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Home2019April

Month: April 2019

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Business News

Disney sees ESPN+ reaching up to 12 million subscribers by 2024

April 12, 2019 admin Comments Off on Disney sees ESPN+ reaching up to 12 million subscribers by 2024

ESPN+, Walt Disney Co’s sports video streaming service, could attract between 8 million and 12 million paying subscribers by the end of the fiscal 2024 year, the company said on Thursday.

…read more […]

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Business News

Disney unveils price, launch date for big streaming push

April 12, 2019 admin Comments Off on Disney unveils price, launch date for big streaming push

Walt Disney Co priced its highly anticipated streaming video service below Netflix in an aggressive move to challenge the dominant streaming service and entice families to buy yet another monthly subscription.

…read more […]

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Business News

Marvel, monsters and ‘Mandalorian’ coming to Disney+ app

April 12, 2019 admin Comments Off on Marvel, monsters and ‘Mandalorian’ coming to Disney+ app

Walt Disney Co unveiled new details on Thursday about Disney+, a family-friendly digital video subscription that is set to debut later this year and compete with Netflix Inc.

…read more […]

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Business News

Oil scores best run in three years as dollar, stocks tread water

April 12, 2019 admin Comments Off on Oil scores best run in three years as dollar, stocks tread water

Signs of a stabilisation in China’s giant economy and a soggy dollar helped oil markets cement their best run for more than three years on Friday, though stocks weren’t buoyed much after spending most of the week treading water.

…read more […]

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Business News

Japan Display to come under Chinese group’s control after $2.1 billion bailout

April 12, 2019 admin Comments Off on Japan Display to come under Chinese group’s control after $2.1 billion bailout

Apple Inc supplier Japan Display said on Friday it has signed a long-awaited deal under which it will receive a 232 billion yen ($2.1 billion) bailout that will give a Chinese-Taiwanese group a near-majority stake in the firm.

…read more […]

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Business News

Tesla begins sales of cheapest yet Model 3 car variant in China

April 12, 2019 admin Comments Off on Tesla begins sales of cheapest yet Model 3 car variant in China

U.S. electric vehicle (EV) maker Tesla Inc on Friday said it has started taking orders in China for a lower-priced version of its Model 3 car, as it seeks to expand its lineup and boost sales in the world’s biggest EV market.

…read more […]

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Business News

Exclusive: HNA-linked Hong Kong Airlines seeks $255 million from backers to keep license

April 12, 2019 admin Comments Off on Exclusive: HNA-linked Hong Kong Airlines seeks $255 million from backers to keep license

Hong Kong Airlines shareholders have demanded to see 2018 accounts before considering providing at least HK$2 billion ($255 million) needed to ensure the carrier – part owned by the indebted HNA Group – keeps its license, two sources said.

…read more […]

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Business News

Oil rises as supply constraints outweigh China slowdown fears

April 12, 2019 admin Comments Off on Oil rises as supply constraints outweigh China slowdown fears

Oil prices rose on Friday as involuntary supply cuts from Venezuela, Libya and Iran supported perceptions of a tightening market, already underpinned by a production reduction deal from OPEC and its allies.

…read more […]

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Business News

Danske Bank auditor reported to fraud squad over 2014 report: regulator

April 12, 2019 admin Comments Off on Danske Bank auditor reported to fraud squad over 2014 report: regulator

The Danish Business Authority said on Friday that it has asked the state prosecutor for financial fraud to investigate the auditor of scandal-hit Danske Bank’s 2014 accounts, Ernst & Young.

…read more […]

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Business News

Japanese supplier to Apple gets $1.1 billion in bailout from Chinese group, state fund

April 12, 2019 admin Comments Off on Japanese supplier to Apple gets $1.1 billion in bailout from Chinese group, state fund

Apple Inc supplier Japan Display Inc said on Friday it will raise 117 billion yen ($1.1 billion) in a bailout from a Chinese-Taiwanese group and from its top shareholder.

…read more […]

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Business News

Auto giants battle used car dealers for Africa’s huge market

April 12, 2019 admin Comments Off on Auto giants battle used car dealers for Africa’s huge market

At the edge of Nairobi’s Ngong Forest, thousands of used cars glitter in the hot sun on a dusty field, waiting for buyers.

…read more […]

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Business News

Home market still a dream for African carmakers

April 12, 2019 admin Comments Off on Home market still a dream for African carmakers

Since its launch in 2014, Mobius Motors, Kenya’s only home-grown automaker, has only produced around 50 test vehicles.

…read more […]

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Business News

Oil prices rise as market tightens, but demand concerns linger

April 12, 2019 admin Comments Off on Oil prices rise as market tightens, but demand concerns linger

Oil prices edged up on Friday, lifted by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on petroleum exporters Iran and Venezuela.

…read more […]

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Business News

Japan court extends Carlos Ghosn’s detention until April 22

April 12, 2019 admin Comments Off on Japan court extends Carlos Ghosn’s detention until April 22

The Tokyo District Court said on Friday it had extended Carlos Ghosn’s detention period by eight days, giving prosecutors until April 22 to bring formal charges against the former Nissan Motor boss or let him go.

…read more […]

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Business News

Asian shares dip amid caution on global growth, U.S. earnings

April 12, 2019 admin Comments Off on Asian shares dip amid caution on global growth, U.S. earnings

Asian shares weakened on Friday as trepidation ahead of the start of the U.S. corporate earnings season and underlying anxiety over the global growth outlook eclipsed some reassuring U.S. economic data.

…read more […]

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