Business

That’s entirely possible, said Alexander Capri, visiting senior fellow at National University of Singapore. Still, it’s nearly impossible for companies to completely ignore the U.S., he added. To leapfrog American tariffs, some Pacific-based corporations that can’t afford to be excluded from the U.S. market may move manufacturing stateside, which would harmonize with the White House’s
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Airbnb may seem like an overnight success story. In 2008, three college graduates put their heads together from an apartment in San Francisco and completely reimagined the way we see vacation accommodation. Today, just ten years on, their platform features more than 4.5 million rental properties, from Scandinavian tree-houses to Fijian private islands. But it
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SpaceX succeeded in its sixth launch of 2018, putting the fifth batch of Iridium NEXT satellites into orbit using a previously-flown Falcon 9 rocket. Launched Friday from the central coast of California, Elon Musk’s rocket company has now put up 50 Iridium satellites for the next-generation constellation. The space company failed, however, to catch the
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The New York Stock Exchange (NYSE) is in talks to acquire the Chicago Stock Exchange, the Wall Street Journal reported on Friday citing sources. Chinese-led North America Casin Holdings was previously trying to acquire CHX Holdings, the parent company of the Chicago Stock Exchange, but the deal collapsed in February after it was rejected by
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M&A volumes doubled in Europe in the first quarter, while the United States was up 67 percent and Asia was up 11 percent. “The better macro-economic environment in Europe has created greater confidence to get things done. Deals that have been in the works for a long time are now coming to fruition and some
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Japan’s industrial production rebounded in February from a large decline in the previous month and companies forecast further gains in coming months in a sign that factory output is back on the path toward expansion. Factory output rose 4.1 percent in February from the previous month, less than economists’ median estimate of a 5.0 percent
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Bill Simon, former Walmart US CEO, said Congress should look into splitting up Amazon. “They’re not making money in retail, and they’re putting retailers out of business,” Simon told CNBC. He said the e-commerce giant has operated its retail segment at a loss for decades, subsidizing the retail portion of its business with profits from
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Thousands of brick-and-mortar stores are set to close this year, but others will open, just not where you might expect, analysts say. “There are always winners,” said Jan Kniffen, chief executive officer of J. Rogers Kniffen World Wide Enterprises, a retail consulting firm. But, he said, those winners won’t be found in the mall. “If
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Despite General Electric shares rising the most in a single day in nearly three years Tuesday, the embattled industrial conglomerate ended the first quarter as the worst performer on the Dow Jones industrial average. GE stock dropped more than 25 percent in the first quarter, dropping nearly twice as much as Procter & Gamble, the
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World View | Steven Meckler World View conducted its inaugural Stratollite launch from Spaceport Tucson on Sunday, October 1st, 2017 World View intends to use what it learns from Stratollite to launch people in another balloon-lifted craft called Voyager. “We will be flying people in the future but I’d like us to have 100 or
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As foreign investors do more business in Saudi Arabia, Princess Reema bint Bandar Al Saud called on Western businesses to engage more with local citizens. Speaking to CNBC on the sidelines of the 2018 Saudi-U.S. CEO forum, the princess explained that societal changes are critical to Saudi Arabia’s economic transformation. She said that many expatriate
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Brendan McDermid | Reuters Equifax trading information and the company logo are displayed on a screen where the stock is traded on the floor of the New York Stock Exchange in New York. Equifax says Mark Begor will become its CEO as the credit reporting company continues to try to recover from fallout surrounding a
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@ Didier Marti | Moment | Getty Images A tramway car captured with blurred motion rushes through the Paradeplatz (Parade square) in the heart of Switzerland banking industry in Zurich at night. A group of mostly rich, industrialized countries says Switzerland should do more to prosecute companies and apply tougher penalties for bribery. The Organization
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Chinese e-commerce giant Alibaba Group and US car maker Ford have unveiled an unstaffed car vending machine in China’s southern city Guangzhou. The machine stands about five-storeys tall and contains 42 cars, of various models, including the Ford Explorer SUV and Mustang. Alibaba said users of Tmall, Alibaba’s flagship online shopping platform, with good credit
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U.S. building products maker USG Corp., backed by Warren Buffett, rejected an unsolicited buyout offer from its second-biggest shareholder, Germany’s Gebr Knauf, saying the offer substantially undervalued the company. Gebr Knauf disclosed on Monday that it had offered to buy the maker of gypsum wallboards earlier this month for $42 per share, a premium of
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After 202 years in business, America’s oldest gun manufacturer, Remington, has filed for Chapter 11 bankruptcy protection. The filing by Remington Arms Company and its parent, Remington Outdoors, was disclosed late Sunday night on the website of the United States Bankruptcy Court in Delaware. Details of the filing were not immediately available, but in a
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