This weekend marks a number of hotly anticipated first encounters between world leaders, but chief among them will be that of Trump and Russian President Vladimir Putin. The pair’s first face-to-face meeting, due to take place on the summit’s sidelines on Friday morning, will be closely watched at a time when ties between the two […]
Read moreDefense ties have long underpinned Indian-Israeli relations, but a string of deals signed this week reflected wider cooperation that could benefit Indian companies seeking advanced technologies and could pave the way for Israeli firms to access millions of consumers. On Wednesday, the Indian Ministry of External Affairs said India signed several agreements with Israel on […]
Read moreWith President Donald Trump due to arrive in Germany later on Thursday, a lawmaker in the country has voiced concerns over a potential trade war between the U.S. and Europe as a result of Trump’s protectionist policies. The two countries have been on uneasy ground concerning trade since Trump took office, with the U.S. president […]
Read moreCash-strapped LeEco’s CEO Jia Yueting has pledged in an open letter on Thursday to take full responsibility and repay all debts. “I will assume all responsibilities, and will do so until the end of LeEco’s employees, customers and shareholders,” Jia wrote in the letter. “Please give LeEco some time…I will repay all debts to the […]
Read moreU.S. President Donald Trump meets eastern NATO allies in Warsaw on Thursday amid expectations he will reaffirm Washington’s commitment to counter threats from Russia after unnerving them in May by failing to endorse the principle of collective defense. En route to a potentially fractious G-20 summit in Germany, Trump will take part in a gathering […]
Read moreGlobal attention may be centered on China’s newly-launched bond connect, but mainland equity markets will remain attractive, amid a “booming” pipeline of initial public offerings expected for the remainder of 2017, Ringo Choi, Asia Pacific IPO leader at consultancy EY, said on Thursday. “I think traditionally bonds and equities are the opposite or opponent of […]
Read moreJapan’s SoftBank Group is targeting raising between $3 billion and $5 billion through an offering of U.S. dollar bonds, according to a person familiar with the plans. The group has named Morgan Stanley, Bank of America Merrill Lynch and Deutsche Bank as joint global coordinators for a bond offering, it said in an announcement on […]
Read moreChinese bike-sharing startup Ofo has set its sights on global expansion, saying on Thursday it raised over $700 million in a funding round that included Jack Ma’s Alibaba Group. The funding round was led by Alibaba, Hony Capital and CITIC Private Equity, with additional participation from existing investors Didi Chuxing and DST Global. “We will […]
Read moreOPEC wants higher oil prices. But the same things keep getting in the way. Ever cheaper U.S. shale oil production and growing crude supplies are foiling the plans of the Organization of the Petroleum Exporting Countries to support prices with an export cut designed to remove 1.8 million barrels a day from the market through […]
Read moreArts and crafts retailer Hobby Lobby has agreed to forfeit thousands of illegally smuggled ancient Middle Eastern artifacts obtained from antiquities dealers for a Bible museum headed by its president, the company and U.S. officials said on Wednesday. The forfeiture will include some 5,500 artifacts purchased by Hobby Lobby that originated from the region of […]
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