The negotiations between ByteDance and Microsoft will be overseen by the Committee on Foreign Investment in the United States, a U.S. government panel that has the right to block any agreement, the sources added.
REUTERS: President Donald Trump has agreed to give China's ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft Corp, two people familiar with the matter said on Sunday. U.S. officials have said TikTok under its Chinese parent poses a national risk because of the...
SINGAPORE: The Monetary Authority of Singapore (MAS) will award Standard Chartered Bank (Singapore) additional privileges as a Significantly Rooted Foreign Bank (SRFB), allowing it to operate more places of business. Standard Chartered is the first bank to qualify as a Significantly Rooted Foreign ...
STANDARD Chartered Bank Singapore has been granted additional privileges as the first bank to qualify as a Significantly Rooted Foreign Bank (SRFB) in the Republic, the Monetary Authority of Singapore (MAS) said on Monday.
TOKYO: Japan's factory activity contracted at the slowest pace in five months in July, in a sign that pressures on manufacturers were easing somewhat and raising hopes that the worst impact from the coronavirus pandemic was over. Gross domestic product data out later this month is expected to show...
The U.S. dollar ticked up in early Monday trade, clinging to its rebound late last week, but mounting concerns about a slowing U.S. economic recovery from coronavirus epidemic kept a lid on gains.
Marathon Petroleum Corp sold its Speedway gas station network to 7-Eleven Inc, a subsidiary of Japan's Seven & i Holdings Co, for US$21 billion in an all-cash deal, the companies said on Sunday.
Asian shares and the dollar made a cautious start to the new month on Monday as U.S. lawmakers struggled to hammer out a new stimulus plan and a global surge of new coronavirus cases showed no sign of abating.
Oil prices fell on Monday on concerns about oversupply as OPEC and its allies, together known as OPEC+, are due to pull back from production cuts in August while an increase in COVID-19 cases worldwide raised fears of slower pick-up in fuel demand.
The company made the statement following a conversation between is CEO Satya Nadella and U.S. President Donald Trump. It said it would ensure that all private data of TikTok's American users is transferred to and remains in the United States.
