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Economy

The offer of HKD78.67 for each OOIL share was made in respect of the total of 429,950,088 OOIL shares representing 68.7% of its issued share capital. Under the terms of the deal, COSCO and SIPG will pay $78.67 Hong Kong (U.S. Korean shipping giant Hanjin filed for bankruptcy a year ago, while France's CMA CGM bought Singapore's Neptune Orient Lines. COSCO Shipping itself was created from the state-driven merger of former rivals China Ocean Shipping (Group) Company and China Shipping Group.
  • Kohli's men hope to continue ODI form

    Kohli's men hope to continue ODI form

    Economy

    This will be his first T20I at Sabina Park . The rapport Dhoni and Kohli share once again came to forefront as Kohli stood firmly behind his predecessor after questions were raised over Dhoni's form following India's ODI series win in West Indies .
  • G20 summit: Theresa May to challenge Trump over climate change

    G20 summit: Theresa May to challenge Trump over climate change

    Economy

    As the world's second-largest emitter, the USA involvement in the Paris deal is seen as crucial to global efforts to tackle climate change. "We are not renegotiating the Paris agreement, that stays, but I want to see the U.S. Are you concerned about the changing climate and how it may affect your community? Brown recently traveled to China as America's unofficial climate ambassador, and he met at the governor's mansion with Fijian Prime Minister Frank Bainimarama, who served as ...
  • Murray adds voice to concerns over courts

    Economy

    Two-time champion Rafael Nadal was next on Centre Court against Karen Khachanov , with defending champion Andy Murray to follow against Fabio Fognini . "It was a very up and down match, I didn't feel it was the best tennis at times, it was a bit tense, but I managed to get through". It's nice to play on these kind of courts against the best players.
  • Volvo is first major carmaker to forgo traditional engines

    Volvo is first major carmaker to forgo traditional engines

    Economy

    Håkan Samuelsson , president and chief executive of Volvo Cars, said, "This announcement marks the end of the exclusively combustion engine-powered vehicle". Volvo has announced that from 2019 onwards, none of its new models will be conventional gasoline-only. CEO Hakan Samuelsson said the shift to electric motors would "strengthen our brand image, which is a lot about protecting what is important for you (customers)".
  • USA to test THAAD amid North Korea tensions

    USA to test THAAD amid North Korea tensions

    Economy

    The leaders of the United States, Japan and South Korea on Friday condemned the ballistic missile test by North Korea this week as a "major escalation" and promised to apply "maximum pressure" to counter the isolated country's nuclear threat.
  • Modi hits Pakistan at G-20 summit

    Modi hits Pakistan at G-20 summit

    Economy

    And in the process, he also managed to further isolate Pakistan on the issue. Earlier at the informal meeting of the BRICS nations, the Prime Minister asked the G20 nations to collectively crackdown on terror financing, safe havens, "support and sponsors" of terrorism .
  • Shares in Ericsson (NASDAQ:ERIC) Acquired by Koch Industries Inc

    Shares in Ericsson (NASDAQ:ERIC) Acquired by Koch Industries Inc

    Economy

    The dominant statistics will authorize the investment community to govern the size of Telefonaktiebolaget LM Ericsson ( publ ) compared to the sales or total assets figures. Telefonaktiebolaget LM Ericsson ( publ ) (NASDAQ: ERIC ) price is pointing towards neither exit nor entry barriers, according to a technical analysis tool called the Relative Strength Index (RSI).
  • Labor Market Bouncing Back as Construction adds 16000 Jobs in June

    Labor Market Bouncing Back as Construction adds 16000 Jobs in June

    Economy

    The last time the unemployment rate was this low, wages were rising by roughly 4 percent. That was up seven-tenths of a percentage point from the 6.9 percent recorded in April and from 6.9 percent recorded a year ago in May 2016. Additionally, 72 percent of hiring managers polled in the CareerBuilder survey said they feel they have to start paying higher wages because the market has become increasingly competitive talent, with the majority saying this trend also applies to entry-level ...
  • Abe, Trump hold talks, eye greater pressure on N. Korea

    Abe, Trump hold talks, eye greater pressure on N. Korea

    Economy

    U.S. Secretary of State Rex Tillerson said Friday that freezing North Korea's nuclear program is unacceptable because Pyongyang's capabilities have already progressed too much and must be rolled back. "And as part of those negotiations, in close consultation with our South Korean allies, we could consider delaying or changing the scope of our joint military exercises", he said.
  • G20 Summit: PM Narendra Modi meets South Korea, Italy leaders

    G20 Summit: PM Narendra Modi meets South Korea, Italy leaders

    Economy

    India said today that it had "a major influence" on counter-terrorism discussions at the G20 Summit here with Prime Minister Narendra Modi raising the key issue with European leaders. After this Summit, in the evening, PM Modi will travel back to India. Besides a series of bilateral meetings, Modi had brief chats with various leaders at the Summit, including the International Monetary Fund chief Christine Lagarde and German Chancellor Angela Merkel.