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Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing

May 14, 2016 by · Leave a Comment 

Apple Inc said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market. Apple is trying to reinvigorate

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Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing

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Panama airport places $575 million bond after probe hits issue

May 14, 2016 by · Leave a Comment 

Panama City's main airport said on Friday it had successfully placed a $575 million bond after a company forming a major source of income for the hub became embroiled in a money-laundering probe, prompting the issue to be restructured. Originally earmarked for $625 million, the bond for Tocumen International Airport was pared back after the U.S. Treasury Department accused members of the Waked family of running a money laundering…

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Panama airport places $575 million bond after probe hits issue

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China orders banks to clear hurdles slowing private sector lending: sources

May 14, 2016 by · Leave a Comment 

SHANGHAI, May 14 (Reuters) – – China's banking regulator has sent an urgent notice to banks telling them to clear bottlenecks slowing lending to private firms, sources with direct knowledge told Reuters, highlighting rising concern in Beijing about torpid private investment. Chinese banks sharply cut new lending in April after a record first-quarter credit spree, much of which appeared to go to the state sector and may have helped inflate asset bubbles in real estate and commodities. According to the document seen by Reuters, the China …

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China orders banks to clear hurdles slowing private sector lending: sources

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Exclusive: Warren Buffett, Quicken Loans founder in Yahoo bid – sources

May 14, 2016 by · Leave a Comment 

While there is no certainty that the consortium will prevail in the auction, the interest of Buffett and Gilbert is a boost for the Sunnyvale, California-based company, which has been surpassed in recent years by…

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Exclusive: Warren Buffett, Quicken Loans founder in Yahoo bid – sources