Milberg Factors: Family Factoring Business Turned NYC Institution

Xiaomi founder Lei Jun’s endorsement, nationalistic fervour lift sales of Chinese sportswear firm Hongxing

Interview with Forte 1 Technology’s Jacob Anderson, innovator of modern algorithmic trading systems

SK, Joyvio Group to create 100 billion won alternative food fund

SK and Joyvio will invest in alternative foods, such as plant-based meat and fermented protein. SK Inc. will invest 18 billion won in a team-up with Chinese food company Joyvio Group to create a 100 billion won fund to invest in alternative foods, such as plant-based meat and fermented protein. The remaining amount in the […]

US firm HAAH eyes bringing SsangYong Motor SUVs, pickups to US, Canada

HAAH is looking to bringing Ssangyong’s SUV models and pickup trucks to the US and Canada. US-based vehicle importer HAAH Automotive Holdings Inc. is set to submit its letter of intent to acquire SsangYong Motor Co. by Friday, looking to bringing the carmaker's SUV models and pickup trucks to the US and Canada. SsangYong's Indian parent […]

Google designates stability-assured Enterprise APIs

Google is vowing greater stability for newly designated Google Enterprise APIs, which include a majority of its APIs across Google Cloud, Google Workspace and Google Maps Platform. The technology giant is implementing more stringent requirements governing how and when it makes changes to those Google-built APIs, and it’s putting the onus on itself to carry […]

ANZ IoT spending to reach US$14.3 billion: IDC

Internet of Things (IoT) spending in Australia and New Zealand is set to reach more than US$14.3 billion this year, according to research from IDC. According to the research firm’s Worldwide Semiannual Internet of Things Spending Guide, the ANZ IoT market will gradually and steadily recover in 2021 and will have a compound annual growth […]

ArchTIS finalises Nucleus Cyber acquisition

ASX-listed cybersecurity vendor ArchTIS has completed its acquisition of managed services provider Nucleus Cyber after 10 months. The $9.75 million deal was first announced in October 2020 to help establish a US presence for ArchTIS as the company looks outward to become a global player. Nucleus Cyber is a Microsoft, Dropbox and Nutanix partner that […]

China’s surging yuan allows Beijing greater financial flexibility, creating capital markets ‘too big to ignore’

A trade weighted index looking at the value of China’s yuan climbed to a five-year high last week, and analysts expect the currency to remain at elevated levels in the foreseeable future as the government allows greater flexibility and tries to remove distortions in the economy. A simulated CFETS RMB basket index, which measures the […]

‘Space philanthropy’ of Jeff Bezos and Elon Musk is less impressive than down-to-earth visions

With over 2,700 billionaires worldwide, controlling at least US$13.1 trillion in wealth, and an estimated 260,000 philanthropic foundations sitting on around US$1.5 trillion in charitable funds, we arguably find ourselves in an age of unprecedented inequality, and unprecedented philanthropy. Philanthropic giving has a massive impact on governments and global policymaking. Whether for better or worse […]

Delta variant raises global exposure to ‘political risk’ and economic slowdown, report finds

The Delta variant of the coronavirus, when factored together with a number of persistent economic issues being seen throughout the world, could lead to both political risks and greater social pressures, a new assessment has found. Fresh lockdowns, enduring unemployment in a number of countries, and higher commodity prices resulting from fiscal stimulus measures are […]

Top Notch Jerky recalls beef jerky products over undeclared allergens

Photo by: Top Notch Jerky/Facebook Top Notch Jerky issued a recall on its popular beef jerky products due to undeclared allergens and misbranding. According to ABC13 WBKO, the company is recalling around 107 pounds of ready-to-eat beef jerky. Top Notch Jerky explains the misbranding issue The announcement came on Sunday, July 25, and this was […]

South Korea’s instant noodle exports hit new record-high during the pandemic

Photo by: Edanur Ağaç/Unsplash South Korea is a country where instant noodles are very much loved by its citizens. In fact, there is no home in the country that does not have even a pack of instant noodles that they called “ramyeon.” New record for the export of Korean instant noodles Now, Yonhap News Agency […]

Bright Smart Securities takes out newspaper ads calling for Hong Kong stock exchange to stay open during typhoons, heavy rain

One of the largest retail stockbrokers in Hong Kong has taken out advertisements in three Chinese language newspapers urging the local stock market to remain open when bad weather strikes. By placing full-page ads in Sing Tao Daily, the Hong Kong Economic Times, and a smaller one in the Oriental Daily News on Monday, Bright […]

Australia’s Lorna Jane activewear fined AU$5 million over false COVID-19 claims

Photo by: Lorna Jane/Facebook Lorna Jane, an Australian activewear company, was recently fined AU$5 million after claiming that its new line of active clothing can stop the spread of COVID-19. The firm said that its clothing could eliminate the virus, thus preventing its spread. According to BBC News, Lorna Jane released advertisements that say it […]

Cheerios, Harley-Davidson, Kimberly Clark, and other US companies are raising prices

Photo by: Joseph Keyser/Unsplash Cheerios, Harley-Davidson, Kimberly Clark, and Whirlpool are just some of the companies in the United States that are raising the prices of their products. The price increases were said to be due to higher costs of materials as well as rising gas prices. The current inflation rate in the U.S. is […]

Coronavirus exposes cracks in Hongkongers’ retirement planning as health care costs and weak savings dominate worries, EIU survey finds

The Covid-19 pandemic has left most working adults in Hongkong fearing for their financial position and readiness for retirement, according to a survey by the Economist Intelligence Unit commissioned by HSBC Life Insurance. Some 98 per cent of Hongkongers expressed worries about ageing in the city, with medical and health care costs, insufficient savings and […]

China Gas board members take US$3 million remuneration cut to compensate victims of deadly Hubai gas pipe explosion

The board of China Gas Holdings has announced it will give up nearly half of its members’ earnings to compensate victims and their families after a deadly gas explosion in Hubei province last month caused by the rupturing of corroded gas pipes. The board, consisting of five executive directors, two others with non-executive roles and […]

A US-China-Europe trade deal is what financial markets need

There are many potential problems still weighing on global recovery, clouding the outlook for world financial markets in the coming months. The relentless spread of Covid-19 variants, slower global growth, the resurgence of inflation and uncertainty surrounding future policy responses from governments and central banks are compounding the problems facing investors hoping to get out […]

AMarkets: Growing Forex Broker In Nigeria

Forex trading has become extremely popular recently. It is an excellent source of extra income. If you live in Nigeria and think about trying your hand at trading, the first thing you need to do is to pick a trustworthy brokerage company. Among the key criteria when choosing a broker is its presence in your […]

GM, Cruise filed a lawsuit against Ford for alleged ‘BlueCruise’ copyright infringement

Photo by: General Motors/Facebook GM and its subsidiary Cruise LLC have sued Ford Motor over the use of the “BlueCruise” name that refers to the hands-free driving technology. The filing of the lawsuit was revealed on Saturday, July 24. Copyright infringement claims According to CNBC, General Motors released a statement after midnight on the said […]

Kia halts operations in its Sohari plant due to COVID-19 infections

Photo by: Kia/Facebook Kia Motors announced on Sunday, July 25, that it had suspended the works in one of its plants in South Korea. Starting on Monday, the company’s Sohari plant will temporarily cease operations as the number of COVID-19 infected workers has grown. Fear of COVID-19 outbreak As per the Yonhap News Agency, dozens […]

Will Covid Loan Fraud Cost Taxpayers a Fortune?

In 2020-2021, many businesses applied for generous government loans to avoid bankruptcy. While the loans helped many companies stay in business, they do have a dark side. Many people may have obtained loans fraudulently, and many businesses may never pay the money back. It is likely that a lot of – possibly half of – […]

Factors Influencing The Price of Bitcoin

How much do you think one Bitcoin is worth today? That is a question of much discussion among Bitcoin traders and other enthusiasts across the globe. Its extremely high volatility implies that Bitcoin's price can skyrocket within a few hours. This is a quality that professional traders really appreciate. Since its inception, Bitcoin has had […]

Frito-Lay union workers end strike after 20 days

Photo by: Frito-Lay/Facebook Frito-Lay’s union workers have been on strike for three weeks, and it finally ended last weekend. The striking workers were from the snack maker’s Topeka, Kansas plant, and hundreds have joined the protest. After ratification on a revised contract, the workers stopped the strike, and this was confirmed on Saturday, July 24. […]

US$5.8 billion sell-off not the end for China’s battered tutoring stocks as investment banks rush to cut price targets

Even after the US$5.8 billion rout that dealt a blow to some 15 companies from TAL Education to New Oriental Education and Technology Group, China’s after-school tutoring stocks probably have further to drop. Investment banks have rushed to cut their recommendations and price targets on the tutoring sector after Beijing unveiled tough new rules to […]

How Watch Trading Co. Puts Its Customers First in New Retail Venture

As the effects of the coronavirus pandemic caused many businesses worldwide to shutter their doors for good, the lucky companies left standing were forced into survival mode and given one option: adapt or die. For respected luxury timepiece wholesaler Watch Trading Co., accommodating to the new normal meant looking outside its niche selling mass merchandise […]

Ingram Micro flags massive price hikes on refurbished Cisco kit

Ingram Micro has revealed that some refurbished Cisco products in its product list will see price increases of up to 13,555 percent effective next month as part of the vendor’s monthly price updates. In a communication to resellers sighted by CRN, the distributor disclosed that prices of certain Cisco products will increase from 7 August […]

Vocus hires Orange Business Services MD Kevin Griffen as enterprise, Govt GM

Vocus has hired Orange Business Services’ Kevin Griffen as its new enterprise and government boss. Based in Melbourne, Griffen replaces Julia Walsh, who left the company in May to join Uniti Group. In his new role as general manager for enterprise and state government, Griffen is responsible for Vocus’ enterprise and state government sales teams […]

Cyber Distribution inks Peakhour.io distie deal

Cyber Distribution has secured a deal with Australian website optimisation and security vendor Peakhour.io to distribute the company’s products in Asia Pacific. Sydney-based Peakhour.io offers website optimisation, image optimisation, dynamic content caching, a content delivery network (CDN), SSL certificates, web application firewalls, rate limiting, bot management, DDoS protection and load balancing. The Sydney-based company has […]

What it’s like to start a new fixed wireless distie in 2021

In March of 2021, a year notable for component shortages, pandemic lockdowns and ever-increasing distie M&A activity, Leighton Reid made the decision to start up a brand new fixed wireless distie, Zero One Distribution. Reid was formerly an account manager at Streakwave Wireless Distribution and currently works with Bluechip Infotech as fixed wireless solutions manager […]

Hong Kong stocks sink as tech sell-off continues after China unleashes new measures against Tencent, private education firms

Hong Kong stocks sank as a sell-off in Chinese technology stocks persisted after China unleashed a new round of regulatory tightening against private education companies and punished Tencent Holdings’s music-licensing business. The Hang Seng Index plunged 2.6 per cent to 26,616.50 as of 9.41am local time. The benchmark fell 2.7 per cent last week after […]

Why Japan is unable to arrest its economic decline, despite a weak yen

Kazuo Ishiguro’s poignant novel, The Remains of the Day, is all about genteel decline and that is perhaps a good way to describe the current state of Japan (the land of Ishiguro’s birth) as it slides into a sustained economic decline with the full impact being masked by a weak yen. As JPMorgan’s Tohru Sasaki […]

BlackRock uses voting might against independent directors as overstays intensify in Asia-Pacific

Too many non-executive independent directors in Asian companies have overstayed, and risk losing their objectivity in boardrooms and becoming a liability to shareholders, according to BlackRock, the world’s biggest money manager. This has prompted BlackRock to vote against the election of 1,448 independent directors in 819 listed companies in Asia-Pacific in the 12 months to […]

No love for China stocks as sell-off unites UBS, BlackRock in rearguard action against Beijing policy and regulatory hawks

Chinese stocks, among the world’s top laggards, are not getting back in favour any time soon for some money managers, as policy hawks in Beijing send the market into another punishing month. From a US$600 billion sell-off in technology stocks and a US$13.8 billion plunge in China Evergrande since February to Friday’s US$5.8 billion blow […]

Intel, TI split leaves chip outlook in doubt

Two major chipmakers this week gave very different views of whether soaring demand for semiconductors will start to ease in the second half of the year, and it may take another round of earnings next week to settle the question. Texas Instruments on Wednesday gave a third-quarter sales forecast that was essentially flat, with company […]

Rackspace laying off 10 percent of US workforce

Multi-cloud technology services provider Rackspace Technology this week unveiled restructuring that will result in the laying off of about 10 percent of the company’s US workforce. Rackspace said it is investing between US$65 million and US$70 million to re-align resources towards fast-growing product and services offerings, including towards cloud services focused on such initiatives as […]

K&K Property’s one-bed flats in Tuen Mun meet with tepid response as Hong Kong buyers await bigger project launches

A sale of new flats in the west of Hong Kong’s New Territories failed to hit the spot with buyers on Sunday, with only half of the 79 small units available being snapped up. But property agents said the modest sales at K&K Property’s project SkyeH!, which has a total of 112 units, were not […]

GM issued a new recall notice for its EV due to fire risk

Photo by: General Motors/Facebook General Motors announced a new recall notice for its 2017-2019 Chevrolet Bolt electric vehicles. It was stated that the automaker is recalling almost 70,000 units of the said EV model due to the risk of fire. The affected GM vehicle and the cause of the recall The battery was identified as […]

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American Airlines unveils plans to hire over 1,300 pilots next year

Why the world is watching Macau’s red-carpet welcome for mainland Chinese visitors

From Unesco heritage sites to a famous birdwatching spot named by Ba Jin, here are five places to visit in Jiangmen

Chinese artist duo TaMen uses NFT to authenticate US$23,000 dogecoin painting, in new frontier for blockchain ledger technology

More women are investing in Hong Kong, US amid a surge in online brokerages

Hankook to benefit most among S. Korean tiremakers from increased demand for used cars

GM to feature expanded Super Cruise tech on 6 vehicles next year

Hong Kong’s real estate buyers give their cold shoulders to leftover flats as they reserve their fire power for new launches

Billionaire space race: the ultimate symbol of capitalism’s flawed obsession with growth

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Game on! The opportunities and risks of single-game sports betting in Canada

Coronavirus business loans: some directors may have defrauded billions from UK taxpayers

POSCO’s Q2 net profit surges 18 times on robust steel demand for cars, ships, construction

Toyota halts Thai plants due to COVID-19 induced parts supply crunch

Tesla’s fall from grace in China shows even Elon Musk’s star power is not enough to keep Beijing happy

Samsung Display to supply Apple with OLED as it ditches LCD technology

Volkswagen Korea drops prices for the new Tiguan SUV model

Plot of land in rural Kwu Tung draws strong response from Hong Kong developers betting on future housing demand, transport links

As China pushes for use of carbon quotas as loan collateral, banks seek more clarity about creditors’ rights

Activision Blizzard sued by the state of California over discrimination, sexual harassment