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Oil slips on jitters over U.S.-China trade talks progress

Oil prices fell on Monday on renewed caution over the prospects of a trade deal between the United States and China, with investors shrugging off comments over the weekend by U.S. President Donald Trump that talks were going well. Brent crude was down 39 cents, or 0.6%, at $62.12 by 0117 GMT. U.S. crude was 35 cents, or 0.6%, lower at $56.89 a barrel, having risen 1.9% last week. …read more […]

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CORRECTED-Alibaba Singles' Day sales hit 84 billion yuan in first hour

Chinese e-commerce giant Alibaba Group Holding Inc said on Monday that sales for its annual Singles’ Day shopping blitz hit 84 billion yuan ($12 billion) within the first hour, up 22% from last year’s early haul of 69 billion yuan. Akin to Black Friday and Cyber Monday in the United States, Singles’ Day has been promoted as a shopping fest by Alibaba Chairman and Chief Executive Daniel Zhang since 2009, growing rapidly to become the world’s biggest online sales event. …read more […]

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Apple co-founder says Apple Card algorithm gave wife lower credit limit

The criticism started on Thursday, after entrepreneur David Heinemeier Hansson railed against the Apple Card in a series of Twitter posts, saying it gave him 20 times the credit limit his wife received. The much anticipated titanium credit card, part of a broader effort by Apple to derive greater revenue from services after years of heavy reliance on iPhone sales, was launched in August, in partnership with Goldman Sachs Group Inc . …read more […]

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Asian shares pick up on U.S.-China trade deal hopes

Asian shares edged higher on Monday after U.S. President Donald Trump said over the weekend that trade talks with China were moving along “very nicely”, though uncertainty remained over whether a deal would be signed this year. Trump told reporters on Saturday that talks with China had moved more slowly than he would have liked, but added that Beijing wanted a deal more than he did. “Despite his bluster that ‘China wants a trade deal more than I do’, markets sense that Trump is likely quite keen to call a truce on what is becoming a serious U.S. …read more […]

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CORRECTED-UPDATE 1-Alibaba Singles' Day sales hit $12 billion in first hour

Chinese e-commerce giant Alibaba Group Holding Inc said on Monday that sales for its annual Singles’ Day shopping blitz hit 84 billion yuan ($12 billion) within the first hour, up 22% from last year’s early haul of 69 billion yuan. Akin to Black Friday and Cyber Monday in the United States, Singles’ Day has been promoted as a shopping fest by Alibaba Chairman and CEO Daniel Zhang since 2009, growing rapidly to become the world’s biggest online sales event. Alibaba saw sales worth $30 billion on its platforms on Singles’ Day last year, dwarfing $7.9 billion U.S. online …read more […]

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米マクドナルド:CEO交代後の経営課題

Nov.10 — 米マクドナルドは、会社の方針に反して従業員と合意に基づく関係を持っていたとして、スティーブ・イースターブルック最高経営責任者(CEO)を解任、クリス・ケンプチンスキー氏が社長兼CEOに昇格した。モーニングスターのアナリスト、R・J・ホットビー氏がCEO交代後の経営課題をブルームバーグTVで語る。聞き手はテイラー・リッグス。 …read more […]

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China’s Inflation Dilemma Sharpens as Trump Sows Doubts Over Trade Deal

Nov.10 — Rapid rising food costs coupled with tumbling factory prices is threatening to bind China’s policy makers. This comes just as President Trump sows doubts about the prospects of a trade deal. Bloomberg’s Tom Mackenzie reports on “Bloomberg Daybreak: Australia.” …read more […]

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Bolivian President Morales Resigns

Nov.10 — South America’s longest-serving president has resigned after election irregularities triggered weeks of violent clashes and intervention from armed forces. Evo Morales claims he’s the victim of a coup. Bloomberg’s Matthew Bristow reports on “Bloomberg Daybreak: Asia.” …read more […]