Suggestion that the Chinese economy is holding up better than expected despite rising lending rates and a cooling property market is made as China reported stronger-than-anticipated exports and imports for May despite falling commodity prices. Saying that it expects the… Read More ›
Day: June 8, 2017
As Gulf Spat Deepens, U.A.E. Closes Airspace To Qatar Flights
In an effort to deepen Qatar’s isolation, the latest in a series of unprecedented measures by the Saudi-led alliance that risk squeezing the country’s economy and finances, the United Arab Emirates banned all international flights serving Doha from flying through… Read More ›
Samsung Electronics to build household appliance factory in Blythewood, South Carolina
The $300 million factory is likely to be completed by 2019. South Korean newspaper, Korea Economic Daily has reported citing anonymous sources, Samsung Electronics Co Ltd plans on investing $300 million in the United States to build an appliances factory…. Read More ›
Amazon lent $1 billion to sellers on its U.S., UK and Japan marketplace
With this move the e-commerce giant is overhauling the supply chain in its marketplace so as to retain sellers and prevent them from going to rivals such as Ebay and Wal-Mart. On Wednesday, an executive from Amazon.com Inc disclosed that… Read More ›
Sirius XM negotiating PIPE deal with Pandora Media
If the deal goes through, it could potentially be a win-win situation for both companies, given their common target audience. As per sources familiar with the matter at hand, Sirius XM Holdings Inc, a U.S. satellite radio company is looking… Read More ›