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Asia

Xiaomi eyes a giant Chinese IPO

Xiaomi eyes a giant Chinese IPO
The world’s fourth-largest smartphone-maker may achieve an $80bn valuation.IN CHINA no company achieved $1bn in annual revenue as quickly as Xiaomi did, in the year following the launch of its first smartphone in 2011. Chinese media initially nicknamed Xiaomi ...

Japan's economy shrinks for first time in two years

Japan's economy shrinks for first time in two years
Japan's economy shrank in the first quarter of 2018 for the first time in two years, ending the longest stretch of economic growth since the 1980s. The world's third biggest economy contracted at an annualised rate of 0.6%, official data showed. Expectations...

Oil prices hit highest in years as markets adjust to looming sanctions on Iran

Oil prices hit highest in years as markets adjust to looming sanctions on Iran
SINGAPORE (Reuters) - Oil prices clocked up more multi-year highs on Thursday as traders adjusted to the prospects of renewed U.S. sanctions against major crude exporter Iran amid an already tightening market.The United States plans to impose new sanctions ...

China hits back with tariffs on US imports worth $3bn

China hits back with tariffs on US imports worth $3bn
China has imposed tariffs of up to 25% on 128 US imports, including pork and wine, after US President Donald Trump raised duties on foreign steel and aluminium imports in March. The tariffs affecting some $3bn (£2.1bn) of imports kick in on Monday. Beijing ...

Global stocks slide, Treasuries and yen up on geopolitical tensions

Global stocks slide, Treasuries and yen up on geopolitical tensions
By Nichola Saminather | SINGAPOREAsian stocks fell in choppy trade on Tuesday as the political tinderbox in the Middle East and the Korean Peninsula added to uncertainty over the looming French vote, pushing edgy investors into safer assets such as...

Who's behind the blog

Who's behind the blog

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