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Markets

Promotions and patriotism: ‘Battle Mode’ Huawei sees China smartphone sales surge

When 23-year-old Chinese student Aaron Huang started his hunt for an Android replacement for his Apple iPhone in April this year, it was clear which brand was trying hardest to win him over.

Markets

Papua New Guinea says vast gas project to go ahead

Papua New Guinea says a multi-billion liquified natural gas (LNG) project will go ahead despite initial misgivings from new Prime Minister James Marape over the terms of the deal, prompting relief among investors.

Markets

KKR buyout at Axel Springer clears minimum acceptance threshold

KKR's offer to buy out minority shareholders in Axel Springer has cleared its minimum acceptance threshold of 20per cent, both firms said on Monday, bringing a plan to take the German publisher private closer to completion.

Markets

SoftBank Corp first-quarter profit climbs 4per cent as mobile user numbers grow

Japanese telco SoftBank Corp said on Monday its operating profit in the quarter ended June rose 4per cent, in line with estimates, as the number of mobile users grew.

Markets

Elliott urges Scout24 to sell car listings arm, increase buyback

U.S. activist investor Elliott urged German classifieds group Scout24 on Monday to sell its car listings division and ramp up a share buyback program to boost returns to investors.

Markets

Murdoch’s Fox Corp to buy fintech Credible Labs in US$397 million deal

U.S.-based consumer lender Credible Labs Inc said on Monday it had agreed to be bought out by broadcaster Fox Corp for about AUS$585 million (US$397 million).

Markets

Cloudflare terminates 8chan as customer on ‘hate-filled’ content

SAN FRANCISCO: US cyber security firm Cloudflare on Monday (Aug 5) said the company will terminate online message board 8chan as its customer after a shooter used the messaging forum just before killing 20 people at a Walmart store in El Paso, Texas on Saturday. The shooter is believed to...

Markets

MAS consultation paper sets out new requirements to curb market abuse

THE Monetary Authority of Singapore (MAS) is seeking to impose new requirements on financial institutions (FIs) in Singapore to improve controls and facilitate investigations in market abuse cases.

Markets

Cloudflare terminates 8chan as customer on ‘hate-filled’ content – CEO

U.S. cyber security firm Cloudflare on Monday said the company will terminate online message board 8chan as its customer after a shooter used the messaging forum just before killing 20 people at a Walmart store in El Paso, Texas on Saturday.

Markets

Subaru first-quarter profit climbs 48per cent on strong US SUV sales

Subaru Corp reported a 48per cent increase in first-quarter operating profit on Monday as global sales grew, led by demand for the Ascent and Forester SUVs in the United States.

Markets

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