U.S. packaged food company ConAgra Foods, Inc. has acquired Inner Mongolia-based Chinese potato processor TaiMei Potato Industry Limited for US$93 million, according to a company announcement. This is part of ConAgra Foods' ongoing business strategy to grow the company’s international presence, particularly in a market where there is growing demand for frozen potato products. "Our […]

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Given quite a few investors see equity markets as ‘priced for perfection’, a disappointing Chinese GDP print could cause some severe global ructions

Norway-based Elliptic Labs will open a new office in Shanghai to support large OEMs in Mainland China, Korea, Taiwan and Japan with the company's touchless gesture services for consumer electronic devices. The company did not provide a date for the opening of the new Shanghai location. But the company says it will focus on the […]

Competition for scarce resources is sorely testing global governance and cooperation. But even in the absence of overarching global legal frameworks, it is possible to maintain a sense of common security if the terms of resource investments are founded…

The World Cup has concluded with its usual flourish, and much of the world, as usual, couldn’t help but get caught up in the excitement of it all – which is exactly the outcome that FIFA President Sepp Blatter wants. But FIFA's problems are unlikely to go away until Blatter does.

Much of the history of the two centuries since the opera "Fidelio" was first performed have centered on the quest for freedom that Beethoven honored. On the whole, liberty has triumphed, though the struggle is not yet over, as recent protests in Hong K…

China has broken silence over the detention of a couple for work carried out in connection with GlaxoSmithKline, saying their trial would start ‘soon’

The Chinese economy will slow down again starting in the fourth quarter of 2014 and into 2015, when growth could be as low as 6.8% next year, UBS AG forecasts in a newly released report. The banks sees a 15% risk of the economy slowing to around 5% in 2015. The first half of 2014 […]

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Greater China-focused hedge funds produced their second consecutive month of positive returns, up 1.56% in June. Though they remain in the red with a negative return of 1.38% for the first half of the year, according to data newly released by hedge fund research firm Eurekahedge. For the first six month of the year, Greater […]

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China's loose credit and liquidity conditions have kept the explosion of shadow banking defaults at bay, but the delay will not last very long, according a new report written by Wang Tao, head of China economics research at UBS AG. Earlier in the year, the market was very concerned about China's shadow banking issues and […]

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China Post plans to invest CNY100 million to build an electronic payment platform for mobile phone and Internet payment services. The People's Bank of China has already accepted a related application from China Post's Chongqing operation and management department, so this is the first step in the organization's nationwide service roll-out. The application reportedly shows […]

China's Suning Commerce Group announced the launch of its crowdsourcing platform, which aims to build a one-stop service platform from innovation to sales for consumers. Suning said that the sales goal of this platform is CNY25 billion in 2015 and it is expected to reach CNY45 billion by 2017. Wang Zhe, executive vice president for […]