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...Around the same time, the global financial crisis and a glut of shipbuilding capacity in China rocked the shipping industry....
...Soon after, he cleaned up the $2bn default of the Guangdong International Trust and Investment Co, or Gitic, sealing his reputation as a reliable political firefighter and starting his climb to the top of...
...Begun in 1989 as a private airline on the tropical island of Hainan, HNA’s buying spree shows no sign of slowing....
...Those affected include Caterpillar, the world’s largest maker of construction machinery....
...The outward embrace of China Inc raises a series of challenges for target companies and countries, he adds....
...Domestically, the construction and real estate businesses — driven by foreign and domestic investors — are booming, and efficient telecommunications empower the ambitious Vietnamese middle classes to fixate...
...What do a chicken farmer, a brewer and an international shipping line have in common?...
...(Bloomberg) Today: UK: Markit construction PMI. EU producer price index. US: Markit manufacturing PMI, ISM manufacturing index, construction spending for July....
...Chinese mills found themselves with growing inventories as crucial construction demand for steel faltered earlier in the year....
...advisory services, woodland burials and construction equipment hire....
...China Construction Bank rose 2.3 per cent to Rmb5.71 after reporting fourth-quarter earnings that showed profit nearly tripling....
...Shipping rates for commodities also moved up on the widespread rally in commodities. The world’s largest merchant shipping fleet, Japan’s Mitsui OSK , led with a 5 per cent gain to Y584....
...Air China, China Eastern Airlines, Cosco, China Railway Engineering Corp, China Railway Construction Corp and Citic Pacific were among the companies that lost the most from buying complex derivatives....
...International banks are expected to cut the size of their loan portfolios in Australia in response to tough credit conditions....
...A grim warning from the International Monetary Fund sent shudders through Asian equity markets on Wednesday....
...Pacific Basin Shipping, which operates iron ore and coal vessels, sank by 6.9 per cent to HK$13.54. In India, the Sensex was 1 per cent lower by mid afternoon in Mumbai at 16,918.43....
...Fosun International, a conglomerate that raised $1.7bn in July, and Sinotrans Shipping, which sold shares worth $1.5bn in November, have both seen their offer prices fall by more than 52 per cent....
...IPOs in the property and aircraft leasing sectors were pulled in Singapore last month, while insurer American International Group on Monday cancelled the listing of property assets in Japan....
...Elsewhere in the construction sector, Barratt Developments moved up 2 per cent to 886p after Deutsche Bank put the stock on its “buy” list....
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