Date
15 December 2019

Business

  • Qantas is very optimistic about the market prospects for non-stop services from Sydney to London and to New York. Photo: Reuters

    Qantas selects Airbus over Boeing for world’s longest flights

    Dec 13, 2019 3:52pm
    Australia’s Qantas Airways has picked Airbus over Boeing as the preferred supplier for jets capable of the world’s longest commercial flights from Sydney to London, Reuters reports. Qantas CEO Alan Joyce was quoted as saying that...
  • South Korea is said to be the world’s No. 4 market for online food orders. Photo: Bloomberg

    Germany’s Delivery Hero to buy Korea’s Woowa in US$4 bln deal

    Dec 13, 2019 3:34pm
    Germany’s Delivery Hero has agreed to buy Woowa Brothers, which operates South Korea’s largest food delivery app, in a US$4 billion deal. Announcing the deal on Friday, Woowa said the sale was “a survival strategy” in an...
  • ESR Cayman owns only about 20 percent of its portfolio on its balance sheet, with the rest owned by other investors. Photo: ESR

    REIT listing activities pick up in Hong Kong

    - Dec 13, 2019 1:15pm
    December is the second consecutive month that a new stock from the commercial property space has listed on the local exchange. ESR Cayman (01821.HK), a Beijing-based logistics operator with portfolio across the Asia Pacific, listed on...
  • MUJI has lost out in a trademark infringement case in China, prompting concerns among foreign firms operating in the country. Photo: Bloomberg

    Trademark lawsuits in China and the mixed outcomes

    - Dec 13, 2019 11:39am
    Japanese retailer MUJI recently lost a drawn-out trademark battle with a local company in China. MUJI, founded in 1980, entered China market in 2005. It opened its first store in Shanghai, and later found out that...
  • Technologies such as robotics and artificial intelligence have vast potential, but institutions need to understand the risks, social impact and ethical implications. Photo: Reuters

    Is tech a new frontier for sustainability?

    - Dec 13, 2019 10:55am
    Discussions about “sustainability” usually center on a company’s environmental and social commitments, and for understandable reasons. But the financial sector in particular should consider two other, less obvious, dimensions of sustainability. Regulatory sustainability is essential for...
  • Refinitiv has been accused of bowing to Beijing's pressure and filtering out some Reuters content on Hong Kong protests from its Eikon terminals in China. Photo: Reuters

    Refinitiv blocked Reuters HK protests stories in China: report

    Dec 13, 2019 10:32am
    As anti-government demonstrations engulfed Hong Kong in August, Reuters broke a sensitive story: Beijing had rejected a secret proposal by city leader Carrie Lam to meet several of the protesters’ demands in a bid to defuse...
  • Facebook is taking steps in response to criticism over how it handles problematic content and transparency around its decision-making. Photo: Reuters

    Facebook pledges US$130 mln to content oversight board

    Dec 13, 2019 9:30am
    Facebook said on Thursday that it has committed an initial US$130 million to fund an independent oversight board that will handle tasks in relation to content decisions. The board will be able to make final decisions...
  • Amin H. Nasser, President and CEO of Aramco, attends the official ceremony marking the debut of the Saudi oil giant on the Riyadh stock market on Wednesday. Photo: Aramco website/Handout via Reuters

    Aramco briefly hits US$2 trln market value on 2nd trading day

    Dec 12, 2019 4:54pm
    Saudi Aramco’s shares opened up 10 percent in their second day of trading in Riyadh on Thursday, briefly sending the state oil firm’s market value above the US$2 trillion mark, Reuters reports. The shares hit 38.7...
  • Investors will need to address risk in a deeper, more holistic way. Photo: Reuters

    Five investment focus areas for 2020

    - Dec 12, 2019 1:55pm
    In 2020, we expect markets to pivot between embracing and avoiding risk as they process muted economic growth, low rates and heightened political uncertainty. We think 2020 will be characterized by muted global growth, a slower...
  • ING is said to have taken up a digital assets custody technology project as part of several initiatives related to blockchain. Photo: Bloomberg

    ING working on digital assets custody technology: report

    Dec 12, 2019 1:08pm
    Dutch banking giant ING is working on developing technology to help clients safely store digital assets, Reuters reports, citing people familiar with the matter. The custody project, which is being run out of Amsterdam, is still...
  • Blockchain technology could provide a model for decentralizing content hosting, oversight and even monetization of social media, Twitter CEO Jack Dorsey says. Photo: Reuters

    Twitter plans ‘decentralized standard’ for social networks

    Dec 12, 2019 12:23pm
    Twitter plans to set up an independent research group to create an “open and decentralized” system for social networks, CEO Jack Dorsey said on Wednesday, Reuters reports. The system, or “standard,” will not be owned by...
  • AB InBev's sale of its Australian unit to Japan's Asahi is facing some uncertainty as Australia's antitrust regulator has raised some concerns. Photo: Reuters

    Australia regulator raises concerns over AB InBev-Asahi deal

    Dec 12, 2019 12:07pm
    Australia’s antitrust regulator has raised concerns over Anheuser-Busch InBev’s US$11.3 billion deal to sell its Australian operations to Japan’s Asahi group Holdings. The Australian Competition and Consumer Commission (ACCC), in a preliminary view, said the deal...
  • Former Federal Reserve chairman Paul Volcker was credited for his unwavering stance on taming inflation. Photo: Reuters

    US economy vastly different during Paul Volcker’s time

    - Dec 12, 2019 12:04pm
    Former Federal Reserve chairman Paul Volcker has died at 92. He headed the US central bank from 1979 to 1987 and was best known for having waged a war against inflation and pushed interest rates to...
  • Many local fans of Nakamura Tokichi will miss its signature matcha and egg rolls – and the experience of dining in an authentic Kyoto teahouse. Photo: Wpcpey/Wikimedia Commons

    Sayonara to Nakamura Tokichi

    - Dec 12, 2019 11:17am
    When Japanese green tea purveyor Nakamura Tokichi landed in Hong Kong in 2015, the local property market was down following the Occupy protest movement a few months back.  It was an auspicious start as it meant...
  • Ping An's financial technology unit has scaled down its US IPO and settled for a lower valuations. Photo: Bloomberg

    Ping An unit OneConnect cuts IPO by 28%, lowers target valuation

    Dec 12, 2019 9:35am
    Ping An Insurance’s fintech unit OneConnect Financial Technology on Wednesday downsized its planned US initial public offering by 28 percent and lowered its target valuation, Reuters reports. OneConnect set a US$9-10 price range for its offering,...
  • Federal Reserve Chair Jerome Powell speaks at a news conference in Washington on Wednesday after concluding a policy meeting. Photo; Reuters

    Fed keeps rates on hold, says economic outlook ‘favorable’

    Dec 12, 2019 8:59am
    The US Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs will not change anytime soon, with moderate economic growth and historically low unemployment expected to persist through the 2020 presidential election, Reuters...
  • For companies that use chatbots, the experience delivered can have an outsized impact on a customer’s perception, sentiment and loyalty towards the brand. Photo: Reuters

    What’s next for chatbots in banking?

    - Dec 12, 2019 8:18am
    “Chatbot” was once a buzzword used across various industries – from financial institutions to online retailers. Today, artificial intelligence (AI), which interacts with customers through online platforms, is the norm. From a customer’s point of view,...
  • Officials attend a ceremony marking the debut of Saudi Aramco's initial public offering on the Riyadh's stock market, in Riyadh, Saudi Arabia, on Wednesday. Photo: Reuters

    Saudi Aramco shares jump 10% on stock market debut

    Dec 11, 2019 4:37pm
    Saudi Aramco shares surged the maximum permitted 10 percent above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the US$2 trillion valuation long sought by Saudi Crown...
  • The US military is said to be preparing to invest in commercial-scale rare earths processing facilities. Photo: Reuters

    US Army to fund rare earths plant for weapons devt: report

    Dec 11, 2019 2:43pm
    The US Army plans to fund construction of rare earths processing facilities, part of an urgent push by Washington to secure domestic supply of the minerals used to make military weapons and electronics, Reuters reports, citing...
  • Many smartphone users appear to be putting off plans to make new purchases until after 5G smartphones have become mainstream next year.  Photo: Reuters

    Xiaomi, Oppo eye new strategies as Huawei focuses on home market

    - Dec 11, 2019 2:36pm
    The US ban on Huawei Technologies is having an indirect impact on other Chinese smartphone makers after the company started reallocating its resources to focus on the home market, which in turn has affected the business of...