Incoming White House communications director Anthony Scaramucci on Wednesday evening called the “leak” of his financial disclosure form a “felony,” saying that he would be contacting the FBI and Justice Department about the matter. The disclosure, however, is a public document, multiple commentators pointed out. Late on Wednesday, Politico reported findings from the former hedge […]
Read moreMoody’s Investors Service no longer takes a negative view on China’s banking system, raising its outlook to stable on Thursday as concerns over so-called shadow banking eased. “The government’s adoption of more coordinated policy measures to curb shadow banking will help mitigate asset risks for banks, and address some key imbalances in the financial system,” […]
Read moreDespite the stock market rally, technology and pharmaceuticals are the main sectors actually chalking up growth, said advertising and public relations company WPP’s CEO, Sir Martin Sorrell. “Growth is there, but it’s in limited sectors of the economy despite what the stock market is saying,” Sorrell told CNBC’s “Squawk Box” on Thursday. The advertising guru […]
Read moreSoftware startup Slack Technologies is raising $250 million in a new funding round, according to people familiar with the matter, boosting the company’s valuation as Silicon Valley companies enjoy a surge in venture capital investments. Slack, which makes messaging and collaboration software for businesses, is raising the fresh funding at a valuation of slightly more […]
Read moreBanking stocks in one of the world’s top financial hubs rallied on Thursday after its second-largest lender reported quarterly earnings that handily beat estimates. Singapore’s Oversea-Chinese Banking Corp (OCBC), kicking off results season for the city state’s banks, said in a statement its second-quarter net profit jumped 22 percent year-on-year to 1.08 billion Singapore dollars […]
Read morePolice in the Chinese capital have detained 67 people for disturbing social order after demonstrators gathered to stage a rare protest in Beijing, complaining that the government was unfairly targeting a charity. While there are thousands of protests every year in China over everything from pollution to corruption, large protests are rare in heavily guarded […]
Read moreTroubled commodity trader Noble Group saw its shares plummet as much as 48.7 percent on Thursday after the company on Wednesday issued a profit warning and plans for asset sales. The stock tumbled as low as 29.5 Singapore cents, or 22 U.S. cents. At 9:08 a.m. HK/SIN, the stock was down 36.52 percent at S$0.365. […]
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Amazon launched its Prime Now services in Singapore, making the country the e-commerce giant’s first foray into the Southeast Asian market. The Prime Now app was made available for download on Wednesday night in Singapore, both on Google’s Play store and Apple’s App store. Prime Now is part of Amazon’s Prime membership service. Within the […]
Read moreAsia markets were mostly higher in early Thursday trade following the Federal Reserve’s decision to leave interest rates unchanged and ahead of a slew of corporate earnings. Japan’s benchmark Nikkei 225 index edged down 0.07 percent while South Korea’s Kospi advanced 0.52 percent in early trade. In Australia, the S&P/ASX 200 was moderately higher, trading […]
Read moreSamsung Electronics on Thursday said it expected the memory chip boom to continue in the current quarter, after reporting a record operating profit for the three months through June. The world’s biggest maker of memory chips, smartphones and television sets is widely expected to be on track to break profit records for the full year. […]
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