After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Bottom Line: Drugs keep a smile on the market’s face May 28, 2014 WITH the Glaxosmithkline (GSK) share price falling only 1.59 per cent, the market seems pretty sanguine about the announcement of an SFO investigation. That shouldn’t be too surprising. While the SFO has the power to levy unlimited fines in the most extreme cases, with so little detail the gravity of this investigation is not yet [...]
Asian markets climb higher after positive US data May 28, 2014 Asian markets are up this morning after a slew of positive economic data from the US and rising Chinese industrial profits. Data released yesterday showed a surprise increase in US durable goods orders in April of 0.8 per cent – the consensus had been for a 0.5 per cent fall. Consumer confidence and home prices [...]
Chinese forecast to smoke half of the world’s cigarettes by 2018 May 27, 2014 CIGARETTE sales volumes have continued to decline in most top global markets, while e-cigarettes sales have potential for high growth according to new data from the global market research company Euromonitor International. Seven of the top 10 global markets showed declines in volumes in 2013, leading to an overall four per cent decline in world [...]
Sony will set up joint venture to sell PS4 in China May 27, 2014 SONY, the Japanese technology giant, has signed a partnership to begin manufacturing and selling its PlayStation 4 console in mainland China. The joint venture with Shanghai-listed Shanghai Oriental Pearl was announced in a stock exchange filing by the state-controlled Chinese media company yesterday. The joint ventures, which will be located in Shanghai’s free trade zone, [...]
What the other papers say this morning – 27 May 2014 May 27, 2014 FINANCIAL TIMES Apple readies “smart home” platform Apple is readying a new software platform that would turn the iPhone into a remote control for lights, security systems and other household appliances, as part of a move into the “internet of things”. Apple plans to take on rivals Google and Samsung and make a “big play” [...]
Sony will set up joint venture to sell PS4 in China May 27, 2014 SONY, the Japanese technology giant, has signed a partnership to begin manufacturing and selling its PlayStation 4 console in mainland China. The joint venture with Shanghai-listed Shanghai Oriental Pearl was announced in a stock exchange filing by the state-controlled Chinese media company yesterday. The joint ventures, which will be located in Shanghai’s free trade zone, [...]
Chinese factory decline slows May 22, 2014 CHINA’S powerful industrial base slowed only slightly this month, according to HSBC’s index of the country’s manufacturers – which revealed the best performance since September. The purchasing managers’ index (PMI) reading for Chinese factories rose to 49.7 yesterday, very narrowly below the neutral 50 mark, indicating a slight contraction for the fifth month. Analysts had [...]
New York Report: Wall Street up after biotech stocks surge May 22, 2014 WALL Street ended higher for the second straight session yesterday, led by small-cap stocks, while the Nasdaq climbed on a rally in biotech shares. The Dow Jones industrial average rose 10.02 points or 0.06 per cent, to end at 16,543.08. The S&P 500 gained 4.46 points or 0.24 per cent, to 1,892.49. The Nasdaq Composite [...]
China is the real victor as Putin looks East May 22, 2014 WHEN President Vladimir Putin voyaged to Beijing this week, it was with one thing in mind: strengthening Sino-Russian relations. The signing of a $400bn (£237bn) gas pipeline deal with Beijing formed the centrepiece of this effort. Russia’s aggression in Ukraine is pushing the US and Europe away, and Putin is looking to reorient towards an [...]
China’s house sector to slow May 21, 2014 THE CHINESE property market was downgraded by credit ratings agency Moody’s yesterday, with the group now expecting a “significant slowdown”. The group cut their view of the sector from stable to negative. While Moody’s still expect some growth in property sales, of up to five per cent, the expansion is a major drop from the 26.6 per [...]