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BEIJING, Feb 15 (Reuters) - Hundreds of retirees took to the streets in the Chinese cities of Wuhan and Dalian on Wednesday to protest cuts to medical benefits, according to residents and social media posts, following widespread demonstrations last year over COVID curbs. Reuters could not immediately verify images from Dalian and some others from Wuhan widely shared on social media. The retirees were protesting local reforms including a recent cut to the monthly personal medical benefit allowance for retirees, from 260 yuan ($38) per month to 83 yuan, according to Wuhan residents. In China's health benefit system, some money goes to a personal medical allowance and other funds are pooled. Wednesday's protests in Wuhan and in Dalian in China's northeast attracted a heavy security presence, according to videos and pictures on social media.

☆ Analysis: AMC sets unusual shareholder vote for meme stock sale approval
▼ + stars: | 2023-02-01 | by ( Anirban Sen | ) www.reuters.com time to read: +5 min

loadingNow, AMC is asking shareholders for authorization to further increase its common stock count tenfold. Holders of the preferred stock will be allowed to vote on the matter alongside holders of common stock. "This increases the odds of (the new common stock authorization) passing this time," said Jacob Thomas, a professor of accounting and finance at Yale School of Management. "Given that meme stock speculators can drive prices far from fundamentals, it makes sense for a company like AMC to issue stock when management believes its own stock is overvalued," Harvey said. AMC said in the Jan. 26 filing that it is proposing the conversion of preferred stock to common stock to eliminate the trading discount.

☆ Japan will continue to monitor COVID situation in China, govt says
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: 1 min

[1/3] Passengers of a plane from Dalian in China, head to the coronavirus disease (COVID-19) test area upon their arrival at Narita international airport in Narita, east of Tokyo, Japan January 12, 2023. REUTERS/Kim Kyung-HoonTOKYO, Jan 30 (Reuters) - Japan will continue to monitor the COVID-19 situation in China and deal "flexibly" with border control measures, Chief Cabinet Secretary Hirokazu Matsuno said on Monday. The comment came a day after the Chinese embassy in Japan said it had resumed the issuance of ordinary visas for Japanese citizens travelling to the country. China had stopped issuing visas for Japanese nationals earlier this month after Japan toughened COVID-19 border control rules for travellers coming directly from China. Reporting by Satoshi Sugiyama Editing by Chang-Ran KimOur Standards: The Thomson Reuters Trust Principles.

☆ They Poured Their Savings Into Homes That Were Never Built
▼ + stars: | 2023-01-24 | by ( Isabelle Qian | Agnes Chang | ) www.nytimes.com time to read: +13 min

We talked to four people who emptied their life savings and took out huge loans for homes that have not been completed. “It was a simple dream — to have a home, a family,” Mr. Tang said. Mr. Tang, who works in a restaurant, sold a small place he had out in the countryside. “When I think about the unfinished apartment, it’s as if I’m falling from heaven to hell, ” Mr. Tang said. Homeowners atop one of the unfinished apartment towers call for construction to fully resume.

Currently trading around $9,130, the copper price is up by 9.6% since the start of January. Investors played copper from the short side for much of last year, if they were prepared to engage at all. The funds' sudden return is a sign that many are betting on a much sunnier outlook. "To the degree these short positions have not already covered, this may support copper in the short term", the bank said. It's clear, though, that copper long positioning is primarily a bet on Chinese recovery, underpinned by measures to revitalise a foundering property sector and more metals-intensive green infrastructure.

After three years of strict and suffocating anti-virus controls, China in early December abruptly abandoned its "zero COVID" policy, letting the virus run freely through its 1.4 billion population. Several experts forecast more than one million people in China will die from the disease this year. TRAVEL RUSHBeijing's main rail station has been packed with passengers leaving the capital in recent days, according to Reuters witnesses. Meanwhile, daily arrivals in the gambling hub of Macau exceeded 55,000 on Saturday, the highest daily arrivals since the pandemic began. China's transport ministry has said it expects more than 2 billion trips in the weeks around the holidays.

The company is the property services arm of commercial property developer Dalian Wanda Group. A presentation by Wanda Commercial Management Group seen by Reuters said the book received 3.7 times over-subscription, with $500 million orders from long-only funds, including Blackrock, Fidelity, Pictet AM, Invesco and PAG. "This deal reopened the dormant China property and high-yield bond market, and received an active and positive reaction," it added. Dalian Wanda Group did not immediately respond to a request for comment while its commercial management arm could not be immediately reached. Unlike many other Chinese developers who focus on residential projects, Dalian Wanda Group relies on rental income and has an asset-light model.

☆ China’s Junk-Bond Market Creaks Open With a $400 Million Sale
▼ + stars: | 2023-01-12 | by ( Frances Yoon | ) www.wsj.com time to read: 1 min

HONG KONG—A Chinese commercial property company sold U.S. dollar bonds on Thursday with yields topping 12%, reopening the market for junk debt from the country after a wave of defaults last year. Dalian Wanda Commercial Management Group Co., which operates shopping malls across China and is controlled by Chinese billionaire Wang Jianlin , tested investors’ appetite for risk this week with a two-year bond offering by one of its units.

☆ China reopens borders in final farewell to zero-Covid policy
▼ + stars: | 2023-01-08 | by ( ) www.nbcnews.com time to read: +4 min

Travelers began streaming into mainland China by air, land and sea on Sunday, many eager for long-awaited reunions, as Beijing opened borders that have been all but shut since the start of the Covid-19 pandemic. But the abrupt policy reversal has triggered a massive wave of infections that is overwhelming some hospitals and causing business disruptions. China on Sunday also resumed issuing passports and travel visas for mainland residents, and ordinary visas and residence permits for foreigners. Beijing has quotas on the number of people who can travel between Hong Kong and China each day. I’m thrilled, I can’t believe it’s happening,” said a business woman surnamed Shen, 55, who flew in from Hong Kong.

Hong Kong CNN —James Cameron’s “Avatar: The Way of Water” has premiered in China, 13 years after the original film took the country by storm. A poster of film 'Avatar: The Way of Water' is seen at a cinema on December 11, 2022 in Beijing, China. I immersed myself in the plot and enjoyed an unprecedented audio-visual feast.”Shot in the armThe “Way of Water” is expected to buoy China’s pandemic-depressed box office. By mid-December, China’s box office reached only 28.8 billion yuan ($4.1 billion), down nearly 40% from last year. The “Way of Water” accounted for 80% of screenings scheduled for Friday, the Maoyan data showed.

Hong Kong CNN —An unprecedented wave of Covid cases in China has sparked panic buying of fever medicines, pain killers, and even home remedies such as canned peaches, leading to shortages online and in stores. Canned yellow peaches, considered a particularly nutritious delicacy in many parts of China, have been snapped up by people looking for ways to fight Covid. Its sudden surge in popularity prompted Dalian Leasun Food, one of the country’s largest canned food manufacturers, to clarify in a Weibo post that canned yellow peaches don’t have any medicinal effect. “Canned yellow peaches ≠ medicines!” the company said in the post published Friday. The drug shortage has spread from mainland China to Hong Kong, a special administrative region which has a separate system of local government.

☆ China shipyards feast on record LNG tanker orders as South Korea builders are full up
▼ + stars: | 2022-12-12 | by ( Chen Aizhu | ) www.reuters.com time to read: +7 min

Chinese shipyards this year won 45 LNG tanker orders worth an estimated $9.8 billion, about five times their 2021 order values, according to shipping data provider Clarksons Research. By late November, Chinese yards had grown their LNG order books to 66 from 21, giving them 21% of global orders worth around $60 billion. Still, Chinese yards received 19 foreign orders for LNG tankers this year and that number is likely to grow. "Chinese yards have become more attractive because of the South Korean backlog, as well as rising costs," said ICIS analyst Songer. Chinese yards' relationship with GTT also helps, he said.

☆ U.S. sanctions people, entities over China-based illegal fishing
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Dec 9 (Reuters) - The United States on Friday imposed sanctions on people and companies, including Nasdaq-listed Pingtan Marine Enterprises, Ltd., over what Washington says are human rights abuses linked to China-based illegal distant water fishing. The U.S. Treasury Department imposed sanctions on Li Zhenyu and Xinrong Zhuo, both Chinese nationals, and 10 entities they control, including Dalian Ocean Fishing Co., Ltd. and Pingtan Marine Enterprise, Ltd. (PME), the U.S. Office of Foreign Assets Control (OFAC) said in a statement. It also targeted 157 China-flagged fishing vessels linked to those entities, it said. The designation of PME marks the first time the U.S. has imposed sanctions on an entity listed on the NASDAQ stock exchange. Reporting by Daphne Psaledakis and Michael Martina; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ COSCO Shipping says to buy $2.7 bln port assets from parent, in $2.9 bln ship building deal
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +1 min

Oct 31 (Reuters) - COSCO Shipping Holdings Co Ltd said on Monday it has agreed to buy port assets from its parent for an aggregate 19.7 billion yuan ($2.7 billion) as it aims to build a global digital supply chain for its customers. The Chinese shipping group said it would buy 14.9% of Shanghai International Port (Group) (600018.SS) from its indirect controlling parent China COSCO Shipping Corp Ltd for 18.9 billion yuan, and a 3.2% stake in Guangzhou Port (601228.SS) for 778.7 million yuan. COSCO Shipping Holdings (601919.SS) also said it had entered into shipping contracts with China COSCO Shipping's Dalian COSCO KHI Ship Engineering to build five vessels for a total of $1.2 billion. Its unit Orient Overseas (International) Ltd (0316.HK) has entered into ship building contracts with Nantong COSCO KHI Ship Engineering to build seven vessels for a total $1.7 billion. read more($1 = 7.2499 Chinese yuan renminbi)Reporting by Donny Kwok; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ China's Sept crude oil imports fall, fuel exports hit 15-mth high
▼ + stars: | 2022-10-24 | by ( Chen Aizhu | ) www.reuters.com time to read: +3 min

REUTERS/StringerSINGAPORE, Oct 24 (Reuters) - China's crude oil imports in September were 2% below their level a year earlier, data showed on Monday, as independent refiners curbed throughput amid thin margins and lacklustre demand. The world's largest crude importer brought in 40.24 million tonnes of crude oil last month, equivalent to about 9.79 million barrels per day (bpd). While state refineries have mostly returned from outages and planned maintenance, independent refiners, which make up about one-fifth of China's crude oil imports, have continued to hold down production. However, the data showed that exports last month of refined fuel - including diesel, gasoline, aviation fuel and marine fuel oil - soared 36% from a year earlier to 5.64 million tonnes. Year-to-date exports were down 27.6% at 35.45 million tonnes, as a result of Beijing's policy adopted in late 2021 to limit fuel exports and excessive refinery processing.

☆ Hermes eyes big price rises, says no sign of slowdown
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +1 min

The logo of Hermes is seen on a store in Paris, France, April 24, 2020. "We will probably have price hikes between 5 and 10 percent," Hermes executive vice president of finance Eric du Halgouet told reporters on Thursday, adding this was due to rising labour costs and currency fluctuations. Register now for FREE unlimited access to Reuters.com RegisterThe company raised prices by around 4% this year and by 1.5-2% on average in previous years. "Sales in Greater China picked up strongly, despite temporary closures due to sanitary measures mainly in Macau, Chengdu and Dalian in July and August," the company said in a statement. ($1 = 1.0222 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Mimosa Spencer, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

☆ Meet 9 top media bankers transforming the M&A landscape and driving deals for Warner Bros. Discovery, Legendary, Amazon, and more
▼ + stars: | 2022-10-20 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +5 min

2022 kicked off with some huge transactions, from AT&T's WarnerMedia spin-off to private equity scooping up content players. Brad Pitt's production company, Plan B, and Diamond Sports Group both recently tapped big banks to explore their options. Not surprisingly, WarnerMedia was at the heart of the richest transaction fee waterfall for big banks in 2022. Moelis and LionTree were just tapped to help figure out what's next for Sinclair's Regional Sports Networks, Diamond Sports Group, while Brad Pitt's production company, Plan B, also hired Moelis to shop the production company, according to Variety. There's lots of dry powder still in private equity, Navid Mahmoodzadegan, co-founder and co-president at investment bank Moelis, told Insider.

☆ Meet 9 top media bankers transforming the M&A landscape as streaming video reshapes entertainment
▼ + stars: | 2022-09-29 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +4 min

2022 kicked off with some huge transactions, from AT&T's WarnerMedia spin-off to private equity scooping up content players. Company valuations are set to fall back to earth in 2023, and private equity and strategics are lying in wait. Not surprisingly, WarnerMedia was at the heart of the richest transaction fee waterfall for big banks in 2022. Joshua Grode's Legendary Entertainment, backed by Dalian Wanda and now Apollo Group, which took a stake in the studio in January. There's lots of dry powder still in private equity, Navid Mahmoodzadegan, co-founder and co-president at investment bank Moelis, told Insider.

☆ China's industrial profit declines accelerate in Jan-Aug
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterPedestrians cast their shadows on a wall at a construction site in Beijing December 12, 2014. REUTERS/Kim Kyung-Hoon/BEIJING, Sept 27 (Reuters) - Profits at China's industrial firms shrank at a faster pace in January-August, as strict COVID restrictions and a deepening property slump weighed on domestic demand and heatwaves curbed factory activity. read moreChina's industrial output rose 4.2% from a year earlier in August, quickening from a 3.8% rise in July. Liabilities at industrial firms jumped 10.0% from a year earlier in August, slightly slower than the 10.5% growth in July. ($1 = 7.1584 Chinese yuan)Register now for FREE unlimited access to Reuters.com RegisterReporting by Liangping Gao, Ella Cao and Ryan Woo; Editing by Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ Oil prices steady as prospect of Fed hikes may curb fuel demand
▼ + stars: | 2022-09-20 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were little changed on Tuesday, after rising in the previous session, on concerns that interest rate hikes in the United States to tame inflation will curb economic growth and fuel demand in the world's biggest crude consumer. "The global economy is slowing and that has been troubling for the crude demand outlook." U.S. crude oil stocks are estimated to have risen last week by around 2 million barrels in the week to Sept. 16, a preliminary Reuters poll showed on Monday. The U.S. Energy Department will sell up to 10 million barrels of oil from the Strategic Petroleum Reserve for delivery in November, extending the timing of a plan to sell 180 million barrels from the stockpile to tame fuel prices. ANZ Research analysts did point to the lifting of citywide lockdowns in China's Chengdu and Dalian on Monday as a potential spark for a stronger recovery in oil demand growth in the world's second-largest oil consumer.

☆ Marek Hamsik a devenit jucătorul grupării din Super Liga Turciei, Trabzonspor
▼ + stars: | 2021-06-09 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Fotbalistul slovac, Marek Hamsik, și-a găsit un nou club. Mijlocașul de 33 de ani a devenit jucătorul grupării din Super Liga Turciei, Trabzonspor.Hamsik a semnat un contract pe două sezoane și se va alătura echipei după Campionatul European. Presa turcă anunță că fotbalistul va avea un salariu anual de 1,5 milioane de euro. Anterior, el a mai evoluat la Slovan Bratislava, Brescia, Napoli dar și în China, la Dalian Professional.Mijlocașul slovac a devenit celebru la Napoli, unde a petrecut o perioadă de aproape 12 ani. El a jucat în 520 de meciuri la formația italiană, în care a marcat 121 de goluri și a dat 100 de pase decisive.

Persons: Marek Hamsik, Trabzonspor.Hamsik, fotbalistul, El, Hamsik Organizations: Liga Turciei, Presa, Slovan, Cupa Locations: Göteborg, Slovan Bratislava, Brescia, Napoli, China, Cupa Italiei, Slovaciei, Spania, Polonia, Suedia

☆ Rafael Benitez a demisionat din funcția de antrenor principal al clubului chinez Dalian Pro
▼ + stars: | 2021-01-23 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

Fostul antrenor al echipelor Real Madrid și FC Liverpool, Rafael Benitez, a demisionat din funcția de antrenor principal al clubului chinez Dalian Pro. Tehnicianul spaniol a luat această decizie din motive familiale legate de noul coronavirus. Benitez a antrenat-o pe Dalian Pro din anul 2019 după ce s-a despărțit de Newcastle United. De-a lungul carierei, Rafael Benitez a antrenat formații de top precum Inter Milano, Real Madrid și Napoli. A câștigat Cupa UEFA cu Valencia și Liga Europei cu Chelsea, dar și Liga Campionilor cu FC Liverpool.

Persons: Rafael Benitez, . Benitez Organizations: Real Madrid, FC Liverpool, Newcastle United, Inter Milano, Cupa UEFA, Valencia, Liga Europei, Chelsea, Liga Campionilor Locations: Superliga Chinei, Napoli

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