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Japan books first trade deficit in eight months

Japan books first trade deficit in eight months

They logged a trade deficit in January, the first negative figure in eight months, as imports of fossil fuel overwhelmed the revenue from exports. TOKYO: Japan logged a trade deficit in January, the first negative figure in eight months, as imports of fossil fuel overwhelmed the revenue from exports, government data showed Monday. The world’s […]

February 19, 2018 | By | Reply More
Qualcomm should negotiate with Broadcom on a deal, ISS says

Qualcomm should negotiate with Broadcom on a deal, ISS says

WASHINGTON: Broadcom Ltd’s bid for Qualcomm Inc is a good place to start negotiations between the two companies on what would be the biggest deal in the history of technology, according to Institutional Shareholder Services Inc. The influential proxy adviser, though, stopped short of recommending that Qualcomm shareholders vote for the current offer of US$82 […]

February 18, 2018 | By | Reply More
China warns it may retaliate if US imposes metal tariffs

China warns it may retaliate if US imposes metal tariffs

BEIJING: China said proposed US tariffs on imported steel and aluminium products are groundless and that it reserves the right to retaliate if they are imposed. The US recommendations, unveiled by the Commerce Department on Friday, aren’t consistent with the facts, Wang Hejun, chief of the trade remedy and investigation bureau at China’s Ministry of […]

February 17, 2018 | By | Reply More
Uber plans to sell Southeast Asia business to Grab, says CNBC

Uber plans to sell Southeast Asia business to Grab, says CNBC

SAN FRANCISCO: Uber Technologies is preparing to sell its Southeast Asia ride-hailing business to Singapore-based Grab in return for a substantial stake in the company, CNBC reported, citing two sources familiar with the matter. No deal has been reached yet and the timing of any deal is uncertain, the report said. Reuters reported in November […]

February 17, 2018 | By | Reply More
Qualcomm says open to talks with Broadcom for better offer

Qualcomm says open to talks with Broadcom for better offer

But Qualcomm reiterates that Broadcom’s promised breakup fee of US$8 billion in the event regulators thwart the deal did not come close to compensating for risks related to the deal. SAN DIEGO: Qualcomm Inc is open to discussing a buyout offer from Broadcom Ltd that “reflects the true value” of the chipmaker and better addresses […]

February 16, 2018 | By | Reply More
Renault’s Ghosn pledges `irreversible’ alliance with Nissan

Renault’s Ghosn pledges `irreversible’ alliance with Nissan

PARIS: Renault SA’s Carlos Ghosn pledged to cement the French automaker’s partnership with Nissan Motor Co and Mitsubishi Motors Corp after agreeing to stay on as chairman and CEO for the next four years. The companies will come up with a plan to “make the alliance irreversible” during his new term, Ghosn said Friday after […]

February 16, 2018 | By | Reply More
Walmart in talks to buy more than 40% of India’s Flipkart, say sources

Walmart in talks to buy more than 40% of India’s Flipkart, say sources

MUMBAI: Walmart Inc is in talks to purchase a stake of more than 40% in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia’s third-largest economy, two sources familiar with the matter said on Friday. In what would be one of its biggest overseas deals, the US retailer is looking at buying […]

February 16, 2018 | By | Reply More
Ex-Lehman banker sees gold mine in India bankruptcy overhaul

Ex-Lehman banker sees gold mine in India bankruptcy overhaul

HONG KONG: Edwin Wong, the chief investment officer of Hong Kong-headquartered SSG Capital Management and an ex-Lehman Brothers Holdings Inc banker, sees a multitude of opportunities in India as the nation pushes ahead with a bankruptcy system overhaul. There was further evidence of that this week, with the Reserve Bank of India introducing a timeline […]

February 16, 2018 | By | Reply More
Japan’s cryptocurrency industry to launch self-regulating body, say sources

Japan’s cryptocurrency industry to launch self-regulating body, say sources

It is expected to emerge as early as April, and is a merger of two industry groups. TOKYO: Japan’s two cryptocurrency industry groups are planning to merge to form a self-regulating body, seeking to better safeguard investors after last month’s $530 million heist of digital money, sources involved in the negotiations said. The Japan Blockchain […]

February 16, 2018 | By | Reply More
Think Dubai is more expensive than Cairo? Look at stocks

Think Dubai is more expensive than Cairo? Look at stocks

DUBAI: Visitors to Dubai and Cairo will agree that buying most things on the streets of the Egyptian capital is a lot cheaper than in the Middle East’s business hub. Not stocks though. Since turning cheaper than peers in the EGX 30 Index in November, equities on the Dubai Financial Markets General Index are showing […]

February 15, 2018 | By | Reply More