Boom, boom: China just keeps on giving
EconomyChinaAmber PlumThe family members of China’s political elite are stashing huge amounts of cash in offshore accounts, according to a two-year financial reporting project by the International...
View ArticleAust dollar closes weaker on China data
The Australian dollar is weaker due to a surprise contraction in Chinese manufacturing activity.At 1700 AEDT on Thursday, the Australian dollar was trading at 88.03 US cents down from 88.59 cents on...
View ArticleLenovo to buy IBM division
Chinese computer giant Lenovo will buy IBM's low-end server business for $US2.3 billion ($A2.6 billion), giving it a platform to compete in that sector with United States giants Dell and...
View ArticleHanlong Mining chair quits: report
The chairman of Chinese investment group Hanlong Mining, Peter Mansell, has quit, The Australian reports.According to the newspaper, Mr Mansell resigned from his post as chair of the Australian arm of...
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Australia's spartan skill code
Business SpectatorEconomyPeter CaiThe ancient Greek city-states of Athens and Sparta, the birthplaces of Western civilisation, stagnated when they became inward-looking and shunned foreigners.“The...
View ArticleBishop puts US ties first: report
Foreign Minister Julie Bishop has said Australia's ties with the United States represent the nation's most important strategic economic relationship, The Australian Financial Review reports.According...
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ANZ’s Chinese grand slam
Adapt or Die Knowledge HubFinancial ServicesPeter CaiHats off to the ANZ Bank and Jacobs Creek marketing executives who have managed to change their advertising signage to Chinese just in time for Li...
View ArticleChina seeks new Antarctic station
Chinese researchers have sought environmental approval for a new climate change research station in Antarctica.Under the Antarctic treaty regulations, Australian officials are responsible for...
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China's Bear Stearns moment
EconomyChinaPeter CaiLocal residents wait outside a branch of the Industrial and Commercial Bank of China (ICBC), in Beijing.On Sunday March 16 in 2008, then US Treasury Secretary Hank Paulson and the...
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How Nokia succeeded in China
EconomyChinaHoward Yu and Troels BeltoftA Chinese showgirl displays a Nokia N95 mobile phone at a launch ceremony for the new cellphone in Shanghai, China, April 2007.IMDWinning in China is a top...
View ArticleTaiwan politician set for historic China visit
Taiwan's minister in charge of China affairs says he plans to visit the mainland next month in a landmark trip that marks the first official contact between the two former bitter rivals in six...
View ArticleBank of China to get new president
Bank of China president Li Lihui has stepped down from his role to be replaced by vice president Chen Siqing reports China’s Beijing’s News.According to the newspaper, Mr Li will go on to work for the...
View ArticleChina slowdown can be 'positive' for Aust: economist
While Chinese demand for Australian commodities is slowing, non-mining sectors like manufacturing stand to cash in on China's growing wealth, says Bob Baur, chief global economist at Principal Global...
View ArticleChina threatens US military superiority
China poses an increasing challenge to the US military's technological edge while budget pressures are hampering Washington's effort to stay ahead, a senior defence official has warned.Frank Kendall,...
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Chinese lessons from Abbott's conservative cousins
EconomyChinaPeter CaiPrime Minister Tony Abbott laughs with his conservative counterparts from New Zealand and Britain, John Key and David Cameron at the official memorial ceremony for late South...
View ArticleLenovo buys Google's Motorola business
Lenovo has officially sealed a $US2.91 billion deal with Google to take the Motorola Mobility business off the internet giant’s hands.An initial US$1.41 billion payment will comprise of $US660 million...
View ArticleChinese outdrink French in red wine: study
China has become the world's biggest consumer of red wine, outdrinking the wine-loving French for the first time in 2013, according to a study published this week.China, including Hong Kong, drank more...
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Light at the end of China’s reform tunnel
EconomyChinaLaurie PearceyA Chinese worker installs signs of the China (Shanghai) Pilot Free Trade Zone on a gate of the Shanghai Waigaoqiao Free Trade Zone, part of the pilot zone, in Pudong,...
View ArticleValence plugs its shortfall with a placement
Australian graphite-play Valence Industries has filled a multi-million dollar shortfall in its rights issue three weeks after the junior hit the ASX boards in the first IPO of the year. Its placement...
View ArticleChina manufacturing contracts: HSBC
Chinese manufacturing contracted for the first time in six months in January, HSBC has confirmed, raising questions over growth prospects for the world's second-largest economy this year.The British...
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