The looming meeting between President Donald Trump and North Korean leader Kim Jong Un could alter Asia’s security landscape regardless of whether the politicians reach an agreement or not. At the heart of any potential deal is the definition of denuclearization. Pyongyang has previously said it may only dismantle nuclear weapons if Washington removes its […]
Read moreThe Indonesian rupiah was at its strongest in four weeks after the country’s central bank raised interest rates again on Wednesday — barely two weeks after another such hike. Bank Indonesia, in a widely expected move, increased interest rates by 25 basis points in another attempt to curb the weakness in the rupiah. That followed […]
Read moreChina reported on Thursday that factory activity grew more than expected in May, with the official manufacturing Purchasing Managers’ Index (PMI) coming in at 51.9 — the highest level since October 2017. The Chinese manufacturing PMI was forecast to dip to 51.3 in May from 51.4 in April, according to a poll of economists by […]
Read moreAsian stocks looked set to rebound on Thursday as global markets recovered after recent fears about Italy faded. Futures tipped higher opens for markets in Australia and Japan: Nikkei futures traded in Chicago were up 0.98 percent compared to the index’s Wednesday close and Australian SPI futures were higher by 0.67 percent at the end […]
Read moreUber is on track to go public in 2019, CEO Dara Khosrowshahi told CNBC. “We’re in a good position in terms of the company’s profile, in terms of profitability and margins continue to get better,” Khosrowshahi told CNBC’s Carl Quintanilla at the Code Conference in Rancho Palos Verdes, California. Khosrowshahi added that Uber has a […]
Read moreThe music business has been a crowded space for a while, said Pandora CEO Roger Lynch. To compete, the media streaming company added yet another subscription service to its platform: the Pandora Premium Family plan. Lynch told CNBC’s Julia Boorstin on Wednesday that subscriptions are “the fastest growing part of our business.” Over the last […]
Read moreAT&T CEO Randall Stephenson said Sprint and T-Mobile will have “a tough hill to climb” to get merger approval from U.S. regulators. “It’s a classic horizontal merger where they are taking a competitor out of the marketplace,” Stephenson said. “Power to them if they get it done.” The comments are Stephenson’s first on the deal […]
Read moreBox investors came into Wednesday’s quarterly report with high expectations after the stock’s 32 percent rally this year. Even though the company’s fiscal first-quarter results topped estimates, the shares dropped in extended trading. Box will hold a conference call with analysts at 5 p.m. Eastern time. Here are the key numbers from the report: Earnings: […]
Read moreTechnology companies could soon drive down healthcare costs, according to Mary Meeker, a partner at venture firm Kleiner Perkins Caufield and Byers. As people in the U.S. increasingly struggle to make ends meet, the “consumerization” of healthcare and rising data availability could be on the cusp of reducing healthcare spending, Meeker predicted during her annual […]
Read moreIf the nuclear talks between President Donald Trump and North Korean leader Kim Jong Un do actually happen, it will mark the culmination of a long and unusual path. Just last year, Kim and Trump were exchanging insults and threats. Now they’re on the verge of a historic summit – apparently. “One has to treat […]
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