Date
25 June 2017

Business

  • The GeoHub online portal launched by the Los Angeles government provides real-time location-based data, such as traffic blackspots, temporary road closures and accidents, to government agencies, public and private organizations. Photo: esri.com

    Using data to anticipate city problems

    - Jun 23, 2017 12:31pm
    Earlier this year, Smart City Consortium (SCC) organized an Internet Economy Summit where Lilian Coral, Chief Data Officer of Los Angeles GeoHub, spoke about gathering and utilizing open data, sharing with the audience her experience and...
  • Travis Kalanick’s desire to keep expanding Uber's operations may not match major investors’ interest in generating some hard cash and profit. Photo: Reuters

    Will Travis Kalanick stage a comeback?

    - Jun 23, 2017 11:27am
    Entrepreneurs in the information technology era usually have strong personalities, which can both help and hurt their careers. Uber co-founder and chief executive Travis Kalanick resigned on Tuesday. The decision came at a difficult time, since...
  • American Airlines CEO Doug Parker said the carrier is against companies that are "illegally subsidized by their governments". Photo: Bloomberg

    American Airlines pushes back on Qatar Airways plan to buy stake

    Jun 23, 2017 8:18am
    American Airlines’ chief executive said he is not “particularly excited” about Qatar Airways’ interest in buying up to 10 percent of the US carrier’s shares, Reuters reports. The move by state-owned Qatar Airways to expand its...
  • Tesla wants to build electric cars in China to avoid a 25 percent tariff on imported vehicles. Photo: AFP

    Tesla moves a step closer to building electric cars in China

    Jun 23, 2017 7:31am
    Tesla Inc. took a step closer toward establishing an electric vehicle manufacturing plant in China with its announcement that it is in exploratory talks with the Shanghai municipal government, Reuters reports. Tesla has said it wants...
  • Fosun Group's Hong Kong and mainland-listed shares took a sudden dive after reports that the company is being investigated. Photo: Reuters

    Fosun, Wanda, Anbang and HNA being investigated: WSJ

    Jun 22, 2017 4:59pm
    Banks in China have been ordered to investigate loans made to the country’s top overseas deal makers, the Wall Street Journal reports. These include Anbang Insurance Group Co., HNA Group, Fosun International Ltd. (0656.HK) and Wanda Group. ...
  • Nokia has long emerged from its mobile phone setback and transformed itself into the world’s No. 2 telecommunication equipment supplier. Photo: Nokia

    Samsung, Nokia doing far better than most people think

    - Jun 22, 2017 11:45am
    Perception can be quite deceiving. Nokia’s exit from the mobile phone business and Samsung’s battery explosion saga might have left investors with the impression that the two are goners, but the truth is, both companies are...
  • Oil has slid 20 percent in the first half of 2017, a period when prices have tended to rise. It was the biggest first half slide for Brent since 1997. Photo: Reuters

    Oil drops to 10-month low amid rising US output

    Jun 22, 2017 8:36am
    Oil prices ended down more than 2 percent on Wednesday after hitting a 10-month low in volatile trade, as growing US production and reduced Chinese refinery activity fed mounting concern over the stubborn global crude glut,...
  • George Clooney (above) started Casamigos with nightlife entrepreneur Rande Gerber who is married to supermodel Cindy Crawford, and real estate developer Mike Meldman. Photo: Reuters

    George Clooney selling tequila brand for up to US$1 bln

    Jun 22, 2017 8:17am
    Diageo Plc has agreed to buy George Clooney’s high-end tequila brand Casamigos in a deal valuing it at up to US$1 billion, as the world’s largest spirits maker seeks to boost its presence in a high-growth...
  • The proliferation of AI and IoT will further boost demand for all kinds of chips, benefiting major players like graphic processing unit leader NVIDIA. Photo: NVIDIA

    AI and IoT to boost chips demand

    - Jun 21, 2017 5:12pm
    While stories like JD’s record sales in its June 18 shopping festival always grab the headlines, apart from the online shopping boom, rosy prospects in hardware such as Artificial Intelligence (AI) and Internet of Things (IoT)...
  • Power utility CLP launches a promotional campaign for an energy saving scheme that will feature "smart" electricity meters. Photo: CLP

    Electricity pricing: Smart meters, dumb arguments

    - Jun 21, 2017 4:51pm
    When restaurants charge you more at dinner than at lunch, is that a form of “price discrimination”? Not necessarily. If the restaurant serves a full house every night, but sees only a few tables filled at...
  • Travis Kalanick, 40, has faced increased scrutiny in recent weeks following an investigation into the culture and workplace practices at Uber. Photo: Reuters

    Uber CEO Travis Kalanick resigns under investor pressure

    Jun 21, 2017 4:25pm
    Uber Technologies Inc. chief executive Travis Kalanick, co-founder one of the most influential technology companies of its generation, has resigned under mounting pressure from investors over his leadership, Reuters reports. Kalanick’s departure caps a tumultuous period...
  • International fund managers may have to acclimatize to A shares’ trading environment, much like how the Mongol warriors were 'tamed' by the ancient Han. Photo: Reuters

    China’s MSCI inclusion: What next after the milestone?

    - Jun 21, 2017 1:29pm
    China’s entry into the MSCI global indices is a historic milestone. The MSCI inclusion is small, but slightly higher than expected. China’s efforts in re-regulating stock trading suspension, the expansion of the Stock Connect scheme and...
  • Wang Shi, shown here hitting the gong during China Vanke's trading debut in Hong Kong on June 25, 2014, said it was time to hand over the reins of the company he founded in 1988. Photo: Bloomberg

    China Vanke founder Wang Shi steps down after long power tussle

    Jun 21, 2017 1:05pm
    Wang Shi, the founder and chairman of real estate developer China Vanke Co. Ltd. (02202.HK, 000002.CN), said he will step down from the board after a years-long power struggle saw the company fall under state control, Reuters reports....
  • Russian President Vladimir Putin (right) is greeted by Brazilian football legend Pele during the launch of the Confederations Cup in St. Petersburg last Saturday. Photo: Reuters

    Trump factor silences Russia concerns as Confed Cup kicks off

    - Jun 21, 2017 12:49pm
    You may not have noticed it, but FIFA’s Confederations Cup has just kicked off in Russia. The Confed Cup, as it is commonly called, is the football world governing body’s prelude to its staging of the...
  • Toshiba said it took into consideration concern about technology transfers, job security for its domestic workforce and prospects of clearing regulatory reviews in its decision. Photo: AFP

    Toshiba picks Japan-led group as preferred bidder for chip unit

    Jun 21, 2017 11:52am
    Toshiba Corp. said on Wednesday its board has chosen a Japanese government-led consortium as the preferred bidder for the conglomerate’s prized flash memory chip business, Reuters reports. The group consists of a state-backed fund, the Innovation...
  • Sa Sa’s losses from its online business widened in the fiscal year ended March due to higher logistics costs. Photo: Sa Sa

    Sa Sa e-commerce blunder flags logistics woes

    - Jun 21, 2017 10:35am
    Hong Kong cosmetics chain Sa Sa International (00178.HK) has posted disappointing annual results. And its shares have slumped more than 14 percent in past three trading sessions. However, the culprit is not the decline in mainland...
  • Ford said no US jobs will be affected by shifting the production of Focus to China. Photo: Ford

    Ford moves production of Focus small cars to China

    Jun 21, 2017 8:43am
    Ford Motor Co. said it will move some production of its Focus small car to China and import the vehicles to the United States in a long-term bet on low oil prices and stable US-China trade...
  • State-owned COSCO Group’s COSCO Shipping unit is the world’s fourth largest container operator with an 8.5 percent market share. Photo: Bloomberg News

    COSCO Group nears US$4 bln takeover of Orient Overseas: WSJ

    Jun 21, 2017 8:37am
    Chinese conglomerate COSCO Group is in advanced discussions to acquire smaller shipping rival Orient Overseas Container Line Co. for at least US$4 billion in a deal that could be reached as early as July, the Wall...
  • Beginning on Tuesday, drivers in Houston, Minneapolis and Seattle can collect tips. The feature will be available to all drivers in the US by the end of July. Photo: Reuters

    Uber to allow drivers to accept tips

    Jun 21, 2017 8:12am
    Uber said on Tuesday it will for the first time allow drivers to collect tips through its smartphone app, an about-face from previous company policy, as part of the ride-services firm’s broader effort to improve an...
  • China's A-shares will initially comprise just 0.7 percent of the MSCI Emerging Markets Index, but the weighting could increase over time if the country enacts further reforms. Photo: Reuters

    MSCI adds China A-shares to global benchmark

    Jun 21, 2017 7:52am
    China’s domestic equities will join MSCI Inc.’s benchmark indices after three failed attempts, a landmark step in the nation’s integration with the global financial system, Bloomberg reports. The decision, announced by the New York-based index compiler...

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