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Hong Kong Disneyland Park

Hong Kong Disneyland Reported $19.1 Million Loss As Fewer Chinese Tourists Visit the Theme Park

Hong Kong Disneyland reported its first loss since 2012. Fewer tourists had come to visit the resort and theme park, with the biggest decline from Chinese tourists. China’s economic slowdown, along with political instability and the emergence of Shanghai Disneyland is believed to have affected the Chinese tourists.

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Con Zymaris, owner of IT consultancy Cyberscource and long time user of the Oper

Opera Software ASA Receives Acquisition Offer of $1.2 Billion From Chinese Internet Companies

Opera Software, widely known for browsers, has been offered $1.2 billion to sell its 100% stake to a Chinese consortium. The buyers are awaiting a nod from the shareholders who are almost sold on the tempting offer that reflects a win-win situation for both parties.

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Indonesian President Joko Widodo Visits China

Indonesian Government Will Allow Foreign Capital on More Sectors

The changes are part of the government's economic stimulus package, expected to boost the country's economic growth and create job openings. Indonesia's new regulations on investment would loosen current restrictions on foreign investments in various sectors, including e-commerce, retail and healthcare.

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The New Term Begins For Students At Oxford University

Student.com Raised $60 Million From High-Profile Investors to Help Students Find Accommodations

A startup focusing in the student accommodation markets just received $60 million from high-profile firms and individuals, led by VY Capital. Student.com will use the funds to expand its presence and service in the promising markets of international students accommodation. For now, most of Student.com's bookings came from Asia-based students.

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Ivy League Diversity

Venture Firm Qiming Received $648 Million in Venture Capital Fund

One of China’s biggest venture capital firm, Qiming, secured its fifth US dollar venture capital fund in total of $648 million. The fund will help expand the firm’s investments in Chinese top startups in various sectors such as internet, consumer, technology, healthcare, as well as cleantech.

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CHINA-ECONOMY-FOREX

China's foreign exchange stocks decline to trillions

China's foreign exchange reserves had declined reaching to trillions. However, the government made efforts to support the local currency from dropping further.

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The Prime Minister Visits The Olympic Park

World's largest steelmaker ArcelorMittal to raise $3 billion to reduce debts, sells Gestamp shares at $1 billion

The leading steel company, ArcelorMittal, has no option but to raise money to pay off its huge debts. The company has resorted to issuing shares and selling off its minority stake in Gestamp, the Spanish auto-parts manufacturing company. The decision should fetch Lakshmi Mittal almost $4 billion - $3 billion from share issue and $1 billion from Gestamp - and reduce the debt burden to some extent.

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Declining Stock Market In The Year Of Goat

Asian Markets Shows Remarkable Rise as Crude Oil Prices Increased

The rise of oil prices had brought positive growth to most of the Asian markets, except for Japan. On the other hand, European market had seen a drop. The oil prices increased overnight due to speculations that U.S Federal Reserve would possibly decide not to increase interest rates throughout 2016.

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Mickey And Minnie Mouse Welcome Everyone To Hong Kong Disneyland Resort

Shanghai Disneyland Announced Cheapest Ticket Prices

The Shanghai Disneyland's ticket prices would be 20 percent cheaper than Hong Kong Disneyland at 539 yuan, even though the Shanghai's area would be much larger. After being constructed for more than six years, the park would be ready to open for public this summer with possible further expansion.

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China's February New Loans Hit 535.6 Billion Yuan

ChemChina and Syngenta Agreed on a $34 Billion Takeover

Both ChemChina and Syngenta have agreed on the amount of $34 billion for ChemChina to acquire the Swiss company. The acquisition, if completed, would be the biggest foreign purchase ever made by a Chinese company. However, the trend shows that Chinese company are showing interest in investing overseas, especially in the Western countries.

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McDonald's, KFC To Establish Unions In China

Food Safety: US Meat Supplier Disputes Chinese Court Verdict Over Selling Substandard and Expired Meat in China

The supplier's subsidiary units in China was convicted for selling substandard and expired meats to restaurants including McDonald's and KFC. However, the company argued that the verdict was unjust and inconsistent with the evidence presented in court.

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Policemen and a police dog walk on patrol

21 people arrested in China over online scam reaching 50 bln yuan from investors

21 people were arrested by the Chinese police on account of a huge online financial scam. The P2P online lender Ezubao had almost pulled off the biggest scam in wealth management product industry, with almost 900,000 investors losing around $7.6 billion (50 billion yuan).

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Meijin Title - World Of Go

Google Just Beat Facebook In The Race To Artificial Intelligence Milestone

Google has set a milestone in the field of artificial technology, with its latest innovation AlphaGo. The program has been designed to tackle the 10 to the power of 700 variations that the ancient Chinese game of Go offers. Additionally, they beat FaceBook in this race, as Zuckerberg had announced the launch of a similar program called Darkforest around the same time.

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Rice Harvesting In North India

India is now the world's largest rice exporter, surpassing Thailand

India is now the world's largest exporter of rice, with 10.23 million tons of rice exported in 2015. The country outranked the former leader, Thailand whose export numbers have fallen to 9.8 million tons this year, which also recorded the lowest rice prices in the last ten years. It seems the falling prices are also tied to the global oil crisis that has hit the rice importers, thereby affecting their purchasing power.

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Mumbai Slum Redevelopment Stalled By Financial Crisis

China, India, and Thailand Are Among The Countries With Lesser Support for Global Innovation

The Information Technology and Innovation Foundation (ITIF) concluded the study based on 27 factors that bring both positive and negative impact towards global innovation. The study involved 56 countries, whereas China stood at the 44th rank, Thailand the 53rd, followed by India. ITIF also noted that supporting global innovation is crucial for countries' economic growth.

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