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Tesla removes ‘autopilot’ from China website after Beijing crash
August 15, 2016 by publisher · Leave a Comment
By Jake Spring and Alexandria Sage SHANGHAI/SAN FRANCISCO (Reuters) – Tesla removed the word “autopilot” and a Chinese term for “self-driving” from its China website after a driver in Beijing who crashed in “autopilot” mode complained that the car maker…
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Tesla removes ‘autopilot’ from China website after Beijing crash
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China’s July forex reserves fall to $3.20 trillion
August 7, 2016 by elegant · Leave a Comment
China's foreign exchange reserves fell to $3.20 trillion in July, central bank data showed on Sunday, in line with analyst expectations. China's reserves, the largest in the world, fell by $4.10 billion in July. The reserves rose $13.4 billion in June, rebounding from a 5-year low in May. China's
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China’s July forex reserves fall to $3.20 trillion
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U.S. authorities subpoena Goldman in 1MDB probe: WSJ
July 31, 2016 by publisher · Leave a Comment
Goldman received the subpoenas earlier this year from the U.S. Department of Justice (DoJ) and the Securities and Exchange Commission (SEC), the Journal reported, citing a person familiar with the matter. The authorities also want to interview current and former Goldman employees in connection with the inquiries, but none of those meetings had occurred by Friday, WSJ said. The Department of Justice and the SEC
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U.S. authorities subpoena Goldman in 1MDB probe: WSJ
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UK and China regulators discuss framework for financial projects
July 31, 2016 by elegant · Leave a Comment
British and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial services projects between the countries, sources said, easing fears that Britain could be a less attractive partner for such deals after last month's vote to…
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UK and China regulators discuss framework for financial projects
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AB InBev clears China hurdle in SABMiller takeover deal
July 29, 2016 by publisher · Leave a Comment
BRUSSELS/BEIJING (Reuters) – Brewer Anheuser-Busch InBev cleared a major hurdle toward its takeover of SABMiller with regulatory approval from China on Friday, leaving the acquisition's future in the hands of the British company's board. China's ministry of commerce
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AB InBev clears China hurdle in SABMiller takeover deal
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G20 will use ‘all policy tools’ to lift growth as Brexit weighs
July 24, 2016 by creative · Leave a Comment
By William Schomberg and Elias Glenn CHENGDU, China (Reuters) – The world's biggest economies will work to support global growth and better share the benefits of trade, policymakers said on Sunday after a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism. Philip Hammond, Britain's new finance minister, said the uncertainty about Brexit would begin to abate once Britain laid out a
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G20 will use ‘all policy tools’ to lift growth as Brexit weighs
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Apple weathers anti-U.S. demo in China, where patriotic protests snowball
July 24, 2016 by publisher · Leave a Comment
Apple Inc found itself on the receiving end of a small, short-lived anti-U.S. protest this week in China, the tech firm's biggest overseas market and a country where foreign firms have suffered damaging boycotts following international spats. A handful of unofficial Apple stores were picketed and social …
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Apple weathers anti-U.S. demo in China, where patriotic protests snowball
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Pfizer to invest $350 million in China biotech hub, first in Asia
June 28, 2016 by creative · Leave a Comment
Pfizer Inc will invest $350 million to build a biotech center in China, the latest in a series of moves by pharma industry giants to set up shop in the world's no. 2 drugs market with the aim of securing faster approvals for their products. The facility in eastern Hangzhou region – Pfizer's first biotech center in Asia – is expected to be completed by 2018, the firm said in a statement on Tuesday. Global “Big Pharma” is increasingly looking for smart ways to tap China's healthcare market…
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Pfizer to invest $350 million in China biotech hub, first in Asia
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Airbnb gets $1 billion debt facility from U.S. banks: source
June 16, 2016 by admin · Leave a Comment
(Reuters) – Apartment-sharing startup Airbnb Inc has secured a $1 billion debt facility from some big U.S. banks to aid its new services and finance its expansion plans, a source close to the company said. JPMorgan , Citigroup Inc , Morgan Stanley and Bank of America Corp led the debt deal, the source said. Airbnb, which expects to achieve profitability in 2016, raised over $100 million in a round of funding late last year. Bloomberg reported the funding deal earlier on Wednesday. (http://bloom. …
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Airbnb gets $1 billion debt facility from U.S. banks: source
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Brexit helped keep Fed on hold, could slow future U.S. rate rises
June 16, 2016 by elegant · Leave a Comment
Federal Reserve Chair Janet Yellen left U.S. interest rates unchanged on Wednesday, citing slow jobs gains, tepid growth and low inflation – and an impending vote in Britain on whether to quit the European
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Brexit helped keep Fed on hold, could slow future U.S. rate rises