Date
21 April 2019

Business

  • Credit Suisse will boost its stake in a China securities joint venture to 51% by means of a capital injection. Photo: Bloomberg

    Credit Suisse aims to take control of China securities venture

    Apr 16, 2019 9:11am
    Credit Suisse has agreed to take majority control of Chinese securities venture Credit Suisse Founder Securities (CSFS), boosting its stake to 51 percent from 33.3 percent via a capital injection, Reuters reports. Under the deal, the...
  • Agriculture is a 'red line' and it will certainly not be part of Europe's trade negotiations with the US, says EU Trade Commissioner Cecilia Malmstrom. Photo: Reuters

    EU says ready to launch US trade talks, but without agriculture

    Apr 16, 2019 9:03am
    The European Union is ready to start talks on a trade agreement with the United States and aims to conclude a deal before year-end, European Trade Commissioner Cecilia Malmstrom said on Monday, Reuters reports. The EU...
  • AT&T will use the Hulu stake sale proceeds to pare down debt. Photo: Bloomberg

    Hulu buys back AT&T’s 9.5% stake in US$1.43 bln deal

    Apr 16, 2019 8:52am
    Hulu has bought back wireless carrier AT&T’s 9.5 percent stake in the US entertainment streaming service for US$1.43 billion, in a deal that values Hulu at US$15 billion, Reuters reports. The sale of the AT&T stake...
  • 5G is expected to bring a dramatic increase in connected devices, benefiting firms such as BE Semiconductor Industries, a Dutch firm that produces chip packaging machines. Photo: BESI

    Invest in the beneficiaries of 5G and do it quickly

    - Apr 15, 2019 4:19pm
    The speed at which technology is developing is captured by Moore’s Law, the principle that the speed and capability of computers can be expected to approximately double every two years as a result of increases in...
  • Some value and cyclical upside to earnings expectations can still be found in Asia over the next one to two years. Photo: Reuters

    Asian credits offer better value amid lacklustre global growth

    - Apr 15, 2019 4:08pm
    Markets are in a state of flux. Uncertainty emanates from both the real and the political economy, prompting a dovish pivot by central bankers seeking to stabilize markets and prevent declining business sentiment undermining the economic...
  • Calzedonia has renewed its lease on a 400-square-foot shop in Causeway Bay. Photo: Wikimedia Commons

    Calzedonia pays big to stay in Causeway Bay

    - Apr 15, 2019 1:09pm
    How many socks and leggings does Calzedonia have to sell in Causeway Bay to make enough money just to pay its landlord? The Italian fashion brand has renewed its lease on a 400-square-foot shop at 60A...
  • A file picture shows China's Vice Premier Liu He (C) in conversation with US Treasury Secretary Steven Mnuchin (R) and US Trade Representative Robert Lighthizer (L) at Diaoyutai State Guesthouse in Beijing on March 29. Pool photo via Reuters

    US waters down demand on subsidies in China trade talks: report

    Apr 15, 2019 11:11am
    US negotiators have tempered demands that China curb industrial subsidies as a condition for a trade deal after strong resistance from Beijing, Reuters reports, citing sources familiar with the matter. In the push to secure a...
  • Social media platforms and mobile apps can precisely deliver information to targeted consumers. Photo: Reuters

    The new rules of the marketing game

    - Apr 15, 2019 9:34am
    Hong Kong’s main free-to-air television broadcaster Television Broadcasts Limited (TVB) saw its share price tumble to a 20-year low after it issued a profit warning. Free-to-air television used to be the most powerful media in the...
  • JD.com founder and CEO Richard Liu said the number of those who are giving orders has grown while the number of those who do the actual work has fallen. Photo: Bloomberg

    JD.com boss criticizes ‘slackers’ as company makes cuts

    Apr 15, 2019 9:13am
    Richard Liu, the founder of Chinese e-commerce giant JD.com Inc, has weighed in on an ongoing debate about the Chinese tech industry’s grueling overtime work culture, lamenting that years of growth had increased the number of...
  • The protectionism of some countries has harmed mutual trust among nations and limited the scope for multilateral cooperation, says PBoC deputy governor Chen Yulu. Photo: Bloomberg

    China denounces protectionism in swipe at US trade policy

    Apr 15, 2019 8:56am
    Protectionism has harmed mutual trust among countries and limited the scope for multilateral cooperation, a Chinese central bank official said on Saturday, taking a swipe at the Trump administration’s “America First” trade policies, Reuters reports. Chen...
  • The fully electric SUV is the latest move in Volkswagen’s aggressive growth strategy in China. Photo: Reuters

    VW to take on Tesla X in China from 2021 with electric SUV

    Apr 15, 2019 8:47am
    Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla’s Model X as the German carmaker ramps up production of zero-emissions vehicles, Reuters reports....
  • Lyft has responded to complaints from users of its bike-share program about stronger than expected braking force on the front wheel of some electric bikes. Photo: Reuters

    Lyft pulls electric bikes in 3 US cities on braking complaints

    Apr 15, 2019 8:45am
    Lyft is removing several thousand electric bikes from service in its bike-share program in New York, Washington and San Francisco because of a braking problem, Reuters reports. “We recently received a small number of reports from...
  • US President Donald Trump has suggested that the Fed should return to quantitative easing. Photo: Reuters

    Trump calls for crisis-era stimulus

    Apr 15, 2019 8:36am
    The Federal Reserve’s actions have nicked economic growth and stock market gains, US President Donald Trump said on Sunday, calling on the central bank to consider pumping money into the economy as it did during the 2007-2009...
  • People.cn has a new business line that helps third-party news organizations review their content and make sure they are compliant with the rules. Photo: AFP/People.cn

    Why content review business of People’s Daily Online is booming

    - Apr 15, 2019 8:35am
    The state mouthpiece People’s Daily listed its online version people.cn (603000.CN) in 2012. On the first day of trading, the shares surged 76 percent from their offering price of 20 yuan (US$2.98). Later, however, as most...
  • SoftBank chief operator officer Marcelo Claure has increased the group's presence and lobbying power in Washington. Photo: Reuters

    SoftBank makes concessions to get US clearance for tech deals

    Apr 12, 2019 12:26pm
    SoftBank Group Corp has agreed to give up board seats and access to sensitive information, take a more passive role in startups and make other concessions to get US government clearance for its technology deals, Reuters...
  • Tesla customers in the United States will be able to lease any Model 3 variant, but they will not have the option to buy the car at the end of the lease. Photo: AFP

    Tesla begins offering leases for Model 3

    Apr 12, 2019 12:04pm
    Tesla Inc has started leasing out its Model 3 sedan in the United States, in a financing option that would increase the electric car maker’s customer base, Reuters reports. Tesla said its customers in the US...
  • US-China trade negotiations progress, capital inflow into emerging markets and the Fed’s dovish stance helped support the recent rally on stock markets. Photo: Reuters

    Fresh catalysts needed for global equities to rise further

    - Apr 12, 2019 11:54am
    Stock markets posted decent rallies since late last year. The Shanghai Composite Index has soared 30 percent, making it the best-performing market. In the US, the S&P 500 is just 2 percent away from its historical...
  • Guizhou's climate and geographical features offer an ideal environment for data center operations. Photo: Xinhua

    Guizhou: China’s outstanding example of a tech miracle

    - Apr 12, 2019 11:53am
    Previously, we talked about how Rwanda was able to rise from poverty by embracing technology. Such a dramatic shift also seems to be happening in southwestern China’s Guizhou province. As one of China’s poorest regions where...
  • The Hang Seng Index has spiked about 17 percent year to date, making Hong Kong one of the best-performing markets in the world as of now in 2019. Photo: Bloomberg

    Will Hang Seng Index hit the 40,000 mark this year?

    - Apr 12, 2019 11:53am
    A mainland Chinese website conducted an interesting poll recently. It asked respondents for their opinion on which would happen first: the China national football team repeating its 2002 success of qualifying for the FIFA World Cup,...
  • Shares in China Visual Group slumped by their maximum 10 percent in early morning trading. Photo: AFP

    China stock image provider shuts website after criticism

    Apr 12, 2019 11:14am
    Visual China Group (000681.CN), China’s largest stock images provider, on Friday shut its website to make changes and apologized after it was criticized online and by regulators for selling images which it did not hold the...

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