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China set to post weakest growth in 29 years as trade war bites, investment sputters

China is expected to report on Friday that economic growth slowed to its weakest in nearly three decades in 2019 amid a bruising trade war with the United States, and more stimulus steps are expected this year to help avert sharper slowdown.

Markets

Cyber security firm McAfee hires new CEO

McAfee told Reuters on Thursday it has hired Peter Leav, the former CEO of BMC Software, as its new CEO, replacing Chris Young, who created the cyber security company in its current form by carving it out of Intel Corp four years ago.

Markets

Eli Lilly targets quarterly deals of US$1 billion-US$5 billion in 2020: CFO

Eli Lilly and Co aims to announce roughly one US$1 billion to US$5 billion deal every quarter in 2020, its chief financial officer told Reuters, as the U.S. drugmaker looks to build up its pipeline of future products.

Markets

Commentary: Investors, beware Apple’s impending share price crunch

In 2019, Apple's financial strategy consisted primarily of repurchasing its own shares, which had the effect of boosting the stock price artificially, says an expert.

Markets

Ukraine asks FBI to help probe suspected Russian hack of Burisma

Ukraine has asked the FBI in the United States for help investigating a suspected cyberattack by Russian military hackers on Burisma, an energy company caught up in the impeachment of U.S. President Donald Trump.

Markets

Which company just hit US$1 trillion? Google it.

As Google-parent Alphabet Inc became on Thursday the fourth U.S. company to top a market value of more than US$1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock's extraordinary gains.

Markets

Microsoft pledges to be ‘carbon negative’ by 2030

WASHINGTON: Microsoft said on Thursday (Jan 16) it would become "carbon negative" by 2030 as part of a ramped-up effort by the US tech giant to combat climate change. The company said the initiative would by 2050 remove from the environment all the carbon emissions it has created since it...

Markets

Comcast bets ads work on streaming TV, plans Peacock debut for April

Comcast Corp -owned NBCUniversal's new Peacock service, its belated entry into the streaming video wars, will offer free and US$5-per-month options with advertising, the company announced on Thursday.

Markets

Apparel retailer Gap calls off plan to spin-off Old Navy

Apparel retailer Gap Inc on Thursday called off a plan to spin-off its Old Navy brand due to weak business performance, costs and the complexity of splitting into two.

Markets

SPH to issue S$500m 3.2% senior unsecured notes due 2030

SINGAPORE Press Holdings (SPH) will be issuing S$500 million senior unsecured notes at par, under its S$1 billion multi-currency debt issuance programme.

Markets

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