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...Additional reporting by Thomas Hale...
...Riester said the company’s local R&D department — made up of Chinese staff — had gained an edge over the German headquarters in the field of electric vehicles, where China is now the world’s leading producer...
...Cindy Li, an analyst at Citi, suggested the move was motivated by “charitable, family asset reallocation, inheritance and risk-segregation purposes”, and noted that charitable donations are encouraged by...
...“It’s not recovered from last year,” said one shop assistant at Toys R Us, blaming a lack of tourists....
...This is why we also do this R&D,” he said. “Because if we first talk to Germany to develop things, it takes too long.”...
...That idea might be supported by the data showing that growth was strong in areas like R&D, legal, advertising and market research, but there were falls in architectural, engineering, scientific and other...
...PwC has resigned from the audits of developers Hopson Development, Shimao and Guangzhou R&F in recent months, stoking fears of an auditor exodus from the industry as groups face payments on their debts and...
...R&F is developing four London projects collectively worth about £2bn through its subsidiary R&F Properties....
...At one point, they had the largest collection of Klees, and the second-largest collection of Kandinskys after Solomon R Guggenheim....
...Additional reporting by Wang Xueqiao in Shanghai, Thomas Hale in Hong Kong and Hannah Kuchler in New York...
...Last week Guangzhou R&F, another developer, was placed in restrictive default by Fitch after extending maturities on its debts. Defaults are expected to continue this year....
...Aside from Evergrande, Guangzhou R&F has been one of the developers to come under the most scrutiny....
...R&F Properties, a subsidiary of Guangzhou R&F, and Hong Kong-listed developer CC Land that also owns the “Cheesegrater” tower, paid close to £500m in 2017 for a site in Nine Elms, south-west London, which...
...The bonds of Guangzhou R&F, another Chinese property developer, edged lower in Shanghai on Tuesday to about 60 per cent of their face value, following falls of more than 20 per cent a day earlier....
...This year it completed the $1.1bn purchase of a 70 per cent stake in a logistics park in south China developed by Guangzhou R&F, a real estate developer that this week came under severe pressure in bond...
...A sell-off in its bonds soon spread to other heavily leveraged developers, including Fantasia and Guangzhou R&F, whose bonds have fallen sharply in recent days....
...Moderna said the company had evolved from an R&D organisation in 2019 into one that had a commercial product in 2020....
...A frantic sell-off surrounding Evergrande’s debt and equity has shown signs of spreading to other developers, including Guangzhou R&F and Fantasia Group....
...Guangzhou R&F was downgraded by Moody’s on Friday over concerns it would have a tougher time issuing debt to settle old obligations, a process known as refinancing....
...Fears over refinancing have hit other developers with dollar debts, including Fantasia Group, which was downgraded last week, and Guangzhou R & F....
...Reporting by Thomas Hale in Hong Kong, Sun Yu in Beijing and Wang Xueqiao in Shanghai...
...gas have been rising rapidly in the past few months, prompting the Chinese government to prioritise energy security over decarbonisation concerns and reduction of fossil fuels like coal and gas,” said Cindy...
...Additional reporting by Thomas Hale in Hong Kong...
...Thomas Hale 2....
...Vertical farming was not going to replace banana groves or fields of wheat, said Mr Farquhar, who added that IGS was trialling fruit and root vegetables as well as seedlings for R&D....
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