Beijing's Effort to Halt Market Decline Yields Mixed Results
China's stock markets stabilized, as Beijing takes unprecedented
steps to stem a three-week selloff, while stocks in Hong Kong
tumbled.
New Honda CEO Shifts Focus to Technology
Honda's new CEO is making a break from his predecessor by
prioritizing new technology, while stepping back from the
aggressive sales targets the Japanese auto maker had struggled to
meet.
Philip Morris Seeks $1 Billion From Indonesia Stake Sale
Philip Morris International plans to sell over $1 billion worth
of shares in its Indonesian operation.
Manulife Unit Delays Singapore Listing
Manulife US Real Estate Management has delayed its $465 million
plan for an initial public offering in Singapore due to volatile
global market conditions.
Rolls-Royce Suspends Buybacks, Warns on Profit
Rolls-Royce has scrapped its first ever share buyback program
and warned that weak demand in its airliner and marine engine
businesses would be a drag on earnings through next year.
HTC Returns to Loss
HTC sank into the red again in the second quarter, hit by
plummeting smartphone sales and valuation losses on production
lines left idle.
Uber to Invest $50 Million in Indian City
Uber Technologies promised to invest $50 million over the next
five years in India's technology hub Hyderabad.
Far EasTone, Morgan Stanley Group Near Taiwan Cable-TV Deal
The $2.3 billion deal would be a step in consolidating Taiwan's
telecom industry.
Regulators Probe Marketing of Hot Private Tech Shares
Securities regulators have launched a broad investigation into
whether hedge funds and other investors are improperly selling hot
private technology stocks amid a boom in the trading of such
shares.