Turmoil has little impact on US-listed companies

Some Chinese companies listed on the US stock exchanges have not lost their appetite for going private despite the continuing turmoil in China's stock market.

IN BRIEF (Page 18)

Online shoppers pack heavy wallet

Chinese shoppers who make purchases online from US merchants are spending more than three times what US consumers are spending, according to new research from PayPal.

Aliyun gets more funding to expand cloud-based offering

Alibaba arm expects huge growth as businesses use big data, other technologies for industrial transformation

Ford: Car sales may shrink

US motor giant warns it could be facing its slowest Chinese performance in 17 yrs

Realty slowdown proves fillip for associated sectors

The slowdown in real estate sales will help the country's furniture sector and other building products producers raise their environmental standards, and weed out weak industry players, according to a leading industry body.

Volkswagen lowers sales forecast amid slowdown

Volkswagen AG has lowered its global sales forecast amid a slowdown in China and challenging markets in Russia and South America.

SOE reform to open door to foreign capital

Mixed ownership will provide an opportunity for overseas enterprises to enter key industries blocked to private investors China has been pressing ahead with plans to expand mixed ownership of State-owned enterprises to boost economic efficiency. This is expected to produce unprecedented opportunities for foreign companies.

Obama cancels stay at Waldorf

US president switches from Chinese-owned hotel for upcoming UN General Assembly

State bank shake-up to help increase private ownership

China's large State-owned banks aim to improve their corporate governance by diversifying ownership. The move, experts said, could have greater significance than the reforms and stock market listings of State-owned lenders at the beginning of the century.

Delta to take 3.55% stake in China Eastern

Delta Air Lines Inc said on Monday it is acquiring a 3.55 percent stake in China Eastern Airlines Co Ltd for $450 million, as part of the efforts by the two carriers to further consolidate their relationship.

Firm spends on Australian office blocks for stability

Sovereign fund China Investment Corp plans to buy Australia's biggest office block portfolio from Morgan Stanley for $1.82 billion, highlighting Beijing's appetite for stable assets offshore as the mainland economy sputters.