Monday, September 21, 2015

Global Business


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

NZ abandons plans for capital gains tax

Prime Minister Jacinda Ardern on Wednesday abandoned plans for a capital gains tax despite strongly backing it at the

US firms no longer 'positive anchor' for Beijing ties

Frustrated US businesses can no longer be counted on as a "positive anchor" in US-China relations, a top

India bans video sharing app Tiktok

The Indian government has ordered Google and Apple to take down the Chinese-owned Tiktok video app after a

PepsiCo results beat on boost from North American snacks

PepsiCo Inc reported first-quarter sales and profit above analysts' estimates on Wednesday, boosted by higher demand for its

China's economic growth steady amid tariff fight with US

China's economic growth held steady in the latest quarter

Extreme poverty falling, to end by 2031: Arun Jaitley

India's finance minister said on Monday fast economic growth and rapid urbanization would slash the number of people

China's policy stimulus may worsen economic distortions: OECD

China's stimulus measures will shore up economic growth this year and next but may undermine the country's drive

Swiss president to support Belt and Road push during China trip

Switzerland will sign an accord backing China's Belt and Road Initiative when President Ueli Maurer visits China this

Bank of America profit rises 6pc on growing loan book

Bank of America Corp reported a 6 percent rise in quarterly profit on Tuesday, as a growing loan

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