05 7月

New head to steer COSCO


Company faces being delisted if it cannot navigate into profitability

Wei Jiafu, chairman of China Ocean Shipping (Group) Co – COSCO – the nation’s largest shipping business, has resigned. His successor will have to carry on the unfinished task of returning the company to profit to avoid being delisted. Read More

05 7月

Growth slowing for services


Non-manufacturing sector loses steam, putting jobs under pressure

The expansion pace of China’s non-manufacturing industries decelerated to a nine-month low in June, in line with the weakest factory activity in four months, suggesting higher downside risk to second-quarter economic growth. Read More

05 7月

Finance chief approves of tighter controls


PMorgan executive says bank’s clients must come first for business to succeed

Constantly focusing on what’s truly important at the big end of business and deciding business direction according to clients’ needs are central to the core values of Mike Cavanagh, co-chief executive officer of JPMorgan’s Corporate and Investment Bank. Read More