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Chinese video streaming service iQiyi debuts on Nasdaq

ChinesevideostreamingserviceiQiyiInc.rangtheNasdaqStockMarketopeningbellonThursdayincelebrationofitsinitialpublicoffering(IPO).Thecompany,tradingunderthetickers

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Mobile phones imports of Pakistan rise by over 14 pct.

ByAPDwriterMuhammadSohailISLAMABAD,March29(APD)--ImportofmobilephonesinPakistanduringfirsteightmonthsoffiscalyearfromJuly2017toFebruary2018haveincreasedby14.51p

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Chinese online video platform Bilibili debuts on Nasdaq

BilibiliInc.,aChineseonlineplatformforanimatedvideo,rangtheNasdaqStockMarketopeningbellonWednesdayincelebrationofitsinitialpublicoffering(IPO).Bilibili,tradingu

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Salesforce to buy MuleSoft for 5.9 billion USD

Salesforce.comIncsaidonTuesdayitwouldbuyUSsoftwaremakerMuleSoftIncforabout5.90billionUSdollarsinacash-and-stockdeal,illustratingCEOMarcBenioff’spushtobolsterthe

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China's appetite for foreign exchange expanded in February

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

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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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Steve Jobs pre-Apple job application fetches $174,000 at auction

Aone-pagejobapplicationfilledoutbySteveJobsreflectingtheApplefounder’stechnologyaspirations,morethanfourdecadesago,hassoldfor174,000USdollarsataUSauction,moreth

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California bullet train costs soar to $77 bln; opening delayed

TheprojectedcostofCalifornia’sbullettrainbetweenSanFranciscoandLosAngeleshasjumpedto77billionUSdollarsandthecompletiondatehasbeenpushedbackfouryearsto2033,accor

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‘Black Panther’ pounces into China on likely historic weekend

“BlackPanther”isofficiallytheworld’shighestgrossingsuperheromovieofalltimebutthisweekenditisfacingitsfinalchallengeintheworld’ssecond-largestfilmmarket,China.At

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U.S. dollar jumps amid Trump's tariff announcement

TheU.S.dollarindexroseagainstmostothercurrenciesinlatetradingonThursday,asinvestorswereawaitingformoredetailsaboutU.S.PresidentDonaldTrump'stariffplan.TheU.S.do

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'The Wolf of Wall Street' producers to pay $60 mln to US in lawsuit

Thecompanybehindthe2013film,“TheWolfofWallStreet”,agreedtopaytheUnitedStatesgovernment60millionUSdollarstosettleacivillawsuitthatsoughttoseizeassetsallegedlybou

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Einstein letter fetches $100,000 at Jerusalem auction

AletterpennedbylegendaryphysicistAlbertEinsteindiscussingoneofhisgroundbreakingtheoriessoldinJerusalemonTuesdayforover100,000USdollarsaspartofthetroveofdocument

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Overseas Pakistanis invest over 8bln USD per year in local realty sector

ByAPDwriterMuhammadSohailISLAMABAD,March1(APD)--OverseasPakistanisannuallyinvestatleasteightbillionUSdollarsinthelocalrealtysector,givenitsattractiverateofretur

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India orders closure of 35 foreign branches of state-owned banks

India'sFinanceMinistryThursdayorderedtheclosureof35branchesofstate-ownedbanksinforeigncountries,daysafterthecountry'sbiggest-everbankfraudof1.8billionU.S.dollar

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Oscar nominees ride publicity bounce at box office

Onlyonemoviewilltakehomethebest-pictureOscaratSunday’sAcademyAwards,butseveralcontendershavecapitalizedontheirnominationsbybankingtensofmillionsofdollarsoverthe

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Chinese electric vehicle startup NIO hires 8 banks for US$2 bln IPO

ChineseelectricvehiclestartupNIOhashiredeightbanksincludingMorganStanleyandGoldmanSachstoworkonaplannedUSstockmarketlistingthisyearworthupto2billionUSdollars,pe

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Trump tax cut fuels record profit for Buffett's Berkshire

WarrenBuffett’sBerkshireHathawayInconSaturdayreportedarecordquarterlyandannualprofit,fueledbyabigcutintheUScorporateincometaxratechampionedbyPresidentDonaldTrum