China’s small businesses face a tough winter, helped “only a little” by the government’s $586 billion stimulus package, said Li Zibin, chairman of the China Association of Small and Medium Enterprises.
“More small and medium-sized companies will shut down as the economy slows further,” Li said in an interview yesterday in Beijing. Businesses face a “funding [...]
A consortium led by sovereign wealth fund China Investment Corp is in talks to buy a 49 percent stake in American Life Insurance Co (Alico), a unit of AIG (AIG.N: Quote, Profile, Research, Stock Buzz), in a deal that could be worth up to $10.6 billion, Japan’s Nikkei business daily reported on Friday.
The paper said [...]
China-based accountants Lehman Brown refused to budge when lawyers acting for a certain Wall Street investment bank sent threatening letters demanding they change their name.
The letters have stopped now, but the accountants are suddenly open to a name change, said Dickson Leung, a senior partner at the firm.
Tags: bankruptcy, China Investment
