ExxonMobil has signed a cooperation framework agreement with the Guangdong Provincial People’s Government to advance discussions concerning the proposed construction of a chemical complex in the Huizhou Dayawan Petrochemical Industrial Park. Exxon said in a statement that the new facility would help meet expected demand growth for chemical products in […]
California-based Y Combinator said it has hired Baidu’s Qi Li to head the startup developer’s Chinese unit. Sam Altman, the CEO of Y Combinator said in a blog message that: I am delighted to announce that Qi Lu is joining YC to launch and run YC China. I have been […]
After several years of its presence in China, the world’s second-largest economy has finally clamped down OneCoin pyramid scheme promoters. China’s Supreme People’s Procuratorate said earlier today that about 98 promoters of OneCoin are under trial for perpetrating a cryptocurrency scam of up to $2 billion. According to Coindesk, the […]
Following the renewal of smooth diplomatic relations between China and Japan, the latter’s largest investment bank, Nomura Holdings will now operate in China. The company said in a statement that: “It applied to the China Securities Regulatory Commission (CSRC) on May 8 to establish a joint venture securities firm. Nomura […]
Asia’s global investment bank, Nomura siad it has appointed Ting Lu as Chief China Economist to lead a team of economists that forecasts China’s economic trajectory and drives thought leadership on macroeconomic themes shaping the country. “China is an important market for Nomura, and Ting’s appointment is further evidence of […]
As a follow up to its Yuan currency swap deal with China worth about $2.5 billion, Nigeria is said to have picked lenders who who will manage the transactions. According to ThisDay Newspaper, Standard Chartered Bank, Stanbic IBTC, Zenith Bank and First Bank of Nigeria have been appointed to manage […]
Africa’s largest economy, Nigeria has entered a yuan currency swap agreement with China, the world’s second-largest economy. Under the agreement, Nigeria and China will exchange goods and services in the region of 15 billion yuan.
AkzoNobel has become a supplier of automotive refinishes for Mercedes-Benz China, the country’s leading luxury auto brand. The agreement – which follows extensive analysis and tests on AkzoNobel’s products and business processes – means the company has become a certified supplier of vehicle refinishes to more than 50 auto companies […]
Nigeria U-20 Women’s football team, Falconets have been drawn in Group D of the FIFA World Cup billed for France later this year. The Falconets will battle Haiti, China PR and Germany to make it to the knockout stages of the competition which begins August 5, 2018. The draw for […]
Authorities were trying to assess the environmental impact of oil that’s on fire in the East China Sea after an Iranian tanker sank and caused an oil spill that covered about 4 square miles. The Sanchi was carrying 1 million barrels of condensate, a highly flammable type of light oil, […]