U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
The unlikely alliance would in theory enjoy a relatively comfortable majority in the parliament's lower house but would rely on a handful of sympathetic but unaligned...Europe Politicsread more
Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.Central Banksread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The U.S Energy Information Administration (EIA) says Australia is on track to consistently export more LNG than Qatar.Oil and Gasread more
Chinese Internet company Baidu finished 2013 with its fastest revenue growth in more than a year and forecast revenue for the first quarter that beat Wall Street targets thanks to strength in its mobile business.
Shares of Baidu, the largest Internet search engine in China, jumped more than 6 percent in after-hours trade on Wednesday to $184.10.
Baidu projected that revenue in the first quarter will range between 9.240 billion yuan ($1.526 billion) and 9.520 billion yuan ($1.573 billion). Analysts polled by Thomson Reuters I/B/E/S were looking for first-quarter revenue of 8.697 billion yuan.
Baidu Chief Executive Robin Li said in a statement that mobile accounted for 20 percent of the company's total revenue in the last three months of the year.
Baidu's aggressive strategy to gain ground on the competition has included buying other businesses like the $1.9 billion purchase of 91 Wireless app store in August and group-buying site Nuomi, similar to GroupOn, which Baidu fully acquired last month after securing a 59 percent stake last August.
(Read more: Baidu to buy Chinese app store for $1.9 billion)
Baidu said it earned 7.90 yuan per share in the fourth quarter, versus the average analyst expectation of 8.19 yuan.
Revenue in the fourth quarter increased 50.3 pecent to 9.523 billion yuan, exceeding the 9.319 yuan expected by analysts.
Baidu said conversions from yuan to U.S. dollars were based on a rate of 6.0537 yuan to the dollar, the effective noon rate as of Dec. 31, 2013.