March, 2018

• 11 March

  Asia policy makers rethink inflation amid epic online shopping boom

  

  Bloomberg Inflation is getting a fresh look in Asia. Nowhere is the global e-commerce wave having more of an impact right now than in Asia, where the region’s burgeoning middle class is embracing clicks over mortar and companies are scrambling to meet their demand via new ventures or acquisitions. In the process, old methods of measuring prices based on the ...

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• 11 March

  Daimler says future deals with Geely hinge on China partner BAIC

  

  Bloomberg Daimler AG said future collaboration with its new largest shareholder Li Shufu will hinge on keeping the manufacturer’s existing Chinese partner on board. Li, whose holdings include Sweden’s Volvo cars and China’s Geely brands, emerged with a 9.7 percent holding in the world’s biggest luxury carmaker. The Chinese billionaire held initial talks with Daimler Chief Executive Dieter Zetsche, discussing ...

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• 11 March

  Australia denies ‘deal behind US tariff exemptions’

  

  Bloomberg Australian Minister for Trade and Investment Steven Ciobo denied that Australia struck a security agreement with the US to get exempted from tariffs on steel and aluminum announced by President Donald Trump. “Ultimately, we have a very healthy trade and investment relationship with the United States, especially the type that President Trump likes, and off the back of that ...

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• 11 March

  Renault deepens pact with Alibaba to boost China sales

  

  Bloomberg Renault SA is deepening a partnership with Alibaba Group Holding Ltd. to boost sales in China, a market the French carmaker is counting on as the biggest growth pillar in the coming years. As part of Renault’s push, Chinese consumers will be able to buy the company’s cars online through Alibaba’s Tmall service, Francois Provost, head of the automaker’s ...

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• 11 March

  Uber places bet on India in deal with cricket star

  

  Bloomberg Uber Technologies Inc has named India’s cricket captain—one of the world’s most expensive sports celebrities— as brand ambassador, signaling that while it may be ceding ground in Southeast Asia, it’s still trying to grow in the subcontinent. Virat Kohli would be its first brand ambassador in India in a “one of its kind initiative across the Asia Pacific region”, ...

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• 11 March

  Drug developer Hua picks Hong Kong for IPO

  Bloomberg Hua Medicine Ltd., a Shanghai-based developer of diabetes drugs, has picked Hong Kong over the US for its initial public offering as the Asian financial hub makes a push for biotech listings, people with knowledge of the matter said. The biotech drug developer is working with advisers Goldman Sachs Group Inc., CLSA Ltd. and UBS Group AG on a ...

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• 11 March

  Swiss cryptocurrency haven lands in $1 billion US lawsuit

  

  Bloomberg All is not well in Crypto Valley. One of the highest profile digital-currency projects in Switzerland, a country that’s been among the most enthusiastic advocates for cryptocurrencies, is under fire from both outsiders and insiders over allegations of false marketing and mismanagement, prompting its president to resign. Now the Tezos Foundation, which raised $232 million in an initial coin ...

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• 11 March

  UK lawmakers angry after Carillion paid millions to advisers

  

  Bloomberg British lawmakers released documents that show law firms and consultants got millions of pounds from Carillion Plc, a day before the failing company’s chairman asked for an emergency government loan in a letter that one committee head called a “ransom note.” Carillion’s board requested $13.9 million after paying more than 6 million pounds to companies including Ernst & Young ...

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• 11 March

  Trump ‘clarity’ on tariffs not what EU looked for

  

  Bloomberg Hours after EU trade chief Cecilia Malmstrom said she had “no immediate clarity” on whether the bloc will be let off the hook from planned US tariffs, President Donald Trump laid down his conditions and repeated a threat if they’re not met. “The European Union, wonderful countries who treat the US very badly on trade, are complaining about the ...

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• 11 March

  Brexit rift among Tories revealed in leavers’ WhatsApp messages

  

  Bloomberg A leak of WhatsApp chats from a Conservative Party group that favours a complete UK withdrawal from the European Union shows the breadth of animosity among factions in the governing party and the possible threat posed to a uneasy truce. The messages, published by BuzzFeed on March 10, are from the WhatsApp forum of the European Research Group, which ...

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