Hong Kong’s pre-owned homes sales slump amid Covid-19 pandemic
Several buyers have shifted their interest toward new project
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Alibaba Health plans to secure $1.06 billion through share sale
The company is offering 400 million new shares for the deal
Global oil prices increase for the first time in six months
Many economies have resumed manufacturing activities
Grab secures $200 mn funding from Stic Investments
The capital infusion puts Grab’s valuation at $14.3 billion
Seven & i takes over Marathon Petroleum’s Speedway gas stations for $21 bn
The acquisition will help Seven & i to increase its store count in Canada and the US
Asian petroleum refiners worry over imbalance in demand and supply
Petrol refining margins slumped to 4 cents per barrel in the last week of July
Siemens Healthineers acquires Varian Medical Systems for $16.4 billion
Healthineers will gain a sizable market share in the rapidly growing field of cancer treatment
Nigeria topped Africa’s crude oil production in 2018: IEA
South Africa produced majority of the coal in Africa in 2018
Samsung plans to capture Indian smartphone market
The company holds second position in the smartphone market with 26 percent market share in the second quarter
HSBC reports unexpected first quarter profit amid Covid-19 pandemic
On a net basis, the bank reported a second-quarter profit of $192 million