On Wednesday, HNA Tourism Group Co Ltd, a Chinese company which is a unit of HNA Group Co Ltd, the aviation and shipping conglomerate, said it has agreed to buy Carlson Hotels.

China's slowdown is also affecting its casino businesses and Macau-based Sands China Ltd's less than expected first quarterly earnings report is an example of that.

The casino is a unit of Las Vegas Sands Corp. The economic slowdown in the world's second largest economy has also affected visitor spending. Sheldon Adelson, the chairman and chief executive officer of Las Vegas Sands Corp expects future improvement from growing number of mass market gamblers and tourists.

Governor of the People's Bank of China, Zhou Xiaochuan, restated that there no reason to expect that the Chinese currency will continuously.

Mr. Zhou said, "There is no basis for persistent RMB depreciation from the perspective of economic fundamentals."

He also stressed that there were tools, which the government could use to limit the risks of a sluggish economic growth in the country.

In January, the foreign-exchange reserves of China dropped to its lowest level in three years. This has raised questions regarding the length of time that Beijing can carry on burning its internal funds to protect the yuan without setting off a vast flight of capital.

There is no respite for crude prices at least not right now. On Tuesday, oil prices dropped for a second consecutive session in Asian trade. The reasons behind the slide are mainly related to slowing demand in China, which is the leading energy consumer and also oversupply of oil in the market.

Amazon is well known for making new moves. After trying options in trucking and air freight, now the company seems to be turning its focus towards the sea.

Reportedly Amazon China, the Chinese affiliate, of the e-commerce company has registered with the U. S. Federal Maritime Commission to turn into a licensed ocean freight forwarder.