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Monthly Archives: February 2018

Alibaba revenue jumps 56%; the China retail giant also buys stake in Ant Financial

Aly Song | Reuters Jack Ma, Chairman of Alibaba Group, and actor Nicole Kidman attend a show during Alibaba Group’s 11.11 Singles’ Day global shopping festival in Shanghai, China, November 10, 2017. Alibaba, China’s biggest e-commerce company, reported a 56 percent increase in third-quarter revenue, beating analysts’ expectations as the …

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Republicans altered classified Trump-Russia memo

Getty Images Committee ranking member Rep. Adam Schiff (D-CA) speaks during a hearing before the House (Select) Intelligence Committee November 1, 2017 on Capitol Hill in Washington, DC. The ranking Democrat on the House Intelligence Committee says Republicans substantially altered the classified memo about the origins of the FBI’s Trump-Russia …

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Macron and Rihanna to reunite in Africa for education drive

Getty Images | ehdi Taamallah | NurPhoto Rihanna is welcomed by the First Lady Brigitte Trogneux as she arrives for a meeting with French President Emmanuel Macron at Elysee Palace on July 26, 2017 in Paris, France. French President Emmanuel Macron is set to meet with global superstar Rihanna at …

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Chemicals giant DowDuPont is upbeat on growth as sales rise 14%

Mike Blake | Reuters DuPont products are shown for sale in a hardware store in National City, California, December 9, 2015. U.S. chemicals producer DowDuPoint reported a 14 percent rise in net sales for the fourth quarter as a strong global economy led to robust demand and higher prices for …

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South Korea complains to US about ‘unfairness’ of safeguard measures

Mike Theiler | Bloomberg | Getty Images President Donald Trump in the Oval Office of the White House in Washington, D.C. on Tuesday, Jan. 23, 2018. South Korean trade representatives have made a strong complaint to the United States about the “unfairness” of safeguard measures against imported washing machines and …

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CAS overturns doping decisions on 28 Russian athletes

Fabrice Coffrini | AFP | Getty Images A supporter waves a Russian flag in front of the logo of the International Olympic Committee (IOC) at their headquarters on December 5, 2017 in Pully near Lausanne, Switzerland. The Court of Arbitration for Sport (CAS) has upheld appeals from 28 out of …

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Shell earnings Q4 2017

Daniel Acker | Bloomberg | Getty Images A driver delivers 7,500 gallons of unleaded gasoline to a Shell station in Peoria, Illinois. Oil giant Royal Dutch Shell reported profits more than doubled in the fourth quarter of 2017 on Thursday, supported by a recent rally in oil and gas prices. …

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Roche 2017 earnings

Gianluca Colla | Bloomberg | Getty Images The headquarters of Roche AG in Basel, Switzerland. Roche said 2017 net income fell 9 percent as the Swiss drugmaker took charges for the impairment of goodwill and intangible assets as well as amortisation of intangible assets. IFRS net income dropped to 8.8 …

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Kazakhstan pushes for US deals — helped by China’s investments

China’s “Belt and Road” investments in Kazakhstan are paying off, allowing the Central Asian country to promote itself as an attractive market for the U.S. and other global investors. During a Jan. 16 visit to the White House, Kazakh President Nursultan Nazarbayev declared a “new era of relations” between the …

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January manufacturing Purchasing Managers’ Index

Feng Li | Getty Images Workers assemble televisions on the production line of Tianle Group Co., Ltd on July 3, 2012 in Shengzhou of Zhejiang Province, China. A survey focused on small and mid-size manufacturing in China beat expectations on Thursday as factory output hit a 13-month high. The Caixin/Markit …

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