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Holidays Are a Good Time to Boost Mobile Sales

Holidays can be a trying time for any company. While some companies see increased profitability and patronage during this time of year, other businesses struggle with marketing, consumer interest and increasing labor costs. However, many of these issues can be eliminated by adapting your ecommerce platform to the mobile-centric nature of today’s online shoppers. How to Increase Mobile Sales During ...

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Coca-Cola opens new $100 million plant in Cambodia

PHNOM PENH Coca-Cola Co (KO.N) opened a new $100 million facility in Cambodian capital Phnom Penh on Monday to expand its production capacity in the Southeast Asian nation. The plant, situated on a 12-hectare land in a special economic zone on the outskirts of the city, will employ 817 people and it will be powered by solar power, Prime Minister ...

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European shares seen lower as Renzi loses referendum, Italian banks in focus

MILAN European shares were expected to open lower on Monday after Italian Prime Minister Matteo Renzi announced his resignation following a crushing defeat in a constitutional referendum. By 0705 GMT, futures on the Euro STOXX 50 STXEc1 , Germany’s DAX FDXc1, France’s CAC FCEc1 and UK’s FTSE FFIc1 were down between 0.8 and 1.3 percent. Italian shares are likely to ...

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Trump-Taiwan Call Signals Trade Implications, Distancing From Traditional Allies

Princeton professor Aaron Friedberg, a former Asian affairs adviser to vice president Cheney, shares his concerns about Donald Trump’s China policy with NPR’s Ailsa Chang. AILSA CHANG, HOST: China lodged a protest with the U.S. government yesterday after Donald Trump’s phone conversation Friday with the president of Taiwan. That call was the first between a U.S. president, or president-elect, and ...

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China trainmaker CRRC to build more plants abroad in expansion plan: China Daily

SHANGHAI Chinese trainmaker CRRC (601766.SS)(1766.HK) plans to build more factories abroad as part of its plan to double sales outside of China to up to $15 billion by 2020, state-run China Daily reported on Monday. CRRC expects a total of $8 billion worth of orders from overseas customers this year, and was also open to teaming up with competitors to ...

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Sharp CEO Tai says to step down once stock returns to TSE first section

TOKYO Sharp Corp (6753.T) CEO and President Tai Jeng-wu told reporters on Monday he would step down once the Japanese electronics maker turns profitable again at the net level and its shares return to the first section of the Tokyo Stock Exchange. Tai, vice chairman of Foxconn, became president of Sharp in August after the Taiwan company, formally known as ...

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Burberry rejects multiple takeover offers from Coach: Financial Times

British luxury fashion brand Burberry (BRBY.L) has rejected multiple takeover offers from U.S. handbag maker Coach Inc (COH.N), the Financial Times reported on Sunday. The market value of the combined company would have been above $20 billion, according to the Financial Times. (on.ft.com/2gRcis1) The report said proposals made by the U.S. company were informal and anticipated a cash and stock ...

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Oil prices fall as production creeps up ahead of announced 2017 output cut

By Henning Gloystein | SINGAPORE SINGAPORE Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated. Brent crude futures were trading at $53.89 per barrel at 0132 GMT, ...

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Wall St. stock futures fall after Italy referendum

U.S. equity index futures fell on Sunday after a stinging defeat for Italian Prime Minister Matteo Renzi, who said he would resign following a referendum over his proposals for constitutional reform. Exit polls and early projections on Sunday showed Renzi lost the referendum by a wide margin. “Buy bonds and sell stocks,” hedge fund investor Douglas Kass, who runs Seabreeze ...

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Panasonic in talks to buy ZKW for up to $1 billion: Nikkei

TOKYO Japan’s Panasonic Corp (6752.T) is in the final stages of talks to buy European automotive light maker ZKW Group for up to $1 billion, accelerating its push into the automotive electronics market, the Nikkei business daily reported Monday. The two companies could reach a basic agreement as early as this month, the Nikkei said. Privately held ZKW supplies light-emitting ...

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