Japan’s exports tumbled in July at the fastest pace since the financial crisis, weighed down by a strong yen and sluggish global demand. Exports slid 14% on-year, marking their tenth straight month of decline, while imports […]
Major banks in London have drastically revised down their 2017 forecasts in light of the Brexit vote, the Treasury reports. Barclays Capital and Nomura had each estimated growth of 1.9%, but Barclays now anticipates a […]
The world’s biggest manufacturer of personal computers, China’s Lenovo Group, reported that profit shot up 64%, to $173 million, for the quarter ended in June, outstripping the $130.1 million average of forecasts by analysts Reuters […]
Wall Street banks are preparing for initial public offerings to bounce back in the second half of this year, after a six-month slump. The success of IPOs from messaging app Line and cloud provider Twilio […]
Singapore posted a surprisingly sharp 10.6% drop in non-oil domestic exports for July amid a steep falloff in shipments to China and the US. The figures add to disappointing data and fears of an economic […]
Goldman Sachs estimates that the capital outflow from China is growing, with US$55 billion in July after US$49 billion in June. The Shenzhen-Hong Kong stock link could accelerate the flow, contributing to downward pressure on […]
Netflix (NASDAQ:NFLX) already had a deal in place in Enseo to incorporate the video-streaming service in a number of different hotels. On Wednesday, Netflix and Enseo, “an in-room entertainment systems integrator” that provides an entertainment […]
It was earlier reported that Cisco (NASDAQ:CSCO) may plan to lay off roughly 20% of its workforce, or approximately 14,000 employees, as it looks to slash its costs by 15%. According to the company though, […]
The construction of homes in the US rose to its highest level in five months in July, the Commerce Department said. With inexpensive financing and job creation stimulating sales, residential starts rose 2.1% to an […]
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