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China: Tencent reports 70 % profit surge backed by strong games business

ChinesetechgiantTencentHoldingsLtdreportedonWednesdaya70%profitsurgeforthesecondquarterwithstrongperformanceofmobilegamesbusiness.Netprofitsurgedto18.2billionyu

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Bill Gates makes $4.6 billion pledge, his largest since 2000

BillGateshasmadehislargestdonationin17years,givingaway$4.6billionworthofsharesinMicrosoftCorp.Thebillionairephilanthropist,whohaslongbeentheworld'srichestman,do

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Chinese startup Toutiao raising funds at over $20 billion valuation

ChinesenewsaggregatorToutiao,backedbySequoiaCapitalandCCBInternational,israisingatleast$2billionatavaluationofover$20billioninitslatestfundinground,peoplefamili

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U.S. card firm Vantiv clinches $10 billion deal to buy Worldpay

U.S.creditcardprocessingcompanyVantivmovedclosertocreatinga$29billionglobalpaymentspowerhouseonWednesdaywithaformaloffertobuyBritain'sWorldpayfor8billionpounds(

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Experts hail rise of Egypt's foreign investments despite anti-terror war

TherecentincreaseofEgypt'sforeigndirectinvestments(FDI)amidthecountry'songoingwaragainstterrorismisapositiveindicatorthattheEgyptianeconomicreformprogramisonthe

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BMW profit rises more than expected on new 5-Series sedan

GermanluxuryautomakerBMWsaysnetprofitrose14percentinthesecondquarterasearningswereboostedbythenewversionofthe5-Seriessedan.Profitroseto2.21billioneuros($2.60bil

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Top 10 world's most profitable companies in 2017

Appleremainstheworld'smostprofitablecompanythisyear,evenasitsannualprofitsdeclined14.4percentinthemostrecentfinancialyear,accordingtoFortunemagazine.China's"Big

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Daimler finance arm expects record year after first-half gains

Daimler'sfinancearmsaiditwasheadingforanotherrecordyearaftersigningnearlyonemillionnewleasingandfinancecontractsbetweenJanuaryandJune.DaimlerFinancialServices,w

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HSBC announces profit increase, share buyback in signs of turnaround

HSBCHoldingsPLConMondaysaidprofitgrew5percentinthesixmonthsthroughJuneandannounceditsthirdsharebuybackinayear,indicatingcontinuedprogressinthesix-yearturnaround

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China bike-sharing firm Ofo in talks to raise $1 bln, led by SoftBank

ChinesestartupOfoisintalkstoraise$1billioninanewfundingroundledbyJapan'sSoftBankGroup,peoplefamiliarwiththemattersaid,inwhatwouldbethelargestfund-raisinginthena

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Forbes: Amazon CEO Bezos was briefly the world’s richest man

AmazonCEOJeffBezosbrieflybecametheworld’srichestmanThursdayinForbesmagazine’strackingofwealth,asstockinhise-commercecompanyhitanall-timehigh.MicrosoftfounderBil

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China Huawei's first half revenue rises 15 percent, slowest in four year

China'sHuaweiTechnologiesCoLtd,oneoftheworld'slargesttelecomequipmentmakers,postedonThursdaya15percentriseinfirst-halfrevenue,theslowestgrowthfortheperiodinfour

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Facebook posts $3.89bn quarterly profit, up 71% from last year

Facebookhasdeliveredamuchhigher-than-expectedquarterlyprofit,drivenbyasharpincreaseinsalesofmobilevideoads,sendingitssharestoanall-timehigh.Totalrevenuerose44.8

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Foxconn announces US manufacturing plant in Wisconsin

Taiwan-based electronics manufacturer Foxconn on Wednesday announced plans to build a 10 billion dollars worth LCD display panel screen plant in Wisconsin, a deal President Donald Trump asserted would not have happened without his efforts.

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Line Corp first-half profit jumps 39 percent, boosted by asset transfer

Japan'sLineCorpposteda39percentjumpinfirst-halfprofit,boostedbyatransferofassets.Themessagingappoperator,whichhasstruggledtogrowafterahigh-profileIPOin2016,sawo

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LG Display plans to invest $13.5 billion to boost OLED production

SouthKorea'sLGDisplayCoLtdoutlinedplanstoinvest$13.5billiontoboostproductionoforganiclight-emittingdiode(OLED)screensoverthenextthreeyears,aimingtoridesurgingde

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Baidu, JD.com join 12 billion US dollar China telecom investment

BaiduIncandJD.comwilljoinotherbigChinesetechnologyfirmstojointlyinvestabout12billionUSdollarsintheShanghai-listedunitofChinaUnicom,oneofChina'stopthreestate-own