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ZTE’s now lost US$7 billion of value as lawmakers fight Trump deal

ZTE’s now lost US$7 billion of value as lawmakers fight Trump deal

The selloff ensued after the US Senate passed legislation that would restore penalties on the company, complicating Trump’s efforts to ease sanctions on ZTE after it pays a record fine and reshuffles management. A man rides a motorcycle past a ZTE Corp. building in Beijing, China, on Thursday, May 24, 2018. (Bloomberg pic) BEIJING: ZTE […]

June 19, 2018 | By | Reply More
How to play a US-China trade war? Investors map out tactics

How to play a US-China trade war? Investors map out tactics

Fund managers and strategists give their thoughts on how investors should position themselves in the midst of US-China trade war. Investors map out tactics to tackle the risks posed by the US-China trade war. (Bloomberg pic) HONG KONG: A billion here, a billion there, and pretty soon you’re talking about real money, as one American […]

June 19, 2018 | By | Reply More
Mercedes cultivates its aging workforce

Mercedes cultivates its aging workforce

Mercedes-Benz has been trying to promote the well-being of its older employees. Mercedes-Benz intends to address the challenge of an aging population. (Reuters pic) BERLIN: Too slow, inflexible, forgetful, always off sick. Those are some attitudes about older workers that carmaker Mercedes-Benz is trying to dispel as Germany grapples with the challenges of an aging […]

June 19, 2018 | By | Reply More
China’s Xiaomi cuts valuation after pulling mainland offering

China’s Xiaomi cuts valuation after pulling mainland offering

The delay was triggered by a dispute between the company and regulators over the valuation of its China depositary receipts, casting doubt on Beijing’s efforts to lure foreign-listed Chinese tech giants back home. A “MI” logo stands outside the main entrance of the Xiaomi Corp. headquarters in Beijing, China. (Bloomberg pic) HONG KONG: Chinese smartphone […]

June 19, 2018 | By | Reply More
OPEC faces a bigger problem in Washington than Trump’s tweets

OPEC faces a bigger problem in Washington than Trump’s tweets

OPEC is facing a renewed political assault in Washington, directly from President Trump’s Twitter account, and quietly, but potentially more dangerously, from Congress. Brent crude prices since Trump’s inauguration in January 2017. (Bloomberg pic) VIENNA: American politicians are at it again: punching OPEC. The cartel has often been a bogeyman for US politicians since the […]

June 19, 2018 | By | Reply More
Roche pays US$2.4 billion for rest of cancer expert Foundation Medicine

Roche pays US$2.4 billion for rest of cancer expert Foundation Medicine

It is the latest in a series of acquisitions by Roche as it seeks to tap into promising technology developed by biotech companies to drive future growth as its older drugs face competition. Swiss drugmaker Roche’s logo is seen at their headquarters in Basel, Switzerland. (Reuters pic) ZURICH: Swiss drugmaker Roche is paying US$2.4 billion […]

June 19, 2018 | By | Reply More
Shanghai stocks skid to near 2-year low as Trump escalates China trade fight

Shanghai stocks skid to near 2-year low as Trump escalates China trade fight

The slump risks triggering fresh margin calls in a highly-leveraged stock market, potentially causing a downward spiral that could derail Beijing’s plan to lure the listings of high-tech giants. Chinese stocks. (Reuters pic) SHANGHAI: Chinese investors dumped stocks across the board on Tuesday as US President Donald Trump threatened China with more tariffs, knocking the […]

June 19, 2018 | By | Reply More
Trump has a point on dairy, Canada’s biggest cheesemaker says

Trump has a point on dairy, Canada’s biggest cheesemaker says

Canada should consider eliminating its Class 7 milk policy in order to renegotiate the North American Free Trade Agreement with the US, Saputo Inc. Chief Executive Officer Lino Saputo Jr. said. An employee weighs cheese at the delicatessen counter inside a J Sainsbury Plc supermarket in Redhill, UK. (Bloomberg pic) WINNIPEG: Canada’s largest dairy processor […]

June 19, 2018 | By | Reply More
Rare Japanese unicorn Mercari surges as much as 100% in debut

Rare Japanese unicorn Mercari surges as much as 100% in debut

A popular smartphone app that allows people to trade used items online, Mercari has been downloaded 71 million times in Japan where it has 10.5 million active users. Novelty goods are displayed at Mercari’s Tokyo headquarters in Tokyo, Japan, June 15, 2018. (Reuters pic) TOKYO: Flea market app operator Mercari Inc’s shares surged 100% in their […]

June 19, 2018 | By | Reply More
Intel has paths around Trump’s China tariffs, analysts say

Intel has paths around Trump’s China tariffs, analysts say

Intel produces raw chips at six so-called wafer fabs, with three in the United States, one in Ireland, one in Israel and one in China. The Intel logo is shown at E3, the world’s largest video game industry convention in Los Angeles, California, US. (Reuters pic) WASHINGTON: Intel Corp, the world’s biggest chipmaker by revenue […]

June 19, 2018 | By | Reply More