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China market tsar in spotlight amid stock market turmoil

January 9, 2016 by · Leave a Comment 

By Matthew Miller and Shu Zhang BEIJING (Reuters) – Xiao Gang, China's stock market tsar, once remarked that the only thing he'd done right in life was marry his wife. No doubt the self-effacing Xiao, chairman of China Securities Regulatory Commission (CSRC), has

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China market tsar in spotlight amid stock market turmoil

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Japan’s Asahi to submit bid next week for SABMiller’s Grolsch and Peroni: Yomiuri

January 9, 2016 by · Leave a Comment 

Japanese beverage maker Asahi Group Holdings Ltd will submit a bid as early as next week to buy SABMiller PLC's Grolsch and Peroni beer brands for as much as 400 billion yen ($3.41 billion), the daily Yomiuri reported. If accepted, it would

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Japan’s Asahi to submit bid next week for SABMiller’s Grolsch and Peroni: Yomiuri

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Exclusive: Verizon launches auction to sell data centers – sources

January 6, 2016 by · Leave a Comment 

A sale would represent the latest effort by Verizon, the No. 1 U.S. wireless carrier, to streamline its portfolio following a divestment last year of a chunk of its landline business and a portfolio of wireless towers. It would also mark a reversal of its strategy to expand in hosting and colocation services after it acquired data center operator Terremark Worldwide Inc in 2011 for $1.4 billion. The so-called 'colocation' portfolio up for sale includes 48 data centers, and generates…

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Exclusive: Verizon launches auction to sell data centers – sources

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GM China auto sales rise 5.2 percent in 2015

January 6, 2016 by · Leave a Comment 

General Motors Co's vehicle sales in China rose 5.2 percent to 3.61 million in 2015, the U.S. carmaker said on Wednesday. GM and its Chinese joint venture partners sold 445,227 vehicles last month, a 14 percent rise from a year earlier, matching its growth rate for November. The automaker plans to launch 13 new or revamped models in China in 2016, including the Cadillac CT6, Malibu XL and Cruze XL, compared with 12 launches last year, according to a written statement posted on its website.

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GM China auto sales rise 5.2 percent in 2015

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Asia stocks buffeted by China worries, North Korea nuclear test

January 6, 2016 by · Leave a Comment 

Asian shares fell on Wednesday and most emerging currencies retreated as China allowed the yuan to weaken further, stoking fears about its slowing economy, while a North Korean nuclear test heightened geopolitical tensions. Souring sentiment toward riskier assets in turn lifted safe-havens such as the Japanese yen

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Asia stocks buffeted by China worries, North Korea nuclear test

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