Drones have come a long way from being military-grade equipment to commercially accessible toys sold across mainstream stores. But as well as being disruptive to industries – with Amazon trialing its own drone delivery service – drones have become increasingly disruptive to commercial aircraft, buildings, and people. Several flights were delayed at a U.K. airport […]
Read moreAustralia’s fourth largest bank ANZ may appear to be downsizing operations in Asia with the recent asset sales, but its chief executive said the lender was merely “tweaking our strategy.” ANZ CEO Shayne Elliott told CNBC’s “Street Signs” on Tuesday the “tweaks” to focus on its corporate clients in Asia came after taking into consideration […]
Read moreBrexit could lead to a fragmentation of the financial services industry in Europe, incapable of fighting against major financial hubs like New York and Singapore, a senior Italian official told CNBC in an exclusive interview. “There’s a danger in fact. We are concerned because having an easy and relatively cheap access to market capitals here […]
Read moreChinese firm LeEco’s downward spiral continues after unpaid debts lead a Shanghai court to freeze 1.2 billion yuan ($180 million) in assets owned by its subsidiaries, chairman and CEO Jia Yueting and his wife, according to various local media reports citing court documents. The assets were originally pledged as collateral in 2015 for a 2.4 […]
Read moreThe initial public offering market in Singapore was set for a “strong rebound” this year, with the current pipeline of “blockbuster” listings already pointing to the highest amount of funds raised since 2014, according to a Deloitte report. That was despite slower activity in the first half of 2017, when the Singapore Exchange (SGX) added […]
Read moreLook beyond tweets and “media snow” to see what U.S. President Donald Trump has actually done, former Australian Prime Minister John Howard said on Wednesday. “I think what people should look at is the substance of the outcome of all the things he does,” Howard told CNBC’s “Squawk Box“. Trump’s response to the Syrian government’s […]
Read moreA wave of erroneous market data appeared on several finance sites in early Asia hours on Tuesday, with Nasdaq-listed stocks such as Apple, Google, Amazon and Microsoft all showing prices of $123.47 each. The incorrect data was discovered on Google Finance and Yahoo Finance. Bloomberg terminals were also showing incorrect data, according to a Dow […]
Read moreSpaceX aborted a second launch attempt Monday evening for a Falcon 9 rocket carrying Intelsat 35e, a commercial communications satellite. The launch was shut down by SpaceX’s computers with less than 10 seconds to liftoff. In a tweet, SpaceX said it was standing down for the day due to a violation of abort criteria, adding […]
Read moreNorth Korea launched a missile on Tuesday, with Japan saying it appeared to have landed in the Japanese exclusive economic zone (EEZ), Reuters reported. On its website, South Korean state news agency Yonhap cited South Korea’s military as saying an unidentified ballistic missile launched from a location near the North’s border with China at 9:40 […]
Read moreIn their campaign program for the German election, Chancellor Angela Merkel‘s conservatives have dropped the term “friend” in describing the relationship with the United States. Four years ago, the joint program of her Christian Democratic Union (CDU) and its Bavarian sister party, the Christian Social Union (CSU), referred to the United States as Germany‘s “most […]
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