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China’s Alibaba buys stake in Spielberg firm

  Beijing / AFP Chinese internet billionaire Jack Ma has bought a stake in cinema legend Steven Spielberg’s company, they said, the latest tie-up between China and Hollywood as they seek to make movies for audiences in the Middle Kingdom and beyond. Alibaba Pictures, a unit of Ma’s sprawling e-commerce conglomerate, has taken a minority shareholding in Spielberg’s Amblin Partners, ...

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Vietnamese court rejects lawsuits over fish deaths

  HANOI / AP A court in central Vietnam rejected lawsuits from hundreds of fishermen seeking compensation from a Taiwanese steel company for losses caused by its release of toxic chemicals that killed a large number of fish and caused one of the country’s worst environmental disasters. Catholic priest Dang Huu Nam, who helped the fishermen file the lawsuits at ...

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Noble Group sells $1.5bn US business

  Singapore / AFP Beleaguered Asian commodities trader Noble Group said on Monday it has agreed to sell its North American energy business to US power generator Calpine Corp for a total $1.05 billion. The Singapore-listed firm said the sale brings it closer to completing an initiative to raise $2.0 billion in capital as it strengthens its finances to turn ...

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