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- NewsAFP News
Xi tells Blinken US, China should be 'partners, not rivals'
Chinese President Xi Jinping on Friday told top US diplomat Antony Blinken that the world's two biggest economies should be "partners, not rivals", but that there were a "number of issues" to be resolved in their relations."There are still a number of issues that need to be resolved, and there is still room for further efforts," the Chinese leader added.
4-min read - BusinessAFP News
Miner Anglo American rejects BHP's near $39-billion takeover bid
British mining giant Anglo American on Friday rejected a blockbuster $38.8-billion takeover bid from Australian rival BHP, slamming it as "highly unattractive" and "opportunistic"."The proposed structure is also highly unattractive, creating substantial uncertainty and execution risk borne almost entirely by Anglo American, its shareholders and its other stakeholders."
3-min read - BusinessAFP News
Yen falls further as Bank of Japan stands pat on rates
The Bank of Japan kept its ultra-low interest rates unchanged Friday and stopped short of signalling another hike, pushing the yen to a fresh 34-year low against the dollar.- Global outlier - The BoJ has been a global outlier in sticking to an ultra-loose policy while other central banks pushed rates up as they fought against surging inflation -- causing a wide differential that saw investors push into other currencies.
3-min read - BusinessAFP News
Asian markets mixed as strong US tech earnings offset poor data
Markets were mixed on Friday after forecast-topping earnings from Microsoft and Alphabet helped soothe worries that a tech-fuelled rally may have been overdone, while the yen hit a fresh 34-year low after the Bank of Japan stood pat on interest rates.The rally has been helped by blockbuster reports from heavyweights Microsoft and Alphabet, which topped estimates, while the latter also announced its first dividend.
3-min read - BusinessReuters
Huawei's smart car tech offers automakers route to China sales
It's taken Huawei just four years to become a force in smart car technology, navigating the devastation of trade sanctions on its smartphones business while simultaneously developing a driver assistance system that is the darling of the Beijing auto show. Huawei Technologies has two huge booths at this week's event, and there are at least seven Chinese automakers touting its Qiankun installed in their cars as the most sophisticated advanced driving assistance system (ADAS) to date. Even German
4-min read - BusinessAFP News
Clean energy drives massive BHP takeover bid
BHP's multi-billion-dollar bid to buy rival Anglo American promises to be the largest mining merger deal in decades, and one driven by the race for cleaner energy and green metals.Analysts say the rationale behind BHP's near US$40 billion bid can be summed up in one word: copper.
4-min read - PoliticsHuffPost
Biden Campaign Trolls Donald Trump With Stark Contrast Of What He Says... And What He Does
The president's campaign highlighted how his predecessor's actions didn't line up with his comments.
1-min read
