Date
22 February 2017

BUSINESS

  • OPEC’s top official has sought to allay speculation that a surge in US shale output could impact the oil cartel’s agreement to cut oil production. Addressing an oil conference in London Tuesday, OPEC Secretary-General Mohammed Barkindo...
  • Verizon Communications Inc. said it would buy Yahoo Inc.’s core business for US$4.48 billion, lowering its original offer by US$350 million in the wake of two massive cyber attacks at the internet company. The closing of...
  • The stock market meltdown two years ago saw numerous China and Hong Kong funds suffer badly. Following the debacle, fund managers were criticized for failing to book profits in time on the gains recorded earlier. Well,...
  • Chinese firms have emerged as big winners in the contest among foreign bidders for stakes in Abu Dhabi’s largest oil concession, grabbing a combined 12 percent of the venture. Bloomberg reports that Abu Dhabi National Oil Co. the...
  • Hong Kong Disneyland has reported a net loss of HK$171 million (US$22.03 million) for the fiscal year ending September 2016, posting back-to-back annual losses after a HK$140 million deficit in the previous year. In an announcement...
  • Liu Shiyu, chairman of the China Securities Regulatory Commission (CSRC), is known for being outspoken. Previously, he called insurers engaged in leveraged buyouts using inappropriate funds “barbarians” and “evil monsters”. Now he is declaring war on...
  • Alibaba Group Holding has entered into a strategic partnership with China’s Bailian Group, in the e-commerce giant’s latest tie-up with a traditional brick-and-mortar retailer. “The companies will leverage the power of big data to achieve integration...
  • Online retailer Amazon is set to create more than 5,000 jobs in Britain this year, boosting its investment in the country once more even as it prepares to leave the European Union. Amazon, along with other...
  • A New Zealand court ruled on Monday that internet entrepreneur Kim Dotcom could be extradited to the United States to face charges relating to his Megaupload website, which was shutdown in 2012 following an FBI-ordered raid...
  • China has seen various local governments unveil their economic growth targets in recent weeks. Among those that made their plans public, 11 provinces have aimed for a slower expansion pace this year while six have set...

WORLD

  • Emboldened by Donald Trump’s anti-China rhetoric on trade, American lawmakers are mounting efforts to tighten the government’s scrutiny of surging Chinese investment in the US, the Wall Street Journal reports. The efforts, which involve lawmakers from...
  • US President Donald Trump’s administration plans to consider almost all illegal immigrants subject to deportation but will leave protections in place for immigrants known as “dreamers” who entered the country illegally as children, according to official...
  • Malaysian authorities have yet to establish what was used to kill the estranged half-brother of North Korean leader Kim Jong Un, and the body had not been formally identified as no next of kin have come...
  • An ambulance service in Guangzhou has come in for scathing criticism in online forums in China following revelations that a paramedic sought cash “gifts” before transporting a patient to a hospital. According to mainland media, a...
  • In barely a month, US President Donald Trump has managed to spread chaos and uncertainty — and a degree of fear that would make any terrorist proud — at a dizzying pace. Not surprisingly, citizens and...

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