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US and China to discuss trade

Senior US officials are to discuss trade disputes next week with a top Chinese economic official when he visits Washington, a senior US official said on Friday as US President Donald Trump considers new tariffs on steel imports. The talks are to be led by USFULL STORY

Chinese mogul buys biggest single stake in Daimler

Chinese billionaire Li Shufu (李書福) has bought a nearly 10 percent stake in Mercedes-Benz maker Daimler AG, making him the German group’s largest single shareholder, a stock market filing showed on Friday. Li, who chairs auto giant Geely Automobile Holdings Ltd (吉利汽車), bought a 9.69 percentFULL STORY

AI and 5G the main focus at Mobile World Congress

Phone makers will seek to entice new buyers with better cameras and bigger screens at the world’s biggest mobile fair starting tomorrow in Spain after a year of flat smartphone sales. However, with no major innovations awaited in handsets, analysts expect the four-day Mobile World CongressFULL STORY

Dropbox hopes to raise US$500m in stock market debut

One of the world’s largest online services for backing up documents, photos and videos is opening its files in an initial public offering (IPO) of stock. Dropbox Inc is hoping to raise US$500 million in an IPO that comes 11 years after it started in SanFULL STORY

Citi to reimburse US$335m after credit card review

Citigroup Inc, one of the world’s largest credit-card issuers, said it is to refund US$335 million to US customers whose annual percentage rate (APR) should have been lower. The lender determined that a method it was using to calculate APRs did not properly reflect the fullFULL STORY

The car of the future might come with pop-up ads

By Gabrielle Coppola and David Welch

Picture this: You are driving home from work, contemplating what to make for dinner, and as you idle at a red light near your neighborhood pizzeria, an ad offering US$5 off a pepperoni pie pops up on your dashboard screen. Are you annoyed that your carFULL STORY

Blockchain could reshape the world – but into what?

By Josh Hall

Attack of the 50 Foot Blockchain, reads the title of a book published last year. From currency speculation through to verifying the provenance of food, blockchain technology is eking out space in a vast range of fields. For most people, blockchain technologies are inseparable fromFULL STORY

Off-grid electricity pioneers pour into West Africa

By Joe Bavier

Standing by a towering equatorial forest, Jean-Noel Kouame’s new breeze-block house might be beyond the reach of Ivory Coast’s power grid, but it is perfectly located for solar power entrepreneurs. Buoyed by success in East Africa, off-grid solar power start-ups are pouring into West Africa, offeringFULL STORY

US stocks rally as Fed eases rate worry

US stocks rallied on Friday, lifted by gains in technology stocks and a retreat in US Treasury yields as the US Federal Reserve eased concerns about the path of interest rate hikes this year. The US central bank, looking past the recent stock market sell-off andFULL STORY

RBS, Valeo limit gains by European shares

European shares ended Friday in positive territory after a choppy session, posting a slim weekly gain as investors digested a flurry of company results that included disappointing updates from Royal Bank of Scotland PLC (RBS) and Valeo SA. The STOXX 600 closed up 0.23 percent atFULL STORY

Oil up for week on Libya woes, falling US supply

Crude rose for a second week as US supplies drain and a key Libya oil field was shut. News of a production halt at Libya’s 70,000 barrel-a-day El-Feel field helped cap a weekly drop of more than 3 percent, after a report on Thursday showed storageFULL STORY

Deal wizard of S African gold mining scares investors

Investors might be running out of patience with Sibanye Gold Ltd’s colorful chief executive, Neal Froneman. The South African miner’s stock on Thursday plunged by a record 16 percent after the company said it might consider selling assets, metals streams and — only as a lastFULL STORY

Asian shares recover on better market sentiment

Hong Kong stocks rose on Friday, capping a Lunar New Year holiday-shortened trading week, as main indices managed to recover much of the damage done during the rout earlier this month. The MSCI Asia-Pacific index on Friday rose 1.2 percent to 178.13, up 0.9 percent fromFULL STORY

US dollar edges up on expectation of an aggressive Fed

The US dollar edged higher against a basket of major currencies on Friday, extending its recovery from a three-year low last week, as the potential for a more aggressive US Federal Reserve prompted investors to pare bearish bets against the greenback. The US dollar index,FULL STORY

World Business Quick Take

CHINA Property market cools down China’s home prices rose in fewer cities last month as the government persisted with an almost two-year campaign to cool the market. New home prices, excluding government-subsidized housing, climbed in 52 of 70 cities tracked, compared with 57 in December last year,FULL STORY

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