Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Report AIG to Decide on AIA Pre-IPO Sale by Next Week
Aug 25 2010 // American International Group is expected to decide by early next week whether to enter formal negotiations with strategic investors for its Asian life insurance business, AIA, sources familiar with the process told Reuters...
Liberty Mutual Receives Approval to Begin Zhejiang Branch Operations
Aug 24 2010 // Liberty Mutual Group, through its wholly-owned subsidiary Liberty Insurance Company Limited (LICL), has been granted approval to begin branch operations in Zhejiang by the China Insurance Regulatory Commission (CIRC)....
HSBC in Talks with Old Mutual for 70% Stake in South Africa’s Nedbank
Aug 23 2010 // HSBC is in talks to buy up to 70 percent of South Africa’s Nedbank, in a potential $6.8 billion deal that would give Europe’s biggest lender a broader gateway to the fast-growing African continent. HSBC and...
Taiwan’s Legislature Approves China Trade Pact
Aug 20 2010 // Taiwan’s legislature has approved a landmark China trade pact, bringing the economies of the once bitter foes to their closest point in more than 60 years. The legislative vote late Tuesday came seven weeks after the...
Extreme Weather Seen Unlikely to Help Climate Talks
Aug 17 2010 // Extreme weather in 2010 will spur more strident calls for action to combat global warming but is unlikely to break a deadlock at U.N. climate talks about sharing the burden between rich and poor. Islamabad, for instance,...
Report China Consortium Planning to Bid for 30% of AIA
Aug 16 2010 // A consortium of leading Chinese companies including Industrial and Commercial Bank of China Ltd, China Life Insurance Co Ltd, plans to bid for a 30 percent stake in American Insurance Group Ltd’s Asian life insurance...
China Loosens Restrictions on Insurance Investments
Aug 12 2010 // China modified rules to allow insurance companies to invest as much as three times the previous limit in overseas capital markets, part of a broader reform designed to give them more investment options. The move is seen...
Pakistan Floods, Russia Heat Fit Climate Trend, Scientists Say
Aug 10 2010 // Devastating floods in Pakistan and Russia’s heatwave match predictions of extremes caused by global warming even though it is impossible to blame mankind for single severe weather events, scientists say. This year is...
China’s Economy Set to Pass Japan’s as World’s Second Biggest
Aug 2 2010 // China is set to overtake Japan as the world’s second-largest economy in a resurgence that is changing everything from the global balance of military and financial power to how cars are designed. By some measures it...
Sun Life Sees China Premiums Doubling This Year
Aug 2 2010 // Sun Life Financial expects premium growth at its China insurance venture to more than double this year, a senior executive said, after receiving approval to turn the company into a Chinese-owned entity. Sun Life Everbright...
Best Assigns ‘A’ Ratings to China Re Group; Outlook Stable
Jul 27 2010 // A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” to China Reinsurance (Group) Corporation (China Re or the Group) and its subsidiaries,...
Typhoon Chanthu Hits South China – AIR Report
Jul 23 2010 // According to catastrophe risk modeling firm AIR Worldwide, Typhoon Chanthu slammed into southern China near Wuchuan City in Guangdong Province on Thursday, “further drenching a region already inundated by a month of...
Business Groups Press Emerging Economies over Doha
Jul 22 2010 // Brazil, China and India must use their growing economic might to help revive deadlocked global trade talks, a coalition of business lobby groups said in a letter to U.S. and European Union trade negotiators. The letter,...
Chinatrust Still Interested in Pursuing AIG Taiwan Unit Talks
Jul 22 2010 // Chinatrust Financial Holding Co, Taiwan’s top credit card issuer, is happy to talk to American International Group Inc (AIG) about its Taiwan life insurance unit if the U.S. firm is unable to seal an existing deal to...
Floods, Landslides Kill 37 in China
Jul 21 2010 // Rescuers in China were searching Tuesday for 30 people buried in landslides as flood waters from days of heavy rain surged past the Three Gorges Dam, the world’s largest. Soldiers used bulldozers to plow through...
Canada Trade Minister Urges Action on Big Doha Issues
Jul 19 2010 // WTO member states must find answers to bilateral squabbles if they want to achieve any global breakthrough in free trade talks, Canada’s trade minister said Friday. In an interview with Reuters, Peter Van Loan said...
Report WTO’s Lamy Says Doha Participants Are Preparing Final Deal
Jul 16 2010 // Participants in the Doha world trade talks are preparing for a final deal but there is no point setting an artificial deadline, the head of the World Trade Organization told a German daily. The Doha talks, launched in late...
China Braces for Typhoon Conson; Vietnam Evacuates Thousands
Jul 16 2010 // Southern China on Friday battened down to await the arrival of Typhoon Conson, gathering strength over the South China Sea, and Vietnam deployed nearly 3,000 troops to areas in the path of the storm. Swollen rivers and...
AIG Board to Consider AIA’s Future; IPO Seen Most Likely Option
Jul 13 2010 // The board of American International Group is set to meet this week to consider the future of its AIA unit, with a public float seen as the most likely outcome, sources said on Tuesday. An initial public offering of AIA,...
Louisiana Governor Signs Ban on Chinese Drywall Cancellations
Jul 12 2010 // Louisiana Gov. Bobby Jindal has agreed to ban insurance companies from dropping coverage of homeowners who have found corrosive Chinese drywall in their homes. Jindal’s office announced that the governor has signed...
