World Business News

Bordeaux + braised pork = Bliss

For Bernard Farges, president of Le Conseil interprofessionnel du vin de Bordeaux or CIVB, acouncil of wine professionals and traders in Bordeaux, France, the China market remains anexport destination with great potential, in spite of the recent hiccups. So, Bordeaux will allocate more resources to boost consumption of its wines …

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US-traded Chinese stocks rebound after Monday Blue

US-traded Chinese stocks rebounded on Tuesday from a week-long plunge as rumors ofstricter relisting rules at home sent shares down. Companies in the process of privatization saw their shares edge up after the marketspeculated their plan to return to the home market may be difficult to deliver. E-commerce retailer Dangdang.com …

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World economy to grow by just 2.4% in 2016: UN

UNITED NATIONS – As world economic growth remains weak, world gross product will growby just 2.4 percent in 2016, the same pace as in 2015, said a UN report here on Thursday. This marked a downward revision of 0.5 percentage points from UN projections in December2015. The World Economic Situation …

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Chinese property For whom the bubble blows

SHANGHAI, China’s financial centre, does not make it easy on outsiders wishing to buy homes. Non-residents who are single are banned from buying property. The married are welcome but only so long as they have paid local taxes for two years and make nearly a third of the purchase in …

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