Tuesday, June 19, 2018

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Unilever prepares £6 billion pound sale of food brands

LONDON: Unilever is preparing a £6 billion pound ($7.44 billion) sale of some of its food brands, British newspapers reported on Saturday. The Anglo-Dutch company is...

India’s Adani to finalise Australia coal investment

NEW DELHI: India’s Adani Enterprises said it would finalise an investment decision by June and work on a giant coal mine in Queensland can...

Elon Musk to solve Australia’s energy crisis

Australia's prime minister held talks with Elon Musk on Sunday after the US innovator offered to solve the energy crisis plaguing a southern region...

Alibaba Group expands into Australia and New Zealand

MELBOURNE: Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region as it seeks...

Ex-Goldman banker Mnuchin installed as US Treasury secretary

WASHINGTON: President Donald Trump swore in former Goldman Sachs banker and Hollywood financier Steven Mnuchin as Treasury secretary on Monday, putting him to work...

AIG makes Luxembourg its EU hub to cope with Brexit

LONDON: U.S. insurer AIG plans a European Union hub in Luxembourg following Britain's decision to leave the bloc, the biggest financial services firm so...

S.Africa and EU fight over chicken meat ‘dumping’

PRETORIA: South Africa's poultry industry says it is on the brink of collapse due to hotly-denied accusations that the European Union is dumping cheap...

Ukraine to receive $1 billion from IMF, Poroshenko

KIEV: The International Monetary Fund (IMF) has approved $1 billion loan payment to Ukraine, the Ukrainian President Petro Poroshenko has announced on Monday. Poroshenko wrote...

Trump Comments Drop Dollar But May Boosts Pound

NEW YORK/LONDON: Politics dominated global markets as the dollar weakened after the president-elect called the U.S. currency “too strong” and the pound rallied on...

Vodafone, Idea in $23 billion deal to create new Indian telecom leader

NEW DELHI: Britain's Vodafone Group and Idea Cellular agreed on Monday to merge their Indian operations in a $23 billion deal, creating the country's...

Asia gains as Wall Street extends record rise, dollar dips

TOKYO: Asian stocks rose on Wednesday, joining a record-setting session for global markets as investors cheered upbeat factory activity in Europe and solid earnings...

Rio Tinto pays $4 billion in 2016 taxes

LONDON: Mining giant Rio Tinto Ltd said on Sunday it paid $4 billion (3 billion pounds) in taxes and royalties globally in 2016, a 12...

David Cameron to lead £750m British-China trade fund

HONG KONG: Former British prime minister David Cameron is to lead a billion dollar trade and investment fund between UK and China. Cameron will take...

UK’s May meeting Trump with trade on agenda

WASHINGTON: Theresa May said she was delighted that Donald Trump’s administration had made a trade deal between the UK and the US “one of...
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China’s oil giant signs $1.77 bn Abu Dhabi deal

ABU DHABI: The China National Petroleum Corporation on Sunday secured an eight-percent share in an onshore oil concession in Abu Dhabi in a deal worth $1.77 billion, the Emirate company said. The Chinese giant signed a...

From Aid to Trade: Getting Afghanistan on its economic feet

LONDON: On 23rd June 2015, Christopher Kolenda, a good friend, senior military fellow at King’s College London and former adviser to General McChrystal, presented a hypothetical doomed scenario of how things could wrong in...

Morgan Stanley, UBS to raise stakes in China securities JVs to 49 percent: sources

BEIJING: Morgan Stanley (MS.N) and UBS Group AG (UBSG.S) are set to raise holdings in their separate Chinese securities joint ventures to 49 percent, people with direct knowledge of the developments said on Monday. China...

S.Africa and EU fight over chicken meat ‘dumping’

PRETORIA: South Africa's poultry industry says it is on the brink of collapse due to hotly-denied accusations that the European Union is dumping cheap chicken in the country in a dispute over free trade. Workers...

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