Asian stocks gained on Tuesday, led by Chinese shares after Beijing eased financing rules to boost local government spending on public works, and bolstered by investor relief following a U.S. decision to hold off import tariffs on Mexico.
Swiss drugmaker Roche on Tuesday announced changes to its board and executive leadership as longtime director Peter Voser stepped down to concentrate on his expanded duties at engineering group ABB.
Chinese companies and investors are lining up in spades to take part in Shanghai’s new Nasdaq-style tech board, with a groundswell of patriotic support surging further after the U.S. blacklisting of telecom firm Huawei inflamed trade tensions.
Shanghai’s new Nasdaq-style Sci-tech Innovation Board has so far drawn applications from 120 companies.
Asian stocks, led by Chinese shares, gained on Tuesday as markets basked in relief following the U.S. decision to hold off from imposing import tariffs on Mexico as the two governments agreed a deal to combat illegal migration from Central America.
The head of Amazon.com Inc’s cloud computing division on Monday said the company would work with any government agency that followed the law, in contrast with rival Microsoft Corp, which has touted its rejection of some controversial sales.
Citigroup has teamed up with Singapore-based ride-hailing firm Grab to launch co-branded credit cards, as it looks to boost its Asian customer base by about 13% via partnerships with digital firms, a senior Citi executive said.
China’s Huawei Technologies Co Ltd will need more time to become the world’s largest smartphone maker, a goal it originally aimed to achieve in the fourth quarter of this year, a senior executive said on Tuesday.
Facebook Inc plans to release new versions of its Portal video chatting devices this autumn, the company’s vice president of AR/VR, Andrew Bosworth, said during an interview at the Code Conference in Scottsdale, Arizona.
Asian stocks made modest gains on Tuesday after the Trump administration shelved plans for tariffs against Mexico, lifting Wall Street, however, fresh U.S. trade threats against China are expected to limit any major investor sentiment boost.
Facebook Inc plans to release new versions of its Portal video chatting devices this fall, the company’s vice president of AR/VR Andrew Bosworth said during an interview at Code Conference in Scottsdale, Arizona.
Estonia’s Bolt, which until early 2019 was called Taxify, will on Tuesday re-enter the competitive London taxi market, promising cheaper rides to passengers and a better cut to drivers than its bigger global rival Uber Technologies Inc.
Private equity firm Apollo Global Management LLC said on Monday it had agreed to acquire U.S. digital imaging company Shutterfly Inc for $2.7 billion, including the company’s $900 million debt.
U.S. stocks extended their recent climb on Monday, with the Dow reaching its longest daily winning streak in 13 months after the United States dropped plans to impose tariffs on Mexican goods and a couple of multibillion-dollar deals boosted the market.
President Donald Trump said on Monday he expected Chinese President Xi Jinping to be at the Group of 20 summit in Japan this month and the two are scheduled to talk at the gathering of leaders from the top industrialized and emerging economies.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
