China 

China’s sinister plan to buy Eastern Europe is exaggerated

The railway which winds its way from Piraeus and Athens northwards to Thessaloniki and on towards Macedonia has a certain antiquated charm. Passing Thermopylae off to the north and Mount Parnassus away to the south, passengers can reflect that they are trundling slowly through the very heart of Western civilisation’s cultural cradle.There is more recent history too. Rattling across the spectacular Gorgopotamos viaduct, passengers can clearly see where in 1942 the vital supply route was blown up… Source link

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Home 

Citic Group, Wuxi company and Henry Tang’s family in talks to buy Hong Kong Airlines, putting an end to boardroom tussle

A consortium of mainland Chinese and Hong Kong investors is bidding to buy Hong Kong Airlines, offering an end to the messy boardroom tussle at the city’s third-largest carrier and a financial lifeline to the debt workout by one of China’s biggest asset buyers.The investors comprise the family of Hong Kong’s former Chief Secretary Henry Tang Ying-yen, include a unit of Citic Group, and Wuxi Communications Industry Group, the Chinese owner of the Dornier Seawings amphibious aircraft maker,… Source link

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Global 

Donald Trump accuses China of ‘letting us down’ by not keeping G20 promise to buy US farm goods

US President Donald Trump is accusing China of “letting us down” by not promptly buying more US farm products.“They have not been buying the agricultural products from our great Farmers that they said they would,” the president said on Twitter. “Hopefully, they will start soon.”After meeting with Chinese President Xi Jinping late last month, Trump said China had agreed to buy more US agricultural products as part of a ceasefire in the two countries’ trade war.The truce suspended US plans to… Source link

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Wumart and Yonghui are in the final round of bidding to buy control of Metro’s business in China, sources say

Chinese supermarket operator Wumart Stores and an investor group backed by rival Yonghui Superstores are among suitors that proceeded to the final round of bidding for German food wholesaler Metro’s China business, people with knowledge of the matter said.Yonghui has teamed up with Hillhouse Capital, according to the people, who asked not to be identified because the information is private. Tencent Holdings is in talks to join their consortium, the people said. A group consisting of Meicai, a… Source link

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Richard Li’s FWD is in talks to buy MetLife’s Hong Kong insurance unit to expand through acquisition

FWD Group is in advanced talks to buy MetLife’s Hong Kong insurance unit in what would be the latest in a string of acquisitions by the insurer backed by billionaire Richard Li, people familiar with the matter said.The companies could reach an agreement in the next few weeks, the people said, asking not to be identified because the discussions are private. A deal could value MetLife Hong Kong at less than US$400 million and would help FWD boost its presence in the former British colony, the… Source link

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Chinese consumers buy more domestic brands in midyear shopping festival amid trade war

Consumers in China, the world’s largest e-commerce market, have shifted to buying more goods from domestic brands in the country’s annual midyear online shopping festival amid the escalating trade war with the US.Chinese home appliance brands Supor from Hangzhou, Shenzhen-listed Midea Group and Joyoung from Jinan, in Shandong province, saw their combined sales increase fourfold during this week’s 618 shopping festival, compared with a year ago, according to popular group-buying platform… Source link

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Singapore 

5 makeup brands to buy in Taiwan: Mkup, My Beauty Diary & more, Lifestyle, Singapore News

I don’t know about you, but I have a lot of confidence in Taiwanese beauty and makeup products. You would too if you’ve ever seen those trending videos of Taiwanese girls and their 180-degree transformations… they take dolling up very seriously. There’s also a hit TV programme called Queen (better known by its Chinese name, 女人我最大), which features some of their local cult products. If you’re headed there soon, here are some of the more popular beauty items to buy in Taiwan. What to buy in Taiwan – face masks,…

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US consumers set to bear burden of Trump’s tariffs as American retailers such as Wal-Mart, Target and Best Buy weigh price hikes

American retailers are increasingly warning consumers to brace for higher prices as the United States prepares to put tariffs on nearly all goods made in China, in the latest escalation in the trade war between the world’s two largest economies.Over the past three weeks, some of the biggest sellers of everything from apparel to electronics in the US have expressed concern over how higher duties will affect their bottom lines and said they are preparing to pass along the increased cost to their… Source link

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Vietnam 

TPBank to buy back 24 million treasury shares – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  TPBank’s trading office in HCM City’s Thủ Đức District. The bank plans to buy back 24 million treasury shares in 2019-20. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Tiên Phong Joint Stock Commercial Bank (TPBank) has announced it will buy back 24 million treasury shares. Transactions are expected to start on June 10 after the bank gets approval from the State Securities Commission. TPBank is holding nearly 5.55 million treasury shares. The bank has charter capital of VNĐ8.56 trillion (US$368.3 million). In 2019 and 2020, TPBank plans to raise its charter…

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Singapore 

Don Don Donki Singapore shopping guide: The best & cheapest things to buy, Singapore News

Move aside, Daiso. The stampede of Singapore customers has moved from the famous $2 discount store to a new Japanese cheap retailer in town: Don Quijote, better known as Don Don Donki. Ever since the Japanese retailer opened its first discount store at Orchard Central late last year, Singaporeans have been buying up the entire shop. And now, Don Don Donki has 4 outlets in Singapore… Rejoice! If you’re not a regular customer, though, going to Don Don Donki can be a dizzying affair, no thanks to the illogical layout,…

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