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Knicks, Lakers most valuable NBA clubs - Forbes

TheNewYorkKnicksandLosAngelesLakersstilltopthelistofmostvaluableNBAclubs,accordingtoasurveyreleasedWednesdaybyForbes--whichforthefirsttimesayseveryfranchiseiswo

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Spotify generates third quarter revenue of $1.2 billion

MusicstreamingserviceSpotifyhadrevenueofabillioneuros($1.24billion)initsthird-quarter,puttingitontrackforafullyearrevenueofmorethan4billioneuros($4.95billion),T

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Saudi oil giant Aramco’s IPO eyes binding interests with major powers

ByAPDwriterMeiXinyuTranslatedbyMaQianSaudioilgiantAramcohasbeenreadyforitsfirstinitialpublicoffering(IPO)inthesecondhalfof2018,butitstillhastowaitforagreenlight

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Alibaba leads $1.24 bln investment in film unit of China's Wanda

DalianWandaGroupissellingastakeworth1.24billionUSdollarsinitslistedfilmbusinesstoapairofinvestorsledbyAlibabaGroupHoldingLtd,astheconglomeratelookstobringinstra

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Boeing may express interest in Canada fighter jet bid

BoeingmayexpressinterestinajetfightercompetitioninCanadadespitearecenttraderow,butisstillstudyingthematter,aseniorexecutivesaidonMonday.BoeinghasuntilFeb.9toexp

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Chiinese e-commerce giant JD.com takes on Amazon with UK research center

Chinesee-commercegiantJD.comisplanningtoopenanartificialintelligenceresearchcenterintheUK,aspartofitsambitiousplanstoenterEuropeandexpandglobally.TheAIfacility,

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China's national forest parks become popular travel destinations

WiththeapprovaloftheStateForestryAdministration(SFA),twoforestparksineastChina'sAnhuiProvincehavebeenupgradedintonationalparksthankstotheirstunningsceneryandimp

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China's Leshi says debts worth $900 mln due in 2018

LeshiInternetInformationandTechnology,thelistedarmoftechnologycompanyLeEco,expects5.62billionyuan(893.69millionUSdollars)ofdebtstomaturethisyear,furtherexacerba

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Alibaba revenue jumps 56 percent, buys stake in Ant Financial

AlibabaGroup,China’sbiggeste-commercecompany,reporteda56percentincreaseinthird-quarterrevenue,beatinganalysts’expectationsasthefirmshruggedoffanyconcernsaboutam

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Chinese, British banks sign deal on Belt and Road cooperation

ChinaDevelopmentBank(CDB)andStandardCharteredBankhavesignedadealworth10billionyuan(about1.6billionU.S.dollars)onBeltandRoadcooperation.CDBwillmakeavailableupto1

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Apple reports all-time high revenue in 4th quarter

U.S.tophi-techleaderApplesaidThursdaythatithasachievedanall-timehighrevenueforitsfiscalfourthquarterendedSept.30,2017,withanincreaseof12percent.TheSilicon-Valle

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China's ZTE Corp to raise $2 billion in share placement for 5G plans

ChinesetelecomequipmentmakerZTECorpissteppingupitspushtobuildafifthgenerationmobilenetworkbyseekingtoraise13billionyuan(2.1billionUSdollars)viaaprivateplacement

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Swedish telecoms giant Ericsson rings up huge losses in 2017

SwedishtelecomsgiantEricssonsaidWednesdaythatitranguphugelosseslastyearasnetworkcompetition,restructuringcostsandinvestmentinlightning-fast5Gtechnologypusheditd

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Samsung Electronics posts record earnings in 2017 on strong chip sales

SamsungElectronicspostedrecord-highearningsinthecompany'shistorylastyearduemainlytostrongsalesofsemiconductor,theSouthKoreancompanysaidWednesday.Samsunglogged53

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Canon sees 2018 profit surging to decade high, diversification pays off

Japan’sCanonIncsaidonTuesdayitexpectsoperatingprofittoclimb27percentin2018toitshighestlevelinadecade,asitreapstherewardsofitseffortstodiversifyawayfromcopiersan

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Chinese Internet giants to the rescue on $5.4bn Wanda property deal

DalianWandaGroupconfirmeda34billionyuan(5.4billionUSdollars)dealonMonday,thatbringstogethersomeofChina’sbiggestcompaniesandcontinuesatrendofcloserintegrationbet

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India likely to put pedal to metal on asset sales

India’sgovernmentmaylooktoraiseasmuchasarecord1trillionrupees($15.7billion)fromthesaleofstateassetsinthenextfiscalyeartohelpmeettoughfiscaldeficitlimitswhilegiv