German industrial group Siemens plans an initial public offering of its healthcare unit, expected to value the business at up to 40 billion euros ($47 billion), in the first half of 2018, it said in a statement on Thursday. The trains-to-turbines group wants Healthineers to have its own currency for acquisitions and investments as the […]
Read moreJapanese Prime Minister Shinzo Abe has chosen his new cabinet, reappointing key economic ministers but replacing his defense and foreign ministers in a sweeping reshuffle, the top government spokesman said on Thursday. Abe re-appointed Taro Aso as finance minister, top government spokesman Yoshihide Suga, who will also remain in his job, told a news conference. […]
Read morePresident Donald Trump’s administration is poised to announce what could become a major effort to strike out at China for its trade practices, but the stock market rally this year hasn’t even hiccuped. The announcement is set for Friday and will reportedly use part of the 1974 Trade Act, Section 301, which allows the U.S. […]
Read moreA ban on travel by U.S. passport holders to North Korea will take effect on Sept. 1 and Americans in the country should leave before that date, the U.S. State Department said on Wednesday. Journalists and humanitarian workers may apply for exceptions to the ban, the department said in a public notice. The U.S. government […]
Read moreChina’s insurance regulator said on Thursday it had no plans to ask insurer Anbang to sell overseas assets. A spokesman for the China Insurance Regulatory Commission made the comments at a media briefing in Beijing. Source: cnbc china Chinese regulator has no plans to ask Anbang to sell overseas assets
Read moreChina’s services sector expanded at a slightly slower pace in July as new business growth eased, a private business survey showed on Thursday, pointing to potential softening in a key part of the world’s second-largest economy. The findings were in line with an official gauge of the non-manufacturing sector published on Monday which also showed […]
Read moreFederal prosecutors subpoenaed a property developer owned by Jared Kushner’s family, the Wall Street Journal reported on Wednesday. The matter concerns Kushner Companies‘ use of the EB-5 federal visa program — a scheme that grants green cards to immigrants who invest $500,000 in certain U.S. businesses that are slated to create 10 jobs per investor. […]
Read morePresident Donald Trump’s doubts about the war in Afghanistan has led to a delay in completing a new U.S. strategy in South Asia, skepticism that included a suggestion that the U.S. military commander in the region be fired, U.S. officials said on Wednesday. During a July 19 meeting in the White House Situation Room, Trump […]
Read moreFacebook CEO Mark Zuckerberg and his wife, Priscilla Chan, hired a Democratic pollster and former top advisor to President Barack Obama as a consultant, according to a report from Politico. The report, citing a person familiar with the matter, said Joel Benenson and his company, Benenson Strategy Group, will conduct research for the couple’s philanthropy […]
Read moreAlphabet CEO Larry Page appears far removed from making decisions about the company’s self-driving car unit, based on answers he gave in a legal deposition last month. The two-hour deposition on July 17 was conducted by lawyers for Uber, which is locked in a high-stakes legal battle with Alphabet’s Waymo division over a key autonomous-vehicle […]
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