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NEW YORK/SYDNEY: For the first time, the Chinese have become the biggest foreign buyers of apartments in Manhattan, real estate brokers estimate, taking the mantle from the Russians, whose activity has dropped off since the unrest in Ukraine.
BANGKOK: Chinese tourist arrivals in Thailand are tumbling, dragging down overall visitor growth in the South-East Asian nation and dimming the outlook for an economy that relies on spending by holidaymakers.
WASHINGTON: The Trump administration is so alarmed that Chinese investors may try to purchase Westinghouse Electric Co’s nuclear business that US officials are trying to find an American or allied buyer for the company instead, two people familiar with the matter said.
SEOUL: Chinese flat screen makers, once dismissed as second-class players in the global LCD market, are drawing envious looks from big names such as LG Display Co Ltd and Samsung.
HONG KONG: Shares of Chinese hardware companies fell sharply on Friday, led by computer maker Lenovo Group Ltd which lost more than a fifth of its value. It was not immediately clear what was the cause, but the declines follow a Bloomberg Businessweek report that U.S. tech companies' systems had been infiltrated by malicious chips inserted by Chinese intelligence agents.
MILAN: The new Chinese owners of Italian football club AC Milan plan to invest in a stadium and could eventually list the team on a stock market to help revive its fortunes, AC Milan's chief executive-designate said on Friday.
KUALA LUMPUR: Malaysia should tap the investment capabilities of the global Chinese diaspora community that is found in 90 countries worldwide as a new source of foreign direct investments (FDIs), says Tan Sri Michael Yeoh, the chairman of the World Chinese Economic Summit as well as chief executive officer of the Asian Strategy & Leadership Institute.
NEW YORK: Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines.