Asian stocks retreat as China’s growth slowdown deepens
Asian stocks fell on Thursday after soft economic data in China and Japan showed the trade war between Beijing and Washington hitting growth in some of the world’s biggest economies.
Billionaire Hikvision director named in Chinese disclosure probe
China’s securities regulator is investigating one of the country’s richest men for alleged violation of disclosure rules as a director of surveillance camera giant Hikvision , the company said.
SoftBank’s Yahoo Japan confirms merger talks with Line, shares jump
SoftBank’s Yahoo Japan, one of Japan’s top internet firms, confirmed it is in talks to merge with Line Corp , a $27 billion union that would bring the messaging app operator under the SoftBank umbrella as it expands e-commerce and payments services.
Stocks in cautious ranges ahead of China data, trade talk hopes fade
Asian stocks clung to tight ranges on Thursday as investors awaited key Chinese data for clues on how much the 16-month trade war between Beijing and Washington has hit growth in the world’s second-largest economy.
Reuters poll: Trade truce unlikely in 2020 but U.S. recession fears recede – economists
The U.S.-China trade war is unlikely to see a permanent truce over the coming year, and while concerns have eased over a U.S. recession, an economic rebound is also not expected any time soon, according to a Reuters poll of economists.
SoftBank’s Z Holdings confirms merger talks with Line
The Softbank-owned operator of search engine Yahoo Japan is in talks to merge with messaging app firm Line, a union that would create a group extending from retail to mobile payments in one of the biggest Japanese tech deals of the year.
Uber launches new safety features in UK as it fights for new license
Uber launched a set of new safety features in Britain on Thursday as it battles to retain its taxi operating license in the face of concerns about passenger safety.
WeWork losses widen to $1.25 billion amid record office space expansion
The We Company, owner of WeWork, said on Wednesday net losses in the third quarter more than doubled to $1.25 billion as the money-losing shared-office operator added a record number of desks to its global network but was unable to control rising cost…
Cisco forecast disappoints as global worries weigh on client spending
Cisco Systems Inc on Wednesday forecast second-quarter revenue and profit below expectations as increasing global economic uncertainties kept clients away from spending more on its routers and switches.
Key antitrust lawmaker frustrated with Google’s Fitbit deal
Lawmakers pressed top U.S. antitrust enforcers on their probes of tech giants Alphabet’s Google, Facebook, Amazon and Apple on Wednesday, with the chair of a House subcommittee expressing frustration over the companies’ continued acquisitions.
