Search Results for: Xiaomi
China to ease commercial banks’ bad debt burden via equity swaps
March 10th, 2016
China’s central bank is preparing regulations that would allow commercial lenders to swap non-performing loans of companies for stakes in those firms, two people with direct knowledge of the new policy told Reuters. The new rules would reduce commercial ...
UK ‘needs Chinese investment’, ambassador says
October 19th, 2015
China‘s ambassador to the UK has said that the “UK needs Chinese investment”. Liu Xiaoming was speaking on BBC1’s Andrew Marr Show the day before the start of President Xi Jinping’s state visit to the UK. He said the ...
Samsung forecasts $5.44bn in quarterly operating profit
April 7th, 2015
South Korea’s Samsung Electronics has forecast a quarterly operating profit of about 5.9 trillion won ($5.44bn; £3.65bn) for the first three months of 2015. The numbers beat market expectations, but would mark a fall of more than 30% in ...
Lenovo Second-Quarter Profit Climbs, but Shares Dip
November 6th, 2014
Lenovo Group Ltd reported quarterly revenue that missed analyst estimates, with a decline in smartphone sales curbing investor optimism about the world’s biggest maker of personal computers (PCs) turning into a force in mobile devices. Lenovo’s earnings came at ...
Smartphone woes drag Samsung Electronics third-quarter profit to more than three-year low
October 30th, 2014
Samsung Electronics Co Ltd (005930.KS) on Thursday said it would revamp its smartphone line-up to take on competitors in the rapidly growing mid-to-low range segment, after third-quarter earnings set it on course for its worst year since 2011. The ...
Samsung Electronics heads for annual profit drop
October 7th, 2014
Samsung Electronics Co Ltd (005930.KS) is heading for its first annual earnings drop since 2011 after it revealed its July-September profit would be the lowest in more than three years and said short-term prospects for smartphones were uncertain. The ...
Samsung’s profit hit bottom in third quarter ahead of slow recovery
October 2nd, 2014
Samsung Electronics Co Ltd’s (005930.KS) profit is seen weakening further in the third-quarter, underscoring the downturn in its market-leading smartphone business and piling pressure on the firm to deliver a revamped product lineup. According to analysts, the world’s largest ...
Alibaba in Talks to Invest in Snapchat
July 31st, 2014
Snapchat Inc. has held preliminary talks with Chinese e-commerce giant Alibaba Group Holdings Ltd. to raise a new round of financing that could value the mobile-messaging startup at about $10 billion, according to people familiar with the matter. The ...
Fund managers unconvinced by Apple rebound as firm readies results
July 22nd, 2014
Apple, once a can’t-miss stock, is finding it tough to persuade portfolio managers to come back into the fold. The company’s shares are up 17 percent for the year, nearly three times the performance of the benchmark Standard & ...
Samsung Finds It Costly to Keep Up with China
July 9th, 2014
We were warned. Samsung Electronics (005930:KS) is facing tougher competition in the No. 1 market for smartphones—China—and has made it clear that no one should expect much from its latest quarterly results. The world’s largest maker of smartphones expected ...
