newszine

BRICS bank to invest in infrastructure projects in Brazil

14 hours ago DieselGasoil Comments Off on BRICS bank to invest in infrastructure projects in Brazil
Investment worth $621 million will be provided by BRICS New Development Bank (NDB) to Brazil, according to the Institute for Applied Economic Research (Ipea). It said the bank has approved Brazilian projects on renewable energy, road building, railway construction, sanitation, telecommunications and an oil Refinery. NDB has also plans to launch its Americas Regional Office Read More

Qualcomm gains $30 billion in market value after Apple settlement

1 day ago DieselGasoil Comments Off on Qualcomm gains $30 billion in market value after Apple settlement
(Reuters) – Qualcomm Inc added $30 billion to its market value after it resolved a legal battle with Apple Inc, a move that secures its leadership in 5G phone chips and could pave the way for a similar settlement with China’s Huawei Technologies. FILE PHOTO: A sign on the Qualcomm campus is seen in San Read More

China’s first-quarter growth unexpectedly steadies, but too early to call clear recovery

2 days ago DieselGasoil Comments Off on China’s first-quarter growth unexpectedly steadies, but too early to call clear recovery
BEIJING (Reuters) – China’s economy grew at a steady 6.4 percent pace in the first quarter, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement. FILE PHOTO: An employee working on the production line of an electronics factory is seen reflected on an equipment, in Jiaxing, Read More

Asia comforted as China data hint at recovery

2 days ago DieselGasoil Comments Off on Asia comforted as China data hint at recovery
SYDNEY (Reuters) – Asian share markets pulled ahead on Wednesday as investors were relieved after a raft of Chinese data beat expectations in a sign Beijing’s policy stimulus may finally be gaining traction in the world’s second-largest economy. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, Read More

Asia relieved as China data point to recovery

2 days ago DieselGasoil Comments Off on Asia relieved as China data point to recovery
SYDNEY (Reuters) – Asian share markets swung higher on Wednesday as a raft of Chinese data easily beat expectations in a sign Beijing’s policy stimulus may finally be gaining traction in the world’s second-largest economy. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, November 13, 2018. Read More

Asia holds breath for China data dump, NZ dollar slides

2 days ago DieselGasoil Comments Off on Asia holds breath for China data dump, NZ dollar slides
SYDNEY (Reuters) – Asian share markets got off to a guarded start on Wednesday as investors waited anxiously for a raft of Chinese data that might show policy stimulus is finally gaining traction in the world’s second-largest economy. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, Read More

Buyout firm Apollo to buy Smart & Final Stores for $1.1 billion

2 days ago DieselGasoil Comments Off on Buyout firm Apollo to buy Smart & Final Stores for $1.1 billion
(Reuters) – Apollo Global Management LLC said on Tuesday it will acquire Smart & Final Stores Inc for about $1.1 billion, including debt, the second time the private equity firm will own the U.S. food retailer. A Smart & Final store’s sign is pictured in San Marcos, California September 24, 2014. Shares of Smart & Read More

Asia stocks cling to nine-month high on China hopes, Wall Street dented by earnings

3 days ago DieselGasoil Comments Off on Asia stocks cling to nine-month high on China hopes, Wall Street dented by earnings
TOKYO (Reuters) – Asian stocks ticked up on Tuesday, staying near a nine-month high as hopes of stabilization in the Chinese economy helped investors shrug off Wall Street’s underperformance that followed disappointing bank earnings. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Read More

Asia stocks hover below nine-month high after Wall Street stalls

3 days ago DieselGasoil Comments Off on Asia stocks hover below nine-month high after Wall Street stalls
TOKYO (Reuters) – Asian stocks hovered below a nine-month high on Tuesday after disappointing bank earnings dented Wall Street, though recent signs that the global economy is likely to avoid a sharper downturn helped limit the losses. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage Read More