A fund under global private equity firm Carlyle Group L.P. has proposed to acquire Hong Kong-based communication spacecraft operator Asia Satellite Telecommunications Holdings Ltd., according to a regulatory filing. The deal consists of two steps. First, Carlyle Asia Partners IV will purchase the stake held by General Electric Company in a holding company named Bowenvale […]

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The author is Standard Chartered Global Research 2014 may have been a year of slower economic growth, but it was also a year of positive progress on reforms. The slowdown in GDP growth to 7.3% in the third quarter from 7.7% in the fourth quarter in 2013 was partly policy-driven, reflecting Beijing’s push to reduce […]

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Beijing-based television and film company Enlight Media Group says it has agreed to establish a joint venture company with New York Stock Exchange-listed Chinese security software firm Qihoo 360 Technology Co. Ltd. to focus on the online video content business, according to a regulatory filing. Shenzhen-listed Enlight Media will commit RMB48 million (US$7.7 million) to […]

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A couple of years ago, a Canadian minister proudly declared that Santa Claus was a citizen of Canada, because his home and toy factory are at the North Pole. But Denmark has now officially staked its own claim to the North Pole, and Russia will follow …