US oil prices gained 5.18 percent owing to an unexpected drop in domestic crude stockpiles. US crude stocks eased by 4.9 million barrels last week as imported declined.
Sectors
China OEM Meizu Unveiled Its Long-Awaited m3 note
Meizu already unveiled its newest model m3 note. The Chinese OEM is keeping its concept of quality devices with affordable prices, which makes the brand popular in China’s market.
Nest Considered to Compensate Customers for Disabling Revolv Smart Home Hub
Nest sparked outrage this week for disabling its smart home hub. It raises concern about customers right and ownership in the IoT era.
Hennes & Mauritz Q1 profit declines hurt by strong dollar
Hennes & Mauritz's quarterly sales including VAT rose by 9% in domestic currencies. The company's quarterly profit declined 30% as dollar increased over local currencies.
Pfizer to end merger deal with Allergan as new rules frighten corporate inversions
Pfizer, a US-based drug company, is said to dismiss its merger deal with Allergan. The US drugmaker wants to quit from the $160 billion merger deal since Washington authorities set new rules, making corporate inversions harder.
Latest News
Samsung is establishing itself as India’s number one smartphone manufacturer. The company credits strong sales for its new series of mid-tier products with new special features.
HERE was a Nokia map service purchased by German car makers consortium last year. This Wednesday, Daimler confirmed Microsoft and Amazon is in talks with the consortium.
United States Justice Department has prepared a lawsuit to block acquisition of Baker Hughes. Halliburton took over the company in November 2014.
Intel announced the acquisition of Italian semiconductor company on April 5. Yogitech will enhance Intel's Advanced Driver Assistance Systems (ADAS) technology.
The world’s first fully autonomous taxis might be hitting the streets of Singapore earlier than other cities. An MIT-supported startup is dedicated to develop a technology to achieve that, and is now seeking for approval for pilot program.
French government offered an old nuclear plant site for Tesla to build its electric car manufacturing facility. The plant site is shutting down and Tesla’s existence could help support local residents with jobs.
Advocacy groups heavily criticized the draft as it allows company to hide their activities. Meanwhile, Iceland Prime Minister has resigned following protest over Panama leaks.
Yahoo Inc’s revenues may drop by 15 percent for 2016 year, while earnings are also predicted to tumble 20 percent. The global internet company is expected to slash jobs by 1,500 to 9,000 in 2016.
Goldman Sachs-backed consumer finance startup CompareAsiaGroup got its new CEO Sam Allen. In 2015, CompareAsiaGroup closed a Series A round of funding led by Goldman Sachs and is planning to go for a Series B round funding soon.
