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December 15, 2019
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Reuters - Business

Regulator puts loading curbs on 737 jets converted to freighters by Israel Aerospace

Reuters
FILE PHOTO: The logo of state-owned Israel Aerospace Industries (IAI), the country’s biggest defence contractor, is seen at their offices next to Ben Gurion International airport, near Or Yehuda, Israel February 27, 2017. Picture taken February 27, 2017. REUTERS/Baz Ratner (Reuters) – Israel’s aviation regulator has ordered airlines with Boeing...
Reuters - Business

Saudi Aramco shares jump 10% on stock market debut

Reuters
Participants attend the official ceremony marking the debut of Saudi Aramco’s initial public offering (IPO) on the Riyadh’s stock market, in Riyadh, Saudi Arabia, December 11, 2019. REUTERS/Marwa Rashad DUBAI (Reuters) – Saudi Aramco (2222.SE) shares opened up 10% on their Riyadh stock market debut on Wednesday, closing in on...
CNBC - Real Estate

REITs will continue to see good performance, JLL says

CNBC Real Estate
Regina Lim of JLL says she foresees more initial public offerings for Singapore and Indian REITs. She also says, in the last 12 months, Singapore REITs have made “very nice strategic acquisitions” that will allow them to deepen their exposure in new markets.
Reuters - Business

Saudi Aramco shares indicated up 10% from IPO price ahead of debut

Reuters
FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov DUBAI (Reuters) – Saudi Aramco shares were indicated at 35.2 riyal ($9.39) each in the pre-market auction on Wednesday, 10% above their IPO price of 32 riyals, Refintiv...
Reuters - Business

U.S. trade offensive takes out WTO as global arbiter

Reuters
BRUSSELS (Reuters) – U.S. disruption of the global economic order reaches a major milestone on Tuesday as the World Trade Organization (WTO) loses its ability to intervene in trade wars, threatening the future of the Geneva-based body. FILE PHOTO: Delegates talk before the opening of the General Council at the...
Reuters - Business

BMW sues air conditioning suppliers over price fixing

Reuters
FILE PHOTO: BMW i8 is displayed at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson BERLIN (Reuters) – BMW is suing two of its suppliers over price fixing on air conditioning components, the German carmaker said on Wednesday. The case was first reported in...
Reuters - Business

Many firms have no contingency plans should U.S.-China trade war worsen: DHL survey

Reuters
SHANGHAI (Reuters) – As the U.S.-China trade war drags into its 16th month and continues to disrupt supply chains, more than one-quarter of multinational firms have not made contingency plans, showed a survey from a subsidiary of courier giant DHL. FILE PHOTO: Chinese staff members adjust U.S. and Chinese flags...
Reuters - Business

India considers commissions cap for Uber, Ola, unsettling industry

Reuters
NEW DELHI (Reuters) – India plans to cap the commissions app-based taxi aggregators such as Uber and home-grown Ola earn on rides to a maximum 10% of the total fare, according to a draft proposal seen by Reuters, a move industry experts warned would hit revenue and operations. FILE PHOTO:...
Reuters - Business

After $13 billion levy ruling, future of India’s tattered telecom sector hinges on government aid

Reuters
NEW DELHI (Reuters) – The Indian government’s win of a long-contested dispute over telecom fees could end up a Pyrrhic victory, as the billions of dollars in levies now owed are seen as burdens too big to bear for two of the country’s three main carriers. FILE PHOTO: A rickshaw...
Reuters - Business

India plans to cap commissions for taxi aggregators: Economic Times

Reuters
FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo BENGALURU (Reuters) – India plans to cap the commission taxi aggregators such as Uber (UBER.N)...
CNBC Business

JPMorgan says stocks in South Korea and India could ‘surprise’ investors in 2020

CNBC
As investors rotate out of bonds into equities, and out of growth stocks into value, J.P. Morgan says Korea is “reasonably well-positioned.” Source link: Click here for more
Reuters - Business

H&M-backed startup puts bacteria to work in green dyeing process

Reuters
STOCKHOLM/NORWICH, Britain (Reuters) – A British biotech startup is developing a method of textile dyeing that taps into the bright colors of birds and butterflies and has micro-organisms recreate them on fabric, slashing the use of water and heavy chemicals in the process. Patchwork of different types of material dyed...
CNBC Business

Asia is facing a food crisis and needs another $800 billion in the next 10 years to solve it

CNBC
“If this investment does not materialise, we believe the industry will struggle to keep up with demand, resulting in poorer food outcomes for Asia’s population,” according to the Asia Food Challenge report. Source link: Click here for more
Reuters - Business

Feuding Korean firms risk disrupting electric car battery supplies

Reuters
SEOUL (Reuters) – In 2018, South Korea’s SK Innovation beat its larger, local rival LG Chem to a multibillion dollar deal to supply German carmaker Volkswagen with electric vehicle batteries in the United States. FILE PHOTO : New cars drive during a ceremony marking start of the production of a...
Reuters - Business

India’s Paytm raises $1 billion in fresh funding

Reuters
FILE PHOTO: A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. Picture taken January 31, 2019. REUTERS/Amit Dave NEW DELHI/BENGALURU (Reuters) – Indian digital payments company Paytm said on Monday it has raised fresh funds from a group of investors, including existing...
Reuters - Business

ByteDance CEO urges TikTok diversification as U.S. pressure mounts: internal note

Reuters
BEIJING (Reuters) – The founder and CEO of TikTok owner ByteDance will focus on adding users of the popular video app in countries outside of its strongest markets, according to an internal staff note seen by Reuters, as it faces political pressure in the United States. FILE PHOTO: A 3-D...
Reuters - Business

Made in China: Samsung farms out more phones to fend off rivals

Reuters
SEOUL (Reuters) – Samsung’s plan to outsource a fifth of its smartphone production to China next year may help it compete with low-cost rivals such as Huawei and Xiaomi but it’s a strategy fraught with risks, people with familiar with the move said. Samsung Electronic’s Galaxy A90 is seen on...

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