Alibaba Sells Intime Department Store Arm for $1 Billion Amid Restructuring
Alibaba Group sells its department store arm, Intime, to Youngor Fashion for 7.4 billion yuan ($1.02 billion) as part of its strategic business restructuring.
Business News
Indian Stock Market Opens Lower Amid Global Uncertainty
Indian equity benchmarks, BSE Sensex and Nifty50, opened lower on Tuesday amid global uncertainty. Analysts note resistance near 24,800 for Nifty and fluctuations in the India VIX....
Walmart China Joins Forces with Meituan to Boost E-commerce Growth
Walmart China partners with Meituan to accelerate e-commerce growth, connecting its stores to Meituan's delivery ecosystem and expanding its Sam's Club presence in China.
Top Brokerages' Stock Picks for December 17: A Deep Dive
Brokerages provide insights on stock recommendations, including 'sell' calls for Indian IT majors and 'buy' recommendations for PI Industries and Aurobindo Pharma. Also, BEML's upg...
Philippine Central Bank Set to Cut Rates, Further Easing Expected in 2025
The Philippine central bank is expected to cut its key policy rate by 25 basis points on December 19th, driven by controlled inflation and a weakening economy. Further cuts are for...
Singapore's Non-Oil Domestic Exports Surge in November, Defying Expectations
Singapore's non-oil domestic exports grew 3.4% in November, driven by electronics sector. Non-electronics exports declined, with major drops in pharmaceuticals and petrochemicals. ...
Meta Settles Cambridge Analytica Scandal with Australian Watchdog for $31.85M
Meta Platforms settles with Australia's privacy watchdog for A$50 million over the Cambridge Analytica scandal, ending a lengthy legal battle. The scandal involved the disclosure o...
Meta Settles Facebook Quiz App Privacy Breach for $32 Million
Meta Platforms settles a $32 million privacy breach case with the Australian Information Commissioner, ending proceedings related to Facebook's personality quiz app and the Faceboo...
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