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AmCham says nearly 70% of US firms in China oppose tariffs

AmCham says nearly 70% of US firms in China oppose tariffs

CLOSE to 70 percent of US companies doing business in China opposed tariffs, according to a survey by the American Chamber of Commerce in Shanghai. The survey also pointed out that most US companies ...

Huang Yixuan | July 13, 2018, Friday


Auto duties may kill American jobs

Auto duties may kill American jobs

Hyundai Motor Co’s labor union said yesterday that steep auto tariffs the US is considering could cost tens of thousands of American jobs, echoing concerns of the global auto industry as spiraling trade...

July 13, 2018, Friday


HK favored for mainland tech IPOs to list

HK favored for mainland tech IPOs to list

EIGHT firms, including several Chinese tech startups, started trading in the Hong Kong market yesterday, cementing the city as a destination for mainland technology initial public offerings. Inke, a ...

Zhu Shenshen | July 13, 2018, Friday


Aihuishou gets US$150m in latest funding

Aihuishou gets US$150m in latest funding

AIHUISHOU, an online second-hand consumer electronics trading platform, said yesterday that it raised US$150 million in the latest round of financing, giving the company a market value of US$1.5 billion. Tiger ...

Rich Zhu | July 13, 2018, Friday


UK gives nod for Fox to buy Sky

UK gives nod for Fox to buy Sky

Britain yesterday cleared the way for Rupert Murdoch’s 21st Century Fox to take full control of pan-European TV giant Sky after Fox agreed to address media plurality concerns. Despite the clearance, ...

July 13, 2018, Friday


Racial slur kicks out Papa John’s founder

Racial slur kicks out Papa John’s founder

Pizza chain Papa John’s International Inc said on Wednesday its founder and former chief executive, John Schnatter, resigned as chairman of the board.The company said Olivia Kirtley would act as lead ...

July 13, 2018, Friday


Accounting fraud to be looked into

Accounting fraud to be looked into

SOUTH Korea’s financial regulator said yesterday it had found intentional breaches of accounting rules at Samsung Biologics, the drugmaking unit once seen as Samsung’s future growth engine. The Financial ...

July 13, 2018, Friday


Central SOEs see profit rise

Central SOEs see profit rise

China’s centrally-administered state-owned enterprises reported fast profit growth in the first half of the year with a lower debt-asset ratio, data showed yesterday....

July 13, 2018, Friday


Mainland sees FDI increase 1.1% in H1

Mainland sees FDI increase 1.1% in H1

Foreign direct investment into the Chinese mainland rose 1.1 percent year on year to 446.29 billion yuan (US$66.9 billion) in the first six months of 2018, official data showed yesterday....

July 13, 2018, Friday


Second C919 begins intensive flying tests

Second C919 begins intensive flying tests

THE second prototype of China’s domestically made narrow-body passenger aircraft, the C919, completed its first long-distance flight yesterday. The single-aisle aircraft, labeled No. 102, took off from ...

Yang Jian | July 13, 2018, Friday


Murdoch’s Fox raises offer for UK’s Sky in bid to fend off rival Comcast

Murdoch’s Fox raises offer for UK’s Sky in bid to fend off rival Comcast

Rupert Murdoch’s 21st Century Fox has raised its offer for Britain’s Sky in an agreed deal valuing the pay-TV group at US$32.5 billion, seeing off rival bidder Comcast for now....

July 12, 2018, Thursday


Uber HR head quits on handling of alleged racism

Uber HR head quits on handling of alleged racism

Uber Technologies Inc’s Chief People Officer Liane Hornsey resigned in an email to staff on Tuesday, following an investigation into how she handled allegations of racial discrimination at the ride-hailing...

July 12, 2018, Thursday


US sees producer prices rise in June

US sees producer prices rise in June

US producer prices increased slightly more than expected in June amid gains in the cost of services and motor vehicles, leading to the biggest annual increase in 6-1/2 years. The report published by ...

July 12, 2018, Thursday


Shanghai’s pre-owned housing market stable

Shanghai’s pre-owned housing market stable

SALES of pre-occupied homes stayed above the 15,000-unit threshold in Shanghai for the second straight month, while the existing housing index continued to fall, according to recent market data. The ...

Cao Qian | July 12, 2018, Thursday


Over 90% of 100 measures to be applied by year-end

Over 90% of 100 measures to be applied by year-end

SHANGHAI expects to implement over 90 percent of the newly-released 100 measures aimed at promoting opening up by the end of 2018. The city will ensure that the 100 measures, which it unveiled on Tuesday, ...

Huang Yixuan | July 12, 2018, Thursday




 

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