Asian shares edge up, yen jumps as BOJ trims bond buying
TOKYO (Reuters) – Asian shares pared gains on Tuesday, pulling away from the cusp of a record high, while the yen stole the currency spotlight and jumped after the Bank of Japan’s slight reduction to its bond purchases reminded investors that it will e…
Alibaba founder says will “seriously consider” HK listing
SHANGHAI (Reuters) – Alibaba Group Holding Ltd will “seriously consider” listing in Hong Kong, founder Jack Ma said, in response to an invitation from the financial hub’s leader asking the company to consider doing so.
Fund managers say bitcoin ETF proposals withdrawn due to SEC concern
NEW YORK (Reuters) – Two U.S. companies shelved proposals to launch bitcoin exchange-traded funds, citing ongoing concerns by the Securities and Exchange Commission (SEC), filings showed on Monday.
Samsung Electronics profit guidance misses expectations as won weighs
SEOUL (Reuters) – Samsung Electronics Co Ltd on Tuesday estimated a record fourth-quarter profit but the guidance fell short of market expectations as a strong won and one-off staff bonuses took the shine off surging DRAM chip prices.
Alibaba founder says to consider Hong Kong listing: SCMP
HONG KONG (Reuters) – Alibaba Group Holding Ltd will consider a listing in Hong Kong, the South China Morning Post reported the company’s founder Jack Ma as saying – remarks which follow the city’s decision to allow dual class share listings.
Asian shares, dollar steady, Nikkei rallies
TOKYO (Reuters) – Asian shares edged higher on Tuesday, approaching record highs after the S&P 500 extended its winning streak, while the dollar steadied against its major counterparts.
U.S. lawsuit says Wal-Mart deceived buyers of organic eggs
CHICAGO (Reuters) – Wal-Mart Stores Inc misled U.S. shoppers by selling organic eggs laid by hens raised in enclosed structures under package labels that said the birds had access to the outdoors, a federal lawsuit alleged on Monday.
IPhone addiction may be a virtue, not a vice for investors
NEW YORK (Reuters) – Apple Inc investors are shrugging off concerns raised by two shareholders about kids getting hooked on iPhones, saying that for now a little addiction might not be a bad thing for profits.
Samsung Electronics tips record fourth-quarter profit, misses expectations on strong won
SEOUL (Reuters) – Samsung Electronics Co Ltd on Tuesday estimated a 64 percent jump in fourth-quarter operating profit to a new record, but the guidance fell short of market expectations as the strong won and year-end bonuses dented profits.
S&P keeps New Year’s rally alive, Dow eases
(Reuters) – The S&P 500 extended its winning streak for 2018 on Monday although its advance slowed to a crawl as the healthcare and financial sectors weighed and investors awaited the start of the quarterly earnings season.
