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US Congress report tags China firms as ‘security threat’

Washington/Hong Kong: China’s top telecoms gear makers should be shut out of the US market as potential Chinese state influence on them poses a security threat, the US House of Representatives’ Intelligence Committee said in a draft of a report to be released on Monday.

US intelligence must stay focused on efforts by Huawei

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Cheap valuation is not enough for a China rally

Shanghai/Singapore: The last time China’s stocks were this cheap in 2008, the benchmark index rose 83 per cent in a year.

Now is different as policymakers struggle to reverse the worst economic slowdown in more than a decade, the most-accurate strategists say.

While the Shanghai Composite Index trades at 11.4 times the earnings of China’s biggest c

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Woolworths to turn stores into Trust

Sydney: Woolworths, Australia’s largest retailer, will spin off A$1.41 billion (Dh5.2 billion) of stores and shopping malls into a real estate investment trust as it seeks to boost shareholder returns.

The company will transfer 69 shopping centres in Australia and New Zealand to a new company, Sydney-based Woolworths said in a

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French and German governments must reduce their stakes in defence company EADS

London: The French and German governments must reduce their stakes in defense company EADS NV for the UK to allow a proposed merger with BAE Systems PLC to go ahead, Britain’s defense secretary warned on Sunday.

Philip Hammond said Britain would veto the mega-merger of the aeronautics and defense companies if this requirement wasn’t satisfied.

“It i

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Indian exchanges seek narrower trading range

Mumbai: Indian exchanges asked the market regulator to narrow the range it allows some stocks to trade after erroneous orders caused a record plunge in the S&P CNX Nifty Index, according to officials familiar with the proposal.

Price limits for 216 of the biggest and most liquid stocks should be lowered from 20 per cent to 9 per cent, the three

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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