Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Ratings Roundup: China Taiping (UK), Quálitas
Feb 28 2014 // A.M. Best has assigned a financial strength rating of ‘B++’ (Good) and an issuer credit rating of “bbb” to China Taiping Insurance (UK) Company Limited (CTIUK), both with stable outlooks Best said...
Urbanization, Mobility, Gridlock and Predictions of ‘Peak Car’
Feb 24 2014 // The world that Henry Ford put on wheels is poised for a stall. In the globe’s growing megacities, pollution and gridlock are putting a damper on driving. In India, some commuters are leaving their cars at home to...
Federal Appeals Court: U.S. Has Jurisdiction in Chinese Drywall Suits
Feb 13 2014 // U.S. courts have jurisdiction over claims that a Chinese drywall company’s defective product wrecked homes, and a company that failed to show up in court must pay $2.7 million for damage to seven Virginia couples, a...
U.S. Submits 2015 Global Climate Wishlist to United Nations
Feb 13 2014 // The United States on Wednesday submitted to the United Nations its vision for a new international climate agreement that is “built to last,” outlining what it thinks should be the main elements of a climate...
China Insurance Official asked JPMorgan’s Dimon for Job ‘Favor’ – NYT
Feb 12 2014 // China’s top insurance regulator directly asked JPMorgan Chase & Co CEO Jamie Dimon to hire a family friend as a “favor,” The New York Times reported, citing a confidential email. The latest media...
Global Shipping Industry Sees an End to Five-Year Downturn
Feb 10 2014 // The shipping industry is poised to emerge from its longest downturn in three decades, buoyed by an end to years of overcapacity that have depressed freight rates since the end of a shipping boom in 2008. Dry cargo ships...
The ‘Switching’ Economy: Consumers Open to Buying Insurance from Google, Amazon, Verizon
Feb 7 2014 // New global research finds that as many as two-thirds (67 percent) of insurance customers would consider purchasing insurance products from organizations other than insurers, including 23 percent who would consider buying...
China, India, Brazil Join U.S. As Among Biggest Contributors to Global Warming
Jan 17 2014 // China, India and Brazil — three of the largest developing nations— joined the U.S. in a list of the biggest historical contributors to global warming, according to a study by researchers in Canada. Seven nations...
China’s Fosun Buys 80% of Portugal’s Caixa Insurer for $1.36 Billion
Jan 10 2014 // China’s Fosun International Ltd. bought 80 percent of Portugal’s Caixa Geral de Depositos SA’s insurance unit for €1 billion ($1.36 billion), beating out U.S. buyout firm Apollo Management International...
Ratings: Hamilton Re, ACR Re, Bahamas First, China Taiping (NZ), Peak Re, Solid
Dec 24 2013 // A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Hamilton Re,...
‘Crouching Tiger’ Actress Settles Website Claim in Southern California Court
Dec 18 2013 // “Crouching Tiger, Hidden Dragon” star Zhang Ziyi settled a lawsuit for libel against a U.S.-based Chinese news website, which today apologized for false reports that she had sex with Chinese officials including...
China Eases Rules to Boost Yuan-Denominated Foreign Investment
Dec 17 2013 // China’s commerce ministry has simplified rules to make it easier for foreign firms to use Chinese renminbi they raise offshore to invest in the mainland, the latest effort to broaden the currency’s...
AIG to Sell Aircraft Leasing Unit ILFC for $5 Billion
Dec 16 2013 // American International Group Inc. agreed to sell the world’s second-largest aircraft lessor to AerCap Holdings NV for $5 billion after a group of Chinese bidders missed deadlines to purchase the business. AerCap will...
Chinese Hackers Spied on Europeans before G20 Meeting: Research Firm
Dec 11 2013 // Chinese hackers eavesdropped on the computers of five European foreign ministries before last September’s G20 Summit, which was dominated by the Syrian crisis, according to research by computer security firm FireEye...
TPP Trade Pact Misses Deadline as More Talks Planned for January
Dec 10 2013 // Ministers negotiating the 12-nation Trans-Pacific Partnership trade pact said today they would miss a year-end deadline to complete the deal. “We identified potential landing zones for the majority of key outstanding...
Obama Product Safety Chief Tenenbaum Returns to South Carolina
Dec 6 2013 // After four years in Washington as the nation’s products safety czar, Inez Tenenbaum is coming home to the Columbia area, her life changed in ways large and small. “Now I’m always giving advice unsolicited...
China, India Succeed in Weakening Warsaw Global Warming Pact
Nov 26 2013 // China and India’s success in weakening the latest global warming agreement created friction with other developing nations that are seeking to step up the fight against climate change. The two countries insisted on...
China Pushes Child Safety Seats to Cut Road Deaths
Nov 25 2013 // China lost almost three times as many children in car accidents as the U.S. last year, even though it has fewer than half the number of vehicles. The government increased penalties this year for failing to fasten seat...
Global Warming Pact Expected from Warsaw Talks
Nov 22 2013 // Envoys from 190 nations are close to agreeing upon the first building blocks for the next treaty aimed at fighting global warming, sketching the way to worldwide cuts in fossil-fuel emissions. The delegates, due to finish...
UPDATE: Swiss Re Buying Zurich’s Stake in New China Life for $493 Million
Nov 21 2013 // Swiss Re announced that it has entered into a transaction with Zurich Insurance Company Ltd to acquire a 4.9 percent stake in New China Life Insurance Company Ltd, in a move it described as reaffirming its...
