TOKYO (Reuters) – Asian shares fell on Wednesday as investors braced for a Federal Reserve policy decision later in the day and any clues it might give on future rate hikes that could alter the course of global economic growth and corporate earnings.
AT&T Inc. prevailed in its grueling fight with the Justice Department on Tuesday, finally clearing the way for its 2016 Time Warner Inc. deal to take effect. AT&T Chief Executive Officer Randall Stephenson looks to use his new role as a media baron to roll out new services, offer lower prices and create new bundles of entertainment. The major cable and satellite companies have been hemorrhaging traditional customers, with cord-cutters signing up instead for Netflix Inc. and other services. …read more […]
SINGAPORE (Reuters) – Toyota Motor Corp has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company’s ongoing financing round, which was launched after it bought the regional business of Uber Technologies Inc [UBER.UL].
SINGAPORE (Reuters) – Toyota Motor Corp has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company’s ongoing financing round, which was launched after it bought Uber Technologies’ regional business.
HONG KONG (Reuters) – Chinese telecommunications giant ZTE Corp had about $3 billion wiped off its market value as it resumed trade on Wednesday after agreeing to pay up to $1.4 billion in penalties to the U.S. government.
SINGAPORE (Reuters) – Toyota Motor Corp has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company’s ongoing financing round.
Could North Korea’s economy, the most isolated in the world, ever follow in the footsteps of Vietnam’s? Seoul-based Maeil Business Newspaper reported Kim Jong Un said during a private summit with South Korea that he saw a “Vietnam-like” opening of the country, probably referring to Hanoi in 1986. Vietnam’s ruling communist party dropped collectivism to pursue a “socialist-oriented market economy,” under which the country’s GDP growth increased by an average of 3% per year over the next decade. …read more […]
HONG KONG (Reuters) – The Hong Kong-listed shares of China’s ZTE Corp were set to slide 38 percent on Wednesday following a two-month trading suspension after it agreed to pay up to $1.4 billion in penalties to the U.S. government.
TOKYO (Reuters) – Asian shares edged slightly lower on Wednesday as investors looked to the Federal Reserve policy decision and any clues it might give on future rate hikes, shifting focus away from the historic U.S.-North Korea summit in Singapore.
(Reuters) – Qualcomm Inc has no plans to abandon its efforts to create processors for data centers, the company’s president, who oversees the chip division, said.
SINGAPORE (Reuters) – Oil prices fell on Wednesday, pulled down by rising supplies in the United States and expectations that voluntary production cuts led by producer cartel OPEC could be loosened.
(Reuters) – Australia’s Investa Office Fund (IOF) and Blackstone Group on Wednesday entered into a scheme implementation agreement through which the U.S. private equity giant would acquire real estate investment trust for A$3.08 billion ($2.3 billion).
LONDON (Reuters) – Investor anger over the departure of WPP boss Martin Sorrell will burst into the open on Wednesday when shareholders tackle management over its handling of a boardroom battle that has gripped the British corporate scene.
NEW YORK (Reuters) – The S&P 500 and Nasdaq ended higher on Tuesday, boosted by gains in the technology and utilities sectors, and shares of media and telecom companies jumped in extended trade after AT&T won court approval to buy Time Warner.
An analyst got bullish on Model 3 production, and then Tesla announced a round of layoffs. …read more […]
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