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  • October 21, 2014
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  1. Business - Companies - LISTINGS

    Twitter losses widen ahead of New York IPO

    Posted Oct 16th 2013, 02:09pm by Reuters

    ... Reuters in San Francisco As microblogger prepares to list its shares next month, quarterly net losses triple to US$64.6m Twitter losses widen ahead of New York IPO Twitter revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year's most anticipated IPOs. The online messaging service's decision to go ...

  2. Business - Commodities - LOGISTICS

    Arctic route has little allure for shipping industry

    Posted Oct 16th 2013, 12:00am by Reuters

    ... Reuters in London Global warming has opened northern seaway, but few cargo ships have made the journey Arctic route has little allure for shipping industry The new shipping route opened up through the Arctic by climate change will not be crowded any time soon. Cargoes of coal, diesel and gas have made the trip but high insurance costs, slow going and strict environmental rules mean ...

  3. Business - China Business

    E-commerce giant will not list on Hong Kong exchange

    Posted Oct 11th 2013, 12:00am by Reuters

    ... Reuters in Hangzhou E-commerce giant will not list on HK exchange E-commerce company Alibaba Group has decided not to list its shares in Hong Kong, but has yet to commit to any other exchange, including the New York Stock Exchange, chief executive Jonathan Lu said yesterday. The company, founded in 1999 by billionaire Jack Ma Yun, had planned to list on the Hong Kong stock ...

  4. Business - Economy

    Japan signals durable recovery as government pursues 'Abenomics'

    Posted Oct 11th 2013, 12:00am by Reuters

    ... Reuters in Tokyo Increase in core machinery orders in August provides welcome sign of rebound in capital spending as Abe pursues reflationary policies Japan data bodes well for durable recovery Japan took another step towards solidifying its economic recovery in August when core machinery orders rose more quickly than expected, providing a welcome sign of the capital spending ...

  5. Business - China Business - TAKEOVERS

    Alipay buys fund manager to boost online services

    Posted Oct 10th 2013, 12:00am by Reuters

    ... Reuters in Beijing The internet payment firm owned by Alibaba takes 51 per cent of Tianhong Asset Management Alipay buys fund manager to boost its online services The online payment affiliate of dominant mainland e-commerce company Alibaba is taking control of Tianhong Asset Management to accelerate its push into online financial services. Tianhong shareholder Inner Mongolia ...

  6. Business - China Business - ENERGY

    Engineering and construction hotbed of corruption

    Posted Sep 27th 2013, 02:02pm by Reuters

    ... Reuters Engineering and construction hotbed of corruption In March last year, after getting government approval to go ahead with a US$900 million refinery expansion in Fujian province, state-run oil giant Sinopec Corp warned the team handling the project against taking bribes. "Project engineering and construction has been a main area for corruption at Sinopec," ...

  7. Business - Companies

    Sony says it has over 1 million preorders for PlayStation 4

    Posted Aug 21st 2013, 11:37am by Reuters

    ... Reuters in Cologne ...

  8. Business - Economy

    Plunge in Japan's current account surplus fuels debt worries

    Posted Oct 08th 2013, 02:16pm by Reuters

    ... Reuters in Tokyo Japan disappoints as surplus tumbles Japan’s current account surplus tumbled in August owing to declining overseas profits and chronic trade deficits, raising questions about the country’s ability to rely on its status as a net creditor to ease the pain of its massive public debt pile. The 63.7 per cent annual decline in the current account surplus ...

  9. Business - Money

    Facebook's dismal debut clouds Twitter prospects

    Posted Oct 07th 2013, 12:00am by Reuters

    ... Reuters in San Francisco Facebook's dismal debut clouds Twitter prospects When Facebook was preparing to go public last year, the telephones at Granite Investment Advisers rang off the hook as clients called about the social media's company's highly anticipated debut. In stark contrast, the investment company is yet to field any calls about Twitter. "Not ...

  10. Business - Companies

    Samsung expects record third-quarter profits

    Posted Oct 04th 2013, 10:38am by Reuters

    ... Reuters in Seoul Samsung Electronics estimated its July-September earnings rose 25 per cent to a record US$9.4 billion as a strong recovery in memory chip prices helped counter a slowdown ... of full quarterly results due out by October 25, was better than the average forecast of 9.96 trillion won in a poll of 34 analysts by Thomson Reuters I/B/E/S. The South Korean firm estimated its ...




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