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Chinese Consortium Buys World's No. 2 Condom Maker For $600 Million
Australia's Ansell, which put its oldest but smallest division up for sale last August, said it had reached an all-cash deal with China's Humanwell Healthcare Group Co Ltd and CITIC Capital China Partners.
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McDonald's Sells China Operations for $2.08 Billion
US fast-food giant McDonalds will sell a controlling stake in its China and Hong Kong business for up to $2.08 billion to a consortium including state-owned Citic and the Carlyle Group, it was announced Monday.
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McDonald's Sells Most Of China, HK Businesses For $2.1 Billion
Hong Kong-listed CITIC Ltd will own about 32 per cent of the business, with CITIC Capital, an affiliate company that manages private equity funds and other alternative assets, holding another 20 per cent.
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China's Citic Bank Defrauded of Up To $148 Million
Mid-sized Chinese lender Citic Bank has been defrauded of up to $148 million, the company and media reports said, the second such incident in the industry to come to light in a week.
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China's Securities Body Finds $166 Billion Error in CITIC Security Accounts
The news comes after probes into China's largest brokerage led four of its senior executives to confess to insider trading.
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China Search Giant Baidu Plans to Open Online Bank
The Baixin Bank, a venture between Baidu and China Citic Bank, will be the country's first lender formed by an Internet company and a traditional bank.
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China Stocks Rally, CITIC Bounces Despite Probe
China shares jumped almost 5 per cent on Wednesday on suspected government intervention, with a flurry of buying just before the market close helping to undo much of the losses posted on Chinese stock exchanges earlier this week.
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China Markets Lose $4 Trillion Since June
Chinese brokers had been looking to use some of the cash they raised this year to expand their global reach and offer a full range of products and services abroad, complementing China's internationalisation of its currency.
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Reliance Communications Surges; Citic Telecom Eyes Undersea Cable Joint Venture
Reliance Communications surged after reports that the Indian company was in talks with China's Citic Telecom over an undersea cable joint venture.
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China's Citic Telecom in Talks to Buy RCom's Undersea Cable Business: Report
Chinese firm Citic Telecom is in discussions with Reliance Communications to buy a significant stake in its submarine cable business - Global Cloud Xchange, according to sources.
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China bourse investigates brokerages for foreigner investor trades: report
The large-cap stocks, including China Construction Bank, CITIC Bank and Great Wall Motor, suffered big falls in the closing two minutes of trade on December 20 after orders from the investors were executed. The share prices quickly recovered the next trading day.
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Euro woes tilt financial power in Asia's favour
As European banks retrench to recover from the global financial meltdown, they are finding ready buyers in Asia for everything from loans to entire insurance and broking operations.
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Asia struggles to ward off impact of European crisis
HSBC's chief India economist Leif Eskesen said India's weakening economy was like a "gasping elephant".
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Chinese Consortium Buys World's No. 2 Condom Maker For $600 Million
Australia's Ansell, which put its oldest but smallest division up for sale last August, said it had reached an all-cash deal with China's Humanwell Healthcare Group Co Ltd and CITIC Capital China Partners.
-
McDonald's Sells China Operations for $2.08 Billion
US fast-food giant McDonalds will sell a controlling stake in its China and Hong Kong business for up to $2.08 billion to a consortium including state-owned Citic and the Carlyle Group, it was announced Monday.
-
McDonald's Sells Most Of China, HK Businesses For $2.1 Billion
Hong Kong-listed CITIC Ltd will own about 32 per cent of the business, with CITIC Capital, an affiliate company that manages private equity funds and other alternative assets, holding another 20 per cent.
-
China's Citic Bank Defrauded of Up To $148 Million
Mid-sized Chinese lender Citic Bank has been defrauded of up to $148 million, the company and media reports said, the second such incident in the industry to come to light in a week.
-
China's Securities Body Finds $166 Billion Error in CITIC Security Accounts
The news comes after probes into China's largest brokerage led four of its senior executives to confess to insider trading.
-
China Search Giant Baidu Plans to Open Online Bank
The Baixin Bank, a venture between Baidu and China Citic Bank, will be the country's first lender formed by an Internet company and a traditional bank.
-
China Stocks Rally, CITIC Bounces Despite Probe
China shares jumped almost 5 per cent on Wednesday on suspected government intervention, with a flurry of buying just before the market close helping to undo much of the losses posted on Chinese stock exchanges earlier this week.
-
China Markets Lose $4 Trillion Since June
Chinese brokers had been looking to use some of the cash they raised this year to expand their global reach and offer a full range of products and services abroad, complementing China's internationalisation of its currency.
-
Reliance Communications Surges; Citic Telecom Eyes Undersea Cable Joint Venture
Reliance Communications surged after reports that the Indian company was in talks with China's Citic Telecom over an undersea cable joint venture.
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China's Citic Telecom in Talks to Buy RCom's Undersea Cable Business: Report
Chinese firm Citic Telecom is in discussions with Reliance Communications to buy a significant stake in its submarine cable business - Global Cloud Xchange, according to sources.
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China bourse investigates brokerages for foreigner investor trades: report
The large-cap stocks, including China Construction Bank, CITIC Bank and Great Wall Motor, suffered big falls in the closing two minutes of trade on December 20 after orders from the investors were executed. The share prices quickly recovered the next trading day.
-
Euro woes tilt financial power in Asia's favour
As European banks retrench to recover from the global financial meltdown, they are finding ready buyers in Asia for everything from loans to entire insurance and broking operations.
-
Asia struggles to ward off impact of European crisis
HSBC's chief India economist Leif Eskesen said India's weakening economy was like a "gasping elephant".
