Date
21 April 2018

Business

  • Since US President Donald Trump took office in January 2017, the dollar has weakened substantially against most currencies. Photo: Reuters

    Trump says Russia, China playing ‘currency devaluation game’

    Apr 17, 2018 8:36am
    US President Donald Trump accused Russia and China of devaluing their currencies while the United States raises interest rates, Reuters reports. “Russia and China are playing the Currency Devaluation game as the US keeps raising interest...
  • A SpaceX Falcon 9 rocket, with the Dragon spacecraft onboard, launches at NASA's Kennedy Space Center on June 3, 2017. The US space agency’s TESS mission is set for launch on a Falcon 9 from Cape Canaveral on Monday. Pics: NASA via Reuters, Bloomberg

    NASA, SpaceX set to launch planet-hunting satellite

    Apr 16, 2018 6:05pm
    NASA’s Transiting Exoplanet Survey Satellite (TESS) is scheduled to launch on a SpaceX Falcon 9 rocket from a facility in Florida on Monday. According to reports, the satellite, which is aimed at finding far-away planets that...
  • Da Hong-fei, founder of NEO blockchain, delivers a speech during the TOKEN2049 conference in Hong Kong in March. Photo: Handout

    China’s crypto crackdown will help clean up market: NEO chief

    - Apr 16, 2018 3:14pm
    Originally known as Antshares, NEO is China’s first open-source blockchain, and has been dubbed as “China’s Ethereum.” Despite China banning crypto trading and initial coin offering (ICO) projects since last September, NEO’s crypto token has enjoyed...
  • Cryptocurrency billionaires could help fund projects that improve the management of health-care finances. Photo: Bloomberg

    How should the crypto-rich spend their money?

    - Apr 16, 2018 12:20pm
    In February, Forbes published its first-ever list of cryptocurrencies’ richest people. The top ten were each worth around US$1 billion, while the wealthiest – an American blockchain innovator named Chris Larsen – was estimated to be...
  • Facebook CEO Mark Zuckerberg displayed admirable skills in human interaction during his appearance at the US Congress last week. Photo: AFP

    Facebook’s Zuckerberg shows savvy in human interaction

    - Apr 16, 2018 12:09pm
    Facebook co-founder and chief executive Mark Zuckerberg fielded questions from US lawmakers for roughly 10 hours over two days last week. Though the grilling was intense, it is said that the 33-year-old billionaire didn’t break a sweat...
  • Critics contend that Mark Zuckerberg has not said enough during his congressional testimony last week about the extent and use of the data that Facebook collects. Photo: Reuters

    Data privacy concerns rise as Facebook admits tracking non-users

    Apr 16, 2018 9:25am
    Concern about Facebook’s respect for data privacy is widening to include the information it collects about non-users, after Chief Executive Mark Zuckerberg said the social network tracks people whether they have accounts or not, Reuters reports....
  • Tesla CEO Elon Musk acknowledged that the unprecedented level of robots used in the production of Model 3 has added complexity and delays. Photo: Bloomberg

    Tesla’s Musk says no need for more capital, sees profit soon

    Apr 16, 2018 9:23am
    Elon Musk, chief executive of electric-car maker Tesla Inc., said the company will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, Reuters reports....
  • Goldman Sachs acquired Clarity Money, a free app that helps consumers manage their personal finances, to bolster its Marcus online lending business. Photo: Reuters

    Goldman Sachs buys personal finance startup Clarity Money

    Apr 16, 2018 9:04am
    Goldman Sachs Group Inc. bought Clarity Money, a personal finance startup, to bolster its Marcus online lending business, Reuters reports. Buying Clarity Money, a free app that helps consumers manage their personal finances, is expected to...
  • A strategy that combines market momentum and fundamental value in stock selection may work better in a volatile market. Photo: Reuters

    A strategy that combines momentum and value investing

    - Apr 13, 2018 11:42am
    My two momentum-based mock portfolios have underperformed the Tracker Fund of Hong Kong (02800.HK) in the first quarter due to an extremely volatile market. Amid the market turbulence, many stocks in the two momentum-investing portfolios triggered...
  • Other than fueling a surge in the importation of high-end models, lower tariffs are unlikely to bring much impact to the Chinese auto industry. Photo: Reuters

    Lower car tariffs may have little impact on Chinese auto makers

    - Apr 13, 2018 9:33am
    Chinese President Xi Jinping announced a raft of measures to further open up the economy at the Boao Forum Asia in the southern island of Hainan on Tuesday, most likely mitigating the risk of a looming...
  • Uber does not exert enough control over drivers for its limo service, UberBLACK, to be considered their employer under the federal Fair Labor Standards Act, the US district court judge said. Photo: Bloomberg

    Uber drivers not company’s employees, US judge rules

    Apr 13, 2018 8:54am
    A US judge in Philadelphia has ruled that limousine drivers for Uber Technologies Inc. are independent contractors and not the company’s employees under federal law, Reuters reports. US District Judge Michael Baylson on Wednesday said the San...
  • The Tesla Model X car crashed and caught fire near Mountain View, California, on March 23, prompting investigations by the authorities. Photo: Reuters

    Tesla, US safety board clash over Autopilot investigation

    Apr 13, 2018 8:51am
    Tesla Inc. lashed out at the National Transportation Safety Board after the agency took the unusual step of removing the automaker as a party to its investigation of a fatal crash in March in which a...
  • US President Donald Trump has asked Trade Representative Robert Lighthizer and White House economic advisor Larry Kudlow to reopen negotiations on the Trans-Pacific Partnership. Photo: Reuters

    Trump mulls rejoining Pacific trade pact

    Apr 13, 2018 7:39am
    US President Donald Trump has asked his trade advisers to look at rejoining the Trans-Pacific Partnership, a multinational trade pact he withdrew the United States from last year, Reuters reports, citing White House spokeswoman Lindsay Walters....
  • Facebook CEO Mark Zuckerberg is under pressure to rethink his company's business model that relies of advertising revenue in exchange for the personal data of users of the social network. Photo: AFP/Reuters

    Can we not just pay to protect the privacy of our data?

    - Apr 12, 2018 1:12pm
    Facebook chief executive Mark Zuckerberg is said to have passed satisfactorily two days of intense grilling by US lawmakers, who invited him to shed light on the data privacy scandal that has beset his global social network....
  • Stitch Fix uses style experts and artificial intelligence to select clothing and accessories for its clients. Photo: Facebook

    Applying AI to personal styling service

    - Apr 12, 2018 9:39am
    Decades ago, when the internet was still in its infancy, experts predicted that one-on-one marketing would soon become a reality, and consumers would just sit at home and wait for the products they ordered to be...
  • Tesla is believed to have set an ambitious target for launch of production of Model Y, a crossover version of the Model 3. Photo: Reuters

    Tesla aims to begin Model Y production in Nov 2019: report

    Apr 12, 2018 9:23am
    Tesla is targeting November 2019 for start of production of its Model Y sport utility vehicle, with output in China to begin two years later, Reuters reports, citing sources familiar with the matter. The electric car...
  • Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce Committee hearing on Capitol Hill in Washington, D.C., on Wednesday. Photo: Reuters

    Zuckerberg spars with Congress over control of Facebook data

    Apr 12, 2018 8:54am
    Facebook Inc. chief executive Mark Zuckerberg fielded 10 hours of questions over two days from nearly 100 US lawmakers and emerged largely unscathed. He parried questions of how much control people have over their data on...
  • Federal Reserve Chairman Jerome Powell speaks at a news conference following a policy meeting in Washington on March 21. Photo: Reuters

    Fed officials see strengthening US economy, inflation

    Apr 12, 2018 8:46am
    US Federal Reserve officials all agreed that the world’s largest economy would firm further and that inflation would rise in the coming months, minutes of the central bank’s last policy meeting showed. According to the minutes...
  • Chinese President Xi Jinping has pledged to further open up the economy. Photo: Reuters

    Xi’s Boao pledges: for Trump or China’s long-term benefit?

    - Apr 11, 2018 4:30pm
    In an apparent bid to defuse growing trade tensions with the United States, Chinese President Xi Jinping has unveiled a set of measures largely addressing US President Donald Trump’s complaints. In a speech at the Boao...
  • In its latest move to compete with Amazon, Walmart has established a partnership with logistics service provider Postmates to expand its grocery delivery business. Photo: Postmates, Bloomberg

    Walmart partners Postmates to expand online grocery delivery

    Apr 11, 2018 1:06pm
    US retail giant Walmart has established a partnership with logistics service provider Postmates to expand its grocery delivery business. The Walmart Online Grocery Delivery service, which will deliver online grocery orders directly to the shoppers’ homes,...

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