Benjie Batanes
'Grexit' Averted as Tsipras and European Leaders Arrive at Consensus
| Benjie Batanes | | Jul 13, 2015 07:29 AM EDT |
Greece will stay within the Eurozone as a deal has finally been struck with its European creditors on Monday. However, the government of Alexis Tsipras will have to pass tough legislation that many of his countrymen had earlier rejected in a recent referendum.
Chinese Brokerage Firms Report Record Earnings Despite Fall in Value
| Benjie Batanes | | Jul 13, 2015 07:21 AM EDT |
The net earnings of 22 Chinese brokerage firms rose by almost 400 percent in the first half of 2015. However, the value of their shares were not spared by the downtrend in the Chinese stock market.
Chan-hom Hits China's Eastern Coast, But Loses Steam in Shanghai
| Benjie Batanes | | Jul 13, 2015 07:06 AM EDT |
Powerful typhoon Chan-hom hit China's eastern coast of Zhoushan on Saturday at 4:40 pm. Heavy rains and wind brought by the typhoon caused damages to property, but the storm significantly weakened as it passed by Shanghai.
Typhoon Chan-hom Makes Landfall in Zhejiang
| Benjie Batanes | | Jul 11, 2015 10:34 AM EDT |
Destructive typhoon Chan-hom arrived on the Chinese mainland Saturday afternoon, July 11. Countries like the Philippines, Japan and Taiwan suffered casualties and property damages as Chan-hom hit them earlier.
11 Million Chinese Couples are Eligible for a Second Child – But Only 13 Percent Show Interest
| Benjie Batanes | | Jul 11, 2015 07:02 AM EDT |
More than 11 million couples in China are eligible to have a second child, but only 13 percent or one and a half million of them have shown interest as of June 1, according to a government report.
United States Army to Reduce its Rank by 40,000 Within 2 Years
| Benjie Batanes | | Jul 09, 2015 11:02 AM EDT |
The United States Army is scheduled to announce its plans this week to reduce its forces by at least 40,000 soldiers as part of the latest cost cutting measures.
Tsipras Faces Thursday Deadline to Submit Official Proposal for Tackling Greece's Debt
| Benjie Batanes | | Jul 09, 2015 09:07 AM EDT |
Greek leader Alexis Tsipras is facing a Thursday deadline to present a satisfactory plan that will appease his country's creditors. Failure to do so means no more additional loans and a likely "Grexit" scenario.
Chinese Regulators Latest Move: Major Stockholders Forbidden from Selling Shares
| Benjie Batanes | | Jul 09, 2015 07:00 AM EDT |
Chinese regulators issued a new ruling on Wednesday prohibiting stockholders who own more than five percent shares in a corporation from selling them within the next six months. Authorities hope that the latest directive can at least pare down the selling frenzy in the Chinese stock market.
Greece Debt Ultimatum: Eurozone Warns Tsipras to Present Plan by Sunday
| Benjie Batanes | | Jul 08, 2015 11:45 AM EDT |
Eurozone officials are giving Greek Prime Minister Alexis Tsipras until Sunday to present a credible plan that will tackle his country's debt or face the consequences which includes the prospect of Greece's removal from the Eurozone.
Philippines Presents Arguments in South China Sea Arbitration, China Declines to Participate
| Benjie Batanes | | Jul 08, 2015 09:42 AM EDT |
The Philippines has presented its side on China's disputed South China Sea land reclamation project before an international arbitration court in Holland on Tuesday. However, the other party in the dispute, China, has declined to join the proceedings.
Investors Continue Selling, Efforts to Shore Up Chinese Stocks Fail
| Benjie Batanes | | Jul 08, 2015 07:04 AM EDT |
China's stock markets continued to lose value as soon as trade opened on Wednesday. A series of incentives and the filing of charges against market manipulators has failed to calm investors who are still selling their Chinese shares in droves.
Chinese Regulators Cap Daily Trade On the CSI 500 Futures Index
| Benjie Batanes | | Jul 07, 2015 11:13 AM EDT |
Chinese regulators announced on Monday that the daily trade volume in the CSI 500 Futures Index will be reduced in hopes of keeping China's Stock markets from slipping further.
China Reveals Candidate for AIIB Presidency
| Benjie Batanes | | Jul 07, 2015 10:30 AM EDT |
The Chinese government announced on Monday that the secretary-general of Asian Infrastructure Investment Bank (AIIB) Jin Liqun is the formost candidate to fill the post of AIIB President.
Foreign Debt Expert Urges China to Consider Human Rights Issues When Extending Loans
| Benjie Batanes | | Jul 07, 2015 06:00 AM EDT |
A foreign debt expert urged China on Monday to not forget about the people's right when it extends loans and negotiate payment terms with the debtor countries.
China's Internet Plus Plan to Reinvigorate Economy
| Benjie Batanes | | Jul 06, 2015 11:15 AM EDT |
Internet Plus is China's working blueprint that will combine the internet with other sectors of the Chinese economy. The idea was first announced last March and the subject has been brought up again this Saturday, July 4.
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