Monday, 21 January 2019

Apple shares dive; rare revenue warning drags global markets

Apple Inc shares plunged 10 percent on Thursday after the iPhone maker blamed weak China demand for a holiday-quarter revenue shortfall, with many investors...

Coffee startup Luckin plans to overtake Starbucks in China this year

BEIJING Chinese coffee startup Luckin is aiming to open 2,500 new stores this year and overtake Starbucks Corp (SBUX.O) as the largest coffee chain by...

Keep an eye on Seoul for Asia’s next big buyer

HONG KONG An active acquirer lurks in South Korea. Over the last couple of years, companies from Japan and China have led Asia in...

Blockchain will finally make itself useful

NEW YORK After all the hype, blockchain is due for a breakthrough in 2019. Banks and companies are gradually applying versions of the distributed-ledger technology...

Oil starts 2019 with gains, as traders gear up for volatile year

SINGAPORE Oil markets began 2019 in positive territory on Wednesday, as traders prepare for a likely volatile year of trading amid soaring U.S. crude supply...

South Korea’s SK Innovation bets on Europe, China electric vehicle demand

SEOSAN, South Korea South Korea’s SK Innovation, a supplier of electric vehicle (EV) batteries to Daimler and Volkswagen, aims to boost production capacity more than...

India tightens e-commerce rules, likely to hit Amazon, Flipkart

NEW DELHI/MUMBAI India will ban e-commerce companies such as Amazon.com and Walmart-owned Flipkart Group from selling products from companies in which they have an equity...

World will improve where it matters most in 2019

LONDON The world economy is set to enjoy a very good year. In that, it will be much like 2018 and 2017 and most probably...

Suga says Japan wants to promote free and fair trade for global economy

TOKYO Japan’s top government spokesman said on Wednesday his government wants to promote rules that protect free and fair trade for the global economy. Chief Cabinet...

Hyundai sees Russia auto market growth slowing in 2019

MOSCOW South Korea-based carmaker Hyundai Motor Co. (005380.KS) expects growth in the Russian auto market to slow sharply next year, the head of its Russian...

Box Office: ‘Aquaman’ debuts at No. 1 with $72 million, ‘Mary Poppins Returns’ beats...

LOS ANGELES Jason Momoa’s “Aquaman” is the King of the Seven Seas — and now the box office. The DC adventure dominated in North America...

Oil eases on oversupply concerns ahead of holiday

SEOUL Oil prices dipped on Monday ahead of the Christmas holiday break, adding to last week’s steep losses on concerns about a global oversupply. International benchmark...
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