Nissan to boost China production capacity by 40 pct, source says

By Norihiko Shirouzu BEIJING, Aug 20 : Japan’s Nissan Motor Co plans to invest about $900 million to boost vehicle-making capacity in China by 40 percent by 2021 – part of a 60 billion yuan ($8.73 billion) strategy to become a top three player in the world’s largest auto market. Nissan and its Chinese joint-venture […]

Gold rises as trade talks lift China’s yuan

By Peter Hobson LONDON, Aug 20 : Gold prices rose on Monday after touching a 19-month low last week as a strengthening currency in China made the metal cheaper for buyers in the world’s biggest gold consumer. Gold has tumbled 13 percent from an April high as the dollar powered higher against the yuan and […]

China shifts to Iranian tankers to keep oil flowing amid U.S. sanctions – sources

By Chen Aizhu and Florence Tan BEIJING/SINGAPORE, Aug 20 : Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States. The shift demonstrates that China, […]

China’s Sany Group plans $2 bln spin-off, taps PE firms -sources

By Julie Zhu and Kane Wu HONG KONG, Aug 20 : China’s leading heavy machinery maker Sany Group plans to spin off four business units and is looking to rope in private equity (PE) firms as investors for the deal that could fetch a total of $2 billion, sources told Reuters. Sany’s advisers have reached […]

Mahathir says China will sympathise with Malaysia’s problems

By Philip Wen BEIJING, Aug 20 : Malaysian Prime Minister Mahathir Mohamad said on Monday he believed China would sympathise with his country’s “internal fiscal problems” as he seeks to renegotiate, or possibly cancel, more than $20 billion in Chinese-funded projects. Mahathir said after meeting Chinese Premier Li Keqiang in Beijing he did not believe […]

Paulinho doubles up to celebrate his Chinese century

By Michael Church Undated, Aug 19 : Paulinho celebrated his 100th game in the Chinese Super League (CSL) on Sunday with a brace of goals as Guangzhou Evergrande hauled themselves to within three points of the summit with a 5-0 win over Tianjin Quanjian. The Brazilian midfielder, who rejoined the seven-times Chinese champions in July […]