December 23, 2019

JD.Com’s logistics unit taps banks for potential $8-$10 billion IPO: sources

The logistics unit of Chinese e-commerce company JD.com Inc has held early discussions with banks about a potential overseas IPO that could raise $8 billion to […]
December 23, 2019

SoftBank’s $3 billion WeWork financing talks stall with Japan banks: sources

SoftBank Group Corp’s talks to secure $3 billion from Japan’s three biggest banks have stalled as the lenders have hit internal lending limits to the firm, […]
December 23, 2019

Credit Suisse blames former COO for covering up second spying case

Credit Suisse on Monday cleared CEO Tidjane Thiam and other top executives from knowledge of a second spying incident, saying former Chief Operating Officer Pierre-Olivier Bouee […]
December 23, 2019

BlackRock, Temasek to take majority stake in wealth management JV with CCB: sources

U.S. asset manager BlackRock Inc, Singapore state investor Temasek Holdings (Pte) Ltd and China Construction Bank Corp (CCB) have agreed to set up a wealth management […]
December 23, 2019

China’s industrial output to grow around 5.6% year-on-year in 2019: ministry

China’s industrial output is expected to grow around 5.6% in 2019, the Ministry of Industry and Information Technology said on Monday. Powered by WPeMatico
December 23, 2019

Oil declines, but losses limited as U.S.-China near trade deal

Oil prices slipped on Monday, but held near recent three-month highs amid optimism that the United States and China are close to signing a trade deal, […]
December 23, 2019

Tesco suspends Chinese supplier after suspected prisoner message

British supermarket giant Tesco suspended a Chinese supplier of Christmas cards on Sunday after a press report said a customer found a message written inside a […]
December 23, 2019

Asian shares hold near 18-month highs in holiday lead-up

Asian markets idled near 18-month highs on Monday as volumes weakened ahead of the Christmas holiday break and investors squared off their positions, taking home hefty […]
December 23, 2019

Oil steady amid optimism U.S.-China close to signing trade deal

Oil prices were mostly steady on Monday after three weeks of gains amid optimism the United States and China were close to signing a trade deal […]
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