Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Silver Lake to invest $1 billion in retail arm of India’s Reliance
By Sankalp Phartiyal and Chris Thomas NEW DELHI/BENGALURU (Reuters) - Reliance Industries Ltd said on Wednesday U.S. private equity firm Silver Lake Partners will invest $1.02 billion in its retail bu...
Sep 09, 2020
Exclusive: Baidu, investors in talks to raise $2 billion for biotech startup – source
By Yingzhi Yang and Brenda Goh BEIJING/SHANGHAI (Reuters) - Chinese tech giant Baidu is in talks with investors to raise up to $2 billion over three years for a biotech startup, which will use AI tech...
Sep 09, 2020
Explainer: A peek into China’s $14.6 trillion asset management industry
SHANGHAI (Reuters) - China is further opening up its financial markets to overseas investors, easing restrictions on foreign investments in securities, retail funds, private funds, banking and insuran...
Sep 09, 2020
Virgin Australia to cull a third of its Boeing 737 fleet under Bain ownership
SYDNEY (Reuters) - Virgin Australia Holdings Ltd said on Wednesday it is returning a third of its fleet of Boeing Co 737 planes to lessors and financiers as part of a turnaround plan under new owner B...
Sep 09, 2020
China’s biggest airshow cancelled in 2020 over pandemic
BEIJING (Reuters) - The organiser of China's biggest airshow, set for November in the southern city of Zhuhai, has cancelled the event because of coronavirus measures, it said on Wednesday. The bienni...
Sep 09, 2020
Israel’s Bank Hapoalim expects to work with UAE banks once normalisation accord signed
DUBAI (Reuters) - Israel's largest lender Bank Hapoalim expects to start working with banks in the United Arab Emirates once the two Middle East governments sign a normalisation agreement, its chief e...
Sep 09, 2020
Mexico voids BlackRock consortium’s bid for ‘Mayan Train’ project
MEXICO CITY (Reuters) - Mexico declared void a tender process, where a consortium that includes U.S. investment group BlackRock Inc was the sole bidder, to build a section of one of the government's f...
Sep 09, 2020
U.S. firms in China increasingly fear soured ties will last for years: survey
By Brenda Goh SHANGHAI (Reuters) - U.S. companies in China are increasingly fretful that trade tensions between the world's two biggest economies will drag out over years and nearly a third said their...
Sep 09, 2020
India’s Reliance Jio to roll out 100 million low-cost phones by December: Business Standard
BENGALURU (Reuters) - Reliance Industries Ltd's telecom unit is looking to outsource the manufacturing of over 100 million low-cost smartphones that will be built on Google's Android platform, India's...
Sep 08, 2020
SoftBank unveils headquarter just as COVID-19 forces office decamp
By Sam Nussey TOKYO (Reuters) - SoftBank Group Corp on Wednesday unveiled the building that will house its new WeWork-designed headquarters, in a long-planned move that comes just as the COVID-19 pand...
Sep 08, 2020
