10 January 2020


  • ChemChina is reorganizing its agrichemicals business ahead of a planned public float of the unit. Photo: Reuters

    ChemChina, Sinochem moving agri assets into new holding firm

    Jan 6, 2020 9:48am
    ChemChina and Sinochem are consolidating their agricultural assets into a new holding company to be called Syngenta Group, Reuters reports, citing a statement on Sunday. Chen Lichtenstein, current president and CEO of Shenzhen-listed crop protection firm...
  • Samsung is widely expected to unveil its new foldable phone and a new version of its flagship S model. Photo: Bloomberg

    Samsung says will unveil ‘innovative devices’ on Feb 11

    Jan 6, 2020 9:27am
    Samsung Electronics said it will introduce new, innovative devices in San Francisco on Feb. 11, with the electronics giant widely expected to unveil its new foldable phone and a new version of its flagship S model,...
  • Kweichow Moutai is forecasting a mere 10 percent sales growth for 2020 amid China’s slowing economic growth and the clampdown on speculative demand. Photo: CNSA

    Liquor king Kweichow Moutai says goodbye to era of easy money

    - Jan 3, 2020 5:08pm
    Kweichow Moutai (600519.CN), China’s top liquor brand, saw its share price tumble 4.5 percent on the first trading day of the new year, despite a strong overall market, after the company said its revenue and earnings...
  • 5G will drive many tech innovations as powerful wireless networks will enable the transfer of large volumes of data much faster. Photo: Bloomberg

    What to expect from the tech sector in 2020

    - Jan 3, 2020 1:10pm
    Ushering in 2020, it’s time to make some predictions as to what lies in store for us from the all-important technology sector in the year ahead. One big underlying theme, most analysts agree, will be 5G,...
  • Tesla plans to start delivering cars, made at its US$2 billion factory in Shanghai, to the public on Jan. 7. Photo: Reuters

    Tesla cuts price for China-made Model 3 vehicles before delivery

    Jan 3, 2020 12:49pm
    US electric vehicle maker Tesla Inc. cut the starting price for its China-made Model 3 sedans by 16 percent to 299,050 yuan (US$42,919) after receiving Chinese subsidies for electric vehicles, Reuters reports, citing information on the...
  • Sweden launched its negative rate plan almost six years ago and has now reversed it due to the financial risks that arose from such policy. Photo: Bloomberg

    Sweden ends its experiment of negative rates

    - Jan 3, 2020 10:18am
    Negative rates are the destruction of money, an economic aberration based on the mistakes of many central banks and some of their economists who start from a wrong diagnosis: the idea that economic agents do not...
  • A Reuters investigation revealed that US intelligence contractors clandestinely assisted a foreign spying operation in the United Arab Emirates, helping the monarchy to crack down on internal dissent. Photo: Reuters

    US passes legislation on overseas sales of cyber tools

    Jan 3, 2020 8:11am
    Newly passed legislation will push the US State Department to disclose how it polices the sale of cyber tools and services abroad. The move followed a Reuters investigation which revealed that American intelligence contractors clandestinely assisted...
  • Ant Financial said it has submitted an application to the Monetary Authority of Singapore for a digital wholesale banking license. Photo: Reuters

    Ant Financial applies for Singapore digital banking license

    Jan 3, 2020 8:06am
    China’s Ant Financial, an affiliate of e-commerce giant Alibaba Group Holdings, has joined the race for a digital banking licence in Singapore, Reuters reports, citing a company statement. The Monetary Authority of Singapore (MAS) has said...
  • Former Nissan chairman Carlos Ghosn said he had fled to Lebanon to escape what he called a “rigged” justice system in Japan. Photo: Handout / Representatives for Carlos Ghosn / AFP

    Lebanon receives Interpol arrest warrant for Ghosn

    Jan 3, 2020 7:46am
    Lebanon received an Interpol arrest warrant on Thursday for former Nissan chairman Carlos Ghosn, while Turkey launched an investigation into his daring escape from Japan via Istanbul, Reuters reports. Ghosn has become an international fugitive after...
  • Xiaomi CEO Lei Jun cited the need to "completely cement our king status in the smart era". Photo: Reuters

    Xiaomi to invest US$7 billion in 5G and AI over next five years

    Jan 2, 2020 4:32pm
    Chinese smartphone maker Xiaomi Corp. will invest more than 50 billion yuan (US$7.18 billion) in artificial intelligence and fifth-generation internet technologies over the next five years, Reuters reports. Xiaomi chief executive Lei Jun made the announcement...
  • Stock Connect, which began operating last year, was seen as a major step by China to open up its capital markets as well as linking them globally. Photo: AFP

    China halts British stock link over political tensions: report

    Jan 2, 2020 4:03pm
    China has temporarily blocked planned cross-border listings between the Shanghai and London stock exchanges because of political tensions with Britain, five sources told Reuters. Suspending the Shanghai-London Stock Connect scheme casts a shadow over the future...
  • The yellow box indicates where an AI system found cancer hiding inside breast tissue. Photo: Northwestern University/Handout via Reuters

    Google AI system could improve breast cancer detection: study

    Jan 2, 2020 8:47am
    A Google artificial intelligence system proved as good as expert radiologists at detecting which women had breast cancer based on screening mammograms and showed promise at reducing errors, researchers in the United States and Britain reported....
  • Airbus deployed extra resources until hours before midnight to reach 863 aircraft for the year, compared with its revised target of 860 jets. Photo: Reuters

    Airbus ousts Boeing as top planemaker with 863 jet deliveries

    Jan 2, 2020 8:36am
    Airbus has become the world’s largest planemaker for the first time since 2011 after delivering a forecast-beating 863 aircraft in 2019, seizing the crown from embattled US rival Boeing, Reuters reports, citing airport and tracking sources....
  • Police stand at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia on March 11, 2019. Photo: Reuters

    Major commercial plane crash deaths down over 50% in 2019

    Jan 2, 2020 8:24am
    A Dutch consulting firm said the number of people killed in large commercial airplane crashes fell by more than 50 percent in 2019 despite a high-profile Boeing 737 MAX crash in Ethiopia in March, Reuters reports.?...
  • People walk past a house that is believed to belong to Carlos Ghosn in Beirut, Lebanon on Tuesday. Photo: Reuters

    Carlos Ghosn says he fled Japan ‘to escape injustice’

    Dec 31, 2019 5:44pm
    Ousted Nissan boss Carlos Ghosn confirmed on Tuesday that he fled to Lebanon, saying he didn’t want to be “held hostage” by a “rigged” justice system in Japan where he had been awaiting trial on financial...
  • Filing a lawsuit against a new California labor law, Uber and others have argued that the bill discriminates against gig economy businesses that rely on independent contractors. Photo: Reuters

    Uber, Postmates sue to block California gig worker law

    Dec 31, 2019 12:02pm
    Ride-hailing firm Uber and courier services provider Postmates asked a court to block a California labor law set to go into effect on Wednesday, arguing the bill violates the US Constitution, Reuters reports. In a lawsuit...
  • A file picture shows former Nissan chief Carlos Ghosn leaving a detention house in Tokyo on April 25, 2019. Awaiting trial on financial misconduct charges, he is now reported to have left Japan. Photo: Reuters

    Ex-Nissan boss Ghosn leaves Japan, in Beirut now: report

    Dec 31, 2019 10:52am
    Carlos Ghosn, the ousted boss of the Renault-Nissan carmaking alliance who was grounded in Japan while awaiting trial on charges of financial misconduct, was in Lebanon as of Monday, a person close to Ghosn told Reuters....
  • Huawei gets a chance to bid for 5G contracts in India, one of the world's fastest growing telecoms markets. Photo: Reuters

    Huawei gets India nod to participate in 5G trials

    Dec 31, 2019 10:02am
    The Indian government has allowed Chinese telecoms equipment giant Huawei Technologies to participate in trials for 5G networks in the country, Reuters reports, citing a company spokesman. India’s telecom department will meet operators on Dec. 31...
  • A North Korean hacking group had targeted government employees, think-tanks, university staff members and individuals working on nuclear proliferation issues, according to Microsoft. Photo: Reuters

    N Korea-linked hackers stole sensitive info, Microsoft says

    Dec 31, 2019 8:46am
    Microsoft said on Monday that it has taken control of web domains which were used by a hacking group called “Thallium” to steal information, Reuters reports. Thallium is believed to be operating from North Korea, the...
  • Huawei says the external environment is 'becoming more complicated than ever.' Photo: Reuters

    Huawei flags 18% revenue growth for 2019, sees tough 2020

    Dec 31, 2019 8:33am
    Chinese telecoms equipment giant Huawei Technologies expects its 2019 revenue to come in at around 850 billion yuan (US$121.7 billion), up 18 percent over the previous year but lower than the firm’s earlier projections. Rotating chairman...