Monday, September 21, 2015

Global Business


The International Monetary Fund board on Friday approved an $118.2 million credit that will be rushed out for

Malaysia revives massive China-backed project

Malaysia will revive a $34 billion Chinese-backed transport and property development that was abandoned in 2017 the prime

Uzbekistan, S.Korea sign deals worth $12bn during Moon visit

South Korean President Moon Jae-in on Friday signed deals worth $12 billion with Uzbekistan during a week-long tour

Hundreds sign online petition supporting woman suing CEO in rape case

Hundreds of people have added their names to an online petition in support of a University of Minnesota

Putin invites French businesses to take part in Russia's national projects

Russian President Vladimir Putin at a meeting with French business delegates on Thursday reviewed the opportunities participation in

Turkey FM understands NATO concern

Turkish Foreign Minister Mevlut Cavusoglu said on Friday that Turkey understands NATO's concerns over its procurement of the

Abuse of US dollar status will adversely affect this currency

The unreliability of the American currency is evident in the conditions that have emerged on world markets as

China to complete $545mn modernization for Tajik smelter

China's state-owned engineering company CMEC will modernize Tajikistan's flagship aluminum smelter in a $545 million deal, a representative

US home construction continues to fall in March

New home building dipped again in March after plunging in February, with declines in single-family and apartment construction

US refiners planning major plant overhauls

US oil refiners are planning a heavy slate of plant overhauls in the second quarter, with total production

Amazon plans to shut online store in China

Amazon plans to shut its online store in China that allows shoppers to buy from local sellers as

Uber's self-driving unit valued at $7.25 billion

Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving

China will keep supporting economy as 'pressure' lingers

China will maintain policy support for the economy, which still faces "downward pressure" and difficulties after better-than-expected first

Nissan slams output cut report as 'completely incorrect'

Nissan Motor Co Ltd said on Friday a report by the Nikkei that it would slash production this

Foxconn commitment to Wisconsin long term

Taiwan's Foxconn said on Friday it remains committed to its contract to build a display plant and tech

ConocoPhillips sells off UK North Sea assets for £2bn

ConocoPhillips is pulling out of UK exploration and production after selling its North Sea oil and gas assets

Pinterest valued at $12.7 billion in IPO

Pinterest Inc's initial public offering set the online scrapbook company's valuation at $12.7 billion on Wednesday, above its

China to lure more foreign investments

China aims to attract more foreign investment in its bonds and stocks as the country further opens up its

Google lets Android users choose browsers

Users of Android devices will be able to choose their browsers and search engines from five options starting on

Huawei signs for creation of first 5G smart hotel

InterContinental Shenzhen, Shenzhen Telecom and Huawei signed a strategic cooperation agreement to create the world's first 5G smart

Asian markets in retreat ahead of Easter break

Asian markets fell Thursday as investors in most countries wound down going into the long Easter break, with

China's economic growth steady amid tariff fight with US

China's economic growth held steady in the latest quarter despite a tariff war with Washington, in a reassuring sign

Apple, Qualcomm settle bitter dispute over iPhone technology

Apple and mobile chip maker Qualcomm have settled a bitter financial dispute centered on some of the technology

Asian markets mostly up after positive China data

Asian markets mostly rose Wednesday as data showed China's economy grew more than expected in the first three

US handbags, shovels on $20b EU tariff list over Boeing

Handbags, tractors, shovels and fish are part of an 11-page list of US imports worth $20 billion that

Germany set to further slash growth forecast

Berlin is set to further lower its economic growth forecast Wednesday as Europe's largest economy cools off, but ministers

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