Subscribe: Channel NewsAsia Singapore Business News
Added By: Feedage Forager Feedage Grade B rated
Language: English
apr  billion  china  donald trump  new  president donald  profit  quarterly profit  quarterly  reported  sales  tax  trump 
Rate this Feed
Rate this feedRate this feedRate this feedRate this feedRate this feed
Rate this feed 1 starRate this feed 2 starRate this feed 3 starRate this feed 4 starRate this feed 5 star

Comments (0)

Feed Details and Statistics Feed Statistics
Preview: Channel NewsAsia Singapore Business News


mediacorp feed news

Published: Fri, 28 April 2017 06:43:57 +0800


Google parent Alphabet revs up revenue, profit

Fri, 28 April 2017 06:25:20 +0800

SAN FRANCISCO: Google parent Alphabet on Thursday (Apr 27) reported strong gains in quarterly results, beating most market forecast despite rising costs for its "moonshot" efforts. Alphabet reported a 29 per cent jump in quarterly profit to US$5.4 billion, while revenue jumped 22 per cent compared ...

Amazon delivers strong profits as shares rally

Fri, 28 April 2017 06:13:07 +0800

SAN FRANCISCO: US online giant Amazon on Thursday (Apr 27) delivered stronger-than-expected financial results for the first quarter, pushing shares higher. Profit rose 41 per cent from a year ago to US$724 million, on revenues growing 23 per cent to US$35.7 billion. The results fueled a 3.5 per ...

Microsoft quarterly profit up 28% at US$4.8b

Fri, 28 April 2017 05:14:57 +0800

Microsoft on Thursday reported a strong jump in profits in the just-ended quarter but

Nasdaq ends at new record as oil shares fall

Fri, 28 April 2017 04:30:38 +0800

NEW YORK: The Nasdaq jumped to a fresh record on Thursday (Apr 27) ahead of earnings reports from Amazon and other technology giants after the market close, while weakness in oil prices hit petroleum-linked equities. Investors were looking ahead to a torrent of earnings from large technology ...

Judge says Exxon owes US$19.95 million for Texas refinery pollution

Fri, 28 April 2017 04:05:06 +0800

A federal judge ruled on Wednesday that ExxonMobil Corp should pay a US$19.95 million penalty for pollution from its Baytown, Texas, refinery between 2005 and 2013, according to the decision accompanying the ruling.

Samsung, Apple keep top spots in smartphone market

Fri, 28 April 2017 01:05:05 +0800

WASHINGTON: Samsung and Apple maintained their leadership in the smartphone market in early 2017 while Chinese-based Huawei's strong growth cemented its number three position, a market tracker said on Thursday (Apr 27). Research firm IDC said overall smartphone shipments grew 4.3 per cent in the ...

US jobless benefits claims rise in late April

Fri, 28 April 2017 00:30:38 +0800

WASHINGTON: New claims for US jobless benefits rose for the second straight week in late April but continued a record stretch of low levels, the Labour Department reported on Thursday (Apr 27). The figures underscored the tightening US labour market, where unemployment currently sits at 4.5 per ...

United settles with dragged passenger, changes practices

Fri, 28 April 2017 04:20:24 +0800

CHICAGO: United Airlines set out to repair its image on Thursday (Apr 27), reaching an undisclosed settlement with the dragged passenger at the center of a worldwide uproar and promising to refocus on customer service. David Dao, the passenger left bloodied by the Apr 9 incident captured on video ...

US durable goods orders post slower rise in March

Thu, 27 April 2017 23:40:43 +0800

WASHINGTON: US aircraft sales forged higher in March, helping drive up orders for manufactured goods, but the pace of growth slowed from previous months, the Commerce Department reported on Thursday (Apr 27). Total orders for durable goods recorded their third consecutive monthly increase, but ...

Companies cheer Trump tax cuts, but jobs are less certain to follow

Thu, 27 April 2017 22:15:05 +0800

U.S. businesses would reap a windfall if President Donald Trump's plan to cut corporate tax rates and slash taxes on cash parked overseas becomes law, but it was unclear whether they would stimulate a surge in investment and job creation in return.

ECB leaves interest rates unchanged and bond buying intact

Thu, 27 April 2017 21:10:07 +0800

European Central Bank governors on Thursday left key interest rates at historic lows and the ECB's mass bond-buying programme in place, a spokesman said, in line with observers' expectations.

What is the North American Free Trade Agreement

Thu, 27 April 2017 21:10:38 +0800

WASHINGTON: The North American Free Trade Agreement (NAFTA) is a 23-year-old pact has boosted trade among Canada, Mexico and the United States. It might now be renegotiated the White House said Wednesday, after Canada and Mexico agreed to do so "swiftly." US President Donald Trump lambasted the ...

Nintendo eyes sale of 10 million Switch consoles in year to March

Thu, 27 April 2017 23:53:31 +0800

Nintendo expects to sell 10 million units of the new Switch game console over the next year, the company said Thursday, as it bets big on the successor to its poor-selling Wii U.

Asian markets reverse early losses as Trump agrees NAFTA talks

Thu, 27 April 2017 18:00:43 +0800

HONG KONG: Most Asian markets reversed earlier losses on Thursday (Apr 27) as the US said it would renegotiate its free-trade deal with Canada and Mexico, soothing fears of a trade war after reports said President Donald Trump was considering leaving the pact. Equities across the region started ...

BoJ chief warns over 'likely' delay on inflation target

Thu, 27 April 2017 17:18:47 +0800

Japan's central bank on Thursday trimmed its annual inflation forecast in an acknowledgement of the struggles it faces in jacking up consumer prices.

Airbag maker Takata shares tumble nearly 20% on bankruptcy report

Fri, 28 April 2017 01:44:53 +0800

Takata shares dropped nearly 20 percent on Thursday after a media report said the embattled Japanese airbag maker was considering filing for bankruptcy protection and then rolling its key businesses into a new company.

LG Electronics Q1 net profit more than quadruples

Thu, 27 April 2017 16:12:08 +0800

South Korean appliance giant LG Electronics saw net profits more than quadruple in the first quarter of the year, it said on Thursday, on the back of strong sales in Asia and Latin America.

Nokia reports another loss as networks sag

Thu, 27 April 2017 18:12:48 +0800

Finland's telecoms giant Nokia reported Thursday that it remained deep in the red at the start of the year, with sales in its main business, networks, on the decline.

Asian shares retreat from highs after Trump tax plan

Thu, 27 April 2017 15:20:07 +0800

Asian shares ticked down from near two-year high on Thursday after a long-awaited U.S. tax plan failed to inspire investors, though sentiment remains supported by global growth prospects and receding worries about political risks in Europe.

PepsiCo opens S$130m concentrate plant in Singapore

Fri, 28 April 2017 00:11:47 +0800

Located in Jurong, the new 20,000-sqm plant will manufacture beverage concentrates for hundreds of brands, including Pepsi and 7UP, for more than 20 Asia-Pacific markets that PepsiCo serves.

SGX's new regulatory arm to take 'strategic review' of rules

Fri, 28 April 2017 02:10:59 +0800

SINGAPORE: The local bourse's new regulatory unit, Singapore Exchange Regulation (SGX RegCo), said on Thursday (Apr 27) that it will undertake a "strategic review" of rules governing the stock exchange after it begins operating in August.  The review is meant to ensure the rules remain ...

Programmes launched to help PMETs find jobs in manufacturing

Thu, 27 April 2017 14:16:42 +0800

The programmes – one providing advice to those looking to join the manufacturing sector and the other to build necessary skills for those entering the industry – were launched by Manpower Minister Lim Swee Say.

United to offer passengers up to US$10,000 to surrender seats

Fri, 28 April 2017 00:01:13 +0800

NEW YORK: United Airlines on Thursday announced it will offer bumped passengers up to $10,000 in compensation and reduce overbooking following the dragging incident on board one of its flights that caused worldwide outrage. Those and other changes, which the airline called "substantial," are the ...

Singapore's growth in 2017 to be fuelled by external demand: MAS

Thu, 27 April 2017 23:31:58 +0800

SINGAPORE: Trade-related sectors - especially those associated with information technology - will drive Singapore’s economic growth in 2017, according to the Monetary Authority of Singapore (MAS). In its half-yearly macroeconomic review released on Thursday (Apr 27), the central bank said ...

Employment growth in 2017 expected to stay modest, uneven across sectors: MAS

Thu, 27 April 2017 09:50:38 +0800

Overall net employment growth was flat in the second half of 2016, in contrast to the 28,700 increase in the same period last year.

Trump tells Canada, Mexico he won't terminate NAFTA: White House

Thu, 27 April 2017 16:38:36 +0800

WASHINGTON: US President Donald Trump told the leaders of Canada and Mexico on Wednesday (Apr 26) that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House said. The announcement came after White House officials disclosed ...

Twitter gets lift from uptick in user numbers

Thu, 27 April 2017 06:54:19 +0800

WASHINGTON: Twitter shares surged on Wednesday (Apr 26) after its quarterly update showed improving growth in user numbers, offsetting concerns over a decline in revenue and another net loss for the social network. The first quarter results came in better than most forecasts for Twitter, which has ...

Fed, wary of inflation, could lean against Trump's tax cut

Thu, 27 April 2017 07:41:30 +0800

President Donald Trump's plan to slash business and household taxes could shift the US economy into higher gear, but it may have one effect the White House would not welcome - interest rates ratcheted higher than expected by a wary central bank.

US stocks dip as Trump releases tax overhaul plan

Thu, 27 April 2017 04:40:38 +0800

NEW YORK: Wall Street stocks finished slightly lower on Wednesday following mixed earnings and after the White House unveiled details of its long-awaited tax reform plan. Tax cuts have been Wall Street's top priority since the election of President Donald Trump. But analysts characterised the ...

Trump proposes major tax cuts, 15% corporate rate

Thu, 27 April 2017 04:05:15 +0800

WASHINGTON: The Trump administration on Wednesday (Apr 26) unveiled plans to dramatically cut taxes for US businesses and individuals, slashing the corporate rate to 15 per cent, but the once-in-a-generation overhaul is headed for a tough fight in Congress. As Donald Trump's presidency nears the ...

European shares up as US announces corporate tax cut

Thu, 27 April 2017 00:20:41 +0800

LONDON: Europe's stock markets posted small gains on Wednesday (Apr 26) after they got, and liked, a first taste of US President Donald Trump's fiscal reform plan in the form of a deep cut in corporate taxes. The dollar clawed back ground against the euro, which came off an earlier five-month high ...

Britain could lose 4,000 Deutsche Bank jobs over Brexit

Wed, 26 April 2017 23:50:39 +0800

FRANKFURT AM MAIN: Deutsche Bank could move up to 4,000 jobs away from Britain, the group's compliance chief said on Wednesday (Apr 26), as Germany's largest lender struggles to work out the consequences of Brexit. "For front office people who want to deal with a European Union client, you need to ...

Jet Airways suspends pilot over racism, assault claims

Thu, 27 April 2017 14:11:39 +0800

NEW DELHI: Indian carrier Jet Airways said on Wednesday (Apr 26) it had suspended a foreign pilot from flying duty over allegations that he assaulted a woman and hurled racist abuse at another passenger on a domestic flight. The Mumbai-based airline confirmed the incident took place on Apr 3 on a ...

Trump tax plan to cut corporate rate to 15%: Treasury secretary

Wed, 26 April 2017 23:02:31 +0800

WASHINGTON: The Trump administration is poised to unveil its long-awaited tax reform plan on Wednesday (Apr 26) that will slash corporate taxes to 15 per cent, in the "biggest tax cut" in US history. However, the plan could face hurdles in Congress, including from some Republicans, as lawmakers ...

Boeing profits jump but commercial air deliveries fall

Wed, 26 April 2017 21:20:33 +0800

Aerospace giant Boeing said Wednesday declining costs boosted earnings for the latest quarter, but revenues missed analyst expectations as commercial plane deliveries dropped.

Wanda Group to stage China's first international marathon

Wed, 26 April 2017 21:10:38 +0800

BEIJING: Wanda Group said on Wednesday it would stage several top-level marathons in Asia, including China's first international event, as part of its latest investment in sport. A signing ceremony between the Chinese group and Abbott World Marathon Majors (WMM) took place in Beijing. Wanda ...

McDonald's shelves Japan unit sale plans

Wed, 26 April 2017 20:42:22 +0800

McDonald's has decided not to sell its stake in a Japanese unit hit by a series of food contamination scandals and slumping sales.

Italy seeks Alitalia sale, rules out rescue

Wed, 26 April 2017 20:21:35 +0800

Italy's centre-left government said Wednesday Alitalia would be sold to the "highest bidder", again ruling out a state rescue as fears mounted that the troubled airline is plummeting towards bankruptcy.

Standard Chartered reports US$1.05 billion Q1 profit

Wed, 26 April 2017 19:40:38 +0800

HONG KONG: Asia-focused bank Standard Chartered on Wednesday (Apr 25) said its first quarter pre-tax profit nearly doubled compared to the same period last year, benefiting from the dampened effect of bad loans. Chief executive Bill Winters said the bank made "good progress" for the quarter ...

Asian markets extend global rally, eyes on Trump tax plan

Wed, 26 April 2017 19:00:38 +0800

HONG KONG: Asian stock markets rallied on Wednesday (Apr 25) for a fourth day following another record close on Wall Street, with investors optimistic before President Donald Trump's promised announcement of much-vaunted tax reforms. After shooting out of the blocks Monday in response to Emmanuel ...

No end in sight for Japan 'crisps crisis'

Wed, 26 April 2017 17:53:02 +0800

Legions of Japanese crisps addicts are suffering and it doesn't look like they'll be getting their full fix anytime soon.

Credit Suisse raises fresh capital, drops Swiss IPO

Wed, 26 April 2017 17:15:37 +0800

Credit Suisse said Wednesday it had launched a share issue aimed at raising some $4.0 billion to allay capital fears, and backtracked on plans to take part of its Swiss division public.

New S$1 billion fund to help businesses grow with IP

Wed, 26 April 2017 23:00:40 +0800

Funded by local private equity investment firm Makara Capital, the Makara Innovation Fund (MIF) will benefit 10 to 15 small- to medium-sized companies from anywhere in the world, including Singapore.

Daimler says diesel probes could result in penalties, recalls

Wed, 26 April 2017 14:30:12 +0800

Daimler said recent steps by United States authorities to investigate diesel emissions pollution and so-called auxiliary emission control devices, could lead to significant penalties and vehicle recalls.

Mining giants race to fill board leadership gaps

Wed, 26 April 2017 16:20:09 +0800

Three of the world's biggest miners are hunting for new leaders for their boards at a time when the industry faces questions from investors about its conventional diversified business operations and strategies for growth.

Credit Suisse to raise US$4 billion in rights issue, ditches Swiss unit IPO

Wed, 26 April 2017 13:30:13 +0800

Credit Suisse will raise around 4 billion Swiss francs (US$4 billion) through a rights offering to catch up to European rivals on capital, ditching plans to float a minority stake in its Swiss banking unit.

Hyundai Motor first quarter profit slides as China political row, US recall drag

Wed, 26 April 2017 14:10:05 +0800

South Korea's Hyundai Motor posted a 21 percent fall in quarterly net profit, dragged down by a U.S. recall and sales declines in China stemming from political tensions.

Tyson Foods eyes higher wages as US labor market tightens

Wed, 26 April 2017 13:20:09 +0800

Tyson Foods Inc , the biggest U.S. chicken company, said on Wednesday it may raise wages again for workers at all of its poultry plants, a sign of an intensifying battle for employees in a tightening labor market.

China banks miss out on US investment banking bonanza

Wed, 26 April 2017 13:15:07 +0800

As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent - Chinese banks.

South Korea court says Uber violated transport law, latest setback for US firm

Wed, 26 April 2017 15:45:06 +0800

A South Korean court on Wednesday ruled that the ride-hailing group Uber Technologies Inc illegally used private vehicles for commercial purposes, in the latest legal setback for the U.S. firm in Asia's fourth biggest economy.

Commentary: Introducing "Operator 4.0", a tech-augmented human worker

Wed, 26 April 2017 11:00:39 +0800

The Fourth Industrial Revolution has arrived. The first was the steam engine-driven industrial revolution; the second involved the innovations from Henry Ford’s assembly line. Third, microelectronics and computer power appeared on factory floors. Now, manufacturing businesses are beginning to ...

Trump tax plan will sharply slash corporate tax rates

Wed, 26 April 2017 10:50:12 +0800

U.S. President Donald Trump is proposing to slash the corporate income tax rate and offer multinational businesses a steep tax break on overseas profits brought into the United States, officials said late on Tuesday.

Asian stocks extend gains on bullish Wall Street, euro steady

Wed, 26 April 2017 09:05:10 +0800

Asian stocks extended gains for a fifth straight day on Wednesday as Wall Street hit new peaks while the euro consolidated recent gains as immediate concerns of political uncertainty in the euro zone receded.

Asia investors boost use of unorthodox data sources in battle to beat benchmarks

Wed, 26 April 2017 08:15:09 +0800

Sometime in the third quarter of 2016, Blackrock’s scientific active equity team, which manages US$80 billion globally, began picking up increased signs of construction activity on the ground in China by using satellite imagery.

Automakers ask California to ease rules for self-driving car tests

Wed, 26 April 2017 07:50:09 +0800

Automakers on Tuesday urged the state of California to further ease its proposed regulations for autonomous vehicles, saying the state did not respond to their earlier objections by making enough revisions to its planned set of rules for self-driving cars.

Trump picks trade fight with Canada

Wed, 26 April 2017 07:42:04 +0800

WASHINGTON: Trade tensions spiked between Washington and Ottawa on Tuesday (Apr 25) as President Donald Trump accused Canada of being "very rough" on its southern neighbor and threatened to retaliate against new restrictions on US dairy products. Trump also touted his administration's surprise ...

AT&T unexpectedly loses postpaid subscribers in first quarter

Wed, 26 April 2017 05:10:09 +0800

AT&T Inc , the No. 2 U.S. wireless carrier, reported a drop in quarterly revenue and unexpectedly lost postpaid subscribers as lower prices for its unlimited plans failed to attract customers in a saturated wireless market.

Nasdaq ends above 6,000 for first time as US stocks rally again

Wed, 26 April 2017 04:55:21 +0800

NEW YORK: The Nasdaq closed above 6,000 for the first time on Tuesday (Apr 25) following a round of mostly strong corporate earnings and ahead of the White House's long-awaited tax cut announcement on Wednesday. The tech-rich Nasdaq Composite Index advanced 41.67 points (0.70 per cent) to finish ...

US Supreme Court may limit where companies can be sued

Wed, 26 April 2017 04:00:09 +0800

The U.S. Supreme Court on Tuesday appeared poised to clamp down on where corporations can be sued, a potential setback for plaintiffs' lawyers who strive to bring cases in courts and locales they consider friendly.

Toshiba to drop its auditor: Nikkei

Wed, 26 April 2017 02:25:15 +0800

Toshiba Corp has decided to drop its auditor PricewaterhouseCoopers (PwC) Aarata, which declined to approve the company's full-year financial statement, the Nikkei financial daily reported.

JetBlue delays some jet deliveries, swaps Airbus models

Wed, 26 April 2017 02:25:11 +0800

JetBlue Airways Corp said it is postponing delivery of 13 aircraft scheduled for 2019 and 2020, and has swapped its 2018 Airbus order of A321neos to 11 A321ceos, which have an earlier engine design.

Teva Pharmaceutical CFO to step down: media

Wed, 26 April 2017 02:10:13 +0800

The chief financial officer of Teva Pharmaceutical Industries , Eyal Desheh, is stepping down and will likely be appointed chairman of Isracard, Bank Hapoalim's credit card company, Israeli news websites reported on Tuesday.

Uber expects flying taxis to take off in 2020

Wed, 26 April 2017 01:45:06 +0800

Flying taxis may become a reality in the next four years.

European stocks build on France-induced surge

Wed, 26 April 2017 00:20:38 +0800

LONDON: Stock markets mostly rose on Tuesday (Apr 25) following the previous session's record runs triggered by the first-round result of France's presidential election. Global shares had soared on Monday after centrist Emmanuel Macron topped the initial vote and looked well on course to beat far ...

Exclusive: GE in talks with Irish firm on Chilean wind venture - sources

Wed, 26 April 2017 00:15:12 +0800

General Electric Co is in talks with an independent energy producer to make a significant move into wind power in Chile, two people with knowledge of the process told Reuters, as the conglomerate expands its global renewable footprint.

Coca-Cola to cut 1,200 jobs as earnings fall

Wed, 26 April 2017 04:01:47 +0800

NEW YORK: Coca-Cola plans to cut 1,200 jobs as it deepens its cost-cutting initiatives in response to sluggish soda sales, the company said on Tuesday (Apr 25). The manufacturer of Sprite and Fanta announced the job cuts as it reported lower second-quarter profits due to restructuring costs and ...

Caterpillar quarterly sales up for first time in 2-1/2 years

Tue, 25 April 2017 23:59:55 +0800

NEW YORK: Caterpillar reported its first jump in quarterly sales in two-and-a-half years on Tuesday (Apr 25) and said it was heartened by increased customer inquiries in prospective equipment purchases in key sectors. Shares of the large machinery giant rose sharply in pre-market trading on the ...

McDonald's reports higher earnings on strong US, China sales

Wed, 26 April 2017 07:10:45 +0800

NEW YORK: McDonald's reported higher first-quarter earnings on Tuesday (Apr 25) on better performance in key regions, including the United States and China. The solid results reflected greater emphasis on boosting traffic in the United States at the home of the "Big Mac," as well as other markets ...

US consumer confidence declines in April as optimism wanes

Tue, 25 April 2017 23:40:38 +0800

WASHINGTON: US consumer confidence retreated in April after two months of records, as optimism about the economy dwindled, the Conference Board reported on Tuesday (Apr 25). Consumers were less optimistic about the outlook in the short-term, while a growing percentage felt business conditions were ...

Citi meeting protest prompts apology on pipeline finance steps

Wed, 26 April 2017 01:30:17 +0800

A brief, noisy protest by drum-beating young adults at Citigroup's annual shareholder meeting on Tuesday evolved into an orderly exchange between an older tribal woman and the bank's two top executives, who conceded it had approved investments in a North Dakota pipeline too quickly.

Wells Fargo pauses annual meeting due to unruly shareholder

Tue, 25 April 2017 23:15:07 +0800

Wells Fargo & Co's management ejected an unruly shareholder from the bank's contentious annual meeting on Tuesday after an extended period of argument and what the chairman characterized as a "physical approach" to a director.

Nasdaq hits 6,000 for first time

Tue, 25 April 2017 22:50:22 +0800

U.S. stocks rose at the open on Tuesday, with the Nasdaq hitting the 6,000 point mark for the first time, amid a raft of strong corporate earnings and President Donald Trump's promise of a major tax reform plan.

US home prices rise faster than expected in February

Tue, 25 April 2017 23:43:47 +0800

NEW YORK: US single-family home prices accelerated at a faster pace than expected in February, supported by a low inventory of housing stock, a survey showed on Tuesday (Apr 25). The S&P CoreLogic Case-Shiller composite index of 20 metropolitan areas rose 5.9 per cent in February on a year-over ...

Ecuador gives Schlumberger US$150 mln in notes to settle part of debt

Tue, 25 April 2017 22:20:21 +0800

Ecuador has given oil services company Schlumberger NV US$150 million in central bank notes that can be used to pay taxes, President Rafael Correa said late on Monday, part of efforts to pay down a US$1.1 billion debt with the company.

US new home sales rise to eight-month high

Tue, 25 April 2017 22:05:15 +0800

New U.S. single-family home sales surged to an eight-month high in March, pointing to underlying strength in the economy despite an apparent sharp slowdown in growth in the first quarter.

Thai government defends 'cheap' US$393 million Chinese sub purchase

Tue, 25 April 2017 21:15:11 +0800

The Thai junta on Tuesday defended $393 million earmarked for a Chinese submarine, batting back criticism of the secrecy of the deal, its high cost and the questionable utility of the warship.

Lockheed Martin's quarterly revenue up 6.6 percent

Tue, 25 April 2017 20:00:29 +0800

Lockheed Martin Corp , whose F-35 fighter jet program has been under presidential spotlight for being too expensive, posted a 6.6 percent rise in quarterly sales, helped by strength in its aeronautics division that makes fighter jets.

Air China resumes North Korea flights after speculation

Tue, 25 April 2017 20:00:38 +0800

BEIJING: Air China has resumed flights to the North Korean capital after their temporary suspension sparked speculation that Beijing was pressuring Pyongyang to curb its nuclear and missile programmes. Flights between Beijing and Pyongyang every Monday and Friday on China's flag carrier will ...

Netflix to debut in China with original content licensing deal

Tue, 25 April 2017 19:50:39 +0800

BEIJING: Netflix is to introduce original content in China in a licensing deal with local video streaming service, the US company said on Tuesday (Apr 25). Netflix has struggled to break into the Chinese market, where streaming services are subject to strict data storage regulations and ...

Post-it maker 3M's quarterly profit rises 3.8 percent

Tue, 25 April 2017 19:45:07 +0800

3M Co , which makes Scotch tape and Post-it notes, reported a 3.8 percent rise in quarterly profit, helped by strong growth in Asia and Latin America.

Analysis: Investors take another look at opinion polls after French vote

Tue, 25 April 2017 19:34:05 +0800

Pollsters picked the two candidates to make it into next month's French presidential election run-off, going some way to restoring their reputation in financial markets before other important votes across Europe.

Coca-Cola's profit plunges 20 percent on bottling refranchising costs

Tue, 25 April 2017 19:15:14 +0800

Coca-Cola Co reported a 20 percent drop in quarterly profit, largely weighed down by higher costs related to refranchising its North America bottling operations.

Investors take another look at opinion polls after French vote

Tue, 25 April 2017 19:05:15 +0800

Pollsters picked the two candidates to make it into next month's French presidential election run-off, going some way to restoring their reputation in financial markets before other important votes across Europe.

Eli Lilly's profit beats on demand for new drugs

Tue, 25 April 2017 21:00:18 +0800

Eli Lilly and Co reported a bigger-than-expected quarterly adjusted profit as sales of its newest products, including a diabetes injection, more than doubled.

Valero Energy's quarterly profit slumps 38.4 percent

Tue, 25 April 2017 19:05:09 +0800

Valero Energy Corp , the largest U.S. oil refiner, reported a 38.4 percent fall in quarterly profit, hurt by weak margins in its core refining business.

Asian markets build on gains as eyes turn to Trump

Tue, 25 April 2017 18:40:38 +0800

HONG KONG: Asian markets extended gains on Tuesday (Apr 25) while the euro held up following Emmanuel Macron's first-round presidential election victory in France, with investors now looking forward to Donald Trump's promised tax reforms. Global markets soared Monday after Macron topped the ...

DuPont reports lower quarterly profit on Dow deal charges

Tue, 25 April 2017 18:20:11 +0800

Chemicals and seeds producer DuPont , which is merging with Dow Chemical Co , reported a slightly lower quarterly profit, hurt partly by one-time charges associated with their US$130-billion merger.

Gazprom CEO sees share of EU gas market rising despite LNG rivals

Tue, 25 April 2017 18:10:14 +0800

A new pipeline from Russia's Arctic fields to Germany will boost Moscow's share of the European gas market despite competition from Qatar and the United States, and will also mean much less fuel goes via Ukraine, Russian gas monopoly Gazprom said.

Faster, better job matches? Singapore start-ups look to redefine career searches

Wed, 26 April 2017 12:13:27 +0800

Each armed with an in-house algorithm that does more than just matching job seekers to the right roles, can new recruitment web portals and apps in Singapore help to ease the pain of job hunting?

Dutch Economic Affairs minister says still opposed to Akzo Nobel takeover

Tue, 25 April 2017 17:30:14 +0800

Dutch Economic Affairs Minister Henk Kamp repeated his opposition to a takeover of paint maker Akzo Nobel on Tuesday, saying he did not care that U.S. rival PPG Industries had raised its offer.

S Korea tourist numbers plummet in China boycott

Tue, 25 April 2017 17:20:57 +0800

South Korea's tourist industry has been hammered by China's boycott over the deployment of US missile defence system, with visitor numbers from the Asian giant plummeting 40 percent in March, statistics showed.

Boeing near decision to launch 737-10 jet

Wed, 26 April 2017 00:07:53 +0800

PARIS: Boeing is nearing a decision to launch a larger version of its 737 workhorse jet within two months to counter strong sales of the Airbus A321neo, after a breakthrough on the design for one of its parts, industry sources said. The 737 MAX 10 would narrow the gap between the 178-220 seat 737 ...

LVMH bag Christian Dior Couture for US$7 billion

Tue, 25 April 2017 20:07:56 +0800

The world's top luxury company LVMH said on Tuesday (Apr 24) it plans to buy Christian Dior Couture, a wholly-owned unit of Christian Dior SA, for €6.5 billion (US$7.0 billion).

Mitsubishi and Nissan full merger is not an option: chairman

Tue, 25 April 2017 14:45:09 +0800

A full merger between Japanese car makers Mitsubishi Motors Corp (MMC) and Nissan Motor Co Ltd is not on the table, Carlos Ghosn, chairman of both firms, said on Tuesday.

Credit Suisse investors prepare to grill chairman Rohner over pay

Tue, 25 April 2017 14:35:07 +0800

Credit Suisse Chairman Urs Rohner faces his toughest shareholder meeting to date this week following an investor revolt over bonuses and losses totaling 5.65 billion Swiss francs (US$5.7 billion) since 2015.

LVMH's Arnault to take full control of Christian Dior

Tue, 25 April 2017 18:35:07 +0800

French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods group as part of a 12 billion euro (US$13 billion) move to simplify his business interests, a restructuring long demanded by other investors.

Toshiba to start taking bids in June for its Swiss unit Landis+Gyr: Kyodo

Tue, 25 April 2017 16:49:51 +0800

Japan's Toshiba Corp will start taking bids for Landis+Gyr, its Swiss smart meter unit, as early as June, Kyodo news agency reported on Tuesday.

East Coast refiners eye Texas oil as North Dakota alternative

Tue, 25 April 2017 13:15:10 +0800

U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota Access pipeline.

Not an inside job: How two analysts became SEC whistleblowers

Tue, 25 April 2017 13:10:08 +0800

Four years ago, two analysts who liked to swap notes on numbers they thought looked odd took a fateful step and tipped off U.S. regulators about a company that one of them had watched for months.

Wells Fargo shareholders disrupt meeting as fate of board members awaited

Tue, 25 April 2017 23:30:10 +0800

Wells Fargo & Co's annual meeting turned raucous when it was repeatedly interrupted by angry shareholders on Tuesday as the bank's chairman and chief executive tried to calm nerves ahead of a vote that could oust the majority of its board.