Business & Finance News
Saudi Arabia plans to develop a $2 billion solar and carbon black integrated complex in partnership with China’s Longi and South Korea’s OCI, a Saudi official said.
Newmont Mining Corp said on Monday that it would buy smaller rival Goldcorp Inc in a deal valued at $10 billion, creating the world’s biggest gold producer by output.
Brazilian planemaker Embraer said in a securities filing on Monday that its cash boost from a potential sale of 80 percent of its commercial aviation business to Boeing is still to be determined.
Singapore’s CapitaLand is forking out S$6 billion ($4.4 billion) to scoop up logistics and industrial assets from state investor Temasek, in a deal the developer said would create Asia’s largest real estate investment manager.
Gold miner Newmont Mining Corp said on Monday that it would buy smaller rival Goldcorp Inc in a deal valued at $10 billion.
China’s customs said on Monday that the biggest worry in trade this year is external uncertainty and protectionism, forecasting the country’s trade growth may slow in 2019.
China’s exports unexpectedly fell the most in two years in December, while imports also contracted, pointing to further weakness in the world’s second-largest economy in 2019 and deteriorating global demand.
China on Monday urged countries to end “fabrications” about Huawei, after an official in Poland said his country could limit the use of the company’s products by public entities following the arrest of a Huawei employee there on spying allegations.
World stock markets stumbled and commodities took a hit on Monday after a shock contraction in Chinese trade pointed to deepening cracks in the world’s second-biggest economy and sparked fresh fears of a sharper slowdown in global growth.
Singapore’s CapitaLand is paying S$6 billion ($4.4 billion) to scoop up logistics and industrial assets from state investor Temasek, in a deal that the developer said would create Asia’s largest real estate investment manager.
Car makers in China will face more fierce competition this year, after a tough 2018 when the world’s biggest auto market contracted for the first time in more than two decades, the country’s top auto industry association said on Monday.
The wife of ousted Nissan Motor Co Ltd chairman Carlos Ghosn has urged New York-based Human Rights Watch to draw attention to his “harsh treatment” during detention in a Japanese jail, a letter seen by Reuters showed on Sunday.
The U.S. Federal Reserve is wary of giving “fintech” firms such as OnDeck Capital Inc or Kabbage Inc. access to the country’s financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold.
Pachinko tycoon Kazuo Okada has asked the Philippine Stock Exchange (PSE) to block the proposed listing of Universal Entertainment Corp’s domestic unit, saying the Japanese gaming company has no authority to proceed with the plan.
Asian shares and U.S. stock futures skidded on Monday after a shock contraction in Chinese exports pointed to deepening cracks in the world’s second-biggest economy and raised fears of a sharper slowdown in global growth and corporate profits.
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