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China online travel firm Ctrip in tie-up with rival Qunar

2015-10-26 20:42:19| IT Services - Topix.net

Chinese online travel company Ctrip.com International Ltd on Monday announced a tie-up with rival Qunar Cayman Islands Ltd and its backer Baidu Inc through a share swap. Under the deal, Ctrip.com will own roughly 45 percent of Qunar, according to the statement.

Tags: online travel china firm

 

Mideast Stocks-Saudi continues sliding, most other Gulf bourses firm

2015-10-26 02:32:25| Chemicals - Topix.net

The Saudi stock index edged up in early trade but soon resumed falling and closed down 1.4 percent, bringing its losses over four trading days to 6.7 percent. Leading petrochemical producer Saudi Basic Industries , its margins squeezed by low oil prices and facing the possibility that the government could raise gas prices to save money, fell 2.7 percent.

Tags: firm continues gulf sliding

 
 

Shipping firm Maersk slashes forecast

2015-10-23 11:19:05| BBC News | Business | UK Edition

Maersk, the Danish shipping and oil firm, said it will probably make $600m (389m) less profit than previously thought, as global demand dropped.

Tags: shipping firm forecast slashes

 

John Malone's Liberty Global in Talks to Acquire Caribbean Telecom Firm

2015-10-23 06:02:14| Telecom - Topix.net

A possible deal for Cable & Wireless would expand the international cable company's reach in the region and could be valued at $5 billion-plus. John Malone's Liberty Global said Thursday that it is in talks to acquire cable and telecom company Cable & Wireless Communications.

Tags: john global firm telecom

 

General Mills Launches Venture Capital firm for Food Startups

2015-10-22 21:28:00| Food Processing

General Mills is launching a new venture capital arm to nab a stake in small companies that could someday become big players in the grocery market.

Tags: general food capital firm

 

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