Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Asia Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
U.S. President Donald Trump's national security advisor said on Sunday that White House Asia policy adviser Matt Pottinger would become his top deputy.Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
ABB said on Thursday its net profit fell 8 percent in the second quarter due to a drop in demand for the Swiss company's oil and gas products, slower-than-expected business in the United States, soft demand from China and a strong dollar.
The Zurich-based power and automation firm told Reuters last month that a significant slowdown in China, a sharp drop in spending by customers in the oil and gas industry, and U.S. growth rates which are unlikely to match strong year-ago levels would weigh on its results this quarter.
On Thursday, ABB was similarly downbeat on its outlook.
"We expect continued hard-weather sailing but the execution of our 'Next Level' strategy will enable us to stay on course," CEO Ulrich Spiesshofer said in a statement.
ABB said net profit for the three months fell to $588 million from $636 million a year earlier, but beat analyst expectations for a net profit of $548 million in a Reuters poll of analysts.
ABB is also grappling with the arrival of new shareholder Cevian -- an activist fund which has pushed for major changes at European industrial companies such as Thyssenkrupp -- as well as speculation that it might split into two amid a turnaround at its power unit, and scepticism among some analysts about whether it can achieve its five-year targets.
The company didn't mention Cevian specifically in its statement on Thursday.