Date
7 December 2019

Business

  • Intel has announced a partnership with Taiwan chipmaker MediaTek to develop 5G chips for cellular-connected computers. Photo: Reuters/AFP

    Will 5G laptop computers become mainstream?

    - Nov 27, 2019 12:58pm
    There’s no doubt that 5G is the emerging trend in the technology sector. According to Qualcomm, global smartphone makers expect to ship 450 million 5G handsets in 2021 and another 750 million in 2022. On Monday, Intel...
  • Huawei has released promotional videos wherein founder Ren Zhengfei speaks of the firm’s journey from small beginnings into its current status as the world’s largest telecoms equipment firm. Photo: Reuters

    Huawei’s startup story and its early ties with Hong Kong

    - Nov 27, 2019 11:10am
    Chinese technology giant Huawei has hired BBC’s commercial arm to make promotional videos on the “The Real Story of Huawei”. The video series features founder Ren Zhengfei describing how Huawei grew from a small company into...
  • Chicago's mayor Lori Lightfoot is facing off with Uber and Lyft as she increases the taxes on certain ride-hailing trips. Photo: Reuters

    Chicago clears traffic congestion tax on ride-hailing services

    Nov 27, 2019 9:28am
    A proposal to combat traffic congestion in Chicago by increasing taxes on certain ride-hailing trips won city council approval on Tuesday, Reuters reports. Mayor Lori Lightfoot’s plan increases the city’s tax on single-passenger trips and lowers...
  • China's finance ministry sold the bonds in four tranches on Tuesday. Photo: Reuters

    China raises US$6 billion in its biggest international bond sale

    Nov 27, 2019 9:21am
    China has raised US$6 billion in its biggest-ever international sovereign bond sale as it pounced on the year’s sharp dive in borrowing costs, Reuters reports. The finance ministry sold the bonds in four tranches on Tuesday....
  • The FAA said it has not completed its review of the 737 MAX aircraft design changes and associated pilot training. Photo: Bloomberg

    FAA to be sole issuer of new 737 MAX airworthiness certificates

    Nov 27, 2019 9:05am
    The Federal Aviation Administration said it notified Boeing Co. that the agency will be the only issuer of airworthiness certificates for all new 737 MAX planes, a role that it had shared with the aircraft maker...
  • A business tendency survey shows the information and communications sector faring much better than others in terms of perceived prospects. Source: HK govt

    Tech plays uptrend could last much longer than thought

    - Nov 26, 2019 5:11pm
    The listing of Alibaba (09988.HK) in Hong Kong could ignite a new round of tech sector fervor on the stock markets. In fact, the previous three rounds of stock market boom (up to 2000, 2007 and...
  • The ECB should confirm that it is not an inflation targeter and targets neither a nominal GDP nor a specific price level, says the author. Photo: Bloomberg

    Time for a review of the ECB strategy

    - Nov 26, 2019 1:15pm
    Now is the time to position for a review of the European Central Bank (ECB) strategy, which will determine how long-lasting the approach of its former head Mario Draghi will be. Surprisingly, there are many crucial questions...
  • Chinese e-commerce behemoth Alibaba made a successful debut on the Hong Kong bourse on Tuesday. Photo: Bloomberg

    Alibaba shares post strong early gains in Hong Kong debut

    Nov 26, 2019 11:36am
    Chinese e-commerce giant Alibaba Group saw its shares surge as much as 7.7 percent in early trading on Tuesday as they made their debut on the Hong Kong bourse. At mid-morning, the stock was changing hands...
  • AiA's decision to hire Ping An's Lee Yuan Siong reflects the Asia-focused insurer's ambitions to boost its mainland China business further as growth in Hong Kong slows. Photos: Reuters, Bloomberg

    Why AIA poached a top executive from Ping An

    - Nov 26, 2019 11:30am
    As China’s insurance market is set to open up more for foreigners, AIA Group 01299.HK) is doing all it can to get prepared, including poaching a top executive from rival Ping An Insurance. AIA announced Friday...
  • Huawei will have the chance to secure 5G network contracts in France as the country has decided that it won't exclude any entity from bidding. Photo: Reuters

    France won’t exclude China’s Huawei from 5G rollout: minister

    Nov 26, 2019 9:48am
    France will not follow the United States and exclude China’s Huawei from its next-generation 5G network, but will have the power to vet all equipment makers for any potential security threat, a minister said on Monday,...
  • EBay is selling off a ticketing unit after pressure from activist investors to hive off some off its businesses. Photo; Wikipedia

    EBay to sell ticketing unit StubHub for US$4.05 bln

    Nov 26, 2019 9:39am
    EBay will sell ticketing unit StubHub to ticket reseller Viagogo for US$4.05 billion in cash, the companies said on Monday, Reuters reports. The announcement comes after the ecommerce major came under pressure from activist investors to...
  • The RISC-V Foundation sets standards for the core chip architecture and controls who can use the RISC-V trademark on products. Photo: Bloomberg

    US chip-tech group moving to Switzerland over trade curb fears

    Nov 26, 2019 9:33am
    A US-based foundation overseeing promising semiconductor technology developed with Pentagon support will soon move to Switzerland after several of the group’s foreign members raised concerns about potential US trade curbs, Reuters reports. The nonprofit RISC-V Foundation...
  • Investors, funds and markets will benefit from an initiative to standardize the framework for funds’ derivatives risk management, SEC chief Jay Clayton says. Photo: Reuters

    US regulator proposes new rules on use of derivatives in ETFs

    Nov 26, 2019 9:23am
    The US securities regulator on Monday proposed new regulations for the use of derivatives by investment funds to introduce some safeguards for more risky products and increase competition, Reuters reports. The proposal from the Securities and...
  • Manchester United manager Ole Gunnar Solskjaer (L). Rumours have been circulating that Saudi Arabia will acquire the English Premier League football club. Photo: Reuters

    The rentier states ruling football

    - Nov 25, 2019 5:14pm
    For more than a year, rumors have been circulating that the Kingdom of Saudi Arabia will acquire English Premier League football club Manchester United. If this rumor ultimately proves to be true, then Saudi Arabia will...
  • US jeweler Tiffany is set to become part of the luxury goods empire of French billionaire Bernard Arnault. Photo: Reuters

    LVMH to buy Tiffany in US$16.2 bln deal

    Nov 25, 2019 5:06pm
    French luxury goods conglomerate LVMH has agreed to buy US jeweler Tiffany & Co in a deal worth US$16.2 billion, according to an announcement on Monday. “The acquisition of Tiffany will strengthen LVMH’s position in jewelry...
  • Tiffany, known for its engagement rings and ties to Hollywood glamor, is being sought for about US$16.3 billion. Photo: Bloomberg

    LVMH close to buying Tiffany after sweetening offer: report

    Nov 25, 2019 10:01am
    LVMH is close to buying US jewelry chain Tiffany & Co. for about US$16.3 billion after sweetening its offer, Reuters reports, citing sources. The two sides are close to an agreement after the French luxury goods company...
  • Novartis seeks to expand its portfolio of medicines against cardiovascular disease. Photo: Reuters

    Novartis to buy US biotech firm in US$9.7 billion deal

    Nov 25, 2019 9:46am
    Novartis AG is buying US biotechnology company The Medicines Co. for about US$9.7 billion as it seeks to expand its portfolio of medicines against cardiovascular disease, Reuters reports, citing the Swiss drugmaker. The deal is expected...
  • With China's economy growing at its weakest pace in nearly three decades, the revisions could fuel skepticism about the credibility of the data. Photo: AFP

    GDP revisions put China on target to double economy amid doubts

    Nov 22, 2019 3:37pm
    China on Friday revised up its nominal 2018 gross domestic product (GDP) by 2.1 percent to 91.93 trillion yuan (US$13.08 trillion), keeping it on track to achieving its goal of doubling the size of its economy...
  • China wants a trade deal on the basis of mutual respect and equality, Xi Jinping says, following a standoff with the US. File photo: Bloomberg

    Xi Jinping says keen to work out initial trade deal with US

    Nov 22, 2019 3:36pm
    China wants to work out an initial trade pact with the United States and has been trying to avoid a trade war, but is not afraid to retaliate when necessary, President Xi Jinping said on Friday. “We...
  • Tesla CEO Elon Musk unveils the company's all-electric battery-powered Cybertruck at the Tesla Design Center in Hawthorne, California on Thursday. Photo: AFP

    Tesla unveils first-ever electric pickup truck

    Nov 22, 2019 12:54pm
    Tesla Inc. unveiled its first electric pickup truck that looked like a futuristic angular armored vehicle in gunmetal gray, as the California company took aim at the heart of Detroit automakers’ profits. At a launch event...