Trading Ideas
Baidu and Softbank's SB Drive are bringing an autonomous bus service to Japan
Chinese search engine giant Baidu have partnered with Softbank subsidiary SB …read more […]
Year: 2018
Trading Ideas
Baidu just made its 100th autonomous bus ahead of commercial launch in China
Baidu is preparing to launch a driverless service in China — and elsewhere — …read more […]
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Indonesia extends Freeport’s temporary mining permit to July 31
JAKARTA (Reuters) – Indonesia has extended the operating permit of Freeport McMoRan Inc’s local unit, PT Freeport Indonesia (PTFI), to July 31, 2018, as discussions continue over longer term rights to … …read more […]
Business News
Asian shares, yuan on shaky ground on specter of Sino-U.S. trade war
TOKYO (Reuters) – Asian stocks were on shaky ground on Wednesday while the Chinese yuan stood near 11-month lows as the specter of a Sino-U.S. trade war haunted investors ahead of an end-of-week deadline for U.S. tariffs on billions of dollars worth of Chinese imports.
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UMC shares rise after it wins trade infringement case with Micron
TAIPEI (Reuters) – Shares of United Microelectronics Corp , Taiwan’s second-largest chip maker, rose more than 2 percent on Wednesday after it said it had won a trade infringement case with Micron Technology … …read more […]
Business News
Kinder Morgan to restart construction on Trans Mountain in August
(Reuters) – Kinder Morgan Canada Ltd said in a filing on Tuesday it is restarting construction in August on the Trans Mountain pipeline’s expansion after halting work in the spring due to opposition from environmentalists and other groups as Canada prepares to buy the project in a bid to boost country’s oil exports.
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Can Rite Aid Stock Bounce Back After Last Week's 14% Drop?
The struggling drugstore chain stumbles following Amazon’s new push into pharmacy services. …read more […]
Business News
Samsung’s second-quarter profit seen flagging as smartphone innovation dries up
SEOUL (Reuters) – Samsung Electronics Co Ltd is expected to post its smallest profit growth in more than a year in the second quarter, as lacklustre sales of its premium Galaxy smartphones overshadow its highly profitable chip business.
Business News
Hong Kong’s craft beer sector grows, but real prize may be few miles away
HONG KONG (Reuters) – The number of craft beer brewers in Hong Kong has risen to more than 35 from none five years ago and many are betting on China’s expanding market to fuel sales, especially as the mainland develops an economic zone just a few miles away.
Business News
Uber in talks with Dubai’s Careem to merge in Middle East: Bloomberg
(Reuters) – Uber Technologies is in preliminary talks with rival Careem to combine their Middle Eastern ride-hailing services, Bloomberg reported on Tuesday, citing three people familiar with the matter.
Business News
Germany’s Thyssenkrupp restructuring to continue after steel deal: CEO
FRANKFURT (Reuters) – Thyssenkrupp Chief Executive Heinrich Hiesinger said he would restructure the German industrial conglomerate further after signing a long-awaited deal to merge its steel assets with those of India’s Tata Steel .
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Oil Prices Head Higher On Huge Crude Draw
The API has reported yet another draw in both crude oil and gasoline inventories, with the crude oil draw significantly higher than analysts had expected, sending oil prices up …read more […]
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U.S. allows ZTE transactions to maintain networks
The authorization from the U.S. Commerce Department’s Bureau of Industry and Services, dated July 2 and which was seen by Reuters, runs until Aug. 1. ZTE and spokespeople for the U.S. Department of Commerce did not respond to requests for comment. ZTE, which makes smart phones and networking gear, was forced to cease major operations in April after the United States slapped it with a supplier ban saying it broke an agreement to discipline executives who conspired to evade U.S. sanctions on Iran and North Korea. …read more […]
Trading Ideas
Uniqlo Lands Roger Federer With a $300 Million Contract
Nike isn’t doing it for the tennis star anymore. …read more […]
Business News
Barnes & Noble boots out CEO for policy violations
(Reuters) – Barnes & Noble Inc said on Tuesday it terminated Demos Parneros as chief executive officer, citing violations of the bookseller’s policies.