As the world’s second-largest economy threatens military action in the South China Sea, oil and gas players with interests in the disputed zone are put in a bad place. That was the case for Spanish energy firm Repsol. In July, its subsidiary Talisman-Vietnam was ordered by Hanoi to stop gas drilling in a China-claimed area […]
Read moreIndian Prime Minister Narendra Modi faces a daunting challenge as his administration looks to deport Rohingya refugees while fending off international criticism — a balancing act expected to test New Delhi’s superpower aims. Escaping what the United Nations has called “ethnic cleansing” in Myanmar’s northwest state of Rakhine, thousands of Rohingya — a Muslim-majority ethnic […]
Read moreThe U.S. Securities and Exchange Commission (SEC), the country’s top markets regulator, said on Wednesday hackers may have illegally profited by trading using insider information stolen from its corporate disclosure database. The regulator said the incident took place in 2016 but that it had only detected the breach of its EDGAR system last month and […]
Read moreAlphabet subsidiary Google announced on Thursday that it signed a $1.1 billion cooperation agreement with Taiwanese smartphone maker HTC to bolster its smartphone and emerging hardware business. Under the agreement, Google will acquire a team of HTC employees, many of whom have worked with the company on its Pixel smartphone. As part of the transaction, […]
Read moreThe Bank of Japan is likely to end its two-day rate review on Thursday with no change in monetary policy as the country’s inflation rate remains way below target despite an improving economy. Central banks are signaling a gradual rollback of massive stimulus from the aftermath of the Global Financial Crisis, but the BOJ may […]
Read moreA man who worked as a baggage handler at Singapore’s Changi Airport swapped tags on hundreds of bags, sending the luggage to the wrong destinations, the Straits Times newspaper reported. Tay Boon Keh, a 63 year-old working as a baggage handler for a sub-contractor of the Changi Airport Group, was charged in court on Tuesday […]
Read moreWe’ve all seen the news reports, again and again: A massive breach has occurred. Many millions of customer records have been obtained by hackers. The company in question has flubbed the response to the incident. Wall Street is punishing the company, and the stock has plummeted since the breach was reported. That opening to articles […]
Read moreStart-ups are opting for private investment rounds and are shying away from the public scrutiny of the global capital markets, but one fund manager says he knows the solution. “Quite frankly, there is no profit to be made for the banks for having companies go public under a three- or four-billion dollar valuation,” said Jeff […]
Read moreThe Singularity is coming, Masayoshi Son says. The founder of SoftBank, the Japanese conglomerate, had the business world chattering on Monday night with his speech at the Appeal of Conscience Foundation. (DealBook is the first to report on it.) His main thrusts: • The Singularity, when artificial intelligence finally outstrips that of humans, will replace […]
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