Smartphone maker Xiaomi’s shares open 2.9 percent down on debut in HK
Chinese smartphone maker Xiaomi Corp’s shares dropped 2.9 percent on debut in Hong Kong on Monday, in a blow to investor sentiment for the tech sector as a raft of peers line up their own listings in the city.
Asia shares edge higher, sterling slugged by UK politics
Asian share markets crept higher on Monday following favorable U.S. jobs data, while sterling slipped after two members of the British government resigned over Brexit and put the future of Prime Minister Theresa May in doubt.
BOJ’s Kuroda expresses resolve to keep ultra-easy monetary policy
Bank of Japan Governor Haruhiko Kuroda on Monday stressed that the central bank would maintain its ultra-loose monetary policy until inflation hits its 2 percent target.
Third of sovereign funds plan to cut equity holdings, cite trade war fear
Over a third of sovereign investors plan to cut their equity exposure over the next three years after a strong run in 2017, citing trade wars, geopolitics and high valuations as headwinds to performance, a study by asset manager Invesco showed.
Asia shares tipped to firm, sterling hit by UK politics
Asian share markets looked set to bounce on Monday following favorable U.S. jobs data, while sterling slipped after a key member of the British government resigned over Brexit and put the future of Prime Minister Theresa May in doubt.
Paypal to spend $3 billion a year on M&A: CEO to German paper
PayPal Holdings Inc is on the lookout for further acquisitions following its recent takeover of iZettle, the Swedish fintech startup, for $2.2 billion, in the U.S. payments company’s biggest ever deal.
France says Europe united against U.S. tariffs as Germany eyes negotiation
The French government insisted on Sunday that Washington should expect united retaliation from Europe to further tariff increases after Germany signaled it was prepared to negotiate.
China’s COSCO Shipping wins U.S. security clearance for OOIL deal
China’s COSCO Shipping Holdings said on Sunday a key U.S. review body has cleared its planned $6.3 billion acquisition of shipping firm Orient Overseas International Ltd (OOIL) on security issues.
Europe to be united, strong if U.S. raises more tariffs: France
The United States can expect a strong and united response from Europe to any further tariff increases, French Finance Minister Bruno Le Maire said on Sunday, warning a trade war was already underway.
Huawei says does not expect U.S. sanctions: press
China’s Huawei, the world’s largest maker of telecommunication network equipment, does not see itself becoming the target of U.S. sanctions and will keep buying U.S. chips this year, one of its three rotating chairmen told a French newspaper.
