Chinese internet search behemoth Baidu is poised for stronger revenue as advertising on its news feed improves, spelling further upside for investors, according to KeyBanc Capital Markets. The bank upgraded its rating on shares of the Beijing-based company to overweight from sector weight on Monday, predicting that between its rising ad sales and outlook in […]
Read moreBillionaire Elon Musk has a unique proposition for saving the boys’ soccer team trapped in a Thai cave. The Tesla chief executive on Sunday shared a video via Twitter, demonstrating a “tiny, kid-size submarine” being used to transport a person across a pool. The vessel’s structure was made from the liquid oxygen transfer tube of […]
Read moreShares of Chinese smartphone maker Xiaomi opened for trade down more than 2 percent on their debut in Hong Kong on Monday, following a disappointing pricing and a listing delay in mainland China. Xiaomi shares opened down at 16.60 Hong Kong dollars ($2.12) a share, according to Dow Jones, below the initial public offering price […]
Read moreAsian shares were set for gains on Monday, taking cues from Wall Street’s advance following the release of strong employment data for the month of June. Meanwhile, trade remained a closely watched area for investors after the U.S. and China exchanged tariffs last week. Futures tipped higher opens for Japan and Australia on the first […]
Read moreElon Musk is sending engineers from two of his companies to Thailand to assist in the rescue of a boys’ soccer team trapped in a cave. Musk, the CEO of electric car manufacturer Tesla, said on Twitter that engineers from his space exploration company SpaceX and tunneling firm The Boring Company would travel to Thailand […]
Read moreAs China exchanges retaliatory tariffs with the US, it may play 'tit-for-tat game at sea' with Tokyo
The world’s second-largest economy may retaliate following Tokyo’s decision to send a helicopter carrier to the South China Sea, potentially triggering a “tit-for-tat game at sea,” Chinese state media has warned. The Japanese vessel will patrol the disputed waterway and the Indian Ocean for two months beginning in September as part of Japan’s efforts to […]
Read moreAsian economies such as Taiwan, South Korea and Southeast Asia could be badly hit if trade tensions between the U.S. and China heat up further, experts have warned. The U.S. fired the first shot on Friday with tariffs on $34 billion worth of Chinese goods from 818 product categories. China has vowed to impose retaliatory […]
Read moreA trade war between the U.S. and China is about to start, and there will be probably be “escalation upon escalation,” warned Geoff Raby, Australia’s former ambassador to China. Ahead of the expected Friday implementation of American and Chinese tariffs, Raby told CNBC that “it looks like the first shots to the trade war are […]
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As Netflix and Amazon search for new users abroad, they are increasingly looking to India as a big market. Once crippled by poor internet infrastructure and low household income, the world’s second-largest internet market has exhibited tremendous potential in the recent years. It’s proving, however, to be a tough nut to crack for the American […]
Read moreA wave of Chinese tariffs on U.S. goods is set to come into effect Friday as trade tensions between the two countries continue to intensify. Those tariffs — which China has said will be levied against goods worth $34 billion — will in part target several major U.S. commodities, including soybeans, electric vehicles, seafood and […]
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