Foreign Business

Credit to Author: AGENCE FRANCE-PRESSE| Date: Fri, 07 Dec 2018 17:40:49 +0000

TOKYO: Japanese electronics firm Pioneer said on Friday it would become a wholly owned unit of a Hong Kong-based fund to rebuild itself in a deal worth $904 million. Pioneer,…READ

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Credit to Author: AGENCE FRANCE-PRESSE| Date: Fri, 07 Dec 2018 17:41:57 +0000

WASHINGTON, D.C.: Google said on Thursday it was tweaking its translation application with the goal of reducing gender bias. The move comes amid criticism that Google Translate often defaulted to…READ

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Credit to Author: The Manila Times| Date: Fri, 07 Dec 2018 17:36:51 +0000

FRANKFURT AM MAIN: German car giant Volkswagen said on Thursday it was looking for three billion euros ($3.8 billion) in new savings to help fund its pivot toward electric vehicles,…READ

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FRANKFURT AM MAIN: European Central Bank President Mario Draghi will press ahead with his exit from massive stimulus on Thursday, analysts expect, playing down multiplying threats to economic good times in the eurozone….READ MORE

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HONG KONG: Banking giant Standard Chartered said pre-tax profits were up 34 percent in the first half of the year on Tuesday, in a sign restructuring and cutbacks were supporting a recovery at the lender. Results in the six months to June showed statutory pre-tax profits of $2.35 billion, up from $1.75 billion year-on-year as […]

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JOHANNESBURG: Leaders of the BRICSemerging economies — Brazil, Russia, India, China and South Africa — will meet in Johannesburg this week, with the threat of a worsening global trade war topping the agenda. US President Donald Trump’s hardening stance has compounded fears of an all-out trade war after he slapped levies on goods from China […]

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GENEVA: Mining giant Glencore said Tuesday that it was being probed by the United States in a corruption investigation linked to its business in Nigeria, Venezuela and the Democratic Republic of Congo. The announcement caused Glencore’s share price to plunge by more than 12 percent on the London Stock Exchange, where it is listed — […]

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