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Cina
Uber to Sell to Rival Didi Chuxing and Create New Business in China
The merger ends more than a year of ruthless battles for market share in the mainland and values the new company at $35 billion.
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Giappone Vietnam
Heineken fizz falls flat as half-year profits drop
It said Vietnam stood out in terms of growth Vietnam's top brewer Sabeco to sell 53 percent stake: reportForeign investors roll out the barrel as Vietnam is thirsty for more beerBeer sales outpace economic growth in AsiaSapporo's Vietnam beer ops to remain in red for few more years: exec
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Cina
Uber to take backseat in China
Faced with massive losses in China, Uber is finally ready to take a backseat in the massive market, where it’s been soundly beaten by domestic ride-hailing service Didi Chuxing. As reported by Bloomberg and confirmed later by other news outlets, Uber will merge its China business with Didi, creating an ...
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Australia Nuova Zelanda
Wells Fargo completes acquisition of GE Capital’s commercial distribution finance business in Australia and New Zealand
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Svizzera
Credit Suisse to create U.S. banking business for billionaires
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Svizzera
Credit Suisse to create U.S. banking business for billionaires
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Giappone
Dollar falls below ¥102.50 on slow U.S. growth
The dollar dropped below ¥102.50 in Tokyo trading on Monday, weighed down by data showing slower-than-expected U.S. economic growth in April-June. At 5 p.m., the dollar was quoted at ¥102.38-38, down from ¥103.60-64 at the same time on Friday. The euro was at $1.1168-1168, up from $1.1087-1087, and at ¥114.34-35, ...
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Cina Giappone
Uber to sell Chinese unit to local rival Didi
Uber Technologies Inc. will sell its China business to Didi Chuxing, the dominant ride-hailing service in the country, according to people familiar with the matter. The deal ends a costly battle between the two companies, which competed for customers and drivers. The valuation of the combined business will be $35 ...
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Brasile Giappone
Train featuring Japanese athletes debuts on Yamanote Line
A special Yamanote Line train designed to cheer on Japanese athletes at the Rio de Janeiro Olympics made its debut Monday on Tokyo’s busy loop line. East Japan Railway Co. (JR East) designed the 11-car train in conjunction with Nippon Telegraph and Telephone Corp., Canon Inc., Asahi Breweries Ltd. and ...
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Giappone
Pension fund’s huge ¥5.3 trillion loss tied to management’s passive investing
Friday was a big day for the world’s largest pension fund, which posted its worst annual loss since the financial crisis and disclosed individual equity holdings for the first time. The two may be connected. The list of domestic shares owned by the ¥134 trillion Government Pension Investment Fund hews ...