Date
23 August 2019

Business

  • Xiaomi uses data from phone activity to create credit profiles. Photo: Bloomberg

    Xiaomi banks on phone data for finance play in India

    Aug 23, 2019 1:43pm
    Xiaomi Corp. (01810.HK) is poised to launch a consumer lending business in India in the coming weeks, making an ambitious tilt at the booming financial services market where data privacy concerns and fierce competition present formidable...
  • Some market participants expect the Federal Reserve to ease the monetary policy further by the year's end or next year. Photo: Reuters

    Reasons behind rapid growth of bonds with negative yield

    - Aug 23, 2019 11:43am
    The outstanding amounts of bonds trading in the negative yield territory have been growing rapidly. This is a rather old situation. The total market size of negative-yield bonds was around US$5.8 trillion in early October last...
  • Tesla's share price plunged after its founder and CEO Elon Musk admitted to taking pills to sleep. Photo: Reuters

    Should we factor in company head’s health when investing?

    - Aug 23, 2019 11:14am
    After Tesla’s founder Elon Musk admitted to taking pills to sleep in an interview with the New York Times, the share price of the electric car maker tanked 9 percent in a single day. This shows...
  • Currently, the two largest REITs in the United States are telecom infrastructure REITs, which invest mainly in telecommunication towers. Photo: Reuters

    How REITs evolve with economic development

    - Aug 23, 2019 11:14am
    Asia-Pacific real estate investment trusts (REITs) have seen massive growth in the last two decades, growing from a US$6 billion sector of only Australian and New Zealand REITs to over 250 REITs and over US$370 billion...
  • The negative supply shocks from the US-China trade and technology war would be more or less permanent, as would the reduction in potential growth. Photo: Reuters

    The anatomy of the coming recession

    - Aug 23, 2019 10:38am
    There are three negative supply shocks that could trigger a global recession by 2020. All of them reflect political factors affecting international relations, two involve China, and the United States is at the center of each....
  • Boeing’s latest 737 narrow-body model, the MAX, has been grounded worldwide since March. Photo: AFP

    FAA inviting global Boeing 737 MAX pilots to simulator tests

    Aug 23, 2019 10:12am
    The US Federal Aviation Administration said it will invite Boeing 737 MAX pilots from across the world to participate in simulator tests as part of the process to recertify the aircraft for flight following two fatal...
  • VMware, led by CEO Pat Gelsinger, has made two acquisitions in a bid to serve corporate clients better. Photo: Bloomberg

    VMware acquires software firms in deals worth US$4.8 bln

    Aug 23, 2019 10:09am
    California-based VMware has acquired two providers of cloud security and cloud developer services in separate deals valued at US$4.8 billion in total. One deal involved the acquisition of Pivotal Software, while the other marked the purchase...
  • The eOne deal will provide Hasbro more story-led global family brands including popular TV shows such as Peppa Pig and PJ Masks, Photo: Bloomberg

    Hasbro to acquire Peppa Pig owner eOne in US$4 bln deal

    Aug 23, 2019 9:42am
    US toymaker Hasbro will buy Canada-based studio Entertainment One (eOne) for about US$4 billion, expanding into the lucrative infant and preschool market by gaining access to popular TV shows like Peppa Pig and PJ Masks, Reuters reports. The...
  • The Tokyo Tower, center, and other buildings are seen from the rooftop of Mori Building's Toranomon Hills project in the Japanese capital. Photo: Bloomberg

    Mori Building starts US$5.5 billion real estate project in Tokyo

    Aug 22, 2019 2:32pm
    Mori Building Co. has started work on a US$5 billion real estate project that will include Japan’s tallest building and an emphasis on overseas residents, in the latest sign of developers’ bullishness on Tokyo beyond the...
  • Unicom says a 'co-build, co-share' strategy can help Chinese mobile network operators as they roll out 5G. Photo: Bloomberg

    Why China Unicom has called for 5G network sharing

    - Aug 22, 2019 12:37pm
    As China seeks speedy rollout of 5G mobile networks, state-owned telecom operators are faced with the challenge of meeting the government targets while also ensuring that the additional expenditure does not throw the firms’ balance sheets...
  • Standard Chartered supported the government to uphold social order and “guard the status of Hong Kong as an international financial center”. Photo: Bloomberg

    HK banks condemn violence, urge restoration of social order

    Aug 22, 2019 11:42am
    Some of Hong Kong’s biggest banks published full-page newspaper advertisements on Thursday calling for the preservation of law and order in the city and condemning violence, as weeks of pro-democracy protests show no sign of abating....
  • The plan will deepen the alliance between Daimler and its Chinese truck JV partner Beiqi Foton. Photo: Reuters

    Daimler to make Mercedes Benz heavy trucks in China: report

    Aug 22, 2019 11:06am
    German automaker Daimler AG plans to build Mercedes Benz-branded heavy trucks in China by revamping truck plants owned by its local joint venture, Reuters reports, citing a document it has seen and two sources familiar with...
  • Under the deal, Fitbit will supply its trackers free of charge but on the condition that users will spend S$10 (US$7.23) per month for a year. Photo: Reuters

    Fitbit wins deal for 1 mln new users in Singapore health plan

    Aug 22, 2019 9:36am
    Fitbit Inc. said it won a contract with the Singapore government to provide fitness trackers and services to up to one million of the country’s citizens as part of a health initiative that begins in October,...
  • Minutes from the US central bank's July policy meeting have revealed that several policymakers were opposed to a rate cut. Photo: Reuters

    Fed minutes show deep divisions on rate cut

    Aug 22, 2019 9:22am
    US Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts, Reuters reports, citing minutes...
  • US President Donald Trump said he believes a trade deal with China is still possible. Photo: Reuters

    Trump: ‘I am the chosen one’ to take on China over trade

    Aug 22, 2019 8:16am
    US President Donald Trump said he is “the chosen one” to address trade imbalances with China, even as congressional researchers warned that his tariffs would reduce US economic output by 0.3 percent in 2020, Reuters reports....
  • BYD aims to move to completely electric-powered vehicles. Photo: Bloomberg

    BYD profit triples as China electric car boom continues

    Aug 22, 2019 7:39am
    Chinese electric car maker BYD Co. Ltd. (01211.HK, 002594.CN) posted a 203.6 percent rise in first-half profit as the country’s new energy vehicle market continues to surge. The Shenzhen-based company, which is backed by US investor Warren...
  • Apple will decide by the end of this year whether to take on BOE Technology as a supplier of organic light-emitting displays (OLED). Photo: Bloomberg

    Apple plans to tap BOE Technology for iPhone screens: Nikkei

    Aug 22, 2019 7:38am
    Apple Inc. is in the final stages of certifying advanced screens from Chinese display maker BOE Technology Group Co. Ltd. (000725.CN) for its iPhones, as it attempts to reduce reliance on Samsung Electronics, the Nikkei reports....
  • Greene King is expected to bring stable cash flow to CK Assets while providing a business that is internet-proof. Photo: Bloomberg

    Why Greene King is a good fit for CK Asset’s business portfolio

    - Aug 22, 2019 7:31am
    CK Asset Holdings (01113.HK), controlled by Hong Kong billionaire Li Ka-shing, said it will pay 2.7 billion pounds (US$3.28 billion) to acquire the 220-year-old pub and beer company Greene King in the United Kingdom. In recent...
  • Nike is striving to build closer connection with customers through digital and other initiatives. Photo: Bloomberg

    Nike steps up direct-to-consumer push

    - Aug 21, 2019 12:59pm
    Amid a paradigm shift in retail management, companies have been under growing pressure to pursue digital transformation and adopt Big Data-related business models. Among the consumer-driven firms that have embraced such path early on is global...
  • Alibaba could launch the Hong Kong deal as early as in October, seeking to raise US$10 billion to US$15 billion, when political tensions in the city ease. Photo: Xinhua

    Alibaba postpones HK listing amid protests: report

    Aug 21, 2019 12:41pm
    China’s biggest e-commerce company Alibaba Group Holding Ltd. has delayed its up to US$15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, Reuters reports, citing two people with knowledge of...

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