Alibaba Signs Deal To Develop Rugby In China
E-commerce giant Alibaba Group Holding Ltd is planning to develop rugby on the Chinese mainland and exclusively broadcast rugby content through the online platform of its new sport division－Alisports.
Emerging Markets
Growth To Hit 6.7% Due To Woes In Manufacturing, Export
China’s (FXI, quote) economic growth is predicted to further decelerate this year to 6.7 percent, the slowest since 1991, trapped by manufacturing overcapacity and sluggish export, said a think tank report on Tuesday.
China Stocks End Two-Day Slide To Stage Major Recovery
Stocks surged on Wednesday, with the benchmark Shanghai index jumping 4.9 percent after sliding below the 3,000 level.
Alcoa CEO Weighs In On Second-Quarter Results And Concerns Regarding China Slowing Down
Alcoa Inc. (AA, quote) reported second-quarter numbers on Wednesday which came below analysts’ expectations. Revenue for the quarter rose 1 percent year-over-year to $5.9 billion, while earnings increased to $140 million from $138 million it reported for the same quarter last year.
China’s PMI – Lowest is 5 Months
HSBC China (FXI, quote) manufacturing purchasing managers’ index (PMI) post no surprises from its earlier flash report of 50.4 for the month of October, a slight improvement over September’s 50.2 results.
Baidu sets up research lab in Silicon Valley
China’s (FXI, quote) largest search engine provider Baidu Inc has set up an artificial intelligence laboratory in Silicon Valley in the United States to boost its research work to catch up with Internet giants like Google and Apple.
China Moves Forward With Free Trade
China moves forward on its Free Trade initiatives by setting up “pilot zones” in several regions. The announcement came overnight from the office of Long Guoqiang at the General Office of the Development Research Center or DRC.
GSK probe reveals bribes and lies
The bribery investigation of GlaxoSmithKline (GSK, quote) China (FXI, quote) has been completed and the case handed over to prosecutors, Changsha police said on Wednesday.
China’s April fiscal revenue rises 9.2 pct
China’s fiscal revenue climbed 9.2 percent year on year in April to reach 1.25 trillion yuan (202.92 billion U.S. dollars), the Ministry of Finance said on Monday.
Trade Alert – New Position – MPEL
Option Alert Service Signal New Trade Suggestion