Chinese firm LeEco’s downward spiral continues after unpaid debts lead a Shanghai court to freeze 1.2 billion yuan ($180 million) in assets owned by its subsidiaries, chairman and CEO Jia Yueting and his wife, according to various local media reports citing court documents. The assets were originally pledged as collateral in 2015 for a 2.4 […]
Read moreThe initial public offering market in Singapore was set for a “strong rebound” this year, with the current pipeline of “blockbuster” listings already pointing to the highest amount of funds raised since 2014, according to a Deloitte report. That was despite slower activity in the first half of 2017, when the Singapore Exchange (SGX) added […]
Read moreLook beyond tweets and “media snow” to see what U.S. President Donald Trump has actually done, former Australian Prime Minister John Howard said on Wednesday. “I think what people should look at is the substance of the outcome of all the things he does,” Howard told CNBC’s “Squawk Box“. Trump’s response to the Syrian government’s […]
Read moreA wave of erroneous market data appeared on several finance sites in early Asia hours on Tuesday, with Nasdaq-listed stocks such as Apple, Google, Amazon and Microsoft all showing prices of $123.47 each. The incorrect data was discovered on Google Finance and Yahoo Finance. Bloomberg terminals were also showing incorrect data, according to a Dow […]
Read moreSpaceX aborted a second launch attempt Monday evening for a Falcon 9 rocket carrying Intelsat 35e, a commercial communications satellite. The launch was shut down by SpaceX’s computers with less than 10 seconds to liftoff. In a tweet, SpaceX said it was standing down for the day due to a violation of abort criteria, adding […]
Read moreNorth Korea launched a missile on Tuesday, with Japan saying it appeared to have landed in the Japanese exclusive economic zone (EEZ), Reuters reported. On its website, South Korean state news agency Yonhap cited South Korea’s military as saying an unidentified ballistic missile launched from a location near the North’s border with China at 9:40 […]
Read moreIn their campaign program for the German election, Chancellor Angela Merkel‘s conservatives have dropped the term “friend” in describing the relationship with the United States. Four years ago, the joint program of her Christian Democratic Union (CDU) and its Bavarian sister party, the Christian Social Union (CSU), referred to the United States as Germany‘s “most […]
Read moreThe Reserve Bank of Australia may be widely expected to keep interest rates on hold at its policy-setting meeting on Tuesday, but analysts will be closely watching its statement to see which way the wind is blowing. “The risk is the RBA adopts more upbeat views on Australian economic activity considering the solid growth in […]
Read moreDave McClure, the founding partner of tech incubator 500 Startups, has resigned just days after the New York Times reported he had sent inappropriate messages to a female entrepreneur seeking a job at the fund, Recode has confirmed. In the hours after the report went live, 500 Startups co-founder Christine Tsai announced McClure would be […]
Read moreWith most investors focused on the rollout of its highly anticipated Model 3, Tesla announced lackluster second-quarter sales, due in part to supply issues with 100 kWh battery packs. “The Q2 Deliveries will be viewed as a negative by investors,” said James Albertine, analyst with Consumer Edge Research. “But that story … can be more […]
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