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  • 4 China-U.S. M&A Deals In Limbo Include Alibaba Founder, Scaramucci

    July 21, 2017 9:00 PM

    The United States is scrutinizing cross-border deals with China. Two people caught up in the fray: Alibaba Founder Jack Ma and investor Anthony Scaramucci. There are significant obstacles facing the proposed $1.2 billion purchase of Dallas-based payments firm MoneyGram International by Ant Financial Services Group, which is controlled by Chinese billionaire

  • South Africa Bonds Beckon After First Rate Cut Since 2012

    July 21, 2017 5:04 PM 4

    The economic outlook in South Africa remains weak, and the central bank cut interest rates Thursday for the first time in five years. But the economic outlook remains weak, and shares of some companies moved lower this week. In trading this week, South African gold mining plays AngloGold Ashanti (AU) and Sibanye Gold (SBGL) fell about 1.8% apiece, despite

  • ‘Zero’ price JioPhone to hurt telcos, cable operators alike

    July 21, 2017 11:39 AM 5

    NEW DELHI: There was euphoria among investors when the 40th annual general meeting of Reliance Industries kicked off on Friday morning. Most investors were looking for the announcement of a possible Rs 500 4G handset. But the company delivered a plan that effectively offers the phone at ‘zero’ cost. The caveat is that subscribers would pay Rs 1,500 upfront

  • Facebook's Subscription Plan Gives Publishers Hope at Last

    July 19, 2017 10:10 PM 12

    Facebook's plan to let publishers sell subscriptions on its platform is renewing some of its media partners' optimism about their future together. Campbell Brown, head of news partnerships at Facebook, confirmed at an industry event this week that the social network will let publishers set up paywalls on the content they publish using Instant Articles

  • A Woman Reportedly Tried To Smuggle Over 100 iPhones Into China, It Didn't Go Well

    July 19, 2017 12:49 PM 6

    It turns out that if you’re trying to smuggle iPhones across a border, and not get caught by customs in the process, then you shouldn’t get too greedy. This is after a woman was reportedly caught with the largest haul of Apple products ever on the route between Hong Kong and mainland China, where the smartphones are worth a pretty penny on the black

  • Lufthansa lifts profit target on bumper summer bookings

    July 18, 2017 10:01 AM 18

    German airline Lufthansa increased its profit target for 2017 after a busy summer for bookings that has been boosted by demand on North American routes and a strong Germany economy. The airline now expects its full-year adjusted earnings before interest and tax to exceed the 2016 level of €1.75 billion, it said in a statement yesterday, having previously

  • Lufthansa Reports Strong H1 Revenue

    July 18, 2017 5:54 AM 6

    Lufthansa released preliminary figures for the first half of 2017, showing a 13 percent revenue rise from last year. Revenue of EUR€17 billion (USD$19.6 billion) for the six months to end June, beat the €15 billion reported for the previous year period. Adjusted earnings before interest and tax (EBIT) almost doubled to €1.04 billion, from €529 million

  • Samsung Pay adds PayPal option

    July 17, 2017 2:26 PM 9

    Samsung Pay (OTCPK:SSNLF, OTC:SSNNF) adds PayPal (NASDAQ:PYPL) as an accepted payment method in the mobile payment system. Merchants using PayPal subsidiary Braintree can add Samsung Pay to the checkout options. U.S. customers will receive the payment option now through an update, and Samsung hopes to spread the service to further geographic markets

  • Eurowings comes to the land of the brave

    July 14, 2017 1:08 PM 28

    Low-cost airline, Eurowings this week commenced with its Namibia route. According to a statement from their office, an almost fully booked, Airbus A330 aircraft departed from Cologne/Bonn’s Konrad-Adenauer airport punctually on 12 July at 22:55 and touched down in after about ten and a half hours of flight time. Eurowings in the statement said, in future

  • TABLE-South Africa's 3-month T-bill average yield little changed at 7.56 percent

    July 14, 2017 11:14 AM 3

    JOHANNESBURG, July 14 (Reuters) - South Africa sold 2.555 billion rand ($193.95 million) worth of three-month Treasury bills on Friday, at an average yield of 7.56 percent, little changed from 7.57 percent last week, central bank data showed. The bid-to-cover ratio fell to 1.8 from 3.0. Auction date: 14/07/2017 Settlement date: 19/07/2017 Days 91 182 273 364 Amount