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  • April 24, 2014
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  1. Business - Commodities - DIVESTMENTS

    JPMorgan sells physical commodities business for US$3.5b

    Posted Mar 20th 2014, 10:28am by AP

    ... Associated Press in New York JPMorgan Chase said on Wednesday it had made a deal to sell its physical commodities business for US$3.5 billion as regulators weigh whether to restrict banks’ ability to control power plants, warehouses and oil refineries. If it’s approved by regulators, the deal would put the commodities business in the hands of energy and commodities trading company ...

  2. Business - Companies - RETAILING

    Shake-up in money transfer business looms with Wal-Mart's new service

    Posted Apr 19th 2014, 01:09am by AP

    ... Associated Press in New York Money transfer shake-up looms with Wal-Mart entry Wal-Mart is delving deeper into financial services at its stores and shaking up the money transfer business ... to US$900 to and from more than 4,000 Wal-Mart stores in the United States. The move could reshape that industry and is likely to set off a pricing battle. Customers can transfer up to US ...

  3. Business - Banking & Finance - ECONOMY

    Federal Reserve chief Yellen plans to keep US interest rates low

    Posted Apr 18th 2014, 01:17am by BLOOM

    ... Bloomberg in Washington US interest rates will not rise anytime soon amid shortfall of inflation and employment from their targets, says central bank head Janet Yellen Fed chief plans ... framework as Fed chairwoman, Yellen said US central bankers must be mindful of how short the Fed is of its goals of full employment and price stability. "The larger the shortfall of employment ...

  4. Business - China Business - ACQUISITIONS

    Fosun and partners buy US hospital operator Chindex for US$433m in sweetened deal

    Posted Apr 23rd 2014, 12:50am by BLOOM

    ... Bloomberg Fosun and allies buy Chindex in sweetened deal Shanghai Fosun Pharmaceutical and its partners agreed to acquire hospital operator Chindex International for about US$433 million ... operator to US$24 a share from US$19.50, the drugmaker said. Chindex, based in Maryland, said in a separate statement that it signed an amended agreement with the group after another bidder, which ...

  5. Business - Economy

    Business sentiment up in Japan but outlook clouded by sales-tax rise

    Posted Apr 18th 2014, 01:17am by Reuters

    ... down business conditions from now on," a transport firm said in the Reuters Tankan. "The US economy is becoming relatively steady, but that has not led to a recovery in real demand ... increase may be less pronounced than thought. The monthly Reuters Tankan, which closely correlates with the Bank of Japan's tankan survey, gives an early glimpse of business morale after ...

  6. Business - Money - FUNDS

    US fund outflows hit US$3.6b on fears of broader pullback in market

    Posted Apr 21st 2014, 01:23am by Reuters

    ... Reuters in New York Sell off in technology and biotech shares triggers outflows from US funds over worries of broader downturn after five-year bull run Outflows hit US$3.6b on pullback fears Investors in US-based funds pulled US$3.6 billion out of stock funds in the week ended April 16 on fears that a sell-off in technology and biotech shares could signal a steeper drop in US ...

  7. Business - Economy - SUSTAINABILITY

    How saving resources can make businesses money

    Posted Apr 16th 2014, 10:11am by PATRICK LOW

    ... Patrick Low Rather than increasing costs to enterprises through taxes and regulations, the circular economy can broaden the sustainability menu for business Going round in circles Just ... of climate change were more explicitly linked, maybe it would be easier to spur action. This is certainly likely to be true when considering the part business should play in addressing contemporary ...

  8. Business - Economy - US Debt Crisis

    IMF’s Lagarde hails end to US shutdown

    Posted Oct 17th 2013, 11:21am by AFP in Washington

    ... Agence France-Presse in Washington Christine Lagarde, managing director of the International Monetary Fund, welcomes end to US government shutdown and raising of debt ceiling The head of the International Monetary Fund welcomed a last-ditch vote on Wednesday in the US Congress to end a government shutdown and raise the government’s debt ceiling. IMF Managing Director Christine Lagarde ...

  9. Business - China Business

    China Railway bullish on overseas business

    Posted Apr 09th 2014, 01:40am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Railway builder aims to triple foreign orders and revenue amid push from top leadership China Railway bullish on overseas business China Railway Group ... builders, the state-owned firm aims to boost its overseas orders to US$20 billion by 2016 from US$7 billion last year, and raise its overseas revenue to US$10 billion from US$3.72 billion. "It ...

  10. Business - Companies - STRATEGY

    BlackBerry weighs exit from handset business eyes investments

    Posted Apr 11th 2014, 12:59am by Reuters

    ... exiting its handset business if it remains unprofitable, its chief executive said on Wednesday, as the technology company looks to expand its corporate reach with investments, acquisitions and partnerships. "If I cannot make money on handsets, I will not be in the handset business," John Chen said, adding that the time frame for such a decision was short. He would not be more ...




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