China’s Dalian Wanda said in a statement that it will sell 76 hotels and 13 cultural and tourism tourism projects to Sunac, a Tianjin-based property developer for 63.18 billion yuan ($9.29 billion). The property-to-entertainment group said it will sell 76 of its hotels in China to Sunac for 33.6 billion yuan ($4.94 billion) and 91 […]
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Trump Jr. met with a Russian lawyer after she dangled information that could help his dad's campaign
Donald Trump Jr. agreed in 2016 to meet with a lawyer who was linked to the Kremlin after he was told she “might have information helpful to the campaign,” the son of the president admitted in a statement Sunday. The younger Trump indicated that his brother-in-law Jared Kushner and then-campaign boss Paul Manafort attended the […]
Read moreWhen Horan Fu decided to buy a 500-sq-foot apartment for HK$7.4 million last year, the biggest draw was the developer’s offer of 85 percent financing with an option to defer interest payments for the first three years. “The interest rate could be a lot higher after three years, but there’s also a chance that the […]
Read moreAfter a weekend of criticism of President Donald Trump‘s tweeted plan to create a cybersecurity unit in cooperation with Russia, the president posted on Twitter late Sunday U.S. time that he actually didn’t think it would happen. Donald J. Trump: The fact that President Putin and I discussed a Cyber Security unit doesn’t mean I […]
Read moreChinese inflation data for June came in line with expectations on a year-over-year basis when they were released on Monday. Those figures are closely watched by investors for what they say about the strength of the Chinese economy. China’s Consumer Price Index rose 1.5 percent year-on-year in June, according to Reuters. The Producer Price Index, […]
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More than 70 firefighters in London battle tremendous blaze at famous market
London firefighters battled a fire in Camden early Monday morning. London Fire Brigade tweeted out an image of the flames, saying that 10 fire engines and over 70 firefighters were dealing with the incident at Camden Lock Market. London Fire Brigade tweet: We now have ten fire engines and over 70 firefighters dealing with the […]
Read moreJapan’s core machinery orders fell 3.6 percent in May from the previous month, government data showed on Monday, in a sign capital spending lacks momentum. The surprise fall in the core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, undershot the 1.7 percent […]
Read moreSingapore’s sovereign wealth fund GIC, among the world’s biggest investors, said it was turning cautious and expected returns to slow over the next decade, given high valuations, uncertainty over monetary policy and modest economic growth. “Compared to last year, the world has become more uncertain … but the market seems quite happy,” GIC CEO Lim […]
Read moreSilicon Valley startup Stripe has partnered with digital payment providers Alipay and WeChat Pay to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers. Starting Sunday, the partnerships allows online merchants using Stripe to integrate the ability for Chinese users to pay with Alipay and WeChat Pay on […]
Read moreSomeday soon, more U.S. households will be subscribers of Amazon Prime than cable or satellite TV, according to recent estimates of Amazon’s popular shipping and entertainment service. According to estimates from Morningstar, nearly 79 million U.S. households now have an Amazon Prime membership*, up from around 66 million at the end of last year. That […]
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