Asia

7-Elevens in Asia: the HQ of Snacks and Unique Services

Though usually considered only when convenient for consumers in the US, the 7-Eleven franchise in Asia has become a different company, selling varieties of snacks and services to its varied customers across Asia.

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Obama to sign TPP deal with Philippines and Vietnam in APEC Summit

US President Barack Obama is heading for an Asian trip and is expected to join the APEC Summit in Manila to talk about the Trans-Pacific Partnership. The Asia-Pacific Economic Co-operation (APEC) summit, which will be attended by all Asia-Pacific leaders will be the center of Obama's attention to deliver a speech and convince leaders to sign the agreement.

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Different Apple Watch Categories Launched in India

Apple, the first-grade international technological device company, has been introducing new upgraded devices every year. According to Mashable, Apple 6 and 6S was recently launched in India, and the sales were upgraded through immense positive feedback. Now Apple has launched another of its best-selling device, Apple watches.

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HSBC Pre-Tax Profit grew more than expected due to lower regulatory fines cost

Due to the lower cost of regulatory fines, HSBC's pre-tax profit in the third quarter increased 32 percent to $6.1 billion from $4.6 billion in the same period last year, beating analysts' expectations of $5.2 billion.

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Netflix blames 'involuntary churns' for dive in profits

Netflix reported a lower than expected performance today after the company reported a total revenue of $1.74 billion for its third quarter performance. The revenue contributes to earnings of $0.07 per share, which is lower than analyst expectation of $0.08 per share.

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Rolls-Royce is planning to cut more jobs in the Marine Division

Rolls-Royce is planning to cut almost 400 jobs in its marine division according to a reliable source. The company which has been reported a series of losses this year is expected to perform the job cuts as soon as next week. It is believed that the job cut done as a way for the company to stay profitable.

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New H&M stores to open in China

Retail giant H&M is looking forward to boosting its brand awareness throughout China with the opening of majority of its new establishments this year in the country regardless of the global concern over Asia's unstable economy, The Drum reported.

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China's president starts his first official US visit

Chinese President, Xi Jinping and his wife kick off their first official visit to the US today. The president safely landed in Paine Field, Seattle in an Air China 747 near a Boeing plant. Washington state Governor, Jay Inslee was there to welcome the president and his entourage. The president chooses Seattle as he regards Seattle as the "America's gateway to Asia".

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Asian shares advance as Fed keeps rates unchanged

Most financial markets in Asia ended the week higher after the US Federal Reserve decided to keep interest rates unchanged. China's Shanghai Composite Index was up 0.4% Friday. Despite that, the bourse was still down 3.2% for the week as investors worried over the Fed decision as well as weakness in economic data.

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Credit Suisse fined $80M in dark pool trading charges

The Swiss bank Credit Suisse Group AG will have to shell out $80 million in fines and disgorgement to the US regulators in an alternative trading-related settlement case. Credit Suisse didn't reveal its operations in dark pool private share trading exchange to the clients.

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Led by US, foreign investors hold 54% of UK stock market

The holdings by rest of the world in UK stock market in 2014 stood at 54 percent and this remains at the same level of that in 2012. However, there's much increase in foreign investors' holding when compared with 31 percent in 1998.

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China shares recover early losses, other Asian markets up

Chinese stocks recovered from sharp losses after a roller-coaster ride Wednesday. The benchmark Shanghai Composite Index had dropped 4%, before settling at 3,160.17, 0.2% down from the previous close.

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Introducing Intel’s Skylake processor

Intel mentioned that the chips will be compatible for most devices including tablets and gaming PCs. According to the company, the new processor is by far their fastest. Skylake is so fast, it can start up a Windows 10 PC four times faster than regular.

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Rolls-Royce dragged into Brazil's corruption scandal, accused of giving kickbacks to authorities investigating Petrobras

British engineering crown jewel Rolls-Royce is dragged into the giant Brazilian scandal, as it has been accused of giving kickbacks to officials involved in the state-owned oil giant Petrobras.

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Cavendish Kinetics to raise 36M for smartphone reception improvement with its new generation RF MEMS

San Jose company Cavendish Kinetics successfully raised $36 million to develop their radio frequency micro-electro-mechanical system (RF MEMS), which could significantly improve smartphone reception.

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