Japan’s Toshiba Corp reported a record quarterly net profit on Wednesday, thanks to the $18 billion sale of its flash memory chip business earlier this year to a consortium led by U.S. private equity firm Bain Capital.
Asian shares extended their recovery into a fourth day on Wednesday, buoyed by strong U.S. earnings and expectations that Beijing will ramp up fiscal stimulus to cushion the impact of its worsening trade dispute with Washington.
Certain people who want to wield the “stick of hegemony” on China with tariffs for their own personal ends will only end up hurting themselves, major Chinese state newspapers said on Wednesday in a unified message against the United States.
Certain people who want to wield the “stick of hegemony” on China with tariffs for their own personal ends will only end up hurting themselves, major Chinese state newspapers said on Wednesday in a unified message against the United States.
China Tower Corp’s shares opened virtually flat on their debut in Hong Kong on Wednesday, with escalating Sino-US trade tensions weighing on investor sentiment toward the world’s biggest initial public offering (IPO) in two years.
China Tower Corp Ltd’s shares opened virtually flat on their debut in Hong Kong on Wednesday, with escalating Sino-U.S. trade tensions weighing on investor sentiment towards the world’s biggest initial public offering (IPO) in two years.
Apple Inc told U.S. lawmakers on Tuesday that its iPhones do not listen to users without their consent and do not allow third-party apps to do so either, after lawmakers asked the company if its devices were invading users’ privacy.
Asian shares rose on Wednesday on the back of firmer Wall Street earnings while expectations for increased Chinese stimulus helped take the edge off wider concerns about the worsening Sino-U.S. trade dispute.
Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc (TSLA.O) private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints. Funding secured,” Musk said on Twitter. In a letter to Tesla employees published more than an hour later on the company’s blog, Musk explained that going private would be “the best path forward.” Such a move – over which no final decision had been made – would let …read more […]
Snap Inc on Tuesday received a vote of confidence from a billionaire investor and reported record revenue from outside North America, factors that helped soften the blow of its first-ever drop in daily users.
Walt Disney Co missed Wall Street profit targets as new technology costs rose during the quarter ended June 30, but Chief Executive Bob Iger said an exodus of consumers from its television channels was slowing.
Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints.
Elon Musk’s suggestion on Tuesday that he would like to take Tesla Inc private may provide something the electric car maker needs: a little debt relief.
Papa John’s International Inc on Tuesday posted a second-quarter comparable sales decline of 6.1 percent in North America and cut its forecast for the coming months, as a heated spat between the pizza chain and its founder dragged on profits.
The United States will begin collecting 25 percent tariffs on another $16 billion in Chinese goods on Aug. 23, the U.S. Trade Representative’s office said on Tuesday as it published a final tariff list targeting 279 import product lines.
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