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Search results for “currency exchange”
Dominant airlines in China take USD 2.5 billion currency hit
03/31/2016
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2:00:13 PM
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China's three major state-owned airlines combined suffered about USD 2.5 billion in foreign-exchange losses last year after the country unexpectedly devalued the RMB in August, squeezing passenger yields and limiting profit gains from cheap oil.
TripAdvisor first-quarter net income drops 57% in 2016
05/05/2016
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11:39:26 AM
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TripAdvisor posted 57% decline in net income to USD 27 million in the first quarter of 2016 as the company is spending on building its own internal booking system
UCAR raises RMB 3.68 billion in latest funding round
04/13/2016
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2:27:31 PM
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UCAR completed a financing round on February 29 and raised RMB 3.68 billion, pushing the company’s post-money valuation to RMB 28.7 billion, according to Charles Lu, chairman of the Chinese chauffeured service provider
Ctrip 2015 accommodation revenues up by 44%
03/17/2016
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10:43:59 AM
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Ctrip reported total revenues of RMB3.0 billion (US$468 million) for the fourth quarter of 2015, representing a 50% increase. For full year 2015, total revenues were RMB11.5 billion (US$1.8 billion), up by 48%.
China Eastern to expand routes to Europe, America and Australia
04/08/2016
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11:14:51 AM
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China Eastern Airlines is making strides in expanding route networks to Europe, America and Australia, with the goal of boosting its international capacity by 20% annually before 2020
Robots and hotels – just expect simple tasks as of now
03/27/2016
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10:15:44 PM
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Robots as a proposition for hotels are exciting and can charm guests. But can they go beyond this and understand what guests want? Probably yes, they can in the future.
Datalex upbeat on China, APIs and financials
03/23/2016
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11:07:49 AM
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Datalex signed China’s Beibu Gulf Air, part of the Hainan Group and also known as GX Airlines in 2015. It is Datalex’s third win in the country joining Air China and West Air. Chinese Customer Number 4 – currently unnamed – is slated to go live this month.
Marriott and Starwood sign amended merger agreement valued at $13.6 billion
03/22/2016
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11:09:50 AM
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Starwood decided that improved offer at $13.6 billion from Marriott is superior compared to previous proposal led by Anbang consortium at $13.2 billion.
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