DuPont (DD.N) said on Friday it would buy a unit of FMC Corp (FMC.N) and sell its crop protection business to the company to win European Union approval for its merger with Dow Chemical (DOW.N), and delayed the deal’s closing again. DuPont said its $130 billion merger with Dow Chemical, which was expected to close in the first half of 2017, is now anticipated to close between […]
With Adam Rawnsley Looking for a deal. Michael Flynn, President Donald Trump’s former national security adviser, has offered to be interviewed by the FBI and House and Senate investigators examining the Trump campaign’s potential ties to Russia, in exchange for immunity from prosecution, “but has so far found no takers,” according to the Wall Street Journal. In a statement on Thursday evening, Flynn’s lawyer Robert Kelner, […]
China’s factories stopped losing jobs in March for the first time in nearly five years as manufacturing activity grew at the fastest pace since 2012, according to an official gauge of the sector. The official purchasing managers’ index for China’s manufacturing sector came in at 51.8 in March, climbing further above the 50-point mark separating growth from contraction. But the biggest turnround came from a sub-index tracking […]
Friday 05.10 BST Overview Asian stocks were mostly positive on Friday as investors prepared to end a solid first quarter of 2017 and Wall Street closed in on record highs. Hot topic 1 South Africa’s rand was 1.2 per cent weaker in Asian trading in the wake of the nation’s finance minister, Pravin Gordhan, being dismissed on Thursday by President Jacob Zuma. The currency has shed a […]
Australia’s National Broadband Network (NBN) will be outdated before the rollout is even complete thanks to the company using fibre-to-the-node (FttN) network technology, according to the Australian Capital Territory government. Speaking in a submission to the Joint Standing Committee on the National Broadband Network, the ACT government said NBN should be deploying fibre-to-the-premises (FttP) infrastructure, pointing out that this is the preferred technology in New Zealand, France, […]
BEIJING China does not have any policy to devalue its currency to promote exports, Vice Foreign Minister Zheng Zeguang said on Friday, ahead of President Xi Jinping’s first meeting with U.S. President Donald Trump amid lingering tensions over trade. In a briefing, he said China does not seek a trade surplus with the United States. This is Xi’s first meeting with Trump, who assumed office Jan. 20, […]
By Nichola Saminather | SINGAPORE SINGAPORE The dollar extended its overnight gains in early Asian trade on Friday on signs of strong U.S. economic growth, while the euro inched up after sliding overnight on data suggesting slowing growth in Europe. Stock markets in Asia were off a bit despite solid gains on Wall Street as investors awaited China’s official manufacturing purchasing managers index data for March. The […]
Authored by James Holbrooks via TheAntiMedia.org, Adding fuel to an already highly combustible situation in Southeast Asia, Reuters reported Tuesday that China has “largely completed major construction of military infrastructure on artificial islands it has built in the South China Sea,” and that the Asian superpower “can now deploy combat planes and other military hardware there at any time.” Citing satellite imagery analyzed by the Asian Maritime […]
By Cynthia Kim and Ju-min Park | SEOUL SEOUL A South Korean court on Friday approved a warrant to arrest ousted president Park Geun-hye, the country’s first democratically elected leader to be thrown out of office, on accusations of bribery and abuse of power. Park can be held in a cell for up to 20 days while she is investigated over allegations that she colluded with a […]
There ends a third and perhaps final attempt to unite the London Stock Exchange Group and Deutsche Börse. Do they remain independent or prizes for rivals? One supposed reason for the deal was that without it both the LSE and Deutsche Börse viewed themselves as takeover targets. Now we are about to see whether that is truly the case. There are only three other global operators with bigger equity […]
Growth in trade between African nations looks promising, driven by demographics and growing Middle Class Narrative surrounding the continent still too negative, while work needs to be done to improve infrastructure Abu Dhabi, UAE, March 30, 2017: Industrialisation across Africa is being held back due to misperceptions about the risk of investing in the continent, according to a panellist at the Focus on Africa session held […]
CAPE TOWN, South Africa, March 30, 2017 The award-winning African Utility Week (www.African-Utility-Week.com ), taking place from 16-18 May in Cape Town, will showcase how the continent is coming up with innovative, home-grown solutions to its energy and water challenges and how these are creating exciting and lucrative opportunities for utilities and industry suppliers alike. Experts from respected partners in the industry such as the World Bank, […]
A previously-undisclosed security flaw in an older Windows web server won’t be patched, despite hundreds of thousands of servers still running the outdated software. The vulnerability in Windows Internet Information Services (IIS 6) web server has been remotely exploited since July last year, according to two security researchers at the South China University of Technology, who released a proof-of-concept exploit for the vulnerability on Github this week. […]
HANOI: Vietnam on Thursday criticised a U.S. State Department award to detained blogger and environmental activist Nguyen Ngoc Nhu Quynh, often referred to by her pen name, “Mother Mushroom”. Quynh, detained in October for anti-state propaganda, was one of 13 women worldwide to receive an International Women of Courage Award. The awards were presented by First Lady Melania Trump on Wednesday. Foreign ministry spokesman Le Hai Binh […]
TOKYO Japan is considering relaxing restrictions on visas for tourists from China, three people with direct knowledge of the matter said on Thursday, hoping to extend a tourism boom and lend support to consumer spending. Since Prime Minister Shinzo Abe took office in late 2012, his government has gradually eased visa requirements for Asian countries, pushing to a record high the number of inbound visitors and sparking […]
By Anthony Esposito | MEXICO CITY MEXICO CITY Mexico’s states are turning to Asia and beyond as some U.S. companies put investment plans on hold south of the border following President Donald Trump’s calls to bring jobs back home. A delegation of three Mexican state leaders, headed by the National Confederation of Governors (Conago), traveled to China this week to meet with business leaders and discuss investment […]
Thursday 08:35 BST What you need to know ● Stock markets mixed after Wall Street’s steady display● Shanghai Composite hits 6-week low amid liquidity concerns● Sterling holds above $1.24 as traders ponder Brexit implications● Dollar index above 100 as euro softens on ECB report● Oil prices add to Wednesday’s 2.1 per cent gain and gold dips——————- Hot topic Traders are keeping a wary eye on the action […]
The Tasman Global Access (TGA) submarine cable has been switched on, connecting New Zealand with Australia, thanks to a partnership between telecommunications carriers Telstra, Spark, and Vodafone. The $100 million 2,288km submarine cable, which extends from Ngarunui Beach in Raglan to Narrabeen Beach in Sydney, is made up of two fibre pairs with a total capacity of 20Tbps. Following construction, the cable was laid by Alcatel-Lucent Submarine […]
TOKYO Japan’s ruling party on Thursday urged Prime Minister Shinzo Abe’s government to consider acquiring the capability to hit enemy bases and to beef up missile defence, as North Korea defies U.N. sanctions with its nuclear and missile development. “North Korea’s provocations have reached a level where our country can by no means overlook them … We cannot afford to lose any time to bolster our ballistic […]
Authored by Konstantin Richter via Politico.eu, Last weekend, European leaders gathered in Rome for the 60th anniversary of the Treaty of Rome. They discussed, not for the first time, how to get the EU back on track. And they told each other they are still committed to the Union and believe in its future. (We’ve heard that one before, too.) But let’s just suppose that, when the […]
TOKYO Toyota Motor Corp (7203.T) on Thursday said it was recalling a total of about 2.9 million vehicles in Japan, China, Europe and other regions including its Corolla Axio sedan and RAV4 SUV crossover due to potentially faulty airbags. The Japanese automaker said that the latest recalls were part of a wider recall of airbags which use inflators made by Takata Corp (7312.T) ordered by global transport […]
The sleep revolution is not going to stop at the U.S. border. Now a few months out from its November debut, Arianna Huffington’s wellness startup, Thrive Global, is hiring additional journalists and preparing to expand to Italy, India and Eastern Europe. The expansions, joint ventures with Gruppo Espresso, The Times of India and The Antenna Group, respectively, fit into a strategy to “chronicle the culture shift around […]
● Zhang Feng, Chief Engineer, Ministry of Industry and Information Technology of the People’s Republic of China (MIIT), delivers keynote address at Global Manufacturing and Industrialisation Summit 29 March 2017● Zhang Feng, Chief Engineer, Ministry of Industry and Information Technology of the People’s Republic of China (MIIT), delivers keynote address at Global Manufacturing and Industrialisation Summit Abu Dhabi, UAE – Day one of the Global Manufacturing and […]
The commodities trading house Trafigura and a bank are testing blockchain as a way to settle deals in the US oil market, a sign of the potential for digital technology to change how barrels of crude are bought and sold. Blockchain is the electronic ledger originally built to underpin bitcoin markets. Promoters say it will lead to cheaper, more secure ways of settling all kinds of transactions, […]
