Date
22 June 2017

BUSINESS

  • Banks in China have been ordered to investigate loans made to the country’s top overseas deal makers, the Wall Street Journal reports. These include Anbang Insurance Group Co., HNA Group, Fosun International Ltd. (0656.HK) and Wanda Group. ...
  • Perception can be quite deceiving. Nokia’s exit from the mobile phone business and Samsung’s battery explosion saga might have left investors with the impression that the two are goners, but the truth is, both companies are...
  • Oil prices ended down more than 2 percent on Wednesday after hitting a 10-month low in volatile trade, as growing US production and reduced Chinese refinery activity fed mounting concern over the stubborn global crude glut,...
  • Diageo Plc has agreed to buy George Clooney’s high-end tequila brand Casamigos in a deal valuing it at up to US$1 billion, as the world’s largest spirits maker seeks to boost its presence in a high-growth...
  • While stories like JD’s record sales in its June 18 shopping festival always grab the headlines, apart from the online shopping boom, rosy prospects in hardware such as Artificial Intelligence (AI) and Internet of Things (IoT)...
  • When restaurants charge you more at dinner than at lunch, is that a form of “price discrimination”? Not necessarily. If the restaurant serves a full house every night, but sees only a few tables filled at...
  • Uber Technologies Inc. chief executive Travis Kalanick, co-founder one of the most influential technology companies of its generation, has resigned under mounting pressure from investors over his leadership, Reuters reports. Kalanick’s departure caps a tumultuous period...
  • China’s entry into the MSCI global indices is a historic milestone. The MSCI inclusion is small, but slightly higher than expected. China’s efforts in re-regulating stock trading suspension, the expansion of the Stock Connect scheme and...
  • Wang Shi, the founder and chairman of real estate developer China Vanke Co. Ltd. (02202.HK, 000002.CN), said he will step down from the board after a years-long power struggle saw the company fall under state control, Reuters reports....
  • You may not have noticed it, but FIFA’s Confederations Cup has just kicked off in Russia. The Confed Cup, as it is commonly called, is the football world governing body’s prelude to its staging of the...

WORLD

  • Banks in China have been ordered to investigate loans made to the country’s top overseas deal makers, the Wall Street Journal reports. These include Anbang Insurance Group Co., HNA Group, Fosun International Ltd. (0656.HK) and Wanda Group. ...
  • A public–private partnership (PPP) project in China to build a futuristic “straddling bus”, a vehicle that would cruise over the top of cars and help resolve urban traffic woes, has officially been scrapped. The Transit Elevated...
  • Islamic State militants blew up the Grand al-Nuri Mosque of Mosul and its famous leaning minaret, Reuters reports, citing an Iraqi military statement, as Iraqi forces seeking to expel the group from the city closed in...
  • German prosecutors said they were investigating a 14-year-old boy suspected of shooting plastic bullets from a toy gun at the King of Thailand who was cycling near Munich late one evening earlier this month. The king...
  • The United States pressed China to exert more economic and diplomatic pressure on North Korea to help rein in its nuclear and missile programs during a round of high-level talks in Washington on Wednesday. The meeting...

 

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