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LOS ANGELES: Chinese e-commerce giant Alibaba has agreed to pay $2.23 billion for a roughly 10% stake in Focus Media, the digital advertising company which operates screens in subways and elevators across China
LONDON: Vitol Group, the world’s largest independent oil trader, is among firms considering bids for Spanish oil company Cepsa Trading SA as its owner weighs alternatives to an initial public offering (IPO) planned for later this year, according to people familiar with the matter.
I WAS sitting with my wife in Peacock Theatre hall attending the graduation ceremony of my youngest child, Andrea, just a few days ago feeling proud of her achievement of a second upper grade (B.Science in Management) at London School of Economics.
KUALA LUMPUR: Malaysia Rail Link Sdn Bhd (MRL) has refuted recent reports which suggested that works on the East Coast Rail Link (ECRL) project were still going on despite the suspension order issued by the Finance Ministry.
BEIJING: U.S. President Donald Trump fired the biggest shot yet in the global trade war by imposing tariffs on $34 billion of Chinese imports, delivering on a promise to his political supporters that risks provoking retaliation and harming the world economy.
The decision to lift the ban in the kingdom - where once-forbidden cinemas and concerts have also returned - is expected to boost the economy. Saudi stocks rose nearly two percent on Sunday and insurance firms made solid gains, as demand from women is expected to boost the automotive sector.
SHANGHAI: China responded vigorously in state media on Saturday after the administration of U.S. President Donald Trump said it would impose tariffs on $50 billion of Chinese imports, but some commentary left room for further negotiations.