Petrochemical Profits In Asia Affected By Oversupply, Trade War Crossfire
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Petrochemical Profits In Asia Affected By Oversupply, Trade War Crossfire

Reportedly, the profits from making petrochemicals across Asia have fallen to their lowest levels in months as the insistent trade conflict amid Washington and Beijing chokes Chinese demand for plastics and chemicals just as waves of new production begins to come on track. The output capacity globally for polyethylene—which is a chief ingredient for plastics […]

Japan Ending Intelligence Truce Shows Seoul Fails To Recognize Threat
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Japan: Ending Intelligence Truce Shows Seoul Fails To Recognize Threat

In the recent time, Takeshi Iwaya—Japanese Minister of Defense—said that South Korea’s verdict to end an intelligence-sharing truce was unfortunate and showed it has failed to realize the increasing national security menace posed by North Korean missiles. Iwaya said, “North Korea’s frequent missile tests threaten national security and cooperation amid Japan-South Korea and with the […]

Baidu Lost $60 Billion In Value From Last Year, Proceeds Expected To Fall
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Baidu Lost $60 Billion In Value From Last Year, Proceeds Expected To Fall

Reportedly, Chinese search titan Baidu is experiencing stiff competition from new competitors and has seen more than $60 Billion of its worth sniped from its peak last year. It is a part of China’s internet trio “BAT” (Baidu, Alibaba, and Tencent). But it is dealing with an increasingly hard-hitting advertising market and has been plummeting […]

Deliveroo To Stop Operations In Germany And Aim On Other Markets
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Deliveroo To Stop Operations In Germany And Aim On Other Markets

Reportedly, Deliveroo—British food delivery service—will stop operations across Germany and shift its attention on other markets, a spokesperson for the Amazon-backed firm stated. The pull out of Deliveroo—which reports it has 1,100 riders across five cities and less than 100 employees in Germany—reduces rivalry for Dutch competitor Takeaway.com, which in the past year settled to […]

Goldman Has A New Tactic For Tackling The Market Amid The Trade War
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Goldman Has A New Tactic For Tackling The Market Amid The Trade War

Reportedly, Goldman Sachs has a new plan for tackling the trade war, which is to purchase service-providing stocks and avoid the goods-manufacturing companies. The tactic involves purchasing companies like Google, Amazon, Microsoft, and J.P. Morgan Chase as the U.S.-China trade spat has affected share price and basics of goods-producing firms. In a note to clients, […]

Chinese Smartphone Maker Transsion Opts For STAR Stock Market To Go Public
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Chinese Smartphone Maker Transsion Opts For STAR Stock Market To Go Public

Shenzhen-based smartphone manufacturer, Transsion, confirmed that it would soon go public and its live trading information will appear on Shanghai’s STAR Market, according to TechCrunch. The company has been generating remarkable sales revenue in Africa. It could raise up to $426 Million ($3 Billion Yuan) with the support of STAR stock exchange market. Anyone can […]