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Alibaba cautions as signs of US-China trade deal emerge

Bloomberg Alibaba Group Holding Ltd. adopted a cautious tone on the outlook for the global economy even as signs emerged of a possible end to a US and Chinese trade war. China’s largest e-commerce company reported quarterly earnings well above analysts’ estimates, while also trimming its prediction for full-year sales by as much as 6 percent. Shares slid as much ...

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Tech tycoon takes $9.2bn rollercoaster ride in the mainland

Bloomberg Zhou Hongyi made a savvy move this year when he shifted his company listing to Shanghai from New York. The February switch added $12 billion overnight to his fortune. The 48-year-old chairman of 360 Security Technology Inc. has since experienced the downside of listing in China, after stocks tumbled on concerns about a US trade war and a slowing ...

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Chinese steel producers trigger growth in iron ore supplies from India

Bloomberg As China’s push for clear skies sends the world’s biggest steel industry hunting for better quality iron ore, suppliers in India are ramping up capacity to cater to the growing export market, according to the local unit of Moody’s Investors Service. Indian producers of iron ore pellets — a less polluting form of the mineral that can be fed ...

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