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Billionaire head of China’s Fosun group ‘vanishes’
12 Dec 2015 6:11 AM ISTGuo Guangchang, 48, dubbed "China's Warren Buffett", has been out of contact since yesterday, respected business magazine Caixin reported on its...
Yahoo plans ‘reverse spinoff’ instead of Alibaba sale
10 Dec 2015 5:56 AM ISTYahoo said it would seek a "reverse spinoff" that would separate the Internet company's core operations from its holdings in China's online giant...
World oil prices hover around seven-year lows
9 Dec 2015 6:32 AM ISTOil prices hovered near their lowest in almost seven years in Asia on Tuesday ahead of the release of US crude inventories and expectations of an...
China forex reserves at near three-year low of $3.44 trillion
9 Dec 2015 4:45 AM ISTChina's foreign exchange reserves fell to their lowest level in nearly three years in November, official data showed on Monday, with analysts blaming...
GE cancels its appliance division sale to Electrolux
9 Dec 2015 4:37 AM ISTGeneral Electric announced on Monday that it has decided to cancel the agreement to sell its appliance division to the Swedish group Electrolux which...
Wrong FT tweet sparks currency market flurry
4 Dec 2015 5:58 AM ISTThe Financial Times on Thursday caused a flurry on currency markets after erroneously tweeting that the European Central Bank was to leave interest...
Putin swears to make Turkey regret plane downing
4 Dec 2015 1:00 AM ISTAs Putin fired another salvo in his mounting war of words with NATO member Turkey his Turkish counterpart Recep Tayyip Erdogan declared he had "proof"...
Alibaba stake vs core business: Yahoo to choose one for sale
3 Dec 2015 10:26 PM ISTYahoo board members will hold a marathon series of meetings from Wednesday through Friday to hash out whether it would be best to go ahead with a plan...
Global oil prices take off as Turkey downs Russian jet
26 Nov 2015 4:55 AM ISTGlobal oil prices rose on Tuesday after Turkey shot down a Russian jet on the Syria border, sparking fresh tensions in the crude-rich Middle East,...
Alibaba founder Jack Ma in bid for HK newspaper
25 Nov 2015 4:37 AM ISTThe founder of Chinese e-commerce giant Alibaba is in talks to buy a stake in the publisher of Hong Kong's South China Morning Post newspaper,...
China cos to resume IPOs next week after 4-month ban
25 Nov 2015 4:07 AM ISTChinese companies will resume initial public offerings (IPOs) with a bang next week, when an industrial explosives maker becomes the first to offer...
Belgium weighs extending lockdown, police hunt Paris attackers
22 Nov 2015 9:22 PM ISTThe Belgian capital closed its metro system and shuttered shops and public buildings yesterday as its terror threat was raised to its highest level...