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Newpaper24 - Global online News around the World 111a39bc-4208-11e8-ab09-36e8e67fb996_image_hires_143439 Singapore’s Temasek eager to purchase HNA’s stakes in Hong Kong Airways and Hong Kong Specific - NEWPAPER24  Newpaper24 - Global online News around the World 111a39bc-4208-11e8-ab09-36e8e67fb996_image_hires_143439 Singapore’s Temasek eager to purchase HNA’s stakes in Hong Kong Airways and Hong Kong Specific - NEWPAPER24

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Singapore’s Temasek eager to purchase HNA’s stakes in Hong Kong Airways and Hong Kong Specific – NEWPAPER24

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Singapore’s Temasek eager to purchase HNA’s stakes in Hong Kong Airways and Hong Kong Specific

2018-04-17 06:34:20


Singapore state investor Temasek Holdings has expressed curiosity in shopping for into Chinese language conglomerate HNA’s Hong Kong-based carriers, Hong Kong Airways and Hong Kong Specific Airways, in response to a supply conversant in the matter.

Nevertheless, an funding within the unlisted Hong Kong carriers by Temasek stays topic to a due diligence course of that has but to start, stated the supply on situation of anonymity.

The Singaporean investor would seemingly emerge as solely a minority holder within the Hong Kong airways, which management worthwhile slots at Hong Kong’s capacity-constrained airport, if a deal is accomplished, the supply stated.

Newpaper24 - Global online News around the World  Singapore’s Temasek eager to purchase HNA’s stakes in Hong Kong Airways and Hong Kong Specific - NEWPAPER24  Temasek and the debt-laden HNA, an aviation-to-financial providers conglomerate, final week signed a memorandum of understanding to discover enterprise partnerships in aviation and logistics.

A second supply conversant in the matter stated HNA is trying to elevate funds for the Hong Kong airways and Temasek is a possible investor.

Shopping for into the Hong Kong airways would assist Temasek get an aviation foothold nearer to mainland China, in a market dominated by Cathay Pacific Airways.

Temasek is almost all shareholder in Singapore Airways, which sources stated was not related to the potential funding within the Hong Kong airways.

Newpaper24 - Global online News around the World  Singapore’s Temasek eager to purchase HNA’s stakes in Hong Kong Airways and Hong Kong Specific - NEWPAPER24

Temasek, HNA and Singapore Airways declined to remark. Hong Kong Airways and HK Specific representatives stated their respective airways wouldn’t touch upon “market rumours”.

Corrine Png, the chief govt of Essential Perspective, a transport analysis agency, estimated that Hong Kong Airways could be valued at round US$1.1 billion and HK Specific at round US$300 million.

The pair mixed have a couple of 10 per cent market Share at Hong Kong Worldwide Airport, she stated.

The possession construction and funds of HNA’s Hong Kong airways are opaque. In January, HNA-controlled Hainan Airways Holding stated it transferred a 55 per cent stake in Hong Kong Airways to an “impartial third celebration”, Frontier Funding Companion, integrated within the Cayman Islands. Hainan Airways stated final July the deal was structured to keep away from future competitors points with the corporate’s mainland carriers.

Newpaper24 - Global online News around the World  Singapore’s Temasek eager to purchase HNA’s stakes in Hong Kong Airways and Hong Kong Specific - NEWPAPER24  US filings lodged in 2015 and 2016 present that HNA-linked teams at the moment owned 96 per cent of Hong Kong Airways, which in flip held a 66 per cent stake in Hong Kong Specific, with the majority of the remaining stake owned by HNA-affiliated teams.

Hong Kong Airways, which in 2015 dropped plans for an preliminary public providing, has 37 largely widebody jets with 24 extra on order because it expands into long-haul markets historically dominated by Cathay in North America and Europe. Hong Kong Specific has 24 slim our bodies.

Temasek and Singapore Airways had beforehand focused the Chinese language market with a deliberate buy of a 24 per cent stake in China Jap that was rejected by the mainland provider’s shareholders in 2008. The stake, then price US$923 million, would now be valued at US$3.four billion.



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Qualcomm’s gross sales forecast exhibits that China’s smartphone market is on the mend – NEWPAPER24

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Newpaper24 - Global online News around the World c6ca41e6-48fa-11e8-85b3-af25d27017e0_image_hires_104233 Qualcomm’s gross sales forecast exhibits that China’s smartphone market is on the mend - NEWPAPER24

Qualcomm’s gross sales forecast exhibits that China’s smartphone market is on the mend

2018-04-26 02:42:37



Qualcomm issued an optimistic forecast for the present quarter, an indication demand is starting to enhance in China, the biggest smartphone market.

Gross sales might be US$4.eight billion to US$5.6 billion within the fiscal third quarter, the San Diego-based firm stated Wednesday in an announcement. Analysts on common anticipated income of US$5.45 billion, in line with knowledge compiled by Newpaper24.

Qualcomm stated smartphone chip orders are exhibiting indicators of life in China after slumping on the finish of final 12 months. Concern in regards to the market deepened in current weeks after lacklustre outcomes from different suppliers to handset makers, particularly Apple.

At the same time as international smartphone progress slows — inflicting ache for Apple, a high smartphone maker — Qualcomm advantages as a result of it’s supplying producers in China which can be rising by taking market Share from Apple.

Gross sales of telephones in China have been adequate to shift a build-up of unused parts, stated Qualcomm Chief Monetary Officer George Davis. “You’ve seen stock go down fairly quickly,” he added.

The corporate’s shares rose as a lot as 4.three per cent in prolonged buying and selling after closing at US$49.75 in New York. The inventory is down greater than 20 per cent this 12 months, making it the second-worst performer on the benchmark Philadelphia Inventory Trade Semiconductor Index in that interval.

Revenue within the fiscal second quarter was 80 cents a Share, excluding sure gadgets. Adjusted income was US$5.2 billion. Analysts had predicted adjusted earnings of 70 cents a Share on income of US$5.19 billion.

“China’s coming from a deep backside and getting a bit bit higher,“ Mike Walkley, an analyst for Canaccord Genuity Inc., stated forward of the outcomes. “You’ve seen China burn by means of plenty of extra stock.”

Whereas Qualcomm nonetheless provides some chips to Apple, a authorized dispute has soured relations between the 2 firms and the iPhone maker has began utilizing chips from different suppliers. Qualcomm stated on Wednesday that it skilled a big decline in orders for modems from one buyer. Apple is the primary buyer for that kind of Qualcomm element. That implies current trade experiences of weaker element demand could also be pointing at Apple, reasonably than a common slowdown.

Qualcomm has been suffering from infinite authorized battles, authorities fines, a waning smartphone market, clients that received’t pay and a failed hostile takeover bid by rival Broadcom. Earlier on Wednesday, the inventory touched its lowest intraday stage since early 2016. All that left a low bar for Qualcomm’s quarterly outcomes.

One of many cornerstones of the corporate’s plan to reignite earnings progress is its acquisition of NXP Semiconductors NV. That deal, the most important Qualcomm has ever tried, was introduced in 2016 and continues to be ready for regulatory approval in China.

The corporate is assured it could actually shut the transaction forward of a July 25 deadline. Whereas commerce stress between the US and China suggests permission is unlikely to return quickly, the 2 sides are more likely to settle into calmer negotiations beginning subsequent month, stated Chief Government Officer Steve Mollenkopf.

“We’re clearly not proof against the troublesome surroundings that exists between the nations,” he stated. “From a timing perspective, this isn’t the most effective time to take the temperature.”

Ought to the chip maker fail to shut the acquisition, it’s ready to purchase again US$20 billion to US$30 billion of its personal inventory. Qualcomm had a market capitalisation of US$74 billion on the shut Thursday.

Whereas promoting cell chips offers the corporate with nearly all of its income, licensing patents that underpin the basics of all trendy cellphone programs contributes the majority of its revenue. The latter unit has struggled within the face of a worldwide authorized assault by Apple, which has stopped paying.

Qualcomm stated on Thursday that dates for key phases of the authorized combat with Apple are quickly approaching, elevating the probability of settlement or a victory that will give it leverage in talks.

Qualcomm forecast license gross sales of US$850 million to US$1.05 billion within the present interval, a decline of as a lot as 27 per cent from a 12 months earlier. The charges this division fees might fall as some clients go for new agreements that cowl a smaller variety of patents solely utilized in trade requirements, Qualcomm stated. Up to now, Qualcomm had licensed all of its patents collectively.

License charges are charged as proportion of the promoting worth of a cellphone, however there’s usually a cap for dearer gadgets. The corporate amended its settlement with Samsung Electronics Co. to decrease the cap. At the moment, if a Samsung cellphone is offered for greater than US$500, the payment is calculated as a proportion of US$500 and no extra. The brand new deal units the cap at US$400. Samsung is the world’s largest smartphone maker.



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Hong Kong shares fluctuate as buyers gauge earnings and rising US bond yields – NEWPAPER24

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Newpaper24 - Global online News around the World aa12edde-48ee-11e8-85b3-af25d27017e0_image_hires_101050 Hong Kong shares fluctuate as buyers gauge earnings and rising US bond yields - NEWPAPER24

Hong Kong shares fluctuate as buyers gauge earnings and rising US bond yields

2018-04-26 01:13:59



Hong Kong’s index futures superior on Thursday, signalling that shares are more likely to open greater.

April futures contracts on the Hold Seng Index rose 0.6 per cent, or 175 factors, to 30,354 earlier than the spot market opens at 9:30am.

The Hold Seng Index dropped 1 per cent to 30,328.15 yesterday, as promoting swept by way of know-how firms. The Shanghai Composite Index misplaced 0.four per cent to three,117.97.

Mainland equities could also be energetic after the State Council introduced final night time a lower in taxes estimated at greater than 60 billion yuan (US$9.5 billion) yearly will support hi-tech industries and smaller firms.

Most main markets in Asian rose in early morning buying and selling right this moment. Japan’s Nikkei 225 gained 0.four per cent and South Korea’s Kospi added 0.9 per cent, whereas Australia’s S&P/ASX 200 Index was little modified.

Merchants had been gauging the implications of the rising yields on the 10-year US Treasury, which climbed above three per cent.

Within the in a single day US buying and selling on Wednesday, three main indices closed on a blended be aware. The Dow Jones Industrial Common completed 0.three per cent greater and the S&P 500 Index climbed 0.2 per cent. In the meantime, the Nasdaq Composite Index slipped 0.1 per cent.



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South Africa: ‘We Are No Longer Prepared to Endure – Numsa Spokesperson Throughout Nationwide Shutdown – NEWPAPER24

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Newpaper24 - Global online News around the World aa-logo-rgba-no-text-128x128 South Africa: 'We Are No Longer Prepared to Endure - Numsa Spokesperson Throughout Nationwide Shutdown - NEWPAPER24

South Africa: ‘We Are No Longer Prepared to Endure – Numsa Spokesperson Throughout Nationwide Shutdown

2018-04-25 15:46:40


The South African Federation of Commerce Unions (Saftu) says the proposed Nationwide Minimal Wage Invoice signifies “a ferocious declaration of struggle” on the working class which is able to “entrench poverty”.

Members of Saftu and affiliated unions marched in a variety of cities throughout the nation together with Johannesburg, Cape City and Durban to protest towards the proposed minimal wage of R20 an hour.

“Staff, specifically, are campaigning towards a ferocious declaration of struggle by the ruling class of white monopoly capitalists, who’re making an attempt to get Parliament to cross new legal guidelines which is able to entrench poverty and threaten the employees’ constitutional proper to withdraw their labour,” learn a Saftu memorandum that was handed over to varied authorities officers on Wednesday.

In Johannesburg, Numsa’s appearing nationwide spokesperson Phakamile Hlubi-Majola stated the union had joined the strike to reject authorities’s proposed minimal of R20 an hour.

“This authorities is in energy immediately due to the struggling of the working class. We’re those who sacrificed in the end to ensure that them to make it into energy. For them to barter R20 per hour is a betrayal of staff and their households,” she stated.

“We’re now not keen to undergo excessive unemployment, poverty and inequality whereas CEOs take house fats paychecks.”

Hlubi-Majola stated the unions have been additionally voicing their considerations about authorities’s proposed amendments to the labour invoice which “would successfully make it inconceivable” to strike.

“These processes are designed to frustrate commerce unions in order that staff by no means go on strike,” she stated.

Saftu’s memorandum was obtained in Johannesburg by MEC for infrastructure Jacob Mamabolo, who confirmed that the memorandum was obtained on behalf of the Gauteng authorities.

“The calls for can be attended to,” he stated.

The memorandum additional states that Saftu helps the requires a complete social safety system.

“It’s an indictment on our democracy that we’ve got a lot poverty. Staff shouldn’t be made to pay for this disaster nor ought to they be made to resolve a capitalist disaster,” it stated.

The marches additional demanded that one thing be executed in regards to the excessive ranges of unemployment in South Africa.

“Why does a rustic with large pure assets, a well-established manufacturing base, a strong banking system, a purposeful agricultural sector and a big authorities forms discover itself on this place?” it requested.

“The Nationwide Minimal Wage Invoice and the labour amendments payments are taking us to the other way of a greater life for all or radical financial transformation. They won’t solely keep the present established order however worsen it, together with really completely postpone the desires of the various,” the memorandum stated.

In Durban, the Saftu march acquired underway just a few hours late and moved by way of the coastal metropolis peacefully.

There have been only a few incidents of visitors delays.

In Nelson Mandela Bay, marchers made their method in the direction of the town centre with a powerful police presence however no incidents had been reported by the point of publishing.

Working parallel to the nationwide shutdown by Saftu on Wednesday was a bus strike that has now been happening for a full week.

South African Transport and Allied Staff’ Union (Satawu) spokesperson Zanele Sabela stated the union and its associates referred to as on Transport Minister Blade Nzimande to intervene within the negotiating course of.

“Unions at the moment are within the means of facilitating intervention by Nzimande as a result of as minister of transport he’s in command of paying subsidies to bus corporations and due to this fact has leverage over them,” she stated.

On Wednesday morning, varied different unrelated protests sprang up throughout Gauteng together with in Alexandra, Zandspruit and Midrand in Johannesburg.

Whereas spokesperson for the Division of Primary Schooling Elijah Mhlanga stated he was not conscious of any disruption of faculty exercise by the mass protest motion throughout the nation, however he was nonetheless ready for stories from district officers.

Supply: Information24



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