Chinese smartphone maker Xiaomi recorded a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering, according to a filing. That compares with a net loss of 43.89 billion yuan for the whole of 2017, according to its draft prospectus for what is expected to be the first Chinese […]
Read moreContract manufacturer Foxconn said on Sunday it is investigating a plant in China that makes devices for Amazon.com Inc, after a U.S. watchdog group criticized what it described as harsh working conditions at the factory. A 94-page report by New York-based China Labor Watch that followed a nine-month investigation cited excessive hours, low wages, inadequate […]
Read moreSpeaking in Singapore on Monday, President Donald Trump said he believed Tuesday’s meeting with North Korea’s Kim Jong Un “could work out very nicely.” “We’ve got a very interesting meeting in particular tomorrow, I think things could work out very nicely,” he said during a bilateral meeting with Singapore Prime Minister Lee Hsien Loong, who […]
Read moreEuropean equities are set to open higher Monday as a historic meeting between the U.S. President and the North Korean leader takes place. The FTSE 100 is seen up by 16 points at 7,691; the DAX is expected to start up by 31 points at 12,784; and the CAC 40 is seen higher by 8 […]
Read morePresident Donald Trump and North Korean leader Kim Jong Un are set to meet at the negotiating table in Singapore on Tuesday in a dramatic reversal from last year’s insults and brinkmanship. The road to the historic meeting — the first between a sitting U.S. President and a North Korean leader — has been fraught […]
Read moreThe first-ever meeting between sitting U.S. and North Korean leaders is set to happen in Singapore with potentially major consequences for Asia and the international community. President Donald Trump and North Korea’s Kim Jong Un, who arrived separately to the Southeast Asian city-state on Sunday, are due to meet face-to-face Tuesday morning at the Capella […]
Read moreNorth Korea has told the United States that it’s prepared to discuss denuclearization at the June 12 summit between its leader Kim Jong Un and President Donald Trump. But the reclusive regime likely has an entirely different understanding of what denuclearization entails. than the White House. For the U.S., the term means North Korea relinquishing […]
Read moreA former rising star in Hong Kong’s radical youth opposition was sentenced to 6 years in jail on Monday for rioting and assaulting the police, one of the city’s harshest sentences against a democracy activist in recent years. Edward Leung, 26, one of the leaders of a movement advocating Hong Kong’s independence from China, had […]
Read moreState-run Chinese newspapers on Monday crowed about a weekend meeting of a regional security bloc hosted by China, painting it as a harmonious, anti-protectionist counterpoint to the G-7 summit in Canada that was marred by acrimony. The Global Times, a nationalistic tabloid run by the ruling Communist Party’s main newspaper, the People’s Daily, asked why […]
Read moreIt is “justified” for small, developing nations to enjoy some form of protectionism because they cannot compete on equal footing against large trading countries, Malaysian Prime Minister Mahathir Mohamad said on Monday. Speaking at a conference in Tokyo, he said that countries that are still growing need some “privileges.” In fact, small countries like Malaysia […]
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