HealthySaruhiro

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Hong Kong Cozies Up to Shenzhen to Create Future Tech Giants

It’s the story of an obscure fishing community that was afforded special trading status and grew to become one of the world’s most vibrant economic …

Hong Kong

China's Bond Connect Could Be Win-Win

Unlike Hong Kong's stock-trading links with Shanghai and Shenzhen, the bond connect between the former British colony and China may not be as slow to …

Hong Kong

Singapore gets a gigantic ‘vending machine’ for buying luxury cars

Singapore is a country known worldwide for both a very high cost of living and limited real estate space — that combination makes it hard to imagine a better location for a gigantic vending machine that spits out luxury cars.<p>That’s right, folks. Autobahn Motors, a company that started out selling …

Real Estate

Bank of China given licence to operate in Pakistan by central bank | Reuters

ISLAMABAD (Reuters) - Pakistan’s central bank has granted government-run Bank of China a licence to operate in the country to ease the financial requirements of Chinese-led “Belt and Road” projects, the central bank said on Saturday.<p>The exterior of the Bank of China branch is seen in New York, U.S. …

Bank of China

Booming Go-Jek started by seeing Jakarta's traffic jams as an opportunity

What began as a call center in Jakarta for bike hailing in 2010 is now reportedly valued at $3 billion, operating in 25 Indonesian cities.<p>Go-Jek has …

Asia

Business News

4 Hours Ago<p>Biometric ID passes are one of several innovative features built into the Australian data firm's Sydney headquarters.<p>2 Mins Ago<p>Canada's …

Wynn Resorts

As U.S. and China find common ground on North Korea, is Russia the wild card? | Reuters

SEOUL/VLADIVOSTOK, Russia (Reuters) - When North Korean leader Kim Jong Un sent Lunar New Year greetings this year, the first card went to Russian President Vladimir Putin, ahead of leaders from China and other allies of the isolated country, according to its official news agency.<p>Some academics who …

North Korea

How Much Would Facebook Be Worth Today If It Hadn't Bought Instagram?

Facebook just did an update last week that Instagram is now up to 700 million monthly active users.<p>A little over 5 years ago, Kevin Systrom – Instagram’s founder – agreed to sell his company to Mark Zuckerberg for $1 billion of cash and stock. At the time of the deal, Instagram had 30 million users.<p>…

Social Media

BOC Hong Kong First-Quarter Operating Profit Before Impairment Jumps to HK$8.42 Billion

BOC Hong Kong (Holdings) Ltd. (2388.HK) said first-quarter operating profit before impairment allowances rose 28% from the previous year, thanks partly to higher net interest income.<p>The Hong Kong-listed bank, a unit of Bank of China Ltd. (3988.HK), said operating profit before impairment allowances …

What it's like working for Warren Buffett: 'It's literally just reading about 12 hours a day'

As Berkshire Hathaway's annual meeting approaches next week, Warren Buffett shared how hiring his two investment managers was "one of the best …

Investing

Tencent to open AI research center in Seattle

Chinese tech conglomerate Tencent will be opening a new AI research center in Seattle, according to The Information. The company has long had a core office in Palo Alto, but this will be its first major machine intelligence R&D effort in the country. Earlier this week Tencent announced that it …

Silicon Valley

For China's Big Five banks, margins slide, but hopes rise on bad debts | Reuters

BEIJING/SHANGHAI (Reuters) - China’s biggest listed banks posted results that showed shrinking interest margins caused first-quarter profits to be near-flat, although there was a glimmer of hope as the pace of mounting bad debts slowed at some of the lenders.<p>The Industrial and Commercial Bank of …

Economics

China’s internet giants go global

THERE was a time, not that long ago, when China’s big internet companies were dismissed by investors in Silicon Valley as marginal firms with a …

China

AP Exclusive: The sad saga of North Korea's ATMs

PYONGYANG, North Korea (AP) — No modern airport terminal is complete without an ATM, and Pyongyang's now has two. But they don't work — because of new Chinese sanctions, according to bank employees — and it's not clear when they will.<p>ATMs are an alien enough concept in North Korea that those in the …

North Korea

I.M.F. Torn Over Whether to Bail Out Greece Once Again

WASHINGTON — As the International Monetary Fund approaches the seventh anniversary of the contentious Greek bailout, it is torn over whether to commit new loans to a nearly bankrupt Greece.<p>For more than a year, I.M.F. officials have been saying — loudly — that they cannot participate in a new …

Europe

Warren Buffett Was Right To Trim Wells Fargo

The big banks are reporting earnings results this morning. <b>JPMorgan Chase</b> (JPM) beat expectations and shares are climbing. <b>Wells Fargo</b> (WFC) is another …

Tencent Passes Wells Fargo to Become 10th Biggest Company: Chart

To continue reading this article you must be a Bloomberg Professional Service Subscriber.<p>If you believe that you may have received this message in …

Wells Fargo

At Li Ka-Shing's Earnings Day, Focus Turns Toward Dividends

Two years ago, billionaire Li Ka-shing dangled higher dividends as a key reason why investors should endorse Hong Kong’s richest man in the …

Hong Kong

Billionaire Li's Biotech Firm a Step Closer to Putting New Cancer Drug on Market

Hutchison China MediTech Ltd., the biotechnology company backed by billionaire Li Ka-shing, reported positive late-stage results for its drug to …

Biotechnology

Li Ka-Shing Firms Cleared to Pursue $5.6 Billion Duet Bid

Billionaire Li Ka-shing won the approval of his shareholders to pursue the purchase of Australian power provider Duet Group, paving the way for the …

Hong Kong

Hong Kong's Richest Men Prove Resilient Against Property Curbs

Don’t bet against Hong Kong’s billionaire property tycoons, even if the city’s incoming chief executive takes a tough stance on reining in soaring …

Hong Kong

US, Asia-Pacific allies rolling out F-35 stealth fighter

HONOLULU (AP) — The U.S. and its Asia-Pacific allies are rolling out their new stealth fighter jet, a cutting-edge plane that costs about $100 million each.<p>The U.S. Air Force this week hosted allies and partners in Hawaii for a symposium on the F-35 Joint Strike Fighter, which can sneak undetected …

Military

White House: Trump paid $38 million in income tax in 2005

<b>Washington (CNN) —</b> President Donald Trump paid $38 million in taxes on income of more than $150 million in 2005, the White House confirmed on Tuesday.<p>Trump made a "large-scale" write-off for construction losses in 2005, the White House said, in response to questions about a partial disclosure of …

Donald Trump

16 brilliant quotes from Charlie Munger, Warren Buffett's right-hand man

And then he met Warren Buffett, and the rest is history.<p>As vice chairman of Berkshire Hathaway, Munger is Buffett's right-hand man. He has an estimated net worth of $1.51 billion.<p>Like Buffett, Munger is incredibly sharp in his wit and investing wisdom. You might even argue that his words are more …

Investing

Trump met with the Russian ambassador during his campaign despite repeated denials of any relationship

The White House is once again facing a crisis over its links to the Kremlin, after it emerged that Donald Trump met the Russian ambassador during his election run last April. Trump and his aides have previously strongly denied that the president had any contact with Russia during his …

Donald Trump

ETFs might do investors more harm than good

CHAPEL HILL, N.C. (MarketWatch)—Have ETFs done individual investors more harm than good?<p>Warren Buffett, the CEO of Berkshire Hathaway, and John …

Investing