Chinese smartphone maker Xiaomi is ready to put its business to the verdict of investors with an IPO in Hong Kong, but a disappointing pricing and a listing delay in mainland China are casting a cloud over its debut. Xiaomi, established only in 2010, is now the world’s fourth-largest smartphone manufacturer by producing low-priced devices […]
Read moreAsian stocks rose on the last trading day of the week, taking cues from Wall Street’s overnight advance. Meanwhile, investors braced for developments on the trade front as markets awaited tariffs from the U.S. and China to take effect later on Friday. The Nikkei 225 rose 0.81 percent in Tokyo as most sectors rebounded after […]
Read morePresident Donald Trump has vowed that “trade wars are good and easy to win.” But as the U.S. on Friday made good on threats to impose steep trade tariffs on China, it was hard to identify any beneficiaries. And because Trump has spurned long-standing rules that call for trade disputes to be handled by the […]
Read moreAs Indian Prime Minister Narendra Modi prioritizes national security messaging as part of his reelection campaign, he’s made controversial moves in the disputed Himalayan valley of Kashmir. That’s raised fears of fresh instability in a powder keg region already prone to frequent eruptions of violence. Modi, still vulnerable from December’s narrow election victory in his […]
Read moreAsian markets were set for slight gains on Thursday, with investors nervous ahead of a deadline when tariffs from the U.S. and China are due to be implemented. Futures tipped markets in Japan and Australia to open higher. Nikkei futures were mostly flat, trading 0.06 percent higher than the index’s Wednesday close. Australian futures were […]
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Quinoa, ambient lighting and Perrier. They’re certainly not be synonymous with fast food giant McDonald’s, but if a new concept being tested out in Hong Kong proves successful, that could change. A branch was renovated last year into what the company called, McDonald’s Next. Here, a burger and fries are delivered to customer’s tables on […]
Read moreWhile the last decade has seen the proliferation of food delivery services such as UberEats and Deliveroo, Japanese instant noodle pioneer Nissin Foods says it maintains a unique advantage in one category: soup noodles. Speaking with CNBC’s “Squawk Box,” the company’s executive director and CEO, Kiyotaka Ando, said consumers are now coming back to the […]
Read moreInternational attention is on Malaysia’s new government to demonstrate its commitment to political transparency as the criminal case of former scandal-ridden ruler Najib Razak gets underway. Najib’s Tuesday arrest and subsequent charges — three criminal breach of trust counts and one offense of abuse of power — are a major development in a multibillion-dollar corruption […]
Read moreIndia’s banking sector crisis has left most state lenders hamstrung with mounting levels of bad loans, investigations into fraud and restricted growth opportunities. Amid that storm, private banks are set to emerge as winners. India’s public-sector financial institutions control about 70 percent of all banking assets in the country, but they have the highest exposure […]
Read moreAsian stocks were set to ease on Wednesday, after markets stateside closed in negative territory in a holiday-shortened session while trade jitters continued to simmer ahead of a deadline when tariffs are due to take effect. Japanese markets were poised to slip when markets opened for trade, with Nikkei futures traded in Chicago lower by […]
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