The refusal to pay ransoms to terrorists can seem callous, but in truth it is the only ethical policy. Governments that pay ransoms to groups like the Islamic State are saving the lives of some of their citizens, but putting the remainder of their citizens – and others – at greater risk.
2014-12-09
In 1947, George F. Kennan argued that the Soviet Union’s hostility toward the US was rooted in deep-seated nationalism and insecurity. The same could be said of the current conflict between Russia and the West: It is a collision between the West’s supposedly universal values and Russia’s quest for a distinct identity.
2014-12-09
Shenzhen-based Chinese sensor controlled vehicle developer Inmotion Technologies Inc. says it has raised US$17 million in series B financing from Tiantu Capital, according to a company announcement. Founded in 2012, Inmotion received US$3 million angel investment from undisclosed investors, and completed US$4 million series A financing from undisclosed investors before launching its first product in […]
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2014-12-09
Beijing-based CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Limited, says it has launched a tender offer to acquire a controlling stake in Schott Moritex Corporation, a specialty glasses and materials firm in Japan, according to a company announcement. Transaction terms were not disclosed, but media reports say that CITIC Capital is […]
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2014-12-09
The best explanation for the reversal in shares is not fundamental, but technical
2014-12-09
Beijing-based Chinese online video company Leshi Internet Information & Technology (Beijing) Co. plans to build electric cars in China to fight against the country's worsening air pollution, according to the Weibo account of the company's chairman Jia Yueting. The move will see the Shenzhen-listed online video firm compete directly with Chinese car makers including BYD […]
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2014-12-09
Move by three of top four lenders could blunt impact of PBoC’s benchmark cut
2014-12-09
High court orders activists to leave main site as police prepare for push
2014-12-09
Northern Europe private equity firm EQT Partners has sold its 65% stake in Southwest China retail bakery chain Chongqing New Qinyuan Bakery Co., Ltd. to a subsidiary of Hong Kong-listed conglomerate Swire Pacific Limited, according to a company announcement. The deal was completed last Friday, and its terms were not disclosed. EQT invested an undisclosed […]
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2014-12-09
China's Politburo held a meeting last Friday, chaired by President Xi Jinping, and seems to have set a pro-growth tone for 2015, writes Goldman Sachs/Gaohua senior China macro economist Song Yu in a research report. It is routine for the top leadership to host the Politburo meeting ahead of the annual Central Economic Work Conference […]
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2014-12-09
Croatian high-performance electric vehicle developer Rimac Automobili says it has completed €10 million (US$12.3 million) series A financing from three investors including Hong Kong-listed Chinese electric vehicle and battery maker China Dynamics (Holdings) Limited, according to a company announcement. The other two investors are the CEO and chairman of oil and gas company Petrotesting Colombia, […]
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2014-12-09
Beijing-based online gaming developer Linekong Interactive Co., Ltd., backed by a long list of venture capital and private equity investors, plans to raise as much as HK$1.45 billion (US$190 million) in a Hong Kong IPO, according to a securities filing. Linekong is to issue 110.9 million shares at a price range of HK$9.8 to HK$13.10 […]
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2014-12-09
U.S.-based Best Buy reportedly reached a final agreement with Jiayuan Group, a Chinese mainland real estate company, to sell its Chinese subsidiary Five Star Appliances to the latter. Best Buy said the sale of Five Star Appliances will not affect the operation of its other brands in China. In 2006, Best Buy entered the Chinese […]
2014-12-09
About 12,000 buses in Beijing have completed their Wi-Fi network card upgrades and opened services to all travelers in the nation's capital. Wireless network bandwidth on the buses can reach 50M per second and the Wi-Fi network on a single bus can be used by at least 40 people at the same time. By accessing […]
2014-12-09
Investors appear to believe a fresh easing cycle is under way, with margin loans up 70% since September