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Mounting debts could derail China plans to cut steel, coal glut

BY Shangjing Li, Reuters |

China's campaign to slim down its bloated industries could be derailed by more than $1.5 trillion of debt in its steel, coal, cement and non-ferrous metal sectors, which threatens to overwhelm local banks.
China's Greenland says to list REIT in Singapore

BY Reuters |

Chinese property developer Greenland Group said on Friday that its unit plans to set up and list a real estate investment trust (REIT) backed by hotel assets in China on the main board of the Singapore Exchange.
Alibaba's logistics arm raises funds from Singapore investors, others

BY Reuters |

Investors in the funding round of Cainiao include Singapore's Temasek Holdings and GIC Pte Ltd, Malaysia's Khazanah Nasional Bhd, and China's Primavera Capital, Alibaba said in a statement.
China's Premier Li says confident in economy, vows no hard landing

BY Reuters |

China's Premier Li Keqiang defended the government's economic policies on Wednesday, vowing there would be no mass layoffs and no hard landing for the world's second-largest economy even as the government presses ahead with painful reforms.
China's ZTE said to appeal U.S. export ban after lobby efforts fail

BY Reuters |

China's ZTE Corp will appeal tough U.S. export restrictions imposed last week, according to a person familiar with the matter, after the telecom equipment maker's costly lobbying effort failed to allay concerns about its business.
China's Anbang wins U.S. security panel OK to buy Fidelity & Guaranty

BY Reuters |

China's Anbang Insurance Group, which is looking to buy U.S. hotel operator Starwood , has won approval from a U.S. national security panel to buy U.S. annuities and life insurer Fidelity & Guaranty Life, Fidelity said.
Foxconn, Sharp 'on the right track' in deal talks

BY Reuters |

Talks for Taiwan's Foxconn to acquire a majority stake in Japan's Sharp Corp are "on the right track", people familiar with the matter said on Monday, after a last-minute hitch over contingent liabilities caused delays last month.
China says economy will 'absolutely not' experience hard landing

BY Reuters |

China's economy isn't headed for a hard landing and isn't dragging on the global economy, China's top economic planner said, but uncertainty and instability in the global economy do pose a risk to the country's growth.
U.S. Commerce Department to place restrictions on China's ZTE

BY Reuters |

The U.S. Commerce Department is set to place export restrictions on Chinese telecoms equipment maker ZTE Corp for alleged violations of U.S. export controls on Iran, according to documents seen by Reuters.
Red faces, raised voices over late hitch in Foxconn's Sharp deal

BY Reuters |

A late hitch to Foxconn's takeover of Japan's struggling Sharp Corp brought simmering distrust between the two close to boiling point, people with direct knowledge of the matter said.