Asia shares trade mixed as Trump concerns weigh
Australia's ASX 200 fell 0.8 percent or 45.4 points to close at 5,609.4, as its industrials sub-index dropped 3.97 percent. Logistics company Brambles plunged 15.8 percent, after the company downgraded its earnings guidance for the six months ended 31 December 2016, over concerns for its North American operations. The company expects sales revenue growth at 5 percent, compared to the previous guidance of 7 to 9 percent, and underlying profit growth to be around 3 percent, compared to t..>> view originalHalliburton Profit Beats Estimates as U.S. Drilling Gains
Halliburton Co. reported fourth-quarter adjusted profit that beat analysts’ estimates after oil explorers kicked off a year-end recovery in North America where the service provider generates most of its sales.The world’s largest fracking services provider posted profit excluding certain items of 4 cents a share, according to a statement Monday, exceeding the 2-cent average of 39 analysts’ estimates compiled by Bloomberg, The net loss was $149 million, or 17 cents a share, compared with a loss ..>> view originalLloyds a victim of cyber attack that hit banking services
LONDON Lloyds Banking Group is working with law enforcement agencies to trace who may be behind a cyber attack that caused intermittent outages for customers of its personal banking websites almost two weeks ago, according to a source familiar with the incident.Britain's largest mortgage lender was hit by a distributed denial of service (DDoS) attack on Jan. 11, which carried on for two days, according to the source.The disruption, which involved bombarding the websites with huge volumes of tr..>> view originalTheresa May to promise to take action for British industry
Image copyright Reuters Prime Minister Theresa May is to unveil a new, more interventionist, industrial strategy on Monday, designed to boost the post-Brexit UK economy. The government will be "stepping up to a new, active role", Mrs May said.She will launch the new strategy at her first regional cabinet meeting, to be held in the north-west of England. Broadband, transport and energy are highlighted in a bid to "align central government infrastructure investment with local growth prioritie..>> view originalSEC probing Yahoo over previously disclosed cyber breach
The U.S. Securities and Exchange Commission is investigating a previously disclosed data breach at Yahoo, the company said in a filing. Yahoo said in a November 2016 quarterly filing that it was cooperating with federal, state and foreign agencies, including the SEC, that were seeking information and documents about a "security incident and related matters." The SEC is investigating whether two massive data breaches at Yahoo should have been reported sooner to investors, The Wall Street Jou..>> view originalEU--Europe-Milk
BRUSSELS (AP) — Dairy farmers from across the European Union have sprayed the EU's headquarters with milk powder to protest the crisis in their sector.Many farmers have been driven to the brink of bankruptcy as their sector has been hit with sagging prices and production costs squeezing profits.The EU's executive Commission has approved some support measures over the past year, but the farmers fear that releasing more milk powder on the market would further complicate their plight.The EU did awa..>> view originalLloyds Said to Have Suffered Cyber Attack on Bank's U.K. Systems
Lloyds Banking Group Plc was hit by a cyber attack that disrupted online services for customers two weeks ago, a person with knowledge of the matter said, amid mounting concern over the threat hackers pose to major banks. Exclusive insights on technology around the world. Get Fully Charged, from Bloomberg Technology. Business Your guide to the most important business stories of the day, every d..>> view originalFoxconn considers $7 billion US display factory in cooperation with Apple
Chinese manufacturing giant Foxconn is considering investing $7 billion to build a new factory in the US assembling flat panel screens. Reports from The Wall Street Journal and the Nikkei Asian Review say Foxconn chairman Terry Gou discussed the plans ...>> view originalXiaomi, Chinese Phone Maker, Losing Its Global Face as Hugo Barra Exits
Photo Hugo Barra unveiling the Xiaomi Redmi Note 4 phone in New Delhi last week. Unlike China’s other major internet players, Xiaomi decided early to expand into markets like India, Myanmar and Brazil. Credit Sonu Mehta/Hindustan Times, via Getty Images HONG KONG — Xiaomi, the smartphone start-up that showed the potential and the limits of a new generation of Chinese technology companies, is losing its most familiar global face.On Monday, Hugo Barra, a Google veteran wh..>> view original
Monday, February 20, 2017
Asia shares trade mixed as Trump concerns weigh and other top stories.
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