Business

Lakers, LeBron top NBA sales as Giannis, Doncic rise

  NEW YORK, NY (AFP) — LeBron James and his Los Angeles Lakers remain the top moneyspinners in NBA jersey and team merchandise sales with Giannis Antetokounmpo and Luka Doncic reaching new popularity heights in 2019. Figures announced Friday by …

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Asian markets rise as China, US finally put pen to paper on deal

HONG KONG, China (AFP) — Asian markets rose early Thursday as details were released of the China-US trade deal signed in Washington, with analysts saying it would allow investors to turn their focus to the global outlook and earnings season. …

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World stocks tread water as easing US-China tensions boost yuan

NEW YORK, United States (AFP) — Global stocks were range-bound on Tuesday while the yuan advanced against the dollar after Washington said it no longer considered China a currency manipulator and tensions eased between the economic titans. New York was …

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Saudis pledge to maintain oil market stability

RIYADH, Saudi Arabia (AFP) — Saudi Oil Minister Prince Abdulaziz Ben Salman said Monday the kingdom has taken every step to secure its oil facilities and guarantee market stability amid rising regional tensions. The US drone strike that killed Iranian …

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US unveils tighter foreign investment rules for national security

  WASHINGTON, DC (AFP) — Tighter new rules governing sensitive foreign investments will take effect in a month, US officials said Monday, broadening the president’s ability to review and block transactions that could threaten national security. The new rules enforce reforms …

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China confirms negotiator to sign trade deal in US next week

by Beiyi SEOW BEIJING, China (AFP) — China said Thursday that Vice Premier Liu He will travel to Washington next week to sign the “phase one” deal with the United States that has lowered trade tensions between the world’s two …

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Ikea to pay $46 mln to family of toddler killed in dresser accident

  WASHINGTON, DC (AFP) — Ikea has agreed to pay $46 million to the parents of a two-year-old boy who was killed when a chest of drawers tipped over on him, the family’s lawyer said Tuesday. Jozef Dudek died in …

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Stock markets usher in New Year with big gains

LONDON, UK (AFP) — Global stock markets powered ahead Thursday as investors welcomed 2020 with a raft of strong gains after China’s central bank announced fresh stimulus, dealers said. Asia kicked off the New Year on the front foot, with …

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Asian markets lifted by China support and trade optimism

HONG KONG, China (AFP) — Asian markets started the new decade on the front foot, with most rallying out of the blocks Thursday on lingering trade optimism, while China’s central bank announced fresh stimulus for the country’s stuttering economy. The …

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Huawei says ‘survival’ top priority as sales fall short

By Jing Xuan Teng BEIJING, CHINA (AFP) — Chinese telecommunications giant Huawei said Tuesday that “survival” was its top priority after announcing 2019 sales were expected to fall short of projections as a result of US sanctions. The global leader …

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Saudi Aramco raises $25.6 billion in biggest-ever IPO

by Anuj Chopra with Luc Olinga in New York RIYADH, Saudi Arabia (AFP) — Saudi Aramco on Thursday priced its long-awaited IPO at the high end of the target range, raising $25.6 billion and giving the energy giant a valuation …

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Huawei to shift research from hostile US to Canada: founder

  OTTAWA, CANADA (AFP) — Chinese tech giant Huawei, facing US criminal charges and economic sanctions, is planning to relocate its telecommunications research from the United States to Canada, founder Ren Zhengfei said in an interview published Tuesday. Speaking with …

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