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☆ China unveiled new dragon-themed drillers that it hopes will build the world's 'longest undersea high-speed railway tunnel'
▼ + stars: | 2024-02-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

China just showed off its second dragon-themed tunneller, which it said will drill an undersea railway. It's touted by China as the world's longest undersea high-speed railway tunnel. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina's state-run railway giant on Monday revealed the second of its dragon-themed tunnel-boring machines for what it says is the longest undersea rail channel in the world. The Yongzhou machine, unveiled at China Railway Construction's Changsha facility, was given a "Dragon of Fortune" paint coat to commemorate the Year of the Dragon, per state media The People's Daily.

Persons: — Organizations: Service, China, Business Locations: China, Japan, Changsha

☆ More Chinese companies vow share buybacks as market sags further
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

People cross a street during morning rush hour in front of the skyline of the central business district (CBD) in Beijing, China December 15, 2020. This follows more than a hundred Chinese companies committing to buybacks or withdrawing share sales in August after China imposed new rules as part of measures to shore up a sinking stock market as the country's post-COVID-19 recovery lost momentum. Its blue-chip stock index <.CSI300>, however, is near one-year lows as investor sentiment remained weak in recent months despite stimulus policies to shore up confidence. Meanwhile, more than 70 other companies in filings vowed that their major shareholders would not sell shares in the coming months, or withdrew plans to offload shares. Reporting by Jason Xue in Shanghai and Tom Westbrook in Singapore Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Thomas Peter, Jason Xue, Tom Westbrook, Marguerita Choy Organizations: REUTERS, Rights, China Petroleum & Chemical Corp, China Railway Construction Corp, China Mobile, Wanma Technology, GoodWe Technologies, Central Huijin Investment, Thomson Locations: Beijing, China, Shanghai, Singapore

☆ Rio Tinto shoulders Simandou iron ore bill as Chinese funds delayed - sources
▼ + stars: | 2023-09-18 | by ( Clara Denina | ) www.reuters.com time to read: +3 min

The Anglo-Australian miner owns two of four Simandou mining blocks as part of its Simfer joint venture with China's Chalco Iron Ore Holdings (CIOH) and the government of Guinea, where the mine is located. CIOH is 75% held by Aluminum Corporation of China (Chinalco) and 20% by Baowu Steel Group, with China Railway Construction Corporation (CRCC) and China Harbour Engineering Company (CHEC) each holding 2.5%. Simandou's other two blocks are owned by the Winning Consortium Simandou (WCS), made up of Singapore-based Winning International Group, Weiqiao Aluminium - part of the China Hongqiao Group (1378.HK) - and United Mining Suppliers. Rio earmarked $800 million for its share of the development in 2023 and around $2 billion a year in 2024 and 2025. Reporting by Clara Denina; Additional reporting by Felix Njini and Amy Lv; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Helgren, CIOH, CHEC, Simandou, Raphael Gnambalamou, Clara Denina, Felix Njini, Amy Lv, Jan Harvey Organizations: Rio Tinto, Developers Association of Canada, REUTERS, Ore Holdings, CIOH, Aluminum Corporation of China, Baowu Steel, China Railway Construction Corporation, China Harbour Engineering Company, Weiqiao, China Hongqiao, HK, United Mining Suppliers, Thomson Locations: Rio, Toronto , Ontario, Canada, Simandou, Guinea, China, Singapore

☆ Mexico's AINDA seeks $600 mln to kickstart fund, Colombian business
▼ + stars: | 2022-12-20 | by ( Valentine Hilaire | ) www.reuters.com time to read: +2 min

Its foray into Colombia seeks to collaborate with the government's infrastructure plans, with AINDA set to open offices in the South American country by next year's second quarter, Rodriguez said. In Mexico, Rodriguez emphasized potential investments in logistics, citing the Pacific ports of Manzanillo and Mazatlan, but declining to go into detail. Rodriguez added that the ESG-focused fund will continue to evaluate other Mexican energy projects, citing possible investments in electricity transmission, without being more specific. But Rodriguez said he nonetheless sees opportunities to invest in "green efforts" that can compliment the government's energy priorities. Reporting by Valentine Hilaire; Editing by David Alire Garcia and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

☆ 59 de companii chineze puse pe lista neagra a administrației SUA
▼ + stars: | 2021-06-04 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Administrația Biden extinde domeniul de acțiune al unui decret prezidențial al fostului președinte Donald Trump, prin care se interziceau investițiile americane în companii din China care sprijină armata chineză inclusiv prin vânzarea de tehnologie de urmărire, relatează The Washington Post, citează digi24.ro. Un decret al președintelui Biden, care va intra în vigoare de joi, urmează să lărgească domeniul de acțiune al interdicțiilor și va transfera autoritatea în acest caz laDepartamentul Trezoriei de la Departamentul Apărării. Prin această mutare, decretul va fi mai „stabil din punct de vedere legal”, spun oficiali din administrație. Oficiali ai guvernului SUA spun că mutarea la alt departament este importantă, în contextul în care compania chinezească Xiaomi a reușit să evite interdicția prin atacarea ei în justiție. Departamentul Trezoriei are mai multă experiență în redactarea de programe de sancțiuni „într-un fel care respectă standardele legale și juridice al Statelor Unite”, a spus un oficial din administrația americană.

Persons: Biden, Donald Trump, Joe Biden Organizations: The Washington Post, Apărării, Xiaomi, americană, Gowin, China Mobile Communications Group, China National, Oil Corp, Semiconductor, China Railway Construction Locations: China, Statelor Unite, Chinei, SUA, Hikvision

☆ Байден внес в «черный список» 59 китайских компаний
▼ + stars: | 2020-11-12 | by ( Mld Media Srl | Степанов Георгий | ) noi.md time to read: +2 min

Американский президент Джо Байден в четверг поставил подпись под документом, который не позволит США вкладывать средства в 59 китайских компаний, которые, по мнению Белого дома, подрывают безопасность США. «Этот исполнительный указ позволяет США запрещать инвестиции в китайские компании, которые подрывают безопасность или демократические ценности США и наших союзников», - подчеркивается в документе. В «черный список» попали 59 китайских компаний. Отмечается, что данный указ «запретит любому человеку из США участвовать в продаже или покупке любых продаваемых на бирже ценных бумаг». «Черный список» является одной из мер, принятых администрацией президента США Дональда Трампа в отношении китайских компаний.

Persons: Джо Байден, Дональд Трамп Organizations: Huawei Technologies Co ., Semiconductor Manufacturing International Corporation, Aviation Industry Corporation of China, China Mobile Communications Group Co, Ltd, China Telecommunications Corporation, China United Network Communications Group Co, China Railway Construction Corporation, ИнтерфаксУкраина Locations: China, США, Белый дом, Китай, КНР

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