Date
20 January 2019

Industries

  • Huawei could face hurdle in another overseas market as Washington urges Western nations to exclude the Chinese firm's equipment from 5G networks. Photo: Reuters

    Norway mulls exclusion of Huawei from 5G network

    Jan 10, 2019 9:36am
    Norway is considering whether to join other western nations in excluding China’s Huawei Technologies from building part of the Nordic country’s new 5G telecoms infrastructure. “We share the same concerns as the United States and Britain...
  • Tesla will save considerable amounts in logistics and production costs when it opens its Shanghai factory. Photo: Reuters

    Why Chinese automakers may not benefit from any US trade deal

    - Jan 9, 2019 5:02pm
    The fresh round of vice-ministerial-level trade talks between US and China had a good start this week. Chinese Vice Premier Liu He made a surprise appearance at the meeting, sending a positive signal and helping lift...
  • A Samsung executive shows off a new television during the 2019 CES industry event in Las Vegas on Jan 7. The Korean firm will offer direct access to Apple’s iTunes content via smart TVs. Photo: Reuters

    Why Apple is altering its OTT strategy

    - Jan 9, 2019 2:51pm
    Apple may not be participating in the Consumer Electronics Show that is underway in Las Vegas, but the company has still found itself grabbing the news headlines, thanks to a key announcement. The US tech giant...
  • OAG gives a morale booster for an airline struggling for survival. Photo: Reuters

    HK Airlines tops punctuality league in Asia

    - Jan 9, 2019 2:14pm
    You may think of Hong Kong Airlines as an ailing company, but what you probably don’t know is that it’s one of the most punctual airlines in the world. The Hainan Airlines-associated company is the world’s third...
  • Federal Reserve Chairman Jerome Powell has said he considers the central bank's benchmark interest rate to be near a neutral level. Photo: Reuters

    Why March is a critical month for global investors

    - Jan 9, 2019 12:09pm
    The People’s Bank of China has announced a 1 percentage point cut in banks’reserve requirement ratio, and the market has responded more positively than it did to multiple cuts last year. More importantly, the renminbi remained...
  • Mobileye is leading a push among Israeli tech firms for a greater presence in the China market. Photo: Reuters

    Israel’s Mobileye strikes two new deals in China

    Jan 9, 2019 9:29am
    Mobileye, which makes technology for autonomous driving, said on Tuesday that it is expanding its business in China with two new partnerships, Reuters reports. One deal saw the Israel-based firm ink a memorandum of understanding with...
  • Facebook CEO Mark Zuckerberg said the discussions will all be public, either on his Facebook or Instagram page or other media. Photo: Bloomberg

    Facebook CEO plans public debates on future of technology

    Jan 9, 2019 9:25am
    Facebook Inc. chief executive Mark Zuckerberg will host a series of public discussions about the future of technology in society as part of his personal challenge this year, Reuters reports.  Zuckerberg sounded his plan in a...
  • Boeing shows a new iteration of an airplane wing system at the American Institute of Aeronautics and Astronautics during an event in San Diego on Tuesday. Photo: Reuters

    Boeing unveils refreshed jet concept with ultra-thin wings

    Jan 9, 2019 9:13am
    Boeing has unveiled a speedier and higher-flying version of a concept plane that promises to sharply reduce fuel use thanks to its elongated ultra-light wings. The so-called Transonic Truss-Braced Wing aircraft boasts a 170-foot wingspan that...
  • CK Asset Holdings plans to turn Harbour Plaza Resort City in Tin Shui Wai into two blocks of 53-storey residential buildings. Photo: HKEJ

    Cheung Kong to turn Tin Shui Wai hotel into homes

    - Jan 8, 2019 5:15pm
      How do you turn a 1,000-room hotel into 5,000 housing units? CK Asset Holdings (01113.HK) chairman Victor Li Tzar-kuoi has the vision to turn the company’s Harbour Plaza Resort City in Tin Shui Wai into two blocks...
  • TransUnion promises to strengthen the security of its computer system during a meeting of the Legislative Council's Panel on Financial Affairs on Monday. Photo: Bloomberg/HKEJ

    TransUnion online services suspended until security issues fixed

    Jan 8, 2019 5:13pm
    Consumer credit reporting agency TransUnion said its online services in Hong Kong will remain suspended until an ongoing investigation of security loopholes found in its computer system is completed. Appearing before the Legislative Council’s Panel on...
  • A court sketch shows ousted Nissan Motor chairman Carlos Ghosn during an open hearing at a Tokyo court on Tuesday. Credit: Kyodo via Reuters

    Ghosn claims innocence in first court appearance

    Jan 8, 2019 3:22pm
    Ousted Nissan Motor chairman Carlos Ghosn declared his innocence in his first public appearance since his arrest in November, telling a Tokyo court on Tuesday that he was wrongly accused of financial misconduct, Reuters reports. “I...
  • Xiaomi and TCL agreed to cooperate in the development of smart products and electronic devices. Photo: Bloomberg/AFP

    Why Xiaomi and TCL forged an alliance

    - Jan 8, 2019 1:02pm
    Xiaomi Corp. (01810.HK) continues to explore new business partnerships to boost its business. After Xiaomi announced that its Redmi smartphone brand will start operating independently, it was revealed that the Chinese technology firm had bought a...
  • Hong Kong billionaire Li Ka-shing boosts his bitcoin investments with his participation in the funding round for cryptocurrency venture Bakkt. Photo: Reuters

    ICE-owned crypto startup Bakkt gets Li Ka-shing on board

    Jan 8, 2019 12:21pm
    Hong Kong billionaire Li Ka-shing has joined other tech and venture capital heavyweights in supporting cryptocurrency venture Bakkt in its first funding round. The startup, backed by Intercontinental Exchange (ICE), the parent company of the New York Stock...
  • Hong Kong online shoppers can no longer use Octopus to settle transactions with Taobao. Photo: HKEJ

    HKMA must negotiate new mainland deal on payment platforms

    - Jan 8, 2019 10:13am
    Hongkongers who shop on Taobao had various payment tools such as AlipayHK, Octopus, PPS, JETCO and credit cards to settle their transactions. But from the start of this year, they can only use AlipayHK, PPS and credit cards...
  • Samsung's profit warning will add to the investor worries about the tech sector and slowing Chinese demand. Photo: Reuters

    Samsung warns of Q4 profit drop amid weak chip demand

    Jan 8, 2019 9:37am
    Samsung Electronics on Tuesday warned of a nearly 30 percent slide in operating profit for the final quarter of 2018, citing tough memory chip and mobile phone markets. In a regulatory filing, the South Korean tech...
  • NYSE and Nasdaq are set to face fresh competition as major Wall Street players plan to set up a new bourse. Photo: Reuters

    Wall St firms plan new low-cost stock exchange

    Jan 8, 2019 8:53am
    A group of nine financial institutions, including Morgan Stanley, Fidelity Investments and Bank of Bank of America Merrill Lynch, plan to launch a low-cost bourse that will compete with the New York Stock Exchange and Nasdaq....
  • Chinese banks are scrambling for mortgage clients amid the economic slowdown. Photo: CNS

    A Chinese bank launches relay mortgages

    - Jan 7, 2019 4:37pm
    A branch of Agricultural Bank of China in Hangzhou in eastern China’s Zhejiang province has launched a relay mortgage, which allows parents and their children to jointly apply for a loan. The bank said the product...
  • Industry practitioners call for more effective regulation to safeguard the public from unscrupulous online practices. Photo: Reuters

    How to succeed in China showbiz without really trying

    - Jan 7, 2019 2:30pm
    You can buy anything online.  We are not just talking about all sorts of goods and services you can order from online shopping websites such as Alibaba’s Taobao.com, but also clients, followers, admirers and fans, whom...
  • Australian medical center operator Healius has rejected a bid by stakeholder Jangho Group as being 'opportunistic'. Representational image: Bloomberg

    Australia’s Healius rejects US$1.2 bln bid from China’s Jangho

    Jan 7, 2019 9:26am
    Healius, Australia’s No. 2 medical center operator, on Monday rejected a A$1.7 billion (US$1.21 billion) buyout approach from Chinese construction company Jangho Group, Reuters reports. The Australian firm, known until recently as Primary Health Care, said its...
  • Victor Lam (center), the government chief information officer, briefs the media on Thursday on the topic of opening up more government data. Photo: HK Govt

    Govt to open up more data amid smart-city push

    Jan 4, 2019 5:00pm
    The Hong Kong government is set to open up more of its data resources to the public, creating an opportunity for private firms and individuals to utilize the information and build smart-city solutions. In a statement...

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