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Xiaomi IPO: Xiaomi Falls Then Rises in Hong Kong Debut

Xiaomi IPO: Xiaomi Falls Then Rises in Hong Kong Debut

Speaking at the ceremonial opening of trading, Xiaomi's chairman Jun Lei acknowledged that the timing of the IPO might not be optimal given the state of trade friction between the USA and China . From day one, we've set up a dual-class share structure. The float adds to Hong Kong's $7 billion worth of new listings this year. Asked if the low pricing of Xiaomi and some other technology firms will weigh on upcoming IPOs, Hong Kong stock exchange CEO Charles Li said at the Xiaomi listing ... Consulte Mais Informação

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Chinese premier praises European Union, says free trade must be upheld

Chinese premier praises European Union, says free trade must be upheld

The 16+1 meeting of the central and eastern European nations and China is part of China's $900 billion "New Silk Road" plan to boost its influence in Europe through investments and closer economic links. Li downplayed such concerns, calling views that China is trying create rifts in Europe by pursuing deals with eastern European countries a "misunderstanding". Consulte Mais Informação

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Another Strong Jobs Report. Here’s Why Unemployment Jumped

The U.S. central bank raised interest rates last month for the second time this year and has projected two more rate hikes by year end. In addition, this report's less-favorable indicators - relatively sluggish wage growth and a higher unemployment rate due to increased labor-force participation - keep open the possibility of further enhancements to both the demand and supply drivers underpinning a continued expansion that is stronger and more inclusive. Consulte Mais Informação

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China accuses Trump of launching ‘the biggest trade war in economic history’

China accuses Trump of launching ‘the biggest trade war in economic history’

Trump maintains the tariffs will pressure China to address trade complaints from the United States , including intellectual property theft. Beijing insists it's the injured party. The American Chamber of Commerce in China appealed to both sides to negotiate. Acadiana soybean farmers are bracing for the worst case scenario after China imposes tariffs on American products. Consulte Mais Informação

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Mark Zuckerberg Now Third Richest Person On Earth

Mark Zuckerberg Now Third Richest Person On Earth

Facebook stock closed at an all-time high of Friday, ending the day at $203.23 up 2.41% on a rally that shows that investors love the social network more than ever. Tech-created fortunes comprise about 20% of the $5 trillion in wealth tracked by Bloomberg's index, the most of any industry sector. Facebook allowed political strategy firm Cambridge Analytica - which helped Donald Trump's campaign - to harvest the private data of 87 million users. Consulte Mais Informação

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Jaguar Land Rover warns of annual £1.2billion Brexit loss

Jaguar Land Rover warns of annual £1.2billion Brexit loss

Jaguar Land Rover ( JLR ) has stated that it will need access to the single market beyond Brexit to stay competitive and greater certainty to continue to invest in the UK. JLR joins a growing list of companies which have raised concerns about potential disruption to business if Britain crashes out of the bloc next March without a trading agreement with the European Union, a so-called hard Brexit . Consulte Mais Informação

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China says forced to react after United States launches ‘largest trade war’

China says forced to react after United States launches ‘largest trade war’

They kicked in just after midnight ET, which is noon in Beijing. President Donald Trump is preparing to slap tariffs on Chinese goods early Friday, the first shot in a trade war between the world's two biggest economies . It's also bigger than the $506 billion of goods that the United States imported from China a year ago. "We urge the two governments to come back to the negotiation table with the aim of having productive discussions based on achieving results - focused on fairness ... Consulte Mais Informação

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China trade war could drive prices up and growth down

China trade war could drive prices up and growth down

Trump has vowed for years to tackle Chinese trade practices, accusing Beijing of stealing US intellectual property and slammed the $375 billion USA trade deficit with the country. "They are a vital trading partner, and we need to continue to do business with China without the sting of these tariffs", Heisdorffer said. And if Trump extends the tariffs to $550 billion in Chinese imports , there's no way consumers could avoid being caught in the crossfire: The taxes would have to hit consumer ... Consulte Mais Informação

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