Tencent, Alibaba, Xiaomi units win Hong Kong online banking license
Hong Kong’s banking regulator has issued four more online-only banking licenses to units of Alibaba, PingAn and smartphone maker Xiaomi, as well as to a JV involving Tencent, ICBC and Hillhouse Capital.
China to bid on D.C. Metro rail deal as national security hawks circle
China’s CRRC plans to bid on a big Washington D.C. subway project as it doubles down on a charm campaign in the United States to quash a rising chorus of critics who have cast the rail car maker as a threat to cyber security and U.S. industry.
Novartis buys dry eye drug from Takeda for up to $5.3 billion
Novartis is buying dry-eye drug Xiidra from Takeda Pharmaceutical Co for up to $5.3 billion as the Swiss drugmaker refreshes its ophthalmic medicines portfolio with a potential blockbuster.
ECB in touch with Carige after BlackRock pulls out of rescue
The European Central Bank has been in touch with special administrators who run Banca Carige after BlackRock pulled out of rescuing the ailing Italian lender, an ECB spokeswoman said on Thursday.
Carige’s temporary administrators summon trade unions: sources
The temporary administrators in charge of Banca Carige have summoned union representatives for an urgent meeting, two sources close to matter said on Thursday.
Shares sink as U.S.-China trade talks go to the wire
World shares tumbled for a fourth day running on Thursday after a warning from U.S. President Donald Trump that a long-worked-on trade deal with China was in serious danger.
Australia TPG’s fate tied to courts after watchdog scuppers $10 billion phone deal
Australian internet firm TPG Telecom Ltd’s best bet to recover from the serious blow dealt by regulators who blocked its $10 billion merger bid with a rival lies with the courts, with analysts doubting any alternative plans can succeed.
The answer to Uber’s profit challenge? It may lie in its trove of data
Over the past two years, Uber Chief Executive Dara Khosrowshahi has used his peace-making and political skills to settle battles with lawmakers and rivals and endear himself to employees who had suffered through a wretched period of corporate scandal.
China says fully ready to defend interests in trade war
China is fully prepared to defend its interests in its trade war with the United States, but hopes the United States can resolve problems through dialogue instead of unilateral steps, the Chinese commerce ministry said on Thursday.
India’s incredulous data: Economists create own benchmarks
Economists and investors are increasingly showing that they have little or no confidence in India’s official economic data – presenting whoever is elected as the next prime minister with an immediate problem.
