Sunday, November 5th, 2017

 

Shakeup stuns analysts who say it shows Saudis mean business

DUBAI, Nov 5 — Saudi Arabia’s unprecedented decision to arrest senior princes and billionaires shocked analysts across the region, but to some it’s a sign the kingdom is serious about change. The nation’s stocks declined. A newly formed…


Saudi Arabia arrests billionaire Alwaleed, Al-Eqtisadiah reports

RIYADH, Nov 5 — Saudi Arabia arrested prominent billionaire investor Prince Alwaleed bin Talal as part of an anti-corruption purge, Al-Eqtisadiah reported. Alwaleed is among 11 princes and 38 current or former senior officials that were…


Blockchain becoming the rage at US business schools

NEW YORK, Nov 5 — US business schools are beefing up training in the software that underlies digital currency bitcoin, a technology expected to be a game changer in many industries. The move makes sense as more students seek careers in…


Trump says US to push for ‘open and free’ Pacific on Asia trip

TOKYO, Nov 5 — President Donald Trump rallied US troops as he kicked off an 11-day tour of Asia in Japan, saying he would push for freedom in the region and fair trade in meetings with other leaders. “We will seek new opportunities for…


No joke: China’s war on pollution roils world’s top pig farming sector

ZHOUCUN, Nov 5 — When Zhang Faqing received a letter from the government last December ordering him to close his pig farm on the outskirts of Beijing with just two weeks’ notice, he thought it was a joke. After local officials visited his…


UK Plc wants end to Brexit ‘soap opera’ in bid for certainty

LONDON, Nov 5 — UK business called for an end to the “soap opera” of Brexit and a return to the spirit of national unity last seen in World War II as it pushed for certainty on Britain’s future relationship with the European Union….


Scandal-hit Kobe Steel has a ‘look the other way’ culture, they say in hometown

KOBE, Nov 5 — The fresh university graduate, eager to make a good impression on the job at one of Kobe Steel Ltd’s main plants in Japan, punched the wrong measurements into machines making steel pipes, causing a large batch to come out too…


Sprint, T-Mobile call off merger after months of talks

SAN FRANCISCO, Nov 5 — Sprint Corp and T-Mobile US Inc said yesterday they have called off merger talks to create a stronger US wireless company to rival market leaders, leaving No. 4 provider Sprint to engineer a turnaround on its own. The…


Sprint, T-Mobile call off merger after months of talks (VIDEO)

SAN FRANCISCO, Nov 5 — Sprint Corp and T-Mobile US Inc said yesterday they have called off merger talks to create a stronger US wireless company to rival market leaders, leaving No. 4 provider Sprint to engineer a turnaround on its own. The…


China’s Zhou warns on rising financial risk in blunt article

BEIJING, Nov 5 — China’s financial system is getting significantly more vulnerable due to high leverage, according to central bank governor Zhou Xiaochuan, who also flagged the need for deeper reforms in the world’s second-biggest economy….