Date
10 December 2018

Business

  • The Hong Kong stock exchange will work with mainland counterparts in formulating rules on trading by mainland investors in Hong Kong-listed firms with dual voting rights. Photo: Bloomberg

    HK, China bourses reach deal on dual-class shares

    Dec 10, 2018 9:23am
    The Hong Kong stock exchange said on Sunday that it has reached a deal with its counterparts in Shanghai and Shenzhen on trading by mainland investors in Hong Kong-listed companies with dual voting rights, Reuters reports....
  • Ride-hailing services giant Uber is said to be keen to beat smaller rival Lyft in launching an IPO. Photo: Reuters

    Uber makes confidential filing for IPO: report

    Dec 10, 2018 9:13am
    Uber Technologies has filed paperwork for an initial public offering, Reuters reports, citing people with knowledge of the matter. The ride-hailing company filed the confidential paperwork on Thursday, moving in lock-step with its smaller US rival...
  • Facebook shares have tumbled more than 22 percent this year. Photo: Reuters

    Facebook to buy back additional US$9 billion of shares

    Dec 10, 2018 9:02am
    Facebook Inc. will buy back an additional US$9 billion of its shares as it looks to pacify investors following a slump in its stock, Reuters reports. The social media giant’s shares, which have tumbled more than...
  • Hong Kong stocks have been hit by volatility stemming from concerns over a US-China trade war and by slowing growth in China. Photo: Bloomberg

    Hong Kong set to take global IPO crown but many new listings sag

    Dec 10, 2018 8:47am
    Hong Kong is on course to take the global IPO crown this year for the most money raised in stock market flotations, narrowly ahead of arch-rival New York, but its new listings have posted the worst...
  • Huawei chief financial officer Meng Wanzhou is accused of covering up her company’s links to a firm that tried to sell equipment to Iran despite sanctions. Photo: Reuters

    China says US should withdraw arrest warrant for Huawei CFO

    Dec 10, 2018 8:16am
    China’s foreign ministry summoned the US ambassador to lodge a “strong protest” over the arrest in Canada of Huawei Technologies Co. Ltd.’s chief financial officer, and said the United States should withdraw its arrest warrant, Reuters...
  • China reported far weaker than expected November exports and imports, showing slower global and domestic demand. Photo: Bloomberg

    US wants trade deal by March 1 or new tariffs will be imposed

    Dec 10, 2018 7:31am
    US-China trade negotiations need to reach a successful end by March 1 or new tariffs will be imposed, says US Trade Representative Robert Lighthizer. “As far as I am concerned it is a hard deadline. When...
  • Sino Land is selling the first batch of flats of its Grand Central development in Kwun Tong at a notable discount from the average price of  second-hand units in the neighborhood. Photo: HKEJ

    Why Sino Land offers its new Kwun Tong project cheap

    - Dec 7, 2018 4:51pm
    Sino Land has launched the first batch of 205 units of its Grand Central development in Kwun Tong at an average price of HK$17,388 per square foot. That represents a notable discount from second-hand flats in...
  • Fixed income investors are increasingly incorporating environmental, social and governance (ESG) factors into the assessment of credit risk. Photo: Bloomberg

    ESG can and should be a key part of credit investing

    - Dec 7, 2018 4:48pm
    ESG (environmental, social and governance) investing is rapidly growing in popularity as an investment theme around the world, and this couldn’t be truer than in Asia. ESG integration is a key component of fundamental research and...
  • After being locked out of the US market and getting blocked from Australia's 5G rollout, Huawei and fellow Chinese telecom equipment vendor ZTE may face a setback in Japan. Photo: Reuters

    Japan govt may shun Huawei, ZTE equipment, report says

    Dec 7, 2018 4:26pm
    Japan plans to ban government purchases of equipment from Chinese telecom equipment makers Huawei and ZTE due to national security concerns, Reuters reports, citing sources. The move comes as Chinese tech firms are under intense scrutiny...
  • Cathay Pacific management and unions agreed at the pay hike and bonus after nine days of negotiations. Photo: AFP

    Cathay Pacific employees win pay hike and 13th-month bonus

    Dec 7, 2018 3:49pm
    Cathay Pacific Airways employees in Hong Kong will receive a pay increase of at least 3 percent next year plus a 13th-month bonus. The airline’s management and unions came to the agreement after nine days of negotiations,...
  • WuXi AppTec will use its Hong Kong listing proceeds on several expansion projects, including a Chengdu R&D campus. Photo: Bloomberg

    China’s WuXi AppTec raises US$1.01 bln in HK listing: report

    Dec 7, 2018 3:25pm
    Chinese medical tech platform WuXi AppTec raised US$1.01 billion in its Hong Kong listing, valuing the company at US$10.2 billion, Reuters reports, citing sources. WuXi, which is already listed in Shanghai, priced its Hong Kong shares...
  • Tencent has set up a new business group to integrate its various cloud offerings and solutions. Photo: Reuters

    Why Alibaba and Tencent are reorganizing

    - Dec 7, 2018 11:35am
    China’s internet giant Tencent Holdings (00700.HK) announced recently that it will set up a new business group, Cloud & Smart Industries Group (CSIG), to integrate its cloud offerings and solutions covering retail, education, healthcare, transportation and...
  • US Trade Representative Robert Lighthizer, a known China hardliner, has been appointed to lead the American side in the trade negotiations with Beijing. Photo: Reuters

    Lighthizer appointment signals tough trade talks ahead for China

    - Dec 7, 2018 9:37am
    US President Donald Trump has picked top American trade envoy Robert Lighthizer, a China hardliner, to lead the negotiations with China. During the administration of Ronald Reagan, Lighthizer had led talks with the Soviet Union and Japan, and...
  • IBM is offloading seven software products assets to India's HCL Technologies in a US$1.8 billion deal. Photo: Bloomberg

    IBM sells some of its software products business to India’s HCL

    Dec 7, 2018 9:37am
    International Business Machines Corp (IBM) is selling some of its software products business to Indian software services exporter HCL Technologies in a deal worth US$1.8 billion, Reuters reports. IBM will divest seven of its products, including...
  • Lyft was last valued at about US$15 billion in a private fundraising round in June this year.
Lyft, which was last valued at about US$15 billion in a private fundraising round, could go public as early as the first quarter of 2019. Photo: Bloomberg

    Ride-hailing services firm Lyft files for US IPO

    Dec 7, 2018 9:24am
    Ride-hailing services company Lyft has filed plans for an initial public offering in the United States, beating bigger rival Uber Technologies in making a move on that front. In a confidential filing with the US Securities...
  • Microsoft says it is important for governments to quickly start adopting laws to regulate facial-recognition technology. Photo: Reuters

    Microsoft again calls for regulation of facial-recognition tech

    Dec 7, 2018 9:04am
    Microsoft on Thursday announced ethical principles for the use of its facial-recognition technology, saying it would bar such tech from being used to engage in unlawful discrimination, Reuters reports. The company also said it will encourage...
  • Huawei says it has been provided very little information regarding the charges against its CFO Meng Wanzhou, who has been arrested in Canada and is facing extradition to the US. Photo: Reuters

    Huawei US probe includes bank fraud accusations: report

    Dec 7, 2018 8:42am
    Huawei Technologies’ chief financial officer was arrested as part of a US investigation of an alleged scheme to use the global banking system to evade Washington’s sanctions against Iran, Reuters reports, citing people familiar with the...
  • Qualcomm’s new Snapdragon 855 chip will add fuel to the 5G race in the global smartphone industry. Photo: Bloomberg

    What to expect in 2019 flagship smartphones

    - Dec 6, 2018 12:48pm
    Chipmaker Qualcomm has unveiled new mobile phone processor chips as it aims to cater to the needs of leading global smartphone makers which are preparing for the 5G era. The Snapdragon 855 chip, showcased at a...
  • We often make our travel plans just before going to sleep, according to a survey. Photo: Wikimedia Commons

    Do you dream of those faraway places? Most of us do

    - Dec 6, 2018 11:45am
    When planning a trip, you are most likely to browse the internet for tips about flights and accommodations, right? Well, all we can say is take their recommendations with a pinch of salt.  The hotel or...
  • The documents provide new evidence that Facebook has picked favorites and engaged in anti-competitive behavior. Photo: AFP

    Facebook gave data on users’ friends to some firms: documents

    Dec 6, 2018 9:38am
    Facebook allowed some companies, including Netflix and Airbnb, to access users’ lists of friends after it cut off that data for most other apps around 2015, according to documents released on Wednesday by a British lawmaker...

EJI Weekly Newsletter

Please click here to unsubscribe