Date
18 November 2019

Business

  • The Airport Authority has reported an October decline of 13 percent in passengers and 6.1 percent in the number of inbound and outbound flights – the steepest falls since the unrest began. Photo: Bloomberg

    Asian airlines slash flights to Hong Kong as unrest escalates

    Nov 18, 2019 2:47pm
    Several Asian airlines have cut flights to Hong Kong over the coming weeks amid escalating anti-government protests in the city, Reuters reports, citing an industry scheduling publication. Routes Online said the latest schedules showed cancellations from...
  • An electric racing aircraft is on display at the Dubai Air Show in Dubai on Sunday. Photo: Reuters

    Airbus-backed tournament unveils first electric racing aircraft

    Nov 18, 2019 1:22pm
    An Airbus-backed air racing tournament unveiled an electric-powered sports aircraft on Sunday, billed as the world’s first, as the European planemaker seeks to boost its green aerospace technology, Reuters reports. Several companies, including US ride-hailing company...
  • Analysts say the unexpected cut shows the central bank is keen to ease investor worries that higher inflation will prevent it from delivering fresh stimulus measures. Photo: Reuters

    China cuts key liquidity rate for first time since 2015

    Nov 18, 2019 11:37am
    China’s central bank unexpectedly trimmed a key interbank lending rate on Monday, the first easing in the liquidity tool in more than four years and a signal to markets that policymakers are ready to act to...
  • The merger between Yahoo Japan and Line Corp. is expected to be completed in October 2020. Photo: Reuters/Internet

    Yahoo Japan-Line merger to create US$30 billion tech giant

    Nov 18, 2019 11:14am
    Japan’s SoftBank Corp. plans to merge internet unit Yahoo Japan with messaging app operator Line Corp. to create a US$30 billion tech giant, Reuters reports. The telco in a statement said Yahoo Japan, which last month...
  • China’s leading on-demand delivery service platforms like Meituan Dianping and ele.me together hire around 8 million delivery staff. Photo: AFP

    Are food delivery apps creating any value?

    - Nov 18, 2019 10:30am
    Food delivery apps have become a big hit in China. But do they create any true value to keep the business sustainable? China’s leading on-demand delivery service platforms like Meituan Dianping (03690.HK) and ele.me together hire...
  • Ford Motor unveils the electric Mustang Mach-E vehicle in Los Angeles on Sunday. Photo: Reuters

    Ford bets on electric Mustang to charge turnaround

    Nov 18, 2019 9:31am
    The Mustang Mach E electric sport utility vehicle Ford Motor Co. unveiled in Los Angeles on Sunday is more than another car for the storied automaker. The Mach E has become within Ford a high-profile test...
  • Samsung plans to ship some 60 million phones made in China by so-called original design manufacturers (ODMs) next year out of a total of about 300 million devices. Photo: AFP

    Samsung farms out more phones to China to fend off rivals

    Nov 18, 2019 8:17am
    Samsung’s plan to outsource a fifth of its smartphone production to China next year may help it compete with low-cost rivals such as Huawei and Xiaomi but it’s a strategy fraught with risks, people with familiar...
  • Saudi Aramco plans to sell 1.5 percent of the company, or about 3 billion shares, at an indicative price range of 30 riyals to 32 riyals, valuing the initial public offering at as much as 96 billion riyals (US$25.6 billion). Photo: Reuters

    Aramco in race for IPO record with US$1.7 trillion top value

    Nov 18, 2019 8:05am
    Saudi Aramco is worth up to US$1.7 trillion at the price range set by the oil giant on Sunday, below the US$2 trillion sought by Saudi’s crown prince but putting it in the running to become...
  • Xerox has resolved a dispute with its joint venture partner Fujifilm Holdings that represented billions of dollars in potential liabilities. Photo: Bloomberg

    HP rejects Xerox bid, says open to acquiring printer maker

    Nov 18, 2019 7:43am
    HP Inc. said it is open to exploring a bid for US printer maker Xerox Corp. after rebuffing a US$33.5 billion cash-and-stock acquisition offer from the latter as “significantly” undervaluing the personal computer maker, Reuters reports....
  • People walk past bricks placed by anti-government protesters to barricade a road in Central on Friday. Photo: Reuters

    HK economy expected to shrink 1.3% for the year amid protests

    Nov 15, 2019 6:20pm
    Hong Kong has revised down its estimate for economic growth this year amid increasingly violent anti-government protests and trade tensions between the United States and China. The government is now forecasting a contraction of 1.3 percent for...
  • As static supply meets growing demand for fresh water, inevitable water shortages cannot be expected to fix themselves. Photo: Reuters

    Investing in sustainable water solutions for the future

    - Nov 15, 2019 3:06pm
    The water investment theme offers an opportunity for an active investment approach due to the diversity of the underlying players, and an immunity to political and sentiment-driven volatility given the value of water as a social...
  • Hong Kong will remain a major financial center as it has undertaken 'many encouraging' reforms in its capital market, Alibaba Group chairman Daniel Zhang said. Photo: Reuters

    HK’s future ‘remains bright’, Alibaba says amid stock offering

    Nov 15, 2019 11:43am
    Hong Kong’s “future is bright” as a top financial center, Alibaba Group Chairman Daniel Zhang said, as the Chinese ecommerce giant kicked off the retail campaign for its secondary listing in the city.  In the chairman’s...
  • Despite accounting for only about 18 percent of the global population, the advanced economies consume about 70 percent of the world’s energy, the vast majority of which (87 percent) comes from fossil fuels. Photo: Bloomberg

    Green markets for equitable growth

    - Nov 15, 2019 10:39am
    The climate crisis and the 2008 financial crisis are two sides of the same coin. Both were born of the same toxic feature of the world’s prevailing economic model: the practice of discounting the future. Protecting...
  • As the UK general election approaches, both Labour and the Conservatives are pursuing programs to boost minimum wages further. Photo:AFP

    A living wage for capitalism

    - Nov 15, 2019 10:17am
    At 3.6 percent, unemployment in the United States remains near its lowest level since the late 1960s. There are even signs that people who had previously dropped out of the labor force are being attracted back...
  • Bellamy’s is number four by market share in the Australian infant milk formula market. Photo: Reuters

    Australia clears Mengniu purchase of Bellamy’s, with conditions

    Nov 15, 2019 9:57am
    The Australian government on Friday approved China Mengniu Dairy Co. Ltd.’s (02319.HK) A$1.43 billion (US$980.27 million) takeover of infant formula maker Bellamy’s Australia Ltd. but imposed conditions to keep the company tied to Australia, Reuters reports....
  • Google is said to be facing an expanded US antitrust probe that will cover the firm's Android business. Photo: Reuters

    Google antitrust probe to expand into Android: report

    Nov 15, 2019 9:57am
    The several dozen attorneys general investigating advertising practices at Google are planning to expand their antitrust probe into the unit’s flagship Android business, CNBC reported on Thursday, citing people familiar with the matter. The investigation, led...
  • Amazon Web Services is fighting back against the US Defense Department's decision on a multi-billion-dollar cloud services contract. Photo: Reuters

    Amazon challenges Pentagon’s US$10 bln cloud award to Microsoft

    Nov 15, 2019 9:49am
    Amazon said on Thursday that it is contesting the Pentagon’s award of an up to US$10 billion cloud computing deal to Microsoft, expressing concern that politics got in the way of a fair contracting process, Reuters...
  • Boeing has tweaked its production strategy in relation to the fuselage sections for the 777 jetliners. Photo: Reuters

    Boeing brings back humans after 777 assembly automation issues

    Nov 15, 2019 9:38am
    Boeing has scaled back use of automation to make fuselage sections for its 777 jetliners amid reports of reliability issues and returned to having mechanics do some of the work, Reuters reports. The company began to...
  • Huawei and ZTE's track record, as well as the practices of the Chinese government, demonstrate that the Chinese telecoms equipment firms cannot be trusted, William Barr said in a letter to the US Federal Communications Commission. Photo: Reuters

    China’s Huawei, ZTE ‘cannot be trusted’: US attorney general

    Nov 15, 2019 9:24am
    Huawei Technologies and ZTE Corp “cannot be trusted,” US Attorney General William Barr said, labeling the Chinese firms a security threat as he backed a proposal to bar US rural wireless carriers from tapping a government...
  • Hong Kong is managing to lure some high-profile stock offering deals despite the months-long social unrest in the city. Photo: Reuters

    HK financial markets show great resilience, for now

    - Nov 15, 2019 8:47am
    Chinese e-commerce giant Alibaba is working toward a secondary listing in Hong Kong, aiming to make a debut on the local bourse as soon as Nov. 26. If things go without a hitch, the deal could...