Business

Tianhan Chen | Cpressphoto | Getty Images The skyline of the city of Beijing, China on March 25, 2016. Beijing China’s capital stands out ahead of its Asian peers in terms of the scale and valuation of its start-up scene. Home to as many as 7,000 start-ups and more than 40 unicorns — businesses with
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A survey focused on small and mid-size manufacturing in China was released on Wednesday, showing better than expected growth. The private Caixin/Markit PMI, which focuses on small and mid-size businesses in China, came in at 51.1 for April, versus an expected 50.9. In March, it was 51. A reading above 50 indicates expansion, while a
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Blue Origin has launched its New Shepard rocket Sunday from its facility near Van Horn, Texas in the company’s first flight of 2018. The vehicle — named after the first American in space, Alan Shepard — launches vertically from the West Texas facility. Founder Jeff Bezos, who invests $1 billion each year into Blue Origin
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DENVER — Twenty years after California first legalized marijuana use for sick people, “medical marijuana” has become a billion-dollar business so cloaked in emotion that it would be virtually impossible to dismantle. Without any real national discussion, most Americans now live where it’s possible to get pot for pain, nausea or other ailments. Thirty states already
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Russian sanctions-hit businessman Oleg Deripaska has agreed in principle to reduce his stake in Russia’s En+ Group, which manages his aluminum and hydropower assets, to less than 50 percent, the company said in a statement on Friday. Washington imposed sweeping sanctions on some of Russia’s biggest companies and businessmen on April 6, striking at allies
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U.S. wireless carriers T-Mobile and Sprint have made progress in negotiating merger terms and are aiming to successfully complete deal talks as early as next week, people familiar with the matter said on Thursday. T-Mobile majority-owner Deutsche Telekom and Japan’s SoftBank, which controls Sprint, are considering an agreement that would dictate how they exercise voting
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Visa reported second-quarter earnings that beat analysts’ expectations on Wednesday. Here’s how the company did compared with what Wall Street expected: Earnings: $1.11 per share vs. $1.02 per share forecast by Thomson Reuters Revenue: $5.07 billion vs. $4.81 billion forecast by Thomson Reuters That revenue figure represents year-over-year growth of about 13 percent. In the
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Luxury British carmaker Aston Martin is expanding in China, the world’s biggest car market, on the back of positive growth figures, the company’s CEO said Wednesday. “We’ve seen this explosion of growth in China,” CEO Andy Palmer told CNBC’s Nancy Hungerford at the Beijing Auto Show, discussing the expansion of Aston Martin dealerships in the
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