- 2019-01-23 21:48:40Z
BEIJING/HONG KONG (Reuters) - China's Huawei Technologies Co Ltd said on Thursday its consumer business sales exceeded a record $52 billion in 2018, on strong demand for its premium smartphones, even as it continued to face heightened global scrutiny of its activities. The jump of around 50 percent in the technology giant's consumer business revenue saw that unit replace its carrier business as its largest segment by sales, Richard Yu, the head of the consumer division, said in Beijing. The firm has been using its chipsets in its high-end phones and server products, though it has said it has no intention to become a standalone semiconductor vendor that competes against the likes of...
Potential U.S. sanctions on Venezuela's crude oil exports would cut off the nation from Gulf Coast refiners that are among its biggest customers, likely forcing it to send more crude to China, India or other Asian countries, traders said on Wednesday. U.S. refineries that depend on Venezuela's heavy crude would have even more trouble securing supplies as Canadian and Mexican crudes are often not as discounted and are limited in availability. The United States is considering moves to cripple Venezuela's oil shipments, which account for nearly all of the country's exports, in response to the reelection of President Nicolas Maduro that was widely viewed as a sham.
With street protests against Maduro under way across Venezuela, President Donald Trump said the United States recognized Juan Guaido, head of the opposition-controlled National Assembly congress, as the country's leader and called socialist Maduro's government "illegitimate." In response, Maduro said he was breaking diplomatic relations with the United States and giving U.S. embassy personnel 72 hours to leave Venezuela. The United States, however, rejected Maduro's move to cut ties, saying it did not think he had the authority to sever ties and it would conduct relations with a government led by Guaido. A senior U.S. official, speaking on condition of anonymity, warned Maduro and his...
KMB earnings call for the period ending December 31, 2018.
Australia on Thursday demanded China handle the case of detained author Yang Hengjun "transparently and fairly," amid a growing row about the fate of the Chinese-Australian. Yang -- a novelist, democracy advocate and former Chinese diplomat -- was detained shortly after he made a rare return to China from the United States last week. Friend and colleague Chongyi Feng told AFP he believes Yang is being charged with "espionage" although Chinese authorities have not publicly said why he was detained.
These three metrics show how Wayfair is paving the way for dominance in the home goods market.
Lazy mornings. Sandy beaches. The joyful noise of grandchildren playing.
If you are looking to generate income from the energy space, Enbridge and Enterprise should both be on your short list. Which is better?
Despite substantial profits, the streaming video giant has better uses for its cash.
After being disinvited from giving his State of the Union address on the House floor, President Trump is scouting for a new venue to give the annual address.
F earnings call for the period ending December 31, 2018.
NXGN earnings call for the period ending December 31, 2018.
NVIDIA had a terrible, no-good 2018, but 2019 looks to be much better. Here's why.
It recovered all those losses and was trading 0.5 percent higher as of 10:43 a.m. in Singapore. "Looking at the price recovery, it looks like a fat finger at the moment until we have more updates," said Marc Tan, a research analyst at KGI Securities Pte. The group is aware of that an electronic trading error occurred and that "the exchange should have now stepped in to sort out the issues," Jessie Tsui, a spokesperson for the conglomerate, said by e-mail.
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1 percent. Australian shares were flat while Japan's Nikkei was last down almost half a percent after moving between positive and negative territory. China's blue-chip CSI300 shed 0.3 percent while Hong Kong's Hang Seng Index gave up two-tenths of a percent.
CTXS earnings call for the period ending December 31, 2018.
From centre-stage in Davos last year, President Donald Trump told the world's corporate bosses that America is a great place to invest. Foreign direct investment to the United States fell in 2018, and companies gathered at the World Economic Forum in the Swiss Alps this year say they are worried Trump's trade war with China will dampen the global economy and business investments even further. One key complaint here this week: Companies increasingly reliant on consumers in China have had to lower their earnings outlooks as the world's second-largest economy cools.
PTC earnings call for the period ending December 29, 2018.
AZPN earnings call for the period ending December 31, 2018.
Torrent Pharmaceuticals said six more lots of losartan potassium and hydrochlorothiazide tablets contain trace amounts of a probable human carcinogen.
The media giant just acquired Pluto TV. Here's what investors need to know.
FFIV earnings call for the period ending December 31, 2018.
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Historically, Chen Hsong Holdings Limited (HKG:57) has Read More...
SYDNEY (Reuters) - Oil prices steadied on Thursday, but concerns over global growth and a sharp rise in U.S. stocks kept the market under pressure.
TCBI earnings call for the period ending December 31, 2018.
A look at the shareholders of Subex Limited (NSE:SUBEX) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual to Read More...
Overseas woes are just part of the story.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...
Today we'll look at Victory City International Holdings Limited (HKG:539) and reflect on its potential as an investment. To be precise, we'll consider its Return On Capital Employed (ROCE), as Read More...
SMBC earnings call for the period ending December 31, 2018.
Her train journey from Sweden took 32 hours, but Greta Thunberg is not tired. The teenager is dead-set in her mission to persuade the global elite in Davos to take climate action. The 16-year-old has galvanised protests by schoolchildren around the world, after delivering a fiery speech to world leaders at last month's UN climate talks in Poland.
Today we'll look at Wong's Kong King International (Holdings) Limited (HKG:532) and reflect on its potential as an investment. In particular, we'll consider its Return On Capital Employed (ROCE), as Read More...
NVEC earnings call for the period ending December 31, 2018.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The flip side of that is that there are more Read More...
SAN FRANCISCO (AP) - Proposals by a U.S. judge to prevent Pacific Gas & Electric Co. equipment from causing more wildfires would endanger lives, could cost as much as $150 billion and would interfere with the work of federal and state regulators, the utility said Wednesday in a court filing urging the judge not to impose the measures.
This was testimony, obtained by ABC News "Nightline," that has never been broadcasted until now. "Did it concern you that a number of tests weren't working on Theranos' devices?" an SEC attorney asked Holmes. "I know that we made mistakes," Holmes replied.
Texas Instruments Inc (TXN.O), Xilinx Inc (XLNX.O) and Lam Research Corp (LRCX.O) posted quarterly results on Wednesday that reassured investors concerned about U.S.-China trade tensions, sparking a microchip industry stock rally after hours. Dallas-based Texas Instruments TI missed Wall Street's estimates for quarterly revenue but beat on profit. Investors were fearing worse performance amid warnings of a slowing smartphone market from Apple Inc (AAPL.O).
Kang and his wife say children are too expensive and bring too much pressure. South Korea's pet industry is booming, fueled by the same factors that have made the country's birth rate, at 1.05 births per woman, the lowest in the world: the high cost of education and housing as well as extremely long working days. "Social pressures in South Korea are such that parents are required to provide resources for decades from private schooling to tutoring to art classes," said Kang, a 39-year old manager of a pet funeral home.
A group of 118 mostly Guatemalan migrants scaled the 18-foot-tall border fence on Monday night near Yuma with the help of smugglers using a ladder.
California power company PG&E Corp (PCG.N), which expects to soon file for bankruptcy, said on Wednesday it would cost between $75 billion and $150 billion to fully comply with a judge's order to inspect its power grid and remove or trim trees that could fall into power lines and trigger wildfires. PG&E in a filing at U.S. District Court in San Francisco said it could not on its own afford the work proposed in a Jan. 9 order by U.S. District Judge William Alsup, who is overseeing conditions of the company's probation following a 2010 gas pipeline explosion. To pay for the proposed work, PG&E said it would have to pass the bill to ratepayers who get their power from the utility company's...
California power company PG&E Corp , which expects to soon file for bankruptcy, said on Wednesday it would cost between $75 billion and $150 billion to fully comply with a judge's order to inspect its power grid and remove or trim trees that could fall into power lines and trigger wildfires. PG&E in a filing at U.S. District Court in San Francisco said it could not on its own afford the work proposed in a Jan. 9 order by U.S. District Judge William Alsup, who is overseeing conditions of the company's probation following a 2010 gas pipeline explosion. To pay for the proposed work, PG&E said it would have to pass the bill to ratepayers who get their power from the utility company's nearly...
Is the video game retailer actually an undervalued income stock?
Reports that recalled-and unpaid-Internal Revenue Service workers are being granted hardship leaves suggest that tax-time staffing will be lower than normal, and you could wait longer for your re...
SEOUL, South Korea (AP) - Adam Crapser lives in limbo, a stranger in South Korea, the country of his birth.
"If you're trying to attract people with sugar you shouldn't pour vinegar on top of it," Newt Gingrich, the former House speaker and a Trump ally, said Wednesday.
US President Donald Trump's administration on Wednesday said it would grant a waiver to a South Carolina ministry so it can continue to participate in a federally-funded foster care program despite refusing to work with non-Christian families. "The government should not be in the business of forcing foster care providers to close their doors because of their faith.
The meeting will start at 0900 GMT and consider the proposed appointment of outgoing Michelin boss Jean-Dominique Senard as chairman and the promotion of Ghosn's deputy Thierry Bollore to CEO, three sources familiar with the matter have told Reuters. The decision, two months after Ghosn's Nov. 19 arrest and swift dismissal as Nissan chairman, turns a page on his two decades at the helm of the partnership he transformed into a global carmaking giant, following Renault's acquisition of a near-bankrupt Nissan in 1999. Ghosn has been charged with failing to disclose more than $80 million in additional Nissan compensation for 2010-18 that he had arranged to be paid later.
Today we'll evaluate Southern Cross Electrical Engineering Limited (ASX:SXE) to determine whether it could have potential as an investment idea. Specifically, we're going to calculate its Return On Capital Employed Read More...
The Saudi Arabian sisters whose bodies were found taped together along the Hudson River in October committed suicide, a medical examiner determined.
Today we'll look at Galaxy Surfactants Limited (NSE:GALAXYSURF) and reflect on its potential as an investment. Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes Read More...