Trading Ideas
Nokia to build and test 5G apps in China with Tencent, leveraging 1B+ WeChat and QQ users
The world is still years away from wide-scale 5G networks — which proponents …read more […]
Articles by admin
Business News
Europe shrugs off Asian gloom, euro shuffles higher
LONDON (Reuters) – European shares headed for a third day of gains on Thursday, as reassuring economic data from Germany and a report that its big carmakers could be spared from U.S. tariffs offset another gloomy session for Asia.
Business News
U.S. ‘opening fire’ on world with tariff threats, China says
BEIJING (Reuters) – The United States is “opening fire” on the world with its threatened tariffs, China warned on Thursday, saying no one wants a trade war but it will respond the instant U.S. measures go into effect as Beijing ramped up the rhetoric in the heated dispute.
Business News
Glencore gives shares $1 billion buyback lift after U.S. subpoena
(Reuters) – Commodities trader and miner Glencore will buy back shares worth $1 billion in a move analysts said looked timed to soothe investor nerves just two days after a subpoena from U.S authorities rattled the stock.
Business News
Linde, Praxair eye merger close this year after European sale
TOKYO/BERLIN (Reuters) – German industrial gases company Linde and peer Praxis are hoping to seal their merger this year, after agreeing to sell Praxair’s European gases business to Japanese rival Taiyo Nippon Sanso Corp.
Business News
Singapore watchdog says Grab-Uber deal hurts competition, proposes fines
SINGAPORE (Reuters) – Singapore’s anti-trust body proposed fines on Grab and Uber Technologies and warned it may have to unwind the two ride-hailing firms’ merger as the deal substantially lessened competition.
Business News
Japan’s Taiyo Nippon Sanso to buy some Praxair European assets for $5.9 billion
TOKYO (Reuters) – Japanese industrial gas company Taiyo Nippon Sanso Corp said on Thursday it had agreed to buy part of the European businesses of Praxair Inc for 5 billion euros ($5.9 billion) in a move aimed at boosting its global competitiveness.
Business News
ZTE names new CEO, other top executives to comply with U.S. mandate: WSJ
(Reuters) – China’s embattled ZTE Corp has named a set of new top executives, including CEO and CFO, to comply with its deal with the United States to get a supplier ban lifted, the Wall Street Journal reported on Thursday.
Business News
Singapore says Grab-Uber merger lessened competition, proposes penalties
SINGAPORE (Reuters) – Singapore’s Competition and Consumer Commission said on Thursday the merger of Grab and Uber had substantially lessened competition in the ride-hailing business in the city-state and proposed to impose financial penalties on the two parties.
Business News
Linde says in talks on more sales after Praxair European deal
BERLIN (Reuters) – German industrial gases company Linde says more disposals are planned after the sale of Praxair’s European gases business to Japan’s Taiyo Nippon to enable its tie-up to be approved by the European Commission.
Business News
Japan’s Taiyo Nippon to buy some Praxair European assets for $5.9 billion
TOKYO (Reuters) – Taiyo Nippon Sanso Corp said on Thursday it had agreed to buy part of the European businesses of Praxair Inc for 5 billion euros ($5.9 billion) in a move aimed at boosting its global competitiveness.
Business News
U.S. ‘opening fire’ on world with tariff threats, says China
BEIJING (Reuters) – The United States is “opening fire” on the world with its threatened tariffs, China warned on Thursday, saying it will respond the instant U.S. measures go into effect as the two countries locked horns in a bitter trade dispute.
Business News
Asian equities extend losses on eve of U.S. tariff deadline
TOKYO (Reuters) – Asian stocks fell for the fourth day and major currencies traded in tight ranges on Thursday, with financial markets jittery before a U.S. deadline to impose tariffs on Chinese imports just a day away.
Business News
Bar by bar, Heineken battles AB Inbev in Brazil
SAO PAULO/BRUSSELS (Reuters) – Sao Paulo bar owner Arthur Santi has long served up boatloads of ice-cold Skol, one of Brazil’s most popular beer brands and a mainstay of brewing giant Ambev SA .
Trading Ideas
China stocks, yuan slide as Washington, Beijing prepare trade salvos
Chinese stocks slipped on Thursday and the yuan gave back some of its recent gains against the dollar a day before China and the United States were due to set punitive tariffs on each other’s goods, heightening fears of a global trade war. The declines in the yuan and stocks come the same day the central bank’s targeted cut of reserve requirements for banks took effect, which is expected to release additional liquidity in the financial system. “The bottom for A-shares is nowhere in sight yet,” said Samuel Chien, partner of Shanghai BoomTrend Investment Management Co. The hedge …read more […]