Date
25 April 2018

BUSINESS

  • The high-priced iPhone X is said to be encountering poor market response, a development that may drag on iPhone shipments throughout the year. Photo: AFP

    Is the iPhone past its glory days?

    - Apr 25, 2018 10:57am
    Apple is scheduled to announce its quarterly results next week. Investors are eager to learn about the company’s latest guidance on iPhone shipments as external sources have said sales were significantly down in the first three months of...
  • Today’s capital markets are highly oriented toward short-termism, as evidenced by capital-flow volatility and the short holding period of stocks, which has fallen from an average of eight years in the '60s to eight months today. Photo: Bloomberg

    Time for a global financial makeover

    Apr 25, 2018 9:26am
    In 2015, United Nations member states came together and committed to achieving a comprehensive and universal set of 17 Sustainable Development Goals (SDGs) spanning all dimensions of economic and social development. Investment will be indispensable to...
  • Facebook, which is struggling to contain a data privacy scandal, says it has deleted a number of accounts and pages that advertised and sold social security numbers and other information on some people. Photo: Reuters

    Facebook removes accounts advertising stolen identities

    Apr 25, 2018 8:56am
    Facebook has removed a number of accounts and pages that advertised and sold social security numbers, addresses, phone numbers, and alleged credit card numbers of dozens of people, Reuters reports. “Posts containing information like social security...
  • Hainan has been popular with people looking to acquire holiday homes in China’s only tropical island, but new property rules could put an end to this buying spree. Photo: China Daily

    Tough rules for non-local buyers to hit Hainan property market

    - Apr 25, 2018 8:55am
    In anticipation of supportive policies to celebrate the 30th anniversary of Hainan as a special economic zone, not a few investors bought Hainan concept stocks, including Agile Property Holdings (03383.HK), which has a large land bank...
  • Benjamin Chow, a co-founder of Canyon Bridge Capital Partners, was charged with tipping a friend in 2016 about his firm's planned acquisition of Lattice Semiconductor. Photo: Reuters

    China-backed buyout fund founder guilty of insider trading

    Apr 25, 2018 8:52am
    A partner of a private equity firm with Chinese state backing was found guilty in a US court of insider trading related to the attempted acquisition of Lattice Semiconductor Corp., Reuters reports, citing prosecutors in New...
  • Softbank's Vision Fund is among the entities that have participated in a new fund-raising exercise by Chinese truck-hailing services firm Manbang. Photo: Bloomberg

    Softbank, Alphabet invest in China truck-hailing firm

    Apr 25, 2018 8:37am
    Chinese truck-hailing service platform Manbang has raised US$1.9 billion from a group of investors including Japan’s Softbank Group and Alphabet’s venture capital fund CapitalG. Manbang, formally known as Full Truck Alliance Group, said on Tuesday that...
  • WhatsApp will ask European users to confirm they are at least 16 years old when they are prompted to agree to new terms of service. Photo: Reuters

    WhatsApp raises minimum age in EU to 16 ahead of new data law

    Apr 25, 2018 8:34am
    WhatsApp, the popular messaging service owned by Facebook Inc., is raising its minimum age from 13 to 16 in Europe to help it comply with new data privacy rules coming into force next month, Reuters reports....
  • Twelve partner companies and "incubatees" of Hong Kong Science and Technology Parks Corporation won 15 awards at the 46th International Exhibition of Inventions of Geneva. Photo: Internet

    HKSTP delegation bags 15 awards at top invention show

    - Apr 24, 2018 5:55pm
    A dozen partner companies and “incubatees” of Hong Kong Science and Technology Parks Corporation (HKSTP) brought home 15 awards from this year’s International Exhibition of Inventions of Geneva, the world’s most prestigious innovation show. The awards include...
  • With a total reach of 30 million to 50 million websites, Google tracks its users whether or not they are logged in. Photo: Bloomberg

    Google collects more data on users than Facebook does: report

    - Apr 24, 2018 3:30pm
    After Facebook’s Cambridge Analytica scandal, Alphabet-owned Google’s data practices may be under fire next. Writing in the Wall Street Journal, Christopher Mims explains how the search engine giant hoovers up user data through apps, web browsing,...
  • The new PBOC governor Yi Gang acknowledged that interest-rate differentials with the United States are in a "comfortable range". Photo: Reuters

    HK and China: Travelling in different directions

    - Apr 24, 2018 2:11pm
    North Asian equity markets face a stark choice: follow the Fed or follow China. The Fed is expected to hike rates at least three times in 2018 while the economy experiences fiscal easing. In contrast, China...
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