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Western Digital to raise Toshiba chip offer to $18 billion or more

2017-06-12

Western Digital Corp (WDC.O) plans to raise its offer for Toshiba Corp's (6502.T) prized semiconductor unit to 2 trillion yen ($18 billion) or more, a person familiar with the matter said, marking a last-ditch effort to clinch a deal that both companies consider vital.

Biggest Chinese overseas acquisition completed at 43 billion US dollars

2017-06-09

Chinese state-owned chemical giant, ChemChina, announced Thursday it has finalized its 43 billion US dollars acquisition of Swiss agribusiness giant Syngenta.

Japan optimistic about economy despite disappointing GDP figures

2017-06-09

Japan remains optimistic about economic growth despite disappointing GDP figures.Despite the downward revision of first quarter growth, the government is confident that the economy is on the road to steady recovery, citing positive signs in other economic indicators.

The economic cost of the Qatar-GCC rift

2017-06-09

A diplomatic rift between Qatar and its Gulf neighbors may cost them billions of dollars by slowing trade and investment and making it more expensive for the region to borrow money as it grapples with low oil prices.

CB keeps key interest rates unchanged

2017-06-09

The European Central Bank (ECB) Thursday decided here to maintain the key ECB interest rates at present levels for an extended period of time.

OECD announces global economic growth of 3.5% for 2017

2017-06-08

The global economy is set to grow 3.5% this year before nudging up to 3.6% in 2018, the Paris-based Organization for Economic Cooperation and Development (OECD) forecast on Wednesday.

Chinese tourists to Sri Lanka record growth in May

2017-06-08

Sri Lanka recorded a 15.6 percent growth in Chinese tourist arrivals in May, compared to the same period last year, although overall tourist arrivals fell by 2.5 percent, statistics from the Sri Lanka Tourism Ministry showed Wednesday.

Oil jumps as Qatar ditched, London attacks hurt sterling

2017-06-06

Oil jumped after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain cut ties with Qatar on Monday while sterling slipped after the weekend attacks in London that killed at least seven people and wounded 48, just days before Britain's general national election.

China's economy likely to slow while avoiding steep fall

2017-06-05

As China continues its moves to contain leverage and financial risks, its growth may slow, but a steep decline is unlikely due to a buttressing effect from reforms and burgeoning new growth drivers.

South Korea's Lotte Mart to sell loss-making stores

2017-06-02

Lotte Mart, the retail arm of South Korea's Lotte Group, is expected to sell some of its loss-making stores in China, a South Korean newspaper reported.