Year: 2020

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Apr.20 — Min-Han Tan, founding chief executive officer and medical director of Singapore-based Lucence Diagnostics Pte, talks about the medical device for coronavirus diagnosis the company began developing. The Stabilization of nucleic Acid Formulation for Evaluation of RNA, or SAFER, kit is a sample-collection device to facilitate more accessible testing of viral infections such as COVID-19. Tan speaks on “Bloomberg Markets: Asia.” …read more […]

Coronavirus downturn has put major pressure on oil prices with demand slumping and storage running out. …read more […]

(Bloomberg) — Alibaba Group Holding Ltd. will invest 200 billion yuan ($28 billion) on cloud infrastructure such as datacenters over the next three years, a major effort to extend one of its fastest-growing business segments to more countries.The Chinese e-commerce giant plans to build more datacenters to complement an existing network covering 21 regions around the world, the company said in a statement. It will continue to develop its own technologies in areas such as AI-inference chips to support that expansion in cloud services, it added.Cloud computing has been one of the fastest-growing initiatives for Alibaba as it expands beyond …read more […]

Apr.19 — Andrew Tilton, chief Asia economist at Goldman Sachs, discusses the drop in oil prices and where he sees prices heading. He speaks on “Bloomberg Markets: China Open.” …read more […]

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Apr.19 — Emily Lau, former chairperson of Hong Kong’s Democratic Party, talks about the arrest of 15 people on Saturday including prominent pro-democracy activists and a lawmaker. The move is drawing fresh condemnation from the U.S. while also antagonizing protesters who paralyzed the city for much of last year. Lau speaks on “Bloomberg Daybreak: Asia.” …read more […]

Caution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while a glut of supply sent U.S. crude spiralling to 20-year lows. Japan reported its exports fell almost 12% in March from a year earlier, with shipments to the United States down over 16%. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2% in slow trade, with a pause needed after five straight weeks of gains. …read more […]

* U.S. gold futures slipped 0.7% to $1,687.20. * Governors in U.S. states hardest hit by COVID-19 sparred with President Donald Trump over his claims they have enough tests and should quickly reopen their economies as more protests are planned over the extension of stay-at-home orders. * U.S. Democrats and Republicans are near agreement on approving extra money to help small businesses hurt by the pandemic and could seal a deal as early as Monday, Trump said, despite hopes for a deal on Sunday. …read more […]

China Development Bank (CDB) Financial Leasing Co said on Monday it had agreed with Boeing Co to cancel the purchase of 29 undelivered 737 MAX jets, adding to a string of recent cancellations of the grounded airplane. “In light of evolving aviation market dynamics, we’ve been working together with Boeing over many months to re-calibrate our MAX orderbook to be in line with our long-term view of the market and related opportunities,” Xuedong Wang, chairman of CDB Financial unit CDB Aviation, said in a statement. Boeing recorded a total of 150 MAX cancellations in March, including …read more […]