StanChart annual profit rises 46%, misses estimates

StanChart annual profit rises 46%, misses estimates
FILE PHOTO: A logo of Standard Chartered is displayed at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip/File Photo HONG KONG/LONDON (Reuters) – Standard Chartered (STAN.L) on Thursday posted a 45.5% rise in annual profit, weathering the economic fallout from global trade tensions and political protests in Hong Kong with revenue growth in its main... Read More

Asian stocks slide deeper as pandemic fears grow

Asian stocks slide deeper as pandemic fears grow
SINGAPORE (Reuters) – Oil and Asian share markets extended losses on Thursday as the rapid global spread of the coronavirus kept investors on edge and seeking safety in gold and bonds. FILE PHOTO: A man wearing a surgical mask walks past a screen showing Shanghai Composite index and Nikkei index outside a brokerage in Tokyo, Japan February 3, 2020. REUTERS/Kim... Read More

China’s CATL aims to raise $2.85 billion for EV battery projects

China’s CATL aims to raise $2.85 billion for EV battery projects
A sign of Chinese battery maker Contemporary Amperex Technology Ltd (CATL) is seen on its building in Ningde, Fujian province, China August 8, 2018. Picture taken August 8, 2018. REUTERS/Stringer BEIJING (Reuters) – CATL (300750.SZ), China’s top electric vehicle battery maker, said it aims to raise up to 20 billion yuan ($2.85 billion) in a private placement of shares to... Read More

Coronavirus clouds Apple’s timeline for new iPhones

Coronavirus clouds Apple’s timeline for new iPhones
SAN FRANCISCO/TAIPEI (Reuters) – Travel restrictions to China because of the coronavirus have come just as Apple Inc’s engineers usually jet off to Asia to perfect the production of this fall’s new iPhones, former employees and supply chain experts told Reuters. FILE PHOTO: People wearing protective masks wait for checking their temperature in an Apple Store, in Shanghai, China, as... Read More

Delta cutting flights to South Korea; JetBlue waives U.S. change fees

Delta cutting flights to South Korea; JetBlue waives U.S. change fees
WASHINGTON (Reuters) – Delta Air Lines Inc (DAL.N) said on Wednesday it would temporarily cut flights to and from South Korea, citing global health concerns related to the coronavirus outbreak as U.S. airlines grapple with lagging travel demand. FILE PHOTO: Delta airlines logo is seen inside of the Commodore Arturo Merino Benitez International Airport in Santiago, Chile April 25, 2019.... Read More

Asian stocks extend losses as pandemic fears grow

Asian stocks extend losses as pandemic fears grow
SINGAPORE (Reuters) – Oil and Asian share markets slipped on Thursday, struggling to find a footing as the rapid global spread of the coronavirus left investors on edge and seeking safety in gold and bonds. FILE PHOTO: A man wearing a surgical mask walks past a screen showing Shanghai Composite index and Nikkei index outside a brokerage in Tokyo, Japan... Read More

Alphabet still facing questions over data use in its Toronto smart city project proposal

Alphabet still facing questions over data use in its Toronto smart city project proposal
FILE PHOTO: A Google logo is displayed at the entrance to the internet based company’s offices in Toronto, Ontario, Canada September 9, 2018. REUTERS/Chris Helgren TORONTO (Reuters) – Alphabet’s proposed “smart” city development in Toronto is facing fresh questions over the project’s data-gathering technology from a panel advising the Canadian government-mandated body in charge of getting it built. Alphabet subsidiary... Read More