Hong Kong rallies in mixed Asia trade ahead of US inflationHong Kong stocks climbed two percent on Wednesday, extending a rebound from last week’s hammering but most other Asian markets were mixed as nervous investors await the release of key US inflation dat...
Walmart goes to the cloud to close gap with AmazonSAN BRUNO/SUNNYVALE: One of Walmart Inc’s best chances at taking on Amazon.com Inc in e-commerce lies with six giant server farms, each larger than ten football fields. These facilities, which cost Wa...
Oil stable on weak dollar, economic growth, but pockets of oversupply lingerSINGAPORE: Oil prices were stable on Wednesday, supported by a statement that Saudi crude output would drop in March, healthy economic growth and on a weakening US dollar. Despite this, oil prices rem...
App delivery boom shakes up China food sectorGuo Bonan has opened several new branches of his “8Peppers” spicy Sichuan-style restaurants across Shanghai since last year, and not one has a dining room. He doesn’t need them — stationed outside eac...
US IPO for Baidu video unit as Q4 net income flattensChinese search engine giant Baidu will spin off its Netflix-like video arm iQiyi and list it in the US market, the company said in a statement that revealed its net profit grew only one percent during...
Toshiba tips return to black as it sells chip, nuclear unitsTroubled Japanese conglomerate Toshiba said on Wednesday it would swing into the black for the full fiscal year as it completes the multi-billion-dollar sale of its chip business to restore its balanc...
Major Xerox investor sues to block takeoverOne of Xerox’s biggest shareholders filed suit Tuesday to challenge the US photocopier and printer maker’s planned takeover by Japanese technology firm Fujifilm. The suit was lodged by Darwin Deason w...