Posted inStock
Futures lower in holiday-thinned trading
(Reuters) – U.S. stock index futures were lower on Thursday in light trading volumes after the Christmas holiday, as investors took stock of their portfolios and looked for a boost…
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India stocks higher at close of trade; Nifty 50 up 0.14%
Investing.com – India stocks were higher after the close on Thursday, as gains in the Auto, Power and Public Sector Undertakings sectors led shares higher. At the close in NSE,…
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Xiaomi joins NIO, XPeng, and Li Auto EV charging networks in China
Investing.com — Chinese consumer electronics company Xiaomi (OTC:XIACF) has announced it will join the electric vehicle (EV) charging networks of rivals NIO, XPeng (NYSE:XPEV), and Li Auto (NASDAQ:LI). The partnership…
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Taiwan blocks Uber’s $950 million acquisition of Foodpanda
Investing.com — Taiwan’s Fair Trade Commission (FTC) has halted Uber Technologies (NYSE:UBER)’ planned $950 million takeover of Foodpanda’s local delivery business due to concerns over anti-competition. The decision hinders Uber’s…
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Alibaba agrees to merge S.Korean operations with E-Mart in a $4bn deal – Bloomberg
Investing.com — Alibaba (NYSE:BABA) Group Holding is set to merge its South Korean operations with E-Mart’s e-commerce platform to strengthen its position in the country’s competitive online retail landscape. AliExpress…
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BYD contractor denies ‘slavery-like conditions’ claims by Brazilian authorities
SHANGHAI/BEIJING (Reuters) -Jinjiang Group, a contractor for Chinese electric vehicle maker BYD (SZ:002594), said on Thursday Brazilian authorities’ portrayal of their employees as “enslaved” was inconsistent with the facts and…
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South Korea’s Shinsegae to set up joint venture with Alibaba International
By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) -South Korean retailer Shinsegae (KS:004170) plans to set up a joint venture with Alibaba (NYSE:BABA) International, Shinsegae affiliate E-Mart said on Thursday.…
Posted inEconomy
China urges Philippines to return to ‘peaceful development’
BEIJING (Reuters) – China’s foreign ministry on Thursday urged the Philippines to return to “peaceful development”, saying Manila’s decision to deploy a U.S. medium-range missile system in military exercises would…
Posted inEconomy
Spain’s industrial prices rise 0.9% year-on-year in November
MADRID (Reuters) – Spanish industrial prices rose 0.9% in the 12 months through November, after a 3.9% decrease in the 12 months through October, the National Statistics Institute (INE) said…
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Japan’s Nippon Steel extends closing date for U.S. Steel acquisition
TOKYO (Reuters) – Japan’s Nippon Steel said on Thursday it has extended the closing period for its $15 billion purchase of U.S. Steel, expressing confidence that the acquisition will protect…