China

AXA to pay USD662 mn for full control of China joint venture

Insights

27-Nov-18 French insurer AXA will pay USD662 mn for the remaining 50% stake in its Chinese joint venture, making it the second insurer in three days to announce plans for a wholly-owned company in mainland China, after Allianz. [image: Reuters / South China Morning Post]

Aramco eyes bigger market share in Asia ahead of possible OPEC cut

Insights

26-Nov-18 Saudi Aramco will expand its market share in Asia despite likely OPEC limits on output in 2019, and is eyeing deals in China and Africa as it aims to become a global leader in chemicals. [image: Euronews]

Textile industry under pressure to detox fashion in China

Insights

21-Nov-18 China is the largest exporter of clothing, but the pollution from "Made in China" manufacturing doesn't leave the country. 42 percent of global dyes, additives and stabilisers usage is in China. [image: Wu Di / Greenpeace]

Saudi steel makers hit by foreign competition

Insights

13-Nov-18 Steel producers in Saudi Arabia are producing at half their output capacity due to foreign competition, with nearly 55% of domestic steel demand in Saudi met by imports, mostly from China. [image: Projects Mena]

American Express secures payments license in China

Insights

12-Nov-18 American Express has been granted preparatory approval from the People’s Bank of China for a clearing and settlement license in mainland China. Amex can begin building a network business to process domestic RMB transactions through its joint-venture in the country. [image: Beyond My Ken / Wikipedia]

AXA to pay USD662 mn for full control of China joint venture

Aramco eyes bigger market share in Asia ahead of possible OPEC cut

Textile industry under pressure to detox fashion in China

Saudi steel makers hit by foreign competition

American Express secures payments license in China

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