Chinese tech giant and owner of the chat and messaging app WeChat, Tencent, beat analyst expectations for the three months through to the end of June, reporting its fastest growth in revenues for any quarter in about two years. Despite… Read More ›
Regulations & Legal
Disney Changes Name Of The Historic 20th Century Fox Brand
One of the best known brand names in the global entertainment industry – 20th Century Fox, has now been ended by Walt Disney. This came with the rebranding of one of the TV studios as 20th Television by the legendary… Read More ›
Taiwan’s central bank probing 5 foreign banks over grains firms’ arbitrage: Sources
According to fours sources with knowledge of the situation at hand, Taiwan’s central bank has commenced investigations on 5 foreign banks for their alleged involvements in a $8 billion in net trading positions on the deliverable forwards market. On Tuesday,… Read More ›
Sales volume to bounce back after COVID-19 pandemic: Eastman Kodak Co
In a statement, Eastman Kodak Co stated, it expects sales volume to jump back to normal levels once the COVID-19 pandemic eases; it also sees an improvement in its working capital after the intensity of the Wuhan coronavirus fades. The… Read More ›
Azul SA, Brazil’s No. 3 airline, clinches deal to slash leasing costs, staves off potential Chapter 11 bankruptcy filing
In a statement, Brazilian airline Azul SA said, it had clinched an agreement with its aircraft lessors that would help it save nearly $594.61 million (3.2 billion reais) in working capital through 2021; the deal will see repayments from 2023…. Read More ›
Underlying Profits Of Domino’s In UK Battered By Pandemic
The biggest pizza delivery chain of the United Kingdom, Domino’s Pizza, reported a slump in its order during the novel coronavirus pandemic as customers were prevented from collecting orders because of the strict travel and movement restrictions imposed to prevent… Read More ›
Companies not following U.S. Accounting Standards will be delisted as of 2022: U.S. Treasury Secretary Steven Mnuchin
In a significant development, U.S. Treasury Secretary Steven Mnuchin stated, companies listed on the U.S. stock exchange, including Chinese ones, which do not comply with accounting standards will be delisted as of December 2021. U.S. officials and Mnuchin had recommended… Read More ›
EU’s Changing Tone On Brexit Makes UK Confident Of A Deal
There has been a distinct change the tone and attitude of European Union in recent weeks over the Brexit deal with the United Kingdom which has allowed progress to be made and prompted Britain’s top minister overseeing Brexit talks saying… Read More ›
White House’ WeChat Ban Could Impact American Companies In China
Following the signing of an executive order by United States President Donald Trump that could put a ban on Chinese owned short video sharing app TikTok and Tencent owned messaging app WeChat, some of the unintended casualties of this could… Read More ›
Taiwan negotiating SeaGuardian surveillance drones purchase with U.S.: Sources
In a significant development, six U.S. sources familiar with the negotiations have disclosed, the United States is negotiating the sale of at least four sophisticated aerial drones to Taiwan. Armed with the SeaGuardian surveillance drones, that have a range of… Read More ›
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