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PRESS DIGEST- Financial Times - Nov 27
The following are the top stories in the Financial Times. Headlines. Big pharma to unveil 1 bln stg boost for May's post-Brexit vision http://on.ft.com/2jq88cH. Meredith and Koch brothers buy Time Inc (TIME) in $2.8 bln deal http://on.ft.com/2joYjvR. ChemChina's chief dealmaker joins Beijing fund http://on.ft.com/2jqeMjo. Overview.
Chinese companies agree to develop LNG in Alaska as Trump visits
BEIJING, Nov 9 (Reuters) - China's top state oil major
Sinopec, one of the country's top banks and its sovereign wealth
fund have agreed to help develop Alaska's liquefied natural gas
sector as part of U.S. President Donald Trump's visit, the U.S.
government said on Thursday.
China-backed buyout fund founder charged in U.S. insider trading case
SAN FRANCISCO (Reuters) - The founder of a private equity firm with Chinese state backing has been charged with insider trading related to the attempted acquisition of Lattice Semiconductor Corp , U.S. authorities said on Monday.
China cancer specialist Chi-Med plans $262 mln share offering
LONDON, Oct 25 (Reuters) - China-based cancer and immunology
drug specialist Hutchison China MediTech, or Chi-Med,
said it aimed to offer $262 million of American Depositary
Shares, subject to market conditions, to help fund development
of its pipeline.
Dow, S&P 500, Nasdaq jump to fresh intraday records as energy shares rallies
U.S. stocks climbed on Tuesday at the open as the energy sector rallied and as the International Monetary Fund raised its outlook for global growth, reinforcing optimism about the health of the world economy that has helped drive equities to all-time highs. The Dow Jones Industrial Average advanced 78 points, or 0.4%, at 22,839, the S&P 500 index gained 10 points, or 0.4%, at 2,554, aided by a firm climb in the energy sector, measured by the Energy Select Sector SPDR ETF. Meanwhile, the Nasdaq Composite Index rose 27 points, or 0.4%, to 6,607. All three benchmarks notched intrady records in early Tuesday trade. The IMF said roughly 75% of the world's economy is sharing in the acceleration, a broader recovery than any in a decade. But it warned that a too-quick tapering from quantitative-easing measures by the European Central Bank and China failing to get a handle on its credit growth as factors that could derail economic progress. In corporate news, Procter & Gamble Co. shares gained as the consumer-products giant held an annual general meeting where a proxy vote among shareholders will decide on whether Trian Fund Management LP's chief executive officer, Nelson Peltz, gets a seat on the company's board. Meanwhile, Wal-Mart Stores Inc. shares were leading blue-chip gains, up 2.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 1-China-backed fund shunned by Trump to buy British chip maker
Sept 22 (Reuters) - Canyon Bridge Capital Partners, the
China-backed buyout fund that was barred last week by U.S.
President Donald Trump from buying a U.S. chip maker, said it
would purchase British chip designer Imagination Technologies
China Green AgricultureCGA
China Life Insurance Company LimitedLFC
China Ming Yang Wind Power Group LimitedMY
China Mobile (Hong Kong) Ltd.CHL
China Nepstar Chain Drugstore LtdNPD
China New Borun CorporationBORN
China Petroleum & Chemical CorporationSNP
China Southern Airlines Company LimitedZNH
China Telecom Corp LtdCHA
China Unicom (Hong Kong) LtdCHU