Business & Finance News
Apple Inc on Wednesday removed an app that protesters in Hong Kong have used to track police movements from its app store, saying it violated rules because it was used to ambush police.
State-owned financial conglomerate China Everbright Group aims to restructure its sprawling business and pursue a billion dollar IPO next year in Hong Kong, three people with direct knowledge of the matter told Reuters on Thursday.
Tariffs are forcing China to pay attention to U.S. concerns, Secretary of Commerce Wilbur Ross said in Sydney on Thursday.
The $100 billion Vision Fund of Japan’s SoftBank Group Corp has in just over two years burnt through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving, healthcare and finance.
Apple Inc supplier Samsung Display said on Thursday it will invest 13.1 trillion won ($11 billion) on facilities and research to upgrade a production line, as it battles severe oversupply due to weak global demand for smartphones and TVs.
Oil prices fell on Thursday on concerns of lower fuel demand as talks this week between the United States and China, the world’s two largest oil users, are not expected to help end the trade war between them, adding to anxieties about the global economy.
Office-sharing startup WeWork on Thursday said it will open two new locations in Singapore this year, even as its seeks a $1 billion lifeline from its biggest-backer Softbank Group Corp to progress a major restructuring.
Tariffs are forcing China to pay attention to U.S. concerns, Secretary of Commerce Wilbur Ross said in Sydney on Thursday.
Global stocks recouped early losses as news reports raised hopes that the United States and China would settle some economic disputes, but investors were kept on edge by an earlier report that trade talks due to begin on Thursday could be cut short.
A New Orleans-based genetics testing company and its three principals will pay $42.6 million to resolve charges they defrauded the federal government by paying kickbacks for referrals and billing for medically unnecessary tests, the U.S. Department of Justice said on Wednesday.
Tariffs are forcing China to pay attention to U.S. concerns, according to a copy of a speech to be given by U.S. Secretary of Commerce Wilbur Ross on Thursday.
The United States will soon issue licenses for some of its firms to supply non-sensitive goods to banned Chinese telecoms firm Huawei Technologies Co Ltd, the New York Times said on Wednesday, citing people familiar with the matter.
Shares of Hangzhou Hikvision Digital Technology and Zhejiang Dahua Technology Co Ltd, which were among companies blacklisted by Washington, fell sharply in early trading on Thursday.
Oil prices slid on Thursday as hopes faded for any significant progress in U.S.-China trade talks that could dispel clouds over the global economy and gloom over prospects for weaker oil demand.
Global stocks tumbled and the safe haven yen and Swiss franc gained in early Asian trade on Thursday, on signs Washington and Beijing were still wide apart on trade issues and were making no progress in deputy-level talks.
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