7:02 pm March 2, 2015 | No Comment
BlackBerry is heading for the cloud. The Canadian smartphone maker says its core mobile device management service, known as BES12, will now be available for users who don’t want to run it off computers in their offices.
6:38 pm March 2, 2015 | No Comment
Samsung Electronics rebooted its premium Galaxy smartphones with the S6 and S6 Edge, using a three-sided screen, as the company tries to reverse profit declines and a slide in market share. Shares surged to their highest in eight months.
8:43 pm March 1, 2015 | No Comment
The monetary guardians of the euro area, Switzerland, Sweden and Denmark are now imposing negative interest rates on bank deposits or on funding operations that feed through to the real economy.
6:55 pm March 1, 2015 | No Comment
The stink from Brazil's multi-billion dollar Petrobras scandal is worsening by the week, dragging down the economy and with it, President Dilma Rousseff's political fortunes.
6:38 pm February 27, 2015 | No Comment
Singapore followed global central banks in easing policy on Jan. 28. Singapore’s dollar will weaken 2.4 percent to S$1.39 ($1.02) versus the greenback by end-2015, according to the median estimate in a Bloomberg survey that has fallen for five months.
6:19 pm February 27, 2015 | No Comment
Malaysia’s task in propping up Asia’s worst-performing currency just got a lot tougher. The cost of options protecting against further ringgit declines approached a one-and-a-half-year high on speculation 1Malaysia Development, the state investment fund, will need a bailout.
5:54 pm February 27, 2015 | No Comment
This year was tipped to be the one when US interest-rate increases would suck money from emerging markets. It’s not turning out that way in Asia. Unprecedented economic stimulus from Europe to Japan has prompted investors to pump a combined $14.4 billion into Indian, South Korean and Indonesian local-currency government debt this year, the most on record for the three markets, exchange data show.
5:22 pm February 27, 2015 | No Comment
Airbus plans to boost production of its workhorse A320 single-aisle aircraft to 50 a month to meet surging demand for more fuel-efficient airliners.
5:04 pm February 27, 2015 | No Comment
Global regulators have issued dozens of rules aimed at making the biggest banks safer. That’s leading to another result some wanted: making them shrink. HSBC Holdings, Europe’s biggest bank by market value, said this week it’s considering “extreme solutions” for some of its units. Royal Bank of Scotland Group is reducing its US trading staff and getting out of two-thirds of the countries where it operates. JPMorgan Chase & Co. is closing branches, raising fees on some institutional deposits and looking for ways to shrink its trading businesses.