Month: June 2018

Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com. The two companies described the investment as one piece of a broader partnership that will include the promotion of JD.com products on Google’s shopping service. JD.com’s investors include Chinese social media powerhouse Tencent Holdings Ltd, the arch-rival of Chinese e-commerce leader Alibaba Group Holding Ltd, and Walmart Inc. …read more […]

Google has been increasing its presence in China in recent times, and today it …read more […]

Jun.17 — Johan Jooste, chief investment officer at Bank of Singapore Ltd., talks about the trade disputes between the U.S. and China, and the implications for financial markets. He speaks with Haidi Lun on “Bloomberg Markets: Asia.” …read more […]

TOKYO/SYDNEY (Reuters) – Asian shares fell on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind. MSCI’s broadest index of Asia-Pacific shares outside Japan skidded 0.4 percent to its lowest level since May 31. Financial markets in China and Hong Kong were closed for Dragon Boat festival holiday. …read more […]

Jun.17 — Japanese online marketplace Mercari Inc. raised 130.5 billion yen ($1.2 billion) in an initial public offering last week, after pricing at the top of the targeted range. Investors now gear up for the start of trading on Tuesday. Bloomberg’s Pavel Alpeyev reports on “Bloomberg Daybreak: Asia.” …read more […]

Jun.17 — China is making inroads into the Pacific Island nations, building infrastructure to boost influence. One of those countries in Papua New Guinea, where Chinese workers are building a new national courthouse. Bloomberg’s Jason Scott reports on “Bloomberg Daybreak: Australia.” …read more […]

Oil prices fell further on Monday, pulled down by an expectation that producer club OPEC and its allies will increase supplies. Brent crude futures (LCOc1), the international benchmark for oil prices, were at $73.05 per barrel at 0036 GMT, down 39 cents, or 0.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $64.24 a barrel, down 82 cents, or 1.3 percent, from their last settlement. …read more […]

At least five people were killed and several others hurt Sunday as an SUV carrying more than a dozen people during a suspected “smuggling event” crashed while fleeing from Border Patrol agents in South Texas, authorities said. The SUV carrying 14 people went out of control at more than 100 mph and overturned on Texas Highway 85, ejecting most of the occupants, Dimmit County Sheriff Marion Boyd said. The Border Patrol said in a statement Sunday night that two other vehicles had been traveling alongside the SUV earlier in the day. …read more […]

Limited edition also rises, as does freight charge on every F-150. …read more […]