“WHO IS KILLING Tencent?” was the headline of an article on a Chinese business news site this autumn. Those sharing the link on WeChat, a social-media and payments service that is the crown jewel of the Chinese technology giant, see something else: “This title contains exaggerated and misleading information”. The swap is ostensibly the result…
Alibaba Group Holding Ltd. logged 10 billion yuan ($1.44 billion) of sales volume in the opening minutes of its annual Singles’ Day extravaganza, outpacing last year’s start as shoppers around the world swarmed the e-commerce giant’s online bazaars. China’s largest company, which is trying to drum up business via a concurrent televised entertainment spectacle featuring…
SYDNEY (Reuters) - Australia will offer Pacific countries up to A$3 billion ($2.18 billion) in grants and cheap loans to build infrastructure, Prime Minister Scott Morrison said on Thursday, as Canberra seeks to counter China’s rising influence in the region. Australia and China have been vying for influence in sparsely populated Pacific island countries that…
Research from UBS shows President Trump's tariffs on Chinese goods are having a material effect on US-China trade. The analysts reviewed US import data for $34 billion of products that fell within the first tranche of US tariffs on July 6. And the decline has been "sharp and unambiguous": Census/UBS "The modest uptick in September…
Equity investors are eyeing six key sectors after the midterm elections resulted in the Democrats seizing control of the House of Representatives, while Republicans maintained control of the Senate. While S&P 500 futures edged higher, here are the sectors most likely to see moves: Pharmaceutical and biotechnology stocks may gain if the stalemate takes away…
Enlarge / A Falcon 9 rocket launches in September 2018. The first satellite launched into orbit, Sputnik, launched from a spaceport in Baikonur, Kazakhstan. The Central Asian country was then a Soviet republic. Later, the first human to fly into space, Yuri Gagarin, also launched from Kazakhstan. Today, despite its independence, this spaceport remains the…
TOKYO (Reuters) - Wall Street stock futures and Asian shares lost steam on Wednesday after Democrats won control of the U.S. House of Representatives, boosting the party’s ability to block President Donald Trump’s political and economic agenda. People walk past an electronic board showing Japan's Nikkei average outside a brokerage in Tokyo, Japan, October 12,…
WASHINGTON (Reuters) - The United States snapped sanctions back in place on Monday to choke Iran’s oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic. FILE PHOTO: A general view of an oil dock is seen from a ship at the port…
WASHINGTON (Reuters) - The United States reimposes oil and financial sanctions against Iran on Monday, significantly turning up the pressure on Tehran in order to curb its missile and nuclear programs and counter its growing military and political influence in the Middle East. FILE PHOTO: Iranian rials, U.S. dollars and Iraqi dinars are seen at…
SHANGHAI/BEIJING (Reuters) - Trade frictions with the United States and accusations of industrial espionage are set to cast a cloud over China’s largest aerospace meeting this week, as suppliers consider what the country’s slowing economy could mean for booming jet demand. J-20 stealth fighters of Chinese People's Liberation Army Air Force (PLAAF) are seen during…
