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Updated: 9 hours 38 min ago

Apple supplier Salcomp to invest $279 million in new Indian plant

Mon, 11/25/2019 - 19:32
Finland's Salcomp, a supplier to U.S. tech group Apple, is to invest 20 billion rupees ($278.67 million) in India to make mobile chargers and other smartphone components from March 2020, the country's technology minister said on Monday.

China and U.S. 'very close' to phase one trade deal: Global Times

Mon, 11/25/2019 - 19:26
China and the United States are very close to a "phase one" trade deal, the Global Times, a tabloid run by the ruling Communist Party's official People's Daily, said on Monday, discounting "negative" media reports.

China central bank warns high financial risks amid rising economic headwinds

Mon, 11/25/2019 - 18:25
China needs to resolve outstanding financial risks, and must counter risks from "abnormal" market fluctuations that stem from external shocks, said the central bank on Monday, as Beijing prioritises financial stability amid increasing challenges.

Chubb to buy stake in China's Huatai Insurance for $1.53 billion

Mon, 11/25/2019 - 18:25
Insurer Chubb Ltd said on Monday it could buy an additional 22.4% stake in Chinese insurer Huatai Insurance Group Co Ltd for 10.8 billion yuan ($1.53 billion).

Gold dips as trade deal optimism benefits riskier assets

Mon, 11/25/2019 - 18:23
Gold edged down to a one-week low on Monday after the United States and China expressed willingness to sign an initial trade deal by year-end, boosting market sentiment and driving investors to higher-risk assets.

Malaysia's Khazanah sells stakes worth $1.4 billion, including in Alibaba

Mon, 11/25/2019 - 18:04
Malaysia's sovereign wealth fund Khazanah Nasional Bhd has sold stakes worth 5.66 billion ringgit ($1.36 billion) in seven foreign firms including Alibaba Group Holding Ltd in the first 16 months of the current government, a minister said.

Saudi Aramco won't breach maximum weight for firms in Saudi index: Argaam

Sun, 11/24/2019 - 21:44
Saudi Aramco's weighting in Saudi Arabia's main stock index once the oil giant has listed shares is not expected to breach the maximum limit set by the Gulf kingdom's Tadawul exchange, a senior executive said on Sunday.

France's LVMH nears deal to buy U.S. jewelry chain Tiffany for about $16.3 billion - sources

Sun, 11/24/2019 - 21:41
French luxury group LVMH is nearing a deal to buy U.S. jewelry chain Tiffany & Co for about $16.3 billion, sources familiar with the matter told Reuters on Sunday.

Canadian banks set to report slowest earnings growth since crisis on 'confluence of headwinds'

Sun, 11/24/2019 - 21:15
Canadian banks this week are gearing up to report their slowest annual earnings growth since the global financial crisis, as analysts and investors brace for another challenging profit season due to tougher economic conditions.

Led by high tech, Israeli exports to hit record of $114 billion in 2019

Sun, 11/24/2019 - 21:13
Israel's exports, a key economic growth driver, are expected to grow to a record $114 billion in 2019 from $109 billion last year, government data showed on Sunday.

Amazon to open store on China's Pinduoduo marketplace on Nov. 25: source

Sun, 11/24/2019 - 21:12 Inc will open a store on Chinese e-commerce platform Pinduoduo on Monday, a source familiar with the matter said, in a sign of how the U.S. firm's China strategy is evolving after it shut its own online store in the country.

Japanese hotel group Unizo gets six new buyout offers

Sun, 11/24/2019 - 21:12
Japanese hotel operator Unizo Holdings said on Sunday it had received six more buyout offers at a price competitive with an existing $1.6 billion bid proposed by Blackstone Group.

Namibian court denies former fisheries minister bail in corruption case

Sun, 11/24/2019 - 17:46
A Namibian court denied the former Minister of Fisheries Bernhardt Esau bail on Sunday, following his arrest on Saturday alongside a former senior manager of investment firm Investec on charges of corruption.

Saudi Aramco markets IPO in Dubai after approaching Kuwait fund

Sun, 11/24/2019 - 17:01
Saudi Aramco met investors in Dubai on Sunday to market its initial public offering (IPO), after trying to secure demand from Kuwait's sovereign wealth fund for the deal, worth up to $25.6 billion, which relies heavily on local and regional buyers.

Still hope for U.S.-China deal this year - U.S. official

Sun, 11/24/2019 - 08:52
United States national security adviser Robert O'Brien said on Saturday that an initial trade agreement with China is still possible by the end of the year, but warned Washington would not turn a blind eye to what happens in Hong Kong.

Elon Musk: About 150,000 orders thus far for Tesla Cybertruck

Sun, 11/24/2019 - 08:48
Tesla Inc Chief Executive Elon Musk said on Saturday that there have been about 150,000 orders thus far for the electric carmaker's Cybertruck, which was unveiled late on Thursday.

Italy to restart talks with ArcelorMittal over ailing Ilva steel plant

Sun, 11/24/2019 - 08:43
Steelmaker ArcelorMittal has agreed to immediately restart talks with the Italian government over the future of the Ilva plant, Prime Minister Giuseppe Conte said after a four-hour meeting with the company.

Canada's use of Huawei 5G would hamper its access to U.S. intelligence - U.S. official

Sun, 11/24/2019 - 08:23
The U.S. national security adviser urged Canada on Saturday not to use Huawei 5G technology, saying that doing so would put in jeopardy intelligence sharing with the United States and expose Canadians to being profiled by the Chinese government.

Argentina creditors jockey for lead ahead of $100 billion debt talks

Sat, 11/23/2019 - 23:02
By Karin Strohecker, Marc Jones, Rodrigo Campos and Cassandra Garrison

How jihadists struck gold in Africa's Sahel

Sat, 11/23/2019 - 23:01
People around Pama, a West African town on the edge of vast forested conservation areas, had long been forbidden by their government to dig for gold in the reserves, to protect antelope, buffalo and elephants.