Chinese tech giant Tencent signs $4.65 billion loan deal
HONG KONG Chinese tech giant Tencent Holdings has signed a $4.65 billion loan deal, Basis Point reported, amid a flurry of fund-raising by China's internet giants.
RANCHO MIRAGE, California U.S. President Barack Obama urged his Chinese counterpart, Xi Jinping, to "de-escalate" a contentious territorial dispute with Japan and deal with the matter through diplomatic channels, Obama's national security adviser said on Saturday.
Obama told Xi "the parties should seek to de-escalate, not escalate, and the parties should seek to have conversations about this through diplomatic channels, and not through actions out on the East China Sea," Thomas Donilon told reporters after a two-day informal summit in California.
A maritime territory dispute over islets in the East China Sea has escalated to the point where China and Japan scramble fighter jets and patrol ships shadow each other. The United States, a formal security ally of Japan, says it is neutral about sovereignty over the islets, but opposes use of force or unilateral efforts to change the status quo.
(Reporting by Matt Spetalnick; Editing by Eric Walsh)
SEOUL Tech giant Samsung Electronics Co Ltd said late on Monday that it plans to sell refurbished versions of the Galaxy Note 7 smartphones, the model pulled from markets last year due to fire-prone batteries.