As China e-commerce basks in Alibaba IPO glow, ageing warehouses lure global investors
HONG KONG (Reuters) – Alibaba Group Holding Ltd’s plans for a giant initial public offering in New York highlight vast potential for e-commerce in China – and the weak link the logistics industry must fix if explosive growth projections are to be reach…
How Japan’s Marubeni stumbled in China after rapid expansion
TOKYO/BEIJING (Reuters) – A year after spending $3.6 billion to buy grain trader Gavilon to expand in China, Japan’s Marubeni Corp has been shaken by defaults on soybean sales and faces an investigation into alleged tax evasion in the world’s top food …
Weak Japan exports, not tax hike, could shake BOJ
TOKYO (Reuters) – The Bank of Japan is increasingly confident that the economy is weathering a recent tax increase and on its way out of deflation, but another threat to that optimistic scenario is lurking – weak exports.
Comcast partners with Asian carriers, eyes mobile market
NEW YORK (Reuters) – Comcast Corp is offering at least two Asian cellular operators access to its WiFi hot spots in the United States, in trial partnerships that illustrate the cable company’s ambitions to compete with U.S. wireless carriers.
BP aims to invest $1.5 billion in Egypt in 2014: MENA
CAIRO (Reuters) – BP plans to invest $1.5 billion this year to increase its production of natural gas in Egypt, hit by an energy crisis following three years of political turmoil, the state news agency MENA said on Sunday.
Goldman banking revenue to grow with global economy: Barron’s
(Reuters) – Goldman Sachs Group Inc may reward long-term investors as demand for the U.S. investment bank’s worldwide underwriting, trading and custodial services grows with the global economy, according to Barron’s.
Boom times for bank trading have gone, and may never come back
LONDON (Reuters) – The boom years of financial market trading, when banks made unprecedented profits from bonds, currencies and commodities, may be over for good as financial firms realize there will be no cyclical upswing on their dealing desks.
UK labs play shrinking role in AstraZeneca drug portfolio
LONDON (Reuters) – How British is AstraZeneca? With a French chief executive, Swedish chairman, 40 percent of its sales in the United States and 87 percent of its staff overseas, the answer is not simple.
As big ad deal falls apart, firms start thinking small
NEW YORK/LONDON (Reuters) – The collapse of the $35 billion merger of New York-based Omnicom with France’s Publicis is likely to lead the world’s biggest ad agencies to think small as they try to counter the challenge from internet giants like Google.
Nasdaq expects increase in IPOs from Israeli firms
TEL AVIV (Reuters) – Nasdaq expects a stronger year for initial public offerings (IPO) of Israeli firms than it had in 2013, the stock exchange’s vice chairman said on Sunday.
