In the cramped former home of Jack Ma, founder of the Chinese e-commerce giant Alibaba, about thirty young engineers sit elbow-to-elbow, working to attract the next million users for DingTalk, Alibaba’s workplace communication software.
Chinese ride-hailing giant Didi Chuxing and Alibaba’s Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 billion, according to a source with direct knowledge of the discussions.
Leaders tend to rein in generous election promises once they come to power; few tour the country adding more, as Czech Prime Minister Andrej Babis has been doing.
A threat to impose sanctions on Russian sovereign debt transactions is one of the biggest financial weapons that the U.S. can deploy against the Kremlin, but Moscow’s slide down the investment league table in recent years means the move will not pack the punch it once would have.
Toyota Motor Corp on Friday posted a 19 percent profit jump for the first quarter, beating estimates and clocking its best quarterly performance in two-and-a-half years on the back of higher sales and cost reductions in Asia.
Asian stocks inched up on Friday, following a tech-led rise on Wall Street, although the latest exchange of trade threats between Beijing and Washington limited gains and drove safehaven flows to the dollar, which brushed a two-week high.
Amazon.com founder Jeff Bezos is racing to pull his private space company out of start-up mode and move into production amid signals that his firm’s heavy rocket set for lift-off in 2020 may slip behind schedule, according to people familiar with the project.
U.S. companies likely maintained a strong pace of hiring in July, suggesting that the robust economy was helping the labor market to weather trade tensions, which could allow the Federal Reserve to raise interest rates again in September.
Toyota Motor Corp on Friday posted a 19 percent rise in first-quarter profit, beating estimates, on the back of sales growth in Asia and cost reductions in that region and at home.
Japan is considering creating a sovereign wealth fund to invest in U.S. infrastructure projects and U.S.-Japan joint projects in third countries and will float the idea at two-way trade talks in Washington next week, the Nikkei daily reported on Friday.
Heineken NV has struck a $3.1 billion partnership with a company that controls China’s largest brewer, China Resources Beer Co Ltd , as the two firms seek to tap a growing thirst for premium brands in the world’s biggest beer market.
Asian stocks inched on Friday following a tech-led rise on Wall Street, although the latest exchange of trade threats between Beijing and Washington capped gains and drove safehaven flows to the dollar, which hovered near a two-week high.
Apple Inc Chief Executive Tim Cook said on Thursday that the iPhone maker’s $1 trillion market capitalization was “not the most important measure” of the company’s success but was instead a result of its focus on its products, customers and company values.
Find out how a key acquisition plays into the cloud networking company’s plans. …read more […]
Turkey’s lira tumbled to a record low beyond 5 to the dollar on Thursday, after Washington imposed sanctions on two of President Tayyip Erdogan’s ministers over the trial of a U.S. pastor accused of backing terrorism. The sell-off, which also hammered local stocks and Turkey’s debt risk profile, reflected deepening investor concern over tensions with the United States, a NATO ally and major trading partner. The U.S. Treasury Department announced sanctions on Wednesday against Justice Minister Abdulhamit Gul and Interior Minister Suleyman Soylu. …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
