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Michael Bloomberg may sell Bloomberg LP for $60 billion if elected ...
Billionaire candidate would put financial-data and media company in blind trust and eventually sell.
World
Samsung Electronics to Halt Plant in Korea on Virus Case: Bloomberg
Samsung Electronics Co. will shut down operations at a plant in Gumi City, South Korea, after an employee was confirmed to be infected with the coronavirus.
TikTok's owner looks to use video app’s popularity to move into e-commerce
ByteDance Inc is looking to ride the momentum of its blockbuster video app TikTok by launching new apps and expanding into e-commerce, games and other areas, competing against tech giants globally.
Morgan Stanley agrees $13 billion deal to buy online trading platform ETrade
Morgan Stanley has become the latest elite Wall Street bank to turn to Main Street for its future growth, adding stock trading millennials to its customer with the $13bn acquisition of ETrade.
- U.S. forced labor laws strain China-dependent garment supply chains 1
- Southeast Asia's internet economy growth to slow in 2023 2
- Southeast Asia's fintechs fill lending gap with data 3
- Thai, Singapore tech firms surge in market value 4
- Global rice supplies tighten after India's July export ban 5
- Domino effect: India rice export ban puts market on edge for copycat curbs 6
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China’s government is poised to take over HNA Group as coronavirus outbreak grounds airline fleet
China plans to take over troubled conglomerate HNA Group and sell off its airline assets to contain the deepening economic damage from the deadly coronavirus epidemic.
Japan’s largest bank invests over $700 million in Grab: Bloomberg
Mitsubishi UFJ Financial Group Inc. is investing more than $700 million in ride-hailing giant Grab, gaining access to millions across the region that use the mobile app to book cars and meals.
Coronavirus could cost China’s first-quarter growth as low as 3.5%
China’s economic growth in the first quarter could fall to as low as 3.5% if the spread of the new coronavirus is not contained fast enough, Morgan Stanley said in a report.
Singapore unveils $4.6 billion economic boost in budget to battle coronavirus ...
Singapore on Tuesday unveiled a budget featuring hefty financial measures worth $4.6 billion to deal with the coronavirus outbreak that has disrupted supply chains and upended travel around the world.
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Samsung poised to benefit from coronavirus woes afflicting Apple
Samsung Electronics stands to be a major beneficiary of the China production problems announced by rival Apple on Monday, reaping the rewards of a decade-long bet on low-cost smartphone manufacturing in Vietnam.
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HSBC to slash 35,000 jobs, shed $139b in assets after 2019 profit slumps ...
HSBC plans to cut 35,000 jobs or 15 per cent of its global workforce as it embarks on a radical cost-cutting plan, the banking giant's interim chief said on Tuesday.
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U.S. mulls cutting Huawei off from global chip suppliers, with TSMC in ...
The Trump administration is considering changing U.S. regulations to allow it to block shipments of chips to Huawei from companies such as Taiwan’s TSMC, world’s largest contract chipmaker, sources said.
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Apple says will not meet revenue guidance for March quarter due to coronavirus ...
Apple Inc said on Monday it will not meet its revenue guidance for the March quarter due to the coronavirus outbreak slowing production and weakening demand in China.
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Cathay warns of significant drop in performance amid coronavirus ...
Hong Kong’s flagship airline Cathay Pacific warns of significant drop in year-on-year performance in the first half of 2020 amid poor travel demand caused by coronavirus outbreak
