News

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Tue, 03 Apr 2018 07:03:45 GMT

Meituan-Dianping to acquire large stake in China's Mobike

The Chinese on-demand online services provider Meituan-Dianping is set to acquire a large stake in the bike-sharing company Mobike, according to the Caixin business magazine.

Tue, 03 Apr 2018 06:54:45 GMT

Supermarket retailers Auchan, Casino in talks over partnership

French supermarket retailers Auchan and Casino have entered talks over forming cooperation regarding the food and non-food items purchasing amid intensified competition in the domestic sector.

Tue, 03 Apr 2018 06:34:23 GMT

NYSE sets reference price for Spotify shares

The New York Stock Exchange has set the reference price for Spotify's shares at $132, as the music streaming service is pursuing a direct listing, while its shares are seen to start trading on Tuesday.

Tue, 03 Apr 2018 06:30:07 GMT

Ranesas shareholders to cut stakes in Japan's chipmaker

On Tuesday, the Japanese chipmaker Ranesas Electronics stated that its state-backed fund INCJ, Hitachi and NEC shareholders would lower their stakes in the company to 33.4%, 3.7% and 4.3% respectively.

Tue, 03 Apr 2018 04:52:32 GMT

Japan's Monex to buy crypto exchange Coincheck

The Japanese online broker Monex Group Inc plans to purchase a local cryptocurrency exchange Coincheck Inc which was recently hit by a $530M theft of digital currency.

Tue, 03 Apr 2018 04:52:20 GMT

INCJ to sell part of Renesas Electronics stock to bolster its competitiveness

Japan's state-backed fund Innovation Network Corp of Japan is to reduce the company's stake in the chipmaker Renesas Electronics Corp to improve its global competitiveness.

Tue, 03 Apr 2018 04:24:51 GMT

RBI drops three banks from list of gold, silver importers

The Reserve Bank of India has dropped Axis Bank, Karyr Vyasa and South Indian Bank from a list of banks allowed to import silver and gold during the fiscal year that began on April 1.

Tue, 03 Apr 2018 04:17:39 GMT

GM to stop reporting monthly sales in US, China and Brazil

General Motors Co announced on Tuesday that it would stop reporting monthly vehicle sales in the United States, China and Brazil, as they did not precisely reflect the market.

Tue, 03 Apr 2018 03:26:54 GMT

Walmart considers takeover of pharmacy start-up

Walmart was in early negotiations about a takeover deal for PillPack, an online start-up, which could support expansion of the giant's pharmacy offerings, according to sources familiar with the matter.

Tue, 03 Apr 2018 03:26:19 GMT

China's Xi Jinping to attend Boao forum

The Chinese Foreign Minister and State Councillor Wang Yi stated that the country's President Xi Jinping is set to attend Boao forum, which will be held next week, and deliver a speech.

Tue, 03 Apr 2018 01:59:29 GMT

Australian job ads remain flat in March

ANZ reported that the number of advertised jobs was flat last month, after dropping 0.4% in February.

Tue, 03 Apr 2018 01:54:37 GMT

AIG PMI for manufacturing sector hits 63.1

The AIG reported that its PMI for the Australian manufacturing sector rose to 63.1 in March from the prior month's 57.5.

Mon, 02 Apr 2018 19:52:10 GMT

Alibaba, SoftBank to invest $445M in Paytm E-Commerce

SoftBank Group and Alibaba are to jointly invest $445M in the Indian online retailer Paytm E-Commerce Pvt. Ltd., thus increasing its value to $1.9B.

Mon, 02 Apr 2018 19:51:41 GMT

Amber Baldet to resign as CEO of JPMorgan's blockchain unit

Amber Baldet, the CEO of JPMorgan's Blockchain Centre of Excellence, is to leave her position at the bank, the company announced on Monday.

Mon, 02 Apr 2018 19:10:00 GMT

US banking regulators ease real estate regulation

US banking regulators agreed on Monday to ease lending rules on commercial real estate and increase the threshold necessary for an independent property appraisal.

Mon, 02 Apr 2018 19:08:05 GMT

Bloomberg: Apple to produce its own chips by 2020

Apple Inc plans to start producing its own chips for Mac computers by 2020, thus replacing the ones currently manufactured by Intel, as reported by Bloomberg.

Mon, 02 Apr 2018 17:54:56 GMT

GE Healthcare to sell IT business for $1.05B

GE Healthcare is planning to sell its IT business to a private equity company Veritas Capital for an all-cash payment of $1.05B during the third quarter of 2018.

Mon, 02 Apr 2018 17:54:33 GMT

Tesla shares rebound after production report

Shares of Tesla Inc eased later on Monday, following a report that the company was producing 2,000 Model 3 sedans a week which is a considerable increase from 793 units last year.

Mon, 02 Apr 2018 17:03:52 GMT

Poll: Russia likely to increase FX purchases in April

Russia is expected to increase its foreign currency purchases in April in response to higher oil prices, a recent poll by Reuters showed on Monday.

Mon, 02 Apr 2018 17:03:04 GMT

Atlanta Fed raises GDP growth forecast for 1Q2018

The US economy is expected to grow at an annualised rate of 2.8% in 1Q2018, compared to the previous estimate of 2.4%, the Federal Reserve of Atlanta reported on Monday.

Mon, 02 Apr 2018 15:54:20 GMT

US construction spending disappoints in February

The US construction spending rose by 0.1% in February, compared to the estimated increase of 0.4%, caused primarily by a rapid decline in public infrastructure projects.

Mon, 02 Apr 2018 15:52:44 GMT

US technology stocks weaken on Monday

US technology stocks opened the session lower on Monday, with the worst performers being Tesla and Amazon.com.

Mon, 02 Apr 2018 15:04:38 GMT

Amazon shares plunge 4% after Trump's critic

Shares of the online retailer Amazon.com Inc fell 4% on Monday in the wake of the US President Donald Trump's newest criticism of its delivery pricing.

Mon, 02 Apr 2018 15:01:54 GMT

US Dollar falls amid US, China trade dispute

The US Dollar weakened against major currencies for the second consecutive session on Monday in response to the escalating trade dispute between the United States and China.

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