Huawei tests smartphone with own operating system, possibly for sale this year: Chinese state media
Huawei Technologies Co Ltd is testing a smartphone equipped with Hongmeng, the company’s self-developed operating system, which could potentially go on sale by the end of this year, Chinese state-media outlet Global Times reported.
Asian shares hit two-month lows as escalating Sino-U.S. trade row unnerves markets
Asian shares extended their losses on Monday as a sharp escalation in the Sino-U.S. trade war kept finiancial markets on edge, while the Japanese yen and bonds held near recent peaks as nervous investors stuck with perceived safe havens.
Japan service sector growth eases on tempered optimism, job creation: PMI
– Activity in Japan’s services sector expanded again in July, albeit at a fractionally slower pace than the previous month, a revised survey showed on Monday, indicating resilient domestic demand despite signs of a loss of momentum.
HSBC announces surprise exit of CEO Flint, up to $1 billion buyback
HSBC on Monday announced the surprise departure of Chief Executive Officer John Flint, saying the bank needed a change at the top to address “a challenging global environment”, even as it posted a 16% rise in half-yearly profit.
South Korea to spend $6.5 billion on R&D to cut reliance on Japanese imports
South Korea on Monday announced plans to invest about 7.8 trillion won ($6.48 billion) in research and development for local materials, parts and equipment over the next seven years in an effort to cut the reliance on Japanese imports.
Fox Corp to take over lender Credible Labs for $397 million
U.S.-based consumer lender Credible Labs Inc said on Monday it had agreed to be bought out by broadcaster Fox Corp for about A$585 million ($397 million).
HSBC first-half profit rises 16%, announces $1 billion buyback
HSBC reported on Monday its first-half pretax profit rose 15.9% and announced a further buyback of $1 billion, defying some analysts’ expectations it might pause its strategy of returning extra capital to investors.
HSBC says CEO John Flint to step down
HSBC on Monday announced the surprise departure of its Chief Executive Officer John Flint, 51, saying the bank needed a change at the top to address “a challenging global environment.”
As Japan frets about dearth of AI talent, Daikin develops own program
There’s a sense of panic within Japan Inc and the government – the world’s No. 3 economy doesn’t have enough experts in artificial intelligence and it’s time to do something about it.
Fiat Chrysler CEO: We’ll talk alliances, but we can go it alone
Fiat Chrysler Automobiles Chief Executive has a message for Renault SA and other would-be partners: We are happy to talk, but we can go it alone.
