As China home prices cool some property companies seek to reduce risks As China home prices cool some property companies seek to reduce risks: They are reducing balance sheet leverage, buying land through joint ventures with other property companies to reduce risk, or diversifying into other businesses. Their concern is […]
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Dollar edges away from highs Spain crisis pressures euro Dollar edges away from highs Spain crisis pressures euro: The dollar index, which tracks the greenback against a basket of six major rivals, dipped 0.2 percent to 94.775 but remained not far from Friday’s three-month high of 95.150. The euro inched […]
Exxon Chevron results linked to oil price not cost cuts Exxon Chevron results linked to oil price not cost cuts: Despite deep capital spending cuts and a refocusing on projects that can generate faster paybacks in recent years, the results on Friday showed the pair, neither of whom hedge oil […]
Tesla cuts Model 3 part orders to Taiwan supplier Hota Tesla cuts Model 3 part orders to Taiwan supplier Hota: Luxury electric carmaker Tesla (TSLA.O) plans to slash by 40 percent its orders for parts for the new Model 3 mass-market sedan from Taiwanese auto component maker Hota Industrial Mfg. […]
Twitter says it could turn first-ever profit Twitter says it could turn first-ever profit: Shares of Twitter soared more than 18 percent to $20.31 in afternoon trading. The company also said user growth resumed in the third quarter after stalling in the prior three months. Twitter has never had a […]
London comes to Macau as Las Vegas Sands revamps casino resort London comes to Macau as Las Vegas Sands revamps casino resort: Las Vegas Sands, the casino behemoth owned by U.S. billionaire Sheldon Adelson, said on Wednesday it plans to spend $1.1 billion on new projects in the world’s largest […]
T-Mobile Sprint ready board committees to decide on merge T-Mobile Sprint ready board committees to decide on merge: These board committees are important for the merger because T-Mobile and Sprint are majority owned by Germany’s Deutsche Telekom AG (DTEGn.DE) and Japan’s SoftBank Group Corp (9984.T) respectively, and could be left […]
Airbnb China head exits a week after co-founder named unit chair Airbnb China head exits a week after co-founder named unit chair: Hong Ge, who previously worked for Google Inc and Facebook Inc, left to pursue another role and the firm is yet to name a successor, said Airbnb in […]
Apple Samsung face new iPhone damages trial Apple Samsung face new iPhone damages trial: U.S. District Judge Lucy Koh in San Jose, California issued her order late on Sunday, 10 months after the U.S. Supreme Court set aside a $399 million award against Samsung, whose devices include the Galaxy. The […]
Big money stays away from booming bitcoin Big money stays away from booming bitcoin: Yet for all the hype, mainstream institutional investors are steering clear of the nascent market, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people’s money in. […]
