Chinese investors choose Singapore over Hong Kong for 'diversification' — but things could change
* Stories are summarized by an A.I.
* Companies mentioned: HPQ, Huawei, SoftBank Group, and MSFT
Chinese investors choose Singapore over Hong Kong for 'diversification' — but things could change
CNBC
Why are mainland Chinese buying more Singapore apartments than in recent years, given that the 20 per cent foreign buyer taxes? Chmiel said that the boost in Singapore is from "mainland Chinese money that might otherwise have been channeled to Hong Kong, or Hong Kong money looking for offshore diversification." Chinese investors have often been blamed for driving up housing prices in Hong Kong. Despite those steep fees, Chinese investors are still pouring money into what they perceive to be a safe investment. "Why are mainland Chinese buying more Singapore apartments than in recent years, given that the 20 per cent foreign buyer taxes?"
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UPDATE 1-HP reiterates its rejection of Xerox's offer to buy the company
HPQ (HP Inc.) | Reuters
HP Inc (HPQ.N) reiterated on Sunday its rejection of Xerox Corp’s (XRX.N) $33.5 billion cash-and-stock offer for the company, adding that the proposal “significantly undervalues HP.” The personal computer maker said last Sunday it rebuffed Xerox’s offer, and that it was open to exploring its own bid for the U.S. printer maker.
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Canada's use of Huawei 5G would hamper its access to U.S. intelligence - U.S. official
002502 (Huawei Technology Company Ltd) | Nasdaq
Canadian Prime Minister Justin Trudeau postponed a decision on whether to use Huawei Technologies Co Ltd [RIC:RIC:HWT.UL] 5G network equipment until after the October federal election. The question of whether Huawei's 5G equipment could contain back doors allowing access to Chinese spying is dividing Canada and its partners in the Five Eyes intelligence-sharing network. The United States, Australia and New Zealand have bans in place, while Britain is taking a less firm line, indicating Huawei's 5G products could be used in less sensitive areas. Beijing subsequently picked up two Canadian men in China, Michael Spavor and Michael Kovrig, and charged them with spying. "It would make it very difficult to have a full intelligence sharing information with a partner who has installed a direct line to Beijing," King said.
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SoftBank to go ahead with WeWork stock tender offer this week
SFTBF (SoftBank Group Corp) | Nasdaq
The tender offer to the founders, investors and employees owning stock was expected to launch earlier this month but was delayed after SoftBank sought technical revisions to the offer documents, according to the sources. It will go ahead based on the previously announced terms at $19.19 a WeWork share as soon as Monday, these people said. The offer is a crucial part of SoftBank's $9.5 billion rescue of WeWork agreed in October. Neumann has more than a 20 percent stake in WeWork but his real power came from super-voting stock that gave him control. His ability to use super-voting stock will disappear as part of the deal with SoftBank.
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Microsoft cleared to export mass-market software to Huawei temporarily
MSFT (Microsoft Corporation) | Slash Gear
Microsoft cleared to export mass-market software to Huawei temporarilyIt seems that Huawei may be able to breathe a bit easier even if it keeps on showing an unaffected and nonchalant public face. The company was recently granted another 90-day reprieve and the US Department of Commerce has started to grant or deny applications for temporary licenses to export American products to the embattled Chinese company. While the fate of its mobile business still isn’t in the clear despite these developments, Huawei will at least now have access again to Microsoft software, at least until the temporary licenses are revoked again. That may temporarily be resolved as Microsoft was one of those recently granted an extended license to do business with the Chinese company. Specifically, Microsoft is now allowed to export “mass-market software” to Huawei.
Read More
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* Companies mentioned: HPQ, Huawei, SoftBank Group, and MSFT
Chinese investors choose Singapore over Hong Kong for 'diversification' — but things could change
CNBC
Why are mainland Chinese buying more Singapore apartments than in recent years, given that the 20 per cent foreign buyer taxes? Chmiel said that the boost in Singapore is from "mainland Chinese money that might otherwise have been channeled to Hong Kong, or Hong Kong money looking for offshore diversification." Chinese investors have often been blamed for driving up housing prices in Hong Kong. Despite those steep fees, Chinese investors are still pouring money into what they perceive to be a safe investment. "Why are mainland Chinese buying more Singapore apartments than in recent years, given that the 20 per cent foreign buyer taxes?"
Read More
UPDATE 1-HP reiterates its rejection of Xerox's offer to buy the company
HPQ (HP Inc.) | Reuters
HP Inc (HPQ.N) reiterated on Sunday its rejection of Xerox Corp’s (XRX.N) $33.5 billion cash-and-stock offer for the company, adding that the proposal “significantly undervalues HP.” The personal computer maker said last Sunday it rebuffed Xerox’s offer, and that it was open to exploring its own bid for the U.S. printer maker.
Read More
Canada's use of Huawei 5G would hamper its access to U.S. intelligence - U.S. official
002502 (Huawei Technology Company Ltd) | Nasdaq
Canadian Prime Minister Justin Trudeau postponed a decision on whether to use Huawei Technologies Co Ltd [RIC:RIC:HWT.UL] 5G network equipment until after the October federal election. The question of whether Huawei's 5G equipment could contain back doors allowing access to Chinese spying is dividing Canada and its partners in the Five Eyes intelligence-sharing network. The United States, Australia and New Zealand have bans in place, while Britain is taking a less firm line, indicating Huawei's 5G products could be used in less sensitive areas. Beijing subsequently picked up two Canadian men in China, Michael Spavor and Michael Kovrig, and charged them with spying. "It would make it very difficult to have a full intelligence sharing information with a partner who has installed a direct line to Beijing," King said.
Read More
SoftBank to go ahead with WeWork stock tender offer this week
SFTBF (SoftBank Group Corp) | Nasdaq
The tender offer to the founders, investors and employees owning stock was expected to launch earlier this month but was delayed after SoftBank sought technical revisions to the offer documents, according to the sources. It will go ahead based on the previously announced terms at $19.19 a WeWork share as soon as Monday, these people said. The offer is a crucial part of SoftBank's $9.5 billion rescue of WeWork agreed in October. Neumann has more than a 20 percent stake in WeWork but his real power came from super-voting stock that gave him control. His ability to use super-voting stock will disappear as part of the deal with SoftBank.
Read More
Microsoft cleared to export mass-market software to Huawei temporarily
MSFT (Microsoft Corporation) | Slash Gear
Microsoft cleared to export mass-market software to Huawei temporarilyIt seems that Huawei may be able to breathe a bit easier even if it keeps on showing an unaffected and nonchalant public face. The company was recently granted another 90-day reprieve and the US Department of Commerce has started to grant or deny applications for temporary licenses to export American products to the embattled Chinese company. While the fate of its mobile business still isn’t in the clear despite these developments, Huawei will at least now have access again to Microsoft software, at least until the temporary licenses are revoked again. That may temporarily be resolved as Microsoft was one of those recently granted an extended license to do business with the Chinese company. Specifically, Microsoft is now allowed to export “mass-market software” to Huawei.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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