influential role in the global economy, but also leading changes that would have been unthinkable even a decade ago. It is establishing new norms and rules in global aid and has successfully challenged the traditional aid architecture prevalent for the past half century. And the newly established Asian Infrastructure Investment Bank has displaced the once-seemingly irreplaceable US and Japanese domination of development plans for Asia.
The Greek philosopher Heraclitus said, "No man ever steps in the same river twice". Nor do investors find themselves in the same stock market rally twice. Markets in Shanghai and Shenzhen are rising to a level that investors have not seen for almost a decade. At least in the past week, indexes have changed quickly, reaching new highs daily.
After I threw up everything I had eaten for dinner for the second time in a row, I wondered whether I could complete the rest of my voyage aboard the Beibu Gulf Star.
Beihai of Guangxi Zhuang autonomous region is largely visited by people for the pleasant climate and the reputed "silver beach", which boasts fine, smooth sand glittering with silver light.
Sinohydro Resources takes lead in $2.09b JV with Qataris; Karachi plant offers 'good return'
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Raymond Zhou
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