Category: Business

  • Dollar gains, metals wane as China grabs for monetary easing

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    LONDON  – The dollar stayed strong but metal markets buckled badly on Thursday, as signs that China was resorting to credit-fueled stimulus again and trade jitters helped drive its currency to a one-year low. Asian shares had struggled following the moves and Europe’s bourses were also in the red as traders banked some of the […]

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  • Google, hit with record $5 billion EU antitrust fine, to appeal

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    BRUSSELS  – EU antitrust regulators hit Google with a record 4.34 billion euro ($5 billion) fine on Wednesday and ordered it to stop using its Android mobile operating system to block rivals, a ruling which the U.S. tech company said it would appeal. The penalty is nearly double the previous record of 2.4 billion euros […]

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  • Farnborough Airshow: Aircraft sales to hit $6.3tn on China trade

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    China will pass the US as the biggest air travel market within 10-15 years, driving a big rise in aircraft sales, the world’s largest jet maker says. Boeing’s latest global industry report predicts airlines will need 42,700 aircraft over the next 20 years, up 3% on last year’s forecast. Boeing valued the sales at $6.3 […]

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  • FOREX-Dollar gains fade on China-EU summit, U.S. data eyed

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    SYDNEY, July 16  – The dollar eased a bit against most major currencies on positive trade talks between China and the European Union although softer economic data from China and Beijing’s escalating trade war with the United States tempered the enthusiasm. Chinese Premier Li Keqiang said on Monday the country will raise its market access […]

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  • Stores that will match Amazon’s Prime Day prices and those that won’t

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    Amazon.com will not be the only place to get Prime Day pricing. A few major chains say they plan to match the online giant’s low prices during the 36-hour members-only shopping extravaganza, which kicks off at 3 p.m. ET Monday. Bed Bath & Beyond, J.C. Penney, Lowe’s and JOANN Stores say they will match Amazon’s prices in most cases. […]

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  • S&P 500 at five-month high, but banks weigh after results

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    NEW YORK  – U.S. stocks rose slightly on Friday, putting the S&P 500 at its highest closing level in more than five months, as gains in industrials and other areas offset a drop in financials after results from three of the big banks mostly disappointed. The industrial sector gained 0.6 percent, with Boeing Co, Caterpillar […]

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  • U.S. lifts ban on suppliers selling to China’s ZTE

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    The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business. The Commerce Department removed the ban shortly after ZTE deposited $400 million in a U.S. bank escrow, as part of a settlement reached last month. The settlement also […]

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  • AMERICAN CRYOSTEM ANNOUNCES LAUNCH OF ATGRAFT™ IN CHINA

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    EATONTOWN,NJ April 12, 2018 American CryoStem Corporation (OTC: CRYO), a leading strategic application developer, marketer, global licensor of patented adipose tissue-based cellular technologies, for the Regenerative and Personalized Medicine industries, today announced  the national launch of CRYO’s ATGRAFTTM tissue collection, processing and storage technology by Baoxin Asia Pacific Biotechnology (Shenzhen) Co. Ltd. (“Baoxin”) in China. John Arnone, CEO and […]

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  • Uber executive Liane Hornsey resigns following discrimination probe

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    The resignation comes after an investigation into accusations from anonymous whistleblowers that Liane Hornsey, head of Uber’s human resources department and one of the firm’s top spokespeople on diversity and discrimination issues, had systematically dismissed internal complaints of racial discrimination. They alleged Hornsey had used discriminatory language and made derogatory comments about Uber Global Head […]

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  • Tesla goes big in China with Shanghai plant

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    SHANGHAI – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first factory outside the United States, that would double the size of the electric car maker’s global manufacturing. The deal was announced as Tesla raised prices on U.S.-made […]

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