Trading Ideas
Android malware returned to Google Play with just a name change
Google has done a lot to thwart Android malware in recent months, but it’s …read more […]
Articles by admin
Trading Ideas
China’s Economy Chief Flying to U.S. After Trump’s U-Turn on ZTE
Chinese Vice Premier Liu He plans to fly out Tuesday for talks with the U.S., two people familiar with the situation said, signaling progress on trade tensions after President Donald Trump offered a lifeline to beleaguered telecom equipment maker ZTE Corp. Liu, who is President Xi Jinping’s top aide for economic matters, will be accompanied by Commerce Minister Zhong Shan, along with deputy ministers from the commerce, finance and foreign affairs ministries, as well as the central bank, one of the people said. Trump said in a Sunday morning tweet that he and Xi are working together to …read more […]
Business News
JPMorgan submits application for majority-owned China securities business
HONG KONG (Reuters) – JPMorgan Chase & Co said on Monday it had submitted an application to the Chinese securities regulator for setting up a new onshore securities business in which the U.S. bank would own a 51 percent stake.
Business News
NAFTA math may not add up to more U.S. auto jobs
DETROIT (Reuters) – Trump administration demands in NAFTA trade negotiations meant to push auto jobs back to the United States may not be enough to spark a shift in where automakers build cars and trucks.
Business News
Xerox abandons planned deal with Fujifilm in victory for Icahn and Deason
NEW YORK/TOKYO (Reuters) – Xerox Corp has scrapped a planned $6.1 billion deal with Fujifilm Holdings Corp in a settlement with activist investors Carl Icahn and Darwin Deason that also hands control of the U.S. photocopier giant to new management.
Business News
Oil falls away from multi-year highs on surge in U.S. drilling, Iran sanctions opposition
SINGAPORE (Reuters) – Oil prices on Monday fell away from last week’s multi-year highs as a relentless rise in U.S. drilling activity pointed to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran.
Trading Ideas
China to Restart Review of Qualcomm’s Proposed NXP Deal
Chinese regulators have restarted their review of Qualcomm Inc.’s application to acquire NXP Semiconductors NV after having shelved the work earlier in reaction to growing trade tensions with the U.S., according to people familiar with the matter. China’s Ministry of Commerce officials have been asked to hasten the long-delayed review of the purchase and Qualcomm’s proposed remedies to protect local companies, said the people, asking not to be identified because the talks are private. Chinese companies have expressed concern that the combined entity would extend Qualcomm’s patent licensing business into areas like mobile payments and autonomous driving. …read more […]
Business News
Asian stocks up on hopes of thaw in U.S.-China trade tensions
SYDNEY (Reuters) – Asian shares rose to near two-month highs on Monday on hopes of a thaw in U.S.-China trade tensions, after U.S. President Donald Trump pledged to help ZTE Corp “get back into business, fast” after a U.S. ban crippled the Chinese technology company.
Trading Ideas
Saudi prince says Hassan Rouhani's nuclear deal is 'falli…
American sanctions are very strict and can affect countries beyond Iran, says Saudi Prince Turki Al-Faisal, chairman of KFCRIS. …read more […]
Business News
GM Korea cancels news briefing as temporary workers storm venue
BUPYEONG, South Korea (Reuters) – General Motors Co’s South Korean unit canceled a news conference on Monday after a dozen temporary workers forced their way into the event venue minutes beforehand, chanting slogans that called on the automaker to hire them full time.
Business News
Australia’s Commonwealth Bank CFO steps down as Comyn rings changes
SYDNEY (Reuters) – Uncertainty around Commonwealth Bank of Australia’s senior leadership deepened on Monday as the chief financial officer resigned unexpectedly, the fifth executive to depart in one of the worst governance crises in the bank’s history.
Business News
Japan Airlines to set up low-cost carrier, targeting Asian demand
TOKYO (Reuters) – Japan Airlines Co Ltd (JAL) is launching a low-cost carrier offering medium to long-haul flights, aiming to tap growing Asian demand for budget air travel.
Trading Ideas
Hong Kong shares jump after Trump tweets on China’s ZTE
Asian shares were mostly higher Monday, with Hong Kong shares surging after President Donald Trump said he wanted to help a sanctioned Chinese tech giant, signaling a possible improvement in U.S.-China … …read more […]
Business News
Japan Airlines says to set up low-cost carrier
TOKYO (Reuters) – Japan Airlines Co Ltd (JAL) said on Monday it would set up a low-cost carrier offering medium to long-haul flights.
Business News
Oil ebbs from multi-year highs on surge in U.S. drilling, Iran sanctions opposition
SINGAPORE (Reuters) – Oil prices on Monday fell away from last week’s multi-year highs as a relentless rise in U.S. drilling activity pointed to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran.