michael chua

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China's Tencent fourth-quarter profit jumps 47 percent on payment, cloud revenue surge

HONG KONG (Reuters) - Tencent Holdings Ltd, China's biggest social media and online entertainment company, posted a 47 percent rise in quarterly profit on Wednesday, helped by strong growth in new revenue streams such as payment and cloud services.<p>Net profit for the three months through December …

Hong Kong

Wells Fargo introduces cardless ATMs across U.S. in digital push | Reuters

NEW YORK (Reuters) - Starting on Monday, Wells Fargo & Co depositors can withdraw money using a smartphone at any branded ATM, the latest sign of U.S. lenders moving away from traditional brick-and-mortar banking.<p>A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. on …

Wells Fargo

In blow to London, EU considers passporting for fintech services | Reuters

BRUSSELS (Reuters) - The European Commission could introduce EU passporting and lower regulatory requirements for financial technology firms, moves that could undercut London’s leading position in “fintech” as Britain gets ready to leave the European Union.<p>European Commission Vice-President Valdis …

European Union

Tesla to take orders for solar roof tiles starting April | Reuters

(Reuters) - Tesla Motors Inc (TSLA.O) will start taking orders for its solar roof tiles in April, Chief Executive Elon Musk said in a Tweet on Friday.<p>A Tesla logo is seen at its planned store in Hanam, South Korea, December 22, 2016. REUTERS/Kim Hong-Ji<p>The solar-powered roof shingles were unveiled …

Tesla

Credit Suisse CEO pockets $12 million despite back-to-back losses | Reuters

ZURICH (Reuters) - Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam’s pay for his first full year in the job swelled to 11.9 million Swiss francs ($12 million), while bonuses rose 6 percent despite back-to-back annual losses at Switzerland’s second-biggest bank.<p>Executive pay is a hot-button …

Credit Suisse

Fed's Bullard says he's okay with another rate hike this year | Reuters

(Reuters) - St. Louis Federal Reserve Bank President James Bullard on Friday said he would be “okay” with a second rate hike this year, but reiterated his view that the Fed would not need much more to keep inflation in check.<p>St. Louis Federal Reserve President James Bullard speaks at a public …

Federal Reserve

U.S. business spending picking up, but may slow in second quarter | Reuters

WASHINGTON (Reuters) - New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter.<p>Durable goods are seen on sale in a store …

Economy

Number of newly-minted millionaires at Europe's big banks is shrinking | Reuters

LONDON (Reuters) - The number of employees earning more than a million euros or pounds at Europe’s biggest banks fell sharply last year, another sign of the clout they have lost to U.S. rivals since the financial crisis.<p>File photo of the skyline of the banking district in Frankfurt, September 18, …

Investing

Top 5 TED Talks for Entrepreneurs

Those who know me know I’m rapidly becoming a fan of TED presentations, not only as the embodiment of “ideas worth sharing,” but as a format for presentation that would benefit every entrepreneur. Be sure to check out my prior article on fellow contributor Carmine Gallo and his book <i>Talk like TED</i> …

25 Inspirational Quotes By The Highest Performing CEO’s

Inspiration can come to us from a number of different sources, in a variety of different forms. Inspiration can be vital to us. It is what makes our …

7 Lessons I Learned From Chatting With The “$500 Million Man”

Recently I was able to interview Com Mirza, “The $500 Million Man”, partly for fun and partly to share to learn about how he’s been able to become so …

7 Traits of Likable CEOs | Inc.com

Whether you're in charge of a multinational corporation or you're the founder of a small startup, being a CEO is stressful. You're the final decision maker and cultural figurehead of your entire enterprise, responsible not only for securing the future profitability and existence of the company but …

Leadership

Warren Buffett's 23 Most Brilliant Insights About Investing

Buffett is undoubtedly the most successful investor in history. His investment philosophy is no secret, and he has repeatedly shared bits and pieces of it through a lifetime of quips and memorable quotes.<p>His brilliance is timeless, and we find ourselves referring back to them over and over again.<p>We …

How To Break Into The Upper Class

Fewer Americans now consider themselves 'middle class,' according to new numbers released by the Pew Research Center. The report says that in 2008, 72% of Americans considered themselves to be either middle class or upper-middle class. Today, however, that number has dropped to 57%. Worst of all, …

New Zealand dollar on track to parity with Australia thanks to booming economy

A resurgent economy has economists tipping the New Zealand dollar to reach parity with its Australian equivalent some time this year.<p>As Australia's …

The world's largest sailing news network; sail and sailing, cruising, boating news

Cowes Week hopeful of Ben Ainslie Racing’s £80 million British bid for America’s Cup

Ben Ainslie Racing’s £80 million British bid for the next America’s Cup is being held up but optimism is still high at Cowes Week<p>The campaign to raise funds for Ben Ainslie Racing’s £80 million British bid for the next America’s Cup is being hamstrung by delays over staging details, but a …

Sailing

Australian slang: Your favourite examples

<b>A recent Magazine article about the decline of Australian slang prompted readers to share some of their favourite expressions.</b><p>The piece, by Sydney correspondent Jon Donnison, looked at the huge contribution to "strine" made by Barry Humphries and terms originating in the country's legendary laddish …

Australia 108: 100-storey Southbank skyscraper approved by Victorian Government

Construction of the Australia 108 skyscraper, the first 100-storey building in the Southern Hemisphere, has been approved by the Victorian Government.<p>…

Rates set to stay on hold after annual inflation hits 3%

Cost of living climbs 0.5% in June quarter driven by increases in medical and hospital services, house prices and tobacco<p>Interest rates look set to stay on hold for months to come after the Australian Bureau of Statistics (ABS) reported that inflation has increased to 3%.<p>The cost of living rose …

Sydney and Melbourne going green despite uncertainty over future of Renewable Energy Target

Australia's biggest cities are setting ambitious targets to cut carbon emissions despite signs the Federal Government will wind back the Renewable …

Most Australian households not saving, retirees faring best: survey

Until the global financial crisis, Australia was a nation of spendthrifts.<p>The savings rate was typically less than 4 per cent, and households …

America's Cup: Team New Zealand one win away from capturing Cup after race postponed

Emirates Team New Zealand has moved to the brink of capturing the America's Cup with an eighth race victory in San Francisco before the potential …

America's Cup: Ben Ainslie's USA and NZ set for thrilling decider

34th America's Cup<p><b>Briton Sir Ben Ainslie and his Oracle Team USA are one win away from one of the great sporting comebacks as the America's Cup goes into a winner-takes-all final race on Wednesday.</b><p>America's Cup 2013 results<p><b>Race 18: Oracle Team USA</b> win by 54 secs• <b><br>Race 17: Oracle Team USA</b> win by 27 …

Tony Abbott bluntly rejects calls for residency rights for NZ migrants after meeting with PM John Key

Prime Minister Tony Abbott has bluntly rejected calls to give around 200,000 New Zealanders living in Australia greater access to citizenship, …

Sonny Bill Williams plans return to rugby union in 2015 for World Cup

<b>New Zealand dual-code international Sonny Bill Williams plans to return to rugby union in 2015 in time for the Rugby World Cup.</b><p>The 28-year-old recently turned down a three-year deal from New Zealand Rugby Union in favour of another year with rugby league side Sydney Roosters.<p>"I told the Roosters …

Magnitude 6.2 earthquake jolts New Zealand's North Island

A magnitude 6.2 earthquake has rattled the lower North Island of New Zealand, cutting power and reportedly causing rockfalls and building damage.<p>The …