According to Prestige Economics LLC, amid mounting geopolitical risk, as the equity markets decline, dollar weakens and future U.S. interest rate increases are already priced in, gold will extend its rally. “Gold is going higher here,” Jason Schenker, president and founder of the Austin, Texas-based firm, said in a television interview on Monday. “We see…
To strike a deal to take over the air bag maker at the heart of the auto industry’s biggest safety recall, potential rescuers of Japan’s Takata Corp have extended talks, already in their 14th month reported the media. the preferred bidder for Takata, whose faulty air bags have been blamed for at least 16 deaths…
A flood of new international content entering their feeds would soon benefit Chinese social media users. In order to bring selected content, primarily from the United States and Russia, into the Chinese market, there has recently been a number of tie-ups between local social media platforms and digital content distributor network Yoola. These agreements would…
Elon Musk’s SpaceX, Richard Branson’s Virgin Galactic and Jeff Bezos’ Blue Origin are among the Western heavyweights that dominate the commercial space industry. But the competition is not deterring players in Asia. Japan’s PD Aerospace and China’s Kuang-Chi Science are among Asia’s homegrown private firms planning to offer spaceflight services to civilians as corporate spending eclipses government activity throughout the…
Suggestions that many consumers are unfazed by last year’s Galaxy Note 7 fires, mobile chief of Samsung Electronics Co Ltd’s said on Thursday that pre-orders for Samsung Electronics Co Ltd’s flagship Galaxy S8 smartphone have exceeded those of its predecessor S7. For a firm recovering from one of the worst product safety failures in tech…
In what is a trend that is positive for premium electronics giants like Apple and Samsung in the long-term, the Counterpoint Research said that driven by consumers wanting 4G handsets, most of India’s mobile phone users are planning to upgrade to a new device in the next 12 months. Counterpoint said that in their survey planning to upgrade their…
Western Digital Corp has said that it wanted to enter into exclusive talks with Japan’s Toshiba Corp as the former warned the later that splitting off its chip unit prior to a planned sale of the business violates their joint chip venture contract. The split-off is a “very serious breach of joint venture agreements,” and it would…
After releasing delayed third-quarter results with a disclaimer from its auditor, Japan’s Toshiba Corp’s CEO said on Tuesday that the company will make every effort to avoid being delisted by the Tokyo Stock Exchange. “The decision on any delisting is for the stock exchange to make,” Satoshi Tsunakawa said at a press briefing in Tokyo. “We…
In relation to a dispute over licensing fees for mobile technology, chipmaker Qualcomm is countersuing Apple Inc in a time frame of less than three months after being sued by the iPhone maker for $1 billion. Seeking to “enjoin Apple from further interference with Qualcomm’s agreements with the companies that manufacture iPhones and iPads for Apple” and unspecified damages,…
By reaching a market capitalization of as much as $51.105 billion which is now higher than General Motors’s, on Monday, Tesla Inc briefly became the most valuable U.S. car maker. Before dropping down below that of GM’s its market value was at one point larger than GM’s, which was $51.095 billion, as the luxury electric…
