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China to pilot domestic listing, CDR issuance for innovative firms

ChinaannouncedFridayapilotprogramtosupportinnovativecompanies'domesticlistingandissuanceofChinaDepositaryReceipts(CDRs),amechanismthatwillfacilitateChinesecompa

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China's Huawei net profit up 28 percent in 2017

China'stechnologyfirmHuaweisaidFridaythatitsnetprofitlastyearhadgrownby28percentto47.5billionyuan(7.55billionU.S.dollars).Itssalesincreasedby16percentfrom2016,r

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China to cut $63 bln in value-added tax in 2018

Chinawillofferataxreductionpackageamountingto400billionyuan(about63billionUSdollars)thisyeartobothdomesticandforeignenterprises,accordingtoaStateCouncilexecutiv

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Anbang's former chairman on trial in $10 billion fraud case

WuXiaohui,formerchairmanofAnbangInsuranceGroup,theChineseinsurerthatownstheWaldorfAstoriaNewYorkhotel,stoodtrialonWednesdayonchargesoffraudulentlyraising$10bill

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Microsoft will reach $1 trillion in market value within a year: analyst

Apple,Alphabet,andAmazongetmostoftheattentionwhenitcomestopredictingwhichtechgiantwillbethefirst$1trillioncompany.Butdon’tforgetaboutMicrosoft.Inanewreporttoinv

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US | 7 months after Harvey, flood-control projects’ fate unclear

Large-scaleprojectslongconsideredessentialtoeasingHouston’sfloodingwoeswenttothetopofthearea’sto-dolistafterHurricaneHarveyinundatedlargeswathsofthenation’sfour

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Trump intoxicates global trade with unfair tariffs, triggers outcry

ByAPDWriterXiaoMaFulfillinghiscampaignrhetoric,U.S.PresidentDonaldTrumponThursdaysignedadirectivetoimposeupto60billiondollars’worthoftariffsonChineseimports,end

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US lawmakers clinch $1.3 trillion spending deal to avert govt shutdown

UScongressionalbudgetnegotiatorssaidWednesdaytheyhadreachedadealonfederalspendingfortheremainderoffiscal2018,twodaysbeforeadeadlinetofundthegovernmentorriskashu

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China's appetite for foreign exchange expanded in February

China'sdeficitinforeignexchangetransactionsroseinFebruary,newfiguresshow.Forexpurchasesbybanksstoodat124.2billionUSdollarswhilesalesstoodat132.5billiondollars,a

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Alibaba to invest additional $2 billion in online mall Lazada

AibabaGroupsaidMondayitwillinjectafurther$2billionintoSoutheastAsianonlineshoppinggiantLazadaaspartofthegroup’songoingefforttoacceleratetheregion’se-commercedev

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FDI in Pakistan jumps 15.6 pct on massive Chinese inflows

ByAPDwriterMuhammadSohailISLAMABAD,March17(APD)--Pakistan’sforeigndirectinvestment(FDI)surgedby15.6percentduringJuly2017toFeb.2018largelydrawingstrengthfrommass

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Billionaire tycoon Li Ka-shing retires, hands control of empire to son

LiKa-shing,whoselifejourneyfromhumblebeginningstoAsia’sbiggestbusinessfortunesbecametheepitomeofentrepreneurshipthatinspiredgenerationsofHongkongers,hasannounce

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China’s e-commerce giant JD.com aims to raise $1.9 bln in fresh funding

JD.comInc’sfinancearmislookingtoraiseabout12billionyuan($1.9billion)infreshequitythatcouldseeitsvaluedoublefromlastyeartomorethan$20billion,threepeoplewithknowl

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Largest U.S. radio company iHeartMedia files for bankruptcy

IHeartMediaIncfiledforChapter11bankruptcyonThursdayasthelargestU.S.radiostationownerreachedanin-principleagreementwithcreditorstorestructureitsoverwhelmingdebtl

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US pressing China to cut trade surplus by $100 bln

TheadministrationunderUSPresidentDonaldTrumpispressingChinatocutitstradesurpluswiththeUnitedStatesby100billionUSdollars–not1billion,asTrumppreviouslymisstatedon

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India: PNB discloses $145 million additional exposure in fraud probe

ThePunjabNationalBankhastoldpolicethatithasuncoveredadditionalexposureofabout9.42billionrupees($145.2million)inconnectionwithamassiveallegedfraud,accordingtoaco

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Bank fee potential slashed as Trump ends Broadcom's Qualcomm takeover

Adozenbanksthatsignedontoprovidearecord100billionUSdollarbridgeloantobackBroadcomLtd’splanned117billionUSdollartakeoverofQualcommIncwillearnstarklylessthanplann