Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
China is the second-largest movie market in the world, which means that virtually any film that wants to be successful needs to do well there. Of course, to make money, you actually have to open there, and thats going to be difficult for Ryan Reynolds new movie Deadpool. The reason being that the film…
BEIJING — Audience members using cellphones bedevil performers and presenters around the world. But in China, theaters and other venues have adopted what they say is an effective — others might say disturbing — solution. Zap them with a laser beam. The approach varies, but the idea is the same. During a performance, ushers equipped…
SHANGHAI Uber Technologies Inc is burning through more than a billion dollars a year in China as it wages a fierce price war against local rival Didi Kuaidi, its chief executive said. The company’s Chinese business boosted its valuation last month to more than $8 billion after raising more than $1 billion in its…
Republican presidential candidate Donald Trump’s latest idea for how to make America great again? Force Apple to build its products in the US. Trump, in a Monday speech at Liberty University in Virginia, said he’d “get” Apple to build its “damn computers and things in this country instead of in other countries.” Now, Trump didn’t…
Photo An investor as an electronic board halted the display of stock market data at a securities brokerage house in Beijing. Credit Rolex Dela Pena/European Pressphoto Agency HONG KONG — The market turmoil in China spread around the world, as global investors grew more anxious about the country’s currency and the health of its economy….
Global markets are facing a crisis and investors need to be very cautious, billionaire George Soros told an economic forum in Sri Lanka on Thursday. China is struggling to find a new growth model and its currency devaluation is transferring problems to the rest of the world, Soros said in Colombo. A return to positive…
Barclays Plc plans to shut most of its cash-equities business in the Asia-Pacific region as Chief Executive Officer Jes Staley pushes to reduce costs, according to people with knowledge of the matter. The near-exit from cash equities is part of plans to eliminate about 50 percent of jobs at the wider equities unit in the…
A Shanghai fund dumped all its holdings as Chinese shares tumbled and triggered a circuit-breaker that halted trading in the world’s second-biggest stock market. “This is insane,” Chen Gang, chief investment officer at Shanghai Heqi Tongyi Asset Management Co., said in an interview on Thursday. “We were forced to liquidate all our holdings this morning,” said…
Some American radio listeners might have been surprised last year to hear a news account explaining how pro-democracy protests in Hong Kong “failed without the support of the people of Hong Kong.” In fact, a large percentage of local residents joined the demonstrations until they were forcibly suppressed under orders from Beijing. Listeners would have…
A US Navy guided-missile destroyer sailed close to China’s man-made islands in the disputed South China Sea on Tuesday, drawing an angry rebuke from Beijing, which said it warned and followed the American vessel. The patrol by the USS Lassen was the most significant US challenge yet to the 12-nautical-mile territorial limits China asserts…