Dollar prices were little changed against the yen on Tuesday, with the market wary of potential North …
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The U.S. may be seeing a slew of Chinese firms making their debuts on Wall Street, but …
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Tech news
Alibaba invests $807 million for majority stake in logistics firm Cainiao
by Yomna Yasserby Yomna YasserChinese e-commerce giant Alibaba said Tuesday it paid an additional 5.3 billion yuan, or $807 million, to …
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German industrial group Siemens is likely to decide Tuesday to pursue a multibillion-dollar rail merger with French …
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Banks
China banned new cryptocurrency sales yet Macau company eyes $500 million in an ICO
by Yomna Yasserby Yomna YasserMacau gaming company Dragon Corp. is looking to raise half a billion dollars through an initial coin …
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Tech news
Huawei’s platform, ecosystem strategy speeds up digital transformation
by Yomna Yasserby Yomna YasserHuawei, and its Fortune Global 500 partners and customers showcased jointly-developed ICT solutions driving digital transformation at …
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Financial Institutions
Fitch seeing China’s first local government bond defaults, but timing uncertain
by Yomna Yasserby Yomna YasserChina may witness its first local government bond defaults, although the timing was uncertain, Fitch Ratings said …
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African countries believe the emergence of the BRICS is a symbol of hope for a better life. …
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Financial Institutions
S&P cuts China’s credit rating, citing increasing economic, financial risks
by Yomna Yasserby Yomna YasserS&P Global Ratings downgraded China’s long-term sovereign credit rating by one notch on Thursday to A+ from …
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Industry & Trade
China provides US$10 billion credit line for Iran’s banks
by Yomna Yasserby Yomna YasserA Chinese state-owned investment firm has provided a $10 billion credit line for Iranian banks, Iran’s central …