Markets

by | July 16, 2019 | 15:37

Bitcoin pared an earlier decline after Mnuchin's comments , and was down 9.6 percent to $10,765.78 at 2:42 p.m.in NY. He is far from the first official to express skepticism. "The United States has been at the forefront of regulating entities that provide cryptocurrencies". Early Friday, Trump tweeted a barrage of anti-Bitcoin sentiment.

by | July 16, 2019 | 15:34

Mr Lam Chi-wai, chairman of the Junior Police Officers' Association, told broadcaster TVB yesterday that protesters had made the assault of police officers a common occurrence and were adamant about not following the rule of law, which has caused great frustration among officers.

by | July 16, 2019 | 15:29

The Symantec deal would have given Broadcom another push into software, a year after its $18.9 billion deal to buy US business software company CA Inc last year. "With no other strategic or financial bidders that we see throughout the landscape, we view this decision by Symantec and its board as a major "head scratcher" given the myriad of challenges the company has on the horizon", he said.

by | July 16, 2019 | 15:24

A steady string of weak economic data in recent months and the sudden escalation in the US-China trade war had sparked questions over whether more forceful easing may be needed to get the Chinese economy back on steadier footing, including some form of interest rate cuts.

by | July 16, 2019 | 15:21

The ongoing trade war with the U.S.is surely a factor. Mao Shengyong, a spokesperson for China's National Bureau of Statistics , told reporters at a press conference that the "external environment" is more complicated than in the past.

by | July 16, 2019 | 15:16

Passenger rights advocates say the rules do not go far enough, arguing the criteria for monetary compensation are hard for passengers to meet as they would have to present evidence that is typically in the hands of an airline. The new regulations, which apply to all airlines flying to and from Canada, require carriers to provide a certain standard of treatment or compensation to passengers without the customer first complaining to the Canadian Transportation Agency .

by | July 16, 2019 | 15:08

U.K workers are gearing up for a week-long protest while those in Minnesota plan to stop working altogether during Prime Day for six hours total. The company has faced labor unrest before in Shakopee and in Europe . Last year , Amazon raised its minimum wage to $15 an hour for all US employees, and chief executive and founder Jeff Bezos has challenged his retail rivals to do the same.

by | July 16, 2019 | 14:52

Budweiser's parent company was on track to hold the title of overseeing the world's most valuable IPO in 2019. However, on Friday, AB InBev found that wasn't sufficient to convince buyers to splurge on the King of Beers , forcing it to dial back its ambitions and shelve plans for the mammoth IPO in Hong Kong .

by | July 16, 2019 | 14:16

While numerous million+ global deals in Amazon's pipeline will probably cover categories like clothing, jewelry, books, movies, food, beauty, toys, and sports, which aren't exactly our areas of interest here at PhoneArena, we absolutely expect to see plenty of large discounts offered for popular smartphones, tablets, smartwatches, smart home devices, and other interesting gadgets.

by | July 16, 2019 | 13:58

The companies had sought to mine copper and gold in Reko Diq, a desert region in southwest Pakistan, but the scheme ran aground 2011 and the pair turned to the body for arbitration, initially seeking damages of $8.5bn. "Pakistan is keen for development of this resource to ensure that the development needs of some of the poorest people on the planet are addressed", it said.

by | July 15, 2019 | 10:45

China's new home prices grew 0.6% month-on-month in June, slowing from a 0.7% uptick in May, Reuters calculated from official National Bureau of Statistics (NBS) data on Monday. "To stabilize growth, the People's Bank of China (PBoC) will maintain an accommodative bias for the rest of the year, in our view". The drops came despite a record-breaking close for all three main indexes in NY on Friday.

by | July 15, 2019 | 04:14

The planned layoffs are expected to target employees working at Futurewei Technologies, the Chinese tech giant's research and development subsidiary that employs workers in labs in US states such as Texas and California, the Journal reported .

by | July 14, 2019 | 14:31

So there is a chance Slack has a higher number of daily active users than Microsoft Teams , but for now, Microsoft is on the lead. An estimated 13 million users are on Microsoft Teams daily while 19 million use it on a weekly basis across 500,000 companies.

by | July 14, 2019 | 08:54

Thomas Cook Group is in talks with its largest shareholder Fosun Tourism Group and lenders about a 750 million pound ($941 million) recapitalisation plan which would give the Chinese company control of the United Kingdom travel operator's core tour business.

by | July 14, 2019 | 07:14

Last month, RB picked PepsiCo executive Laxman Narasimhan as its next CEO, becoming the latest industry heavyweight to turn to a company outsider to tackle faltering growth and new media-savvy rivals. Analysts at JP Morgan wrote in a note that settlement "clarifies the legal environment for RB and should allow the new management to focus on the RB 2.0 transformation".

by | July 13, 2019 | 20:41

The International Energy Agency (IEA) expects the return of an oversupplied oil market next year, despite the recent rollover of an OPEC-led pact created to restrain any glut. On July 2, OPEC producers and several non-OPEC producers (OPEC+) extended production cuts announced in December 2018 through the end of the first quarter of 2020.

by | July 13, 2019 | 17:23

The Bank of England has sounded the alarm over the risks to City banks from no-deal Brexit, warning that companies across Europe could be cut off from their lenders overnight. "This is not learning on the job stuff", the chief United Kingdom central banker said at a press conference on Thursday . "Fundamentally there's issues around any money laundering and counter-terrorism financing".

by | July 13, 2019 | 17:12

But Boeing made clear Jenks' previous project, focusing on new potential mid-market planes, would continue. A Boeing spokesman said Thursday Lindblad's retirement was long planned and is unrelated to two Max accidents. Jenks previously managed the Boeing 787, which was grounded in 2013 after batteries overheated on several planes. The NMA program, if it goes ahead, will most likely not be launched before spring or summer of next year, the sources said.

by | July 13, 2019 | 14:26

Trump promised last month to allow some sales to Huawei but said it will stay on the "entity list" until talks over Washington's tariff war with Beijing are concluded. "We still haven't decided yet". Following through with plans to allow US companies to continue doing business with Huawei, US Commerce Secretary Wilbur Ross announced that "to implement the president's G20 summit directive two weeks ago, [the Department of] Commerce will issue licenses where there is no threat to US national ...

by | July 13, 2019 | 14:10

China's imports from the United States plunged in June amid a tariff war with Washington while exports to the USA market weakened. China's June exports are expected to have declined 2 percent from a year earlier, according to the median estimate of 34 economists in a Reuters poll , compared with a 1.1% gain in May.