Archive for December 1st, 2016

Former President George W. Bush urges focus on N Korea

01-Dec-2016 Intellasia | WFAA | 6:00 AM

Calling the country of North Korea a “prison run by a sadistic warden,” President George W. Bush urged the incoming Trump administration to avoid the current [...] » More

China puts brakes on overseas spending spree

01-Dec-2016 Intellasia | AFP | 6:00 AM

Beijing is tightening screening on Chinese companies’ overseas investments, according to the government and reports, after a record-setting shopping spree raised [...] » More

UFO or real aliens? Chinese astronaut says he heard mysterious knocks in space

01-Dec-2016 Intellasia | AFP | 6:00 AM

Strange sounds during space flight experienced by Chinese astronauts have come up as interesting sidebars to mushrooming rumours about alien life and UFOs. Yang Liwei, [...] » More

China to clamp down on outbound M&A in war on capital flight

01-Dec-2016 Intellasia | VOV | 6:00 AM

Rules to tighten deal approval process take shape as renminbi and forex reserves fall China is readying new restrictions on outbound foreign investment in an effort to curb [...] » More

Exclusive: Chinese government money backs buyout firm’s deal for US chip maker

01-Dec-2016 Intellasia | Reuters | 6:00 AM

Canyon Bridge Capital Partners, a buyout fund that agreed to acquire US-based chip maker Lattice Semiconductor Corp for $1.3 billion earlier this month, is funded partly by [...] » More

China unveils crackdown on companies investing overseas

01-Dec-2016 Intellasia | CNBC | 6:00 AM

The new policies are very likely to cast a big shadow over many ongoing ODI projects, including a few very high-profile investments that were announced very recently, said a [...] » More

China state banks step up support for yuan, sell dollars onshore for 2nd day – traders

01-Dec-2016 Intellasia | Reuters | 6:00 AM

Chinese state-owned banks were seen selling dollars in the onshore foreign exchange market for a second straight day on Tuesday, in what traders said appeared to be a bid to [...] » More

China forex regulator tightens controls to stem capital outflows-sources

01-Dec-2016 Intellasia | Reuters | 6:00 AM

China is stepping up measures to stem capital outflows after its yuan currency skidded to more than eight-year lows, sources said on Tuesday, taking aim at outbound [...] » More

China offers Burma support to end ethnic unrest near border

01-Dec-2016 Intellasia | Reuters | 6:00 AM

China told Myanmar on Wednesday that they should work together to stabilise their shared border, in the wake of a series of attacks by ethnic armed groups on Myanmar security [...] » More

Malaysia deports 74 telecom fraud suspects to China

01-Dec-2016 Intellasia | AP | 6:00 AM

Malaysia deported 74 telecom fraud suspects – including 21 from Taiwan – to China on Tuesday, in the latest instance of Southeast Asian countries deferring to [...] » More

China’s new cyber security law raises concerns, but foreign businesses will probably comply

01-Dec-2016 Intellasia | E27 | 6:00 AM

One of the measures would further enhance measures to crackdown on social media anonymity Starting June 2017, China will enact new cyber security legislation governing [...] » More

Laundry service Edaixi gets round B Plus, promises profit in 12 Months

01-Dec-2016 Intellasia | E27 | 6:00 AM

It will use the funds to expand its businesses along the laundry industrial chain and quality management Chinese on-demand laundry service Edaixi has announced the completion [...] » More

Beijing untypically quiet on Taiwan drills in South China Sea

Beijing untypically quiet on Taiwan drills in South China Sea

01-Dec-2016 Intellasia | Reuters | 6:00 AM

Taiwan held rescue drills on Tuesday off the coast of its sole outpost in the Spratly Islands of the South China Sea, but the biggest claimant in the disputed waters kept [...] » More

China commodities, stocks slide as weak yuan spurs fears of liquidity squeeze

01-Dec-2016 Intellasia | Reuters | 6:00 AM

China’s stock markets fell and commodities prices plunged on Wednesday as government efforts to steady the sliding yuan currency and curb capital outflows added to [...] » More

Chinese firms hit by huge increase in cyber attacks: survey

01-Dec-2016 Intellasia | Reuters | 6:00 AM

Cyber attacks on Chinese companies have soared in the past two years, according to a survey, with new technologies that connect household items to the internet and allow them [...] » More