A firming dollar will set the stage as Asia markets open for trade Friday following solid U.S. economic data, and investors will be looking ahead to more corporate earnings due during the session. The greenback firmed on the back of better-than-expected U.S. durable goods orders for the month of June. A measure of orders for […]
Read moreHuawei, the world’s third-largest smartphone vendor by shipment, said that its consumer business group saw sales revenue for the first six months ending in June grow by 36.2 percent on-year to 105.4 billion yuan ($15.65 billion). Its smartphone shipment rose 20.6 percent on-year to 73.01 million. In May, a report from Gartner said Huawei had […]
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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 moreHere are the two top places where WPP will be putting ad dollars this year, according to CEO Sorrell
Despite 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 […]
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