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Youzu Interactive Co., Ltd, a web and mobile game platform in China, will invest CNY538 million to acquire the entire stake in Guangzhou Zhangtao Network Technology Co., Ltd...
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BlondieNews, 12 April 2015, 06:11
Express Mobile, an information technology company in the U.S., has sued China's Alibaba for patent infringement...
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BlondieNews, 11 April 2015, 06:11 #Alibaba
According to a recent survey conducted by Bankrate.com, a personal finance site, just 26% of people under 30 are investing in stocks. That’s compared with 58% of people between the ages of 50 and 64...
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News, 10 April 2015, 16:54 #investing, stocks
The company's net profit was CNY27.9 billion, which was about USD4.5 billion, a year-on-year increase of 32.7%. By business lines, Huawei's carrier business revenue was CNY192.1 billion, a year-on-year increase of 16.4%; its enterprise business revenue was CNY19...
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BlondieNews, 10 April 2015, 09:11
Hon Hai said that the joint venture will first provide information technology services to Hon Hai's plants in mainland China and offer integrated security systems to other companies in mainland China...
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BlondieNews, 10 April 2015, 03:11
According to Deutsche Bank analysts, changes in how banks gauge the risk of losses on their assets may lead Credit Suisse Group AG’s incoming Chief Executive Officer Tidjane Thiam to further shrink its investment bank...
Banks
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News, 9 April 2015, 16:07
According to this final agreement Capitalhold Limited will pay USD3.55 per ordinary share, which is USD7.10 per ADS, to Shanda Games. Calculating by this price, the valuation of Shanda Games will reach about USD1.9 billion...
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BlondieNews, 9 April 2015, 15:11 #stock market
The biggest onshore oil discovery in the last three decades has been made in the land near Gatwick Airport. UKOG now hopes to meet 10-30% of UK oil demand by 2030, says the Independent...
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News, 9 April 2015, 13:03 #crude oil
On Thursday Greece repaid €450m it owed the International Monetary Fund. Bond yields slid as markets showed relief it had met its deadline...
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News, 9 April 2015, 12:44 #Troika, IMF
On Thursday Ant Financial Services Group, a financial affiliate of Alibaba Group Holdings, launched an index tracking mainland-China-listed stocks based on their e-commerce activities...
Company News
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News, 9 April 2015, 10:55 #Alibaba, stocks, China
Nokia Networks, previously known as Nokia Siemens Networks, announced its adjustments to its global customer operation structure. The new customer operation were formed by seven major regional markets, including Greater China, effective on April 1, 2015...
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BlondieNews, 9 April 2015, 03:11
Chinese telecom device maker ZTE published its performance report for 2014, stating that its operating revenue reached CNY81.47 billion, a year-on-year increase of 8.3%; its net profit attributable to shareholders was CNY2...
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BlondieNews, 8 April 2015, 18:11
Historic oil and gas deal, Greek prime minister visiting Moscow, European stocks surging - below are listed the main things market players discuss today...
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News, 8 April 2015, 16:36 #Stoxx Europe 600, stocks
As Alexis Tsipras has arrived in Moscow with a visit many consider highly controversial, a Greek government official has insisted the prime minister will not be seeking financial aid from Russia...
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News, 8 April 2015, 14:19
Iran has been approved as a founding member of the Beijing-led Asian Infrastructure Investment Bank (AIIB). The decision was made by existing members, including China, Britain, France, India and Italy, Reuters says...
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News, 8 April 2015, 09:13
China’s economy, the second largest in the world, is increasingly powered by technology — just like the rest of us. But because China essentially has two Internets, its tech companies have had relatively unchallenged access to 632 million (and growing) Internet users...
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Francis Dogbe, 7 April 2015, 18:49
Though the details remain sketchy as to whether it was a robbery — stealing when people are there — or a burglary — stealing when they are not, the first U.S. bank robbery of note was recorded on March 19, 1831, and involved a theft from the City Bank of New York in the sum of $245,000...
Banks
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Francis Dogbe, 7 April 2015, 18:40
The Confederation of British Industry (CBI) estimated that Britain's economy expanded by 0.7% in the three months to March, up from 0.6% in the previous quarter. Business lobby group also said growth would probably intensify in the current quarter...
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News, 7 April 2015, 12:47 #economy news
Plunging oil prices and a stronger dollar are pushing down U.S. corporate profits for the first time since 2009...
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News, 6 April 2015, 16:35 #S&P 500, crude oil
On Monday New York Federal Reserve President William Dudley said that a stronger dollar is shocking for the economy, and that lower oil prices exert a "meaningful drag" on the US economic growth because of lower investment in the vibrant domestic energy industry...
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News, 6 April 2015, 16:08 #forex news, Fed, EUR/USD