World News

Early interest by consumers in Japan bodes well for Netflix in Asia

Netflix stock will be set for even more gains with budding interest by consumers in Asia, RBC Capital Markets advised clients on Thursday. Top technology analyst Mark Mahaney told clients that will the firm’s research in Japan in addition to various other Asian nations revealed a growing willingness by consumers to pay for premium content. “The sun appears to be ...

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Trade-war scare could bring on a dollar slump

The dollar was mixed Friday, higher against the euro along with many some other currencies nevertheless lower against the yen. The dollar should be supported just by the fact the U.S. will be ahead of some other central banks in normalizing interest rates. “Trading into the Fed, the dollar could have a bounce, nevertheless if the tariffs come in after ...

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Steve Eisman, who called the ‘Big Short’ during last financial crisis, says he’s sleeping easy right now

Neuberger Berman portfolio manager Steve Eisman is usually bullish on bank stocks. The financial “industry is usually so well-capitalized today which I don’t see any problems emerging for a very long time … I sleep very well. I just don’t see any systemic risk on the horizon,” Eisman said Friday on CNBC’s “Closing Bell.” “My top pick is usually Citigroup.” ...

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Broadcom (AVGO) stock ends a roller-coaster week up

Shares of Broadcom suffered the stock’s biggest loss in 9 months on Friday, shedding nearly 5 percent. although the stock still ended a roller-coaster week up — gaining less than half a percent over the 5 days of trading — bolstered by weekend acquisition rumors. Broadcom ended last week with its hopes still alive for its hostile takeover of mobile ...

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Walmart reportedly looking to enhance stake in Flipkart

Walmart is usually in advanced talks to become the largest shareholder in Indian e-commerce giant Flipkart, according to multiple reports This specific week, a move in which might bolster the start-up’s efforts to compete with Amazon. The U.S. retail giant could purchase around a 20 to 26 percent stake from the Indian firm as well as increase its shareholding to ...

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Steve Wynn may sell his stake in Wynn Resorts

Jessica Rinaldi | The Boston Globe | Getty Images Steve Wynn shows off the plans for a planned casino during a press conference on March 15, 2016. Wynn Resorts’ former chief executive, Steve Wynn, may elect to sell all or a portion of his stake within the company, according to a regulatory filing dated Thursday. Steve Wynn is actually the ...

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Who is usually Li Ka-shing? Hong Kong’s richest man retires

within the span of his career, Li became along with remained Hong Kong’s richest man For 2 decades, according to Forbes. For many years, he was also Asia’s wealthiest. His current net worth is usually estimated to be $35.3 billion. The self-made billionaire’s ability to build empires out of ordinary businesses earned him the nickname “superman” in Hong Kong. He’s ...

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CEO of firm which modified BlackBerry, Samsung phones to ‘knowingly’ help drug cartels evade police can be indicted

The people behind a company which hacked Samsung along with BlackBerry phones to make them more secure, have been indicted for allegedly conspiring with drug cartels to help them evade law enforcement along with sell narcotics. Phantom Secure, a Canada-based firm, sold Samsung along with BlackBerry devices which had been modified which has a higher encryption. This kind of made ...

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Siemens medical equipment unit starts trading at 29.10 euros

The medical equipment unit of German engineering firm Siemens began trading on the country’s stock exchange Friday. Shares of Healthineers opened almost 4 percent higher in its stock market debut, at 29.10 euros ($35.86) apiece. This specific after Siemens initially offered an issue cost of 28 euros. The debut began at roughly 9:03 a.m. London time, after the official 8:00 ...

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