Sportswear firm benefits from measures to cut expenditure
Asian stocks rose, with the benchmark index climbing from a seven-month low, as China's currency stemmed its plunge after the central bank signaled support.
Shunfeng International Clean Energy Ltd, the Hong Kong-based solar company controlled by billionaire Zheng Jianming, agreed to acquire a majority share of United States-based solar manufacturer Suniva for $57.8 million.
Chinese companies will find it harder to repay their existing foreign debt due to the tight conditions in the overseas bond markets and a strengthening of the US dollar, experts said on Thursday.
Currency changes to have a limited impact on flow of investments from major economies
NDRC official hardsells China's high-speed rail capabilities and sweetens bid for Indonesian line
For companies from LVMH Moet Hennessy Louis Vuitton SE to BMW AG to Yum! Brands Inc, China is delivering a one-two punch.
Enterprises may be able to leverage on price differential for better long-term gains
The country's steelmakers reduced output last month, adding to signs of waning demand in the world's largest producer as companies grappled with overcapacity, sinking prices and slowing economic growth.
Hog farmers in the United States, the world's biggest exporter, are losing out on a big payday because of a feed ingredient that many have been giving pigs for the past 15 years.
The latest devaluation of the Chinese currency in the past two days has prompted widespread concern about the possible benefits and losses.
A mobile app called "Blue Map" is proving a popular tool in offering the general public weather information as well as advice on PM2.5 air quality readings in 380 cities nationally. It even suggests if people should be wearing a face mask that day.
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