August 7, 2018

Exclusive: Alibaba merging China food delivery units to counter Tencent-backed Meituan – sources

Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of […]
August 7, 2018

Rebound in Chinese shares, solid U.S. earnings support Asia

A rebound in battered Chinese stock markets on Monday helped lift Asian equities, which also drew support from earnings-led gains on Wall Street in a welcome […]
August 7, 2018

Chinese newspaper mocks Trump’s claim of winning trade war as ‘wishful thinking’

Chinese state media kept up their criticism of U.S. President Donald Trump’s trade policies, with a newspaper on Tuesday describing as “wishful thinking” Trump’s belief that […]
August 7, 2018

Asian stocks struggle as trade anxiety weighs

Asian stocks wobbled on Tuesday as simmering worries over the U.S.-China trade conflict offset positive leads from earnings-led gains on Wall Street. Powered by WPeMatico
August 7, 2018

U.S. seeks suspension of court action on 1MDB luxury yacht Equanimity

The U.S. Justice Department wants to suspend its legal efforts to take possession of the superyacht Equanimity, impounded as part of a hunt for assets linked […]
August 7, 2018

Chinese state newspaper says Trump’s claims of winning trade war are ‘wishful thinking’

A Chinese state newspaper on Tuesday described as “wishful thinking” U.S. President Donald Trump’s belief that a fall in Chinese stocks was a sign of his […]
August 7, 2018

Icahn to send letter to oppose Cigna-Express Scripts deal: WSJ

Investor Carl Icahn will send an open letter to the shareholders of insurer Cigna Corp asking them to vote against the company’s $52 billion Express Scripts […]
August 6, 2018

Facebook in talks with banks to expand customer service

Facebook Inc said on Monday it is in talks to deepen links with banks and financial institutions, saying it can help the firms improve their customer […]
August 6, 2018

Sempra Energy CEO ‘very optimistic’ about talks with Elliott Management

Sempra Energy’s Chief Executive Jeffrey Martin told investors on Monday the company was in a “constructive dialogue” with activist investor Elliott Management, which has been pushing […]
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