Date
24 April 2018

Business

  • Twitter is ramping up efforts to promote video content and live-streaming on its platform, attracting users and big advertisers. Photo: Bloomberg

    Twitter’s push into video content starting to pay off

    Apr 20, 2018 1:38pm
    Social media platform Twitter’s stock has soared about 30 percent year-to-date, boosted by positive fourth-quarter results published in February. Much of its good fortune is due to the company’s decision to develop video content and live...
  • ZTE is yet to provide guidance to consumers as to whether newly-announced US sanctions will crimp the Chinese firm's ability to provide operating system updates to its Android phones. Photo: Reuters

    ZTE urged to clarify if US ban will affect Android phone updates

    Apr 20, 2018 9:47am
    Consumer activists are calling on Chinese smartphone maker ZTE to clarify whether US sanctions against the firm will prevent it from providing operating system updates for its Android devices.  Until the company assures that it will...
  • China Huarong said its chairman Lai Xiaomin, who is under investigation for alleged corruption, had stepped down. Photo: HKEJ

    Huarong confirms chairman’s departure, shares to resume trading

    Apr 20, 2018 9:09am
    China Huarong Asset Management Co. Ltd. (02799.HK), one of China’s largest state-owned bad debt managers, said its chairman Lai Xiaomin, who is under investigation for alleged corruption, had stepped down, Reuters reports. In a statement to...
  • Facebook wants users in Africa, Asia, Australia and Latin America to be outside the coverage of the European Union’s General Data Protection Regulation, which takes effect on May 25. Photo: AFP

    Facebook to put 1.5 bln users out of reach of new EU privacy law

    Apr 20, 2018 8:09am
    If a new European law restricting what companies can do with people’s online data went into effect tomorrow, almost 1.9 billion Facebook Inc. users around the world would be protected by it. The online social network...
  • “Fearless Girl”, whose message is for a bigger role for women in corporate America, will be moved by the end of 2018. Photo: Reuters

    ‘Fearless Girl’ to stare down the New York Stock Exchange

    Apr 20, 2018 8:05am
    The bronze statue of a little girl that became a tourism phenomenon by staring down Wall Street’s massive “Charging Bull” sculpture is to be moved to a nearby spot where its stern gaze will be on...
  • Snapchat is rolling out an enhanced version of its lens product to make it easier for advertisers to sell their products to users of the messaging service. Photo: Bloomberg

    Snapchat adds a prompt in Lenses platform to drive shopping

    Apr 19, 2018 6:15pm
    Messaging service Snapchat is rolling out a new feature that will assist advertisers in selling their products through the app’s sponsored lenses. The multimedia messaging app is launching a feature called Shoppable AR, where users find...
  • ZTE and its fellow Chinese telecom equipment maker Huawei have been facing the brunt of US sanctions on Chinese firms. Photo: Bloomberg

    What can ZTE and Huawei do amid US sanctions?

    - Apr 19, 2018 2:37pm
    With Sino-US trade frictions escalating and the Trump administration seemingly bent on reining in China’s technology companies, telecom equipment players ZTE and Huawei are facing mounting challenges.  Targeted on the grounds that they pose a risk...
  • The Bank of England is likely to increase its base rate in May. Photo: Reuters

    Positive macro environment prevails despite global tensions

    - Apr 19, 2018 11:43am
    Uncertainty around Syria, Russia and the United States-led trend towards more protectionist and confrontational trade policies is providing political headwinds for financial markets. Nonetheless, we reaffirm our positive macro assessment. Protectionist policies will add to the...
  • Chinese property tycoon Yang Guoqiang believes that once a land plot is secured, development work should be initiated as quickly as possible. Photo: Country Garden

    Why Country Garden boss is obsessed with project devt speed

    - Apr 19, 2018 9:48am
    Yang Guoqiang, the founder of Chinese property developer Country Garden Holdings (02007.HK), received little formal education, but he is known to be a keen learner and a strong person when it comes to executing plans. Yang...
  • ZTE is facing mounting woes as US authorities have banned American firms from supplying components and software to the Chinese telecom equipment and smartphone manufacturer. Photo: Bloomberg

    ZTE delays earnings report after US parts supply ban

    Apr 19, 2018 9:23am
    Chinese telecom equipment and smartphone maker ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a US order that bans American companies from selling it parts, Reuters reports....
  • Cryptocurrencies have been impacted this year by fears of a crackdown from regulators and concerns that they have been in a speculative bubble that is now deflating. Photo: Bloomberg

    Cryptocurrency funds down nearly 30 percent in March

    Apr 19, 2018 9:23am
    Cryptocurrency funds were down 29.2 percent in March amid an ongoing slump caused by increased scrutiny from global regulators of the virtual assets, Reuters reports, citing a new index launched by data provider BarclayHedge. The Barclay...
  • The bright outlook for the US economy is likely to support the core view among Fed policymakers for at least two and perhaps three more interest rate increases this year. Photo: AFP

    US economic growth on track despite tariff concerns: Fed report

    Apr 19, 2018 9:04am
    Robust business borrowing, rising consumer spending, and tight labor markets indicate the US economy remains on track for continued growth, the Federal Reserve said, with the risks of a global trade war the one big outlier....
  • CEO James Gorman said he would re-evaluate targets if  Morgan Stanley generates returns above the 10 to 13 percent range through the rest of the year. Photo: Bloomberg

    Morgan Stanley tamps down enthusiasm on record profit

    Apr 19, 2018 8:49am
    Morgan Stanley reported record first-quarter earnings thanks to a surge in trading activity, much like other Wall Street banks, but executives warned results through the rest of the year may not be quite as strong, Reuters...
  • Facebook has teamed up with an independent digital journalism initiative in India to curb the menace of fake news stories. Photo: Reuters

    Facebook rolls out program in India to curb fake news

    Apr 18, 2018 6:26pm
    Facebook is rolling out a fact-checking program in India to ensure the authenticity of news stories circulated on its platform. The social media giant has teamed up with an independent digital journalism initiative, BOOM, as it...
  • The proposed EU law would allow European prosecutors to force companies to turn over data such as emails, text messages and pictures stored online in another country, within 10 days or as little as six hours in urgent cases. Photo: AFP

    EU proposal to force tech firms to give overseas data to police

    Apr 18, 2018 5:30pm
    Technology companies such as Google, Microsoft and Facebook will be forced to hand over users’ data to European law enforcement officials even when it is stored on servers outside the bloc, under a proposed EU law....
  • Alexander Nix (right), the ousted CEO of Cambridge Analytica, had spoken earlier about how blockchain can help people take ownership of their data and monetize it. Photo: Reuters

    Cambridge Analytica planned to issue digital currency: report

    Apr 18, 2018 4:54pm
    Data analytics consultancy Cambridge Analytica had been planning to raise money through its own cryptocurrency before it became embroiled in the Facebook data scandal, according to Reuters. Citing sources familiar with the matter, the news agency reports...
  • Starting this week, Facebook will seek Europeans’ permission for a variety of ways it uses their data, but users cannot opt out of targeted marketing. Photo: AFP

    Facebook: Users must accept targeted ads even under new EU law

    Apr 18, 2018 4:54pm
    Facebook Inc. said it will continue requiring people to accept targeted ads as a condition for using its service, a stance that may help keep its business model largely intact despite a new European Union privacy...
  • International Monetary Fund chief Christine Lagarde called for an open-minded and even-handed approach in devising a regulatory framework for crypto assets. Photo: Reuters, Bloomberg

    IMF chief praises crypto assets, urges even-handed approach

    Apr 18, 2018 2:08pm
    The cryptocurrency community received surprising, if positive, remarks from the head of the International Monetary Fund, Christine Lagarde, who outlined the benefits of crypto assets and the underlying distributed ledger technology. In her latest blog post, the IMF...
  • Intraday volatility of the US market has shown sign of narrowing since April 13, which is a positive sign. Photo: Reuters

    Stock investing: Handling a difficult market

    - Apr 18, 2018 12:55pm
    With the equity bull trend seeming to run out of steam, I can understand why some investors are seeking to throw in the towel and head for the exit. Trading in a choppy market can indeed...
  • HomePod has seen sluggish sales since its launch in January at the price of US$349. Photo: AFP

    Why Apple’s HomePod has failed to make waves in tech market

    - Apr 18, 2018 12:45pm
    Apple is a market leader when it comes to smartphones, tablets and wearables, generating tremendous market response from consumers. However, HomePod, the smart speaker it launched early this year, has so failed to make waves in...

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