Asia News Headlines
China's Xiaomi promises to cap hardware income margin ahead of IPO
BEIJING (Reuters) - Chinese smartphone and smart device maker Xiaomi will cap income from its hardware business at 5 percent of after-tax profits starting 2018, as it looks to position itself as an internet services provider ahead of a highly anticipated IPO.
CORRECTED (OFFICIAL)-INTERVIEW-Palestinian UN aid still $200 mln short after Trump cuts
BRUSSELS, April 24 (Reuters) - Emergency food aid for around a million Palestinians in Gaza may run out from June if the U.N. agency for Palestinian refugees cannot raise another $200 million following a cut-off in U.S. funding, the agency said on Tuesday.
Credit Suisse delivers best quarter since Thiam's revamp
ZURICH (Reuters) - Credit Suisse delivered its best quarterly results on Wednesday since Chief Executive Tidjane Thiam launched his restructuring plan for Switzerland's second-biggest bank in 2016, driven by its wealth management business.
Saudi's Olayan says IPO depends on market conditions
RIYADH, April 25 (Reuters) - Saudi Arabian billionaire Lubna Olayan said on Wednesday that the timing for floating parts of her family's business, one of the kingdom's largest conglomerates, depends on market conditions and the economic situation.
Armenian president to start talks to try to resolve political crisis
YEREVAN, April 25 (Reuters) - Armenian President Armen Sarkissian said on Wednesday he would start talks with political forces to try and resolve the political crisis in the country.
Armenians protests as acting leader suggests new elections
YEREVAN (Reuters) - Armenia's acting prime minister, Karen Karapetyan, on Wednesday suggested holding a new parliamentary election to end a political crisis which has gripped the country for almost two weeks.
World Cup may boost Russia GDP by 150-210 billion rubles: organizing committee
MOSCOW (Reuters) - The soccer World Cup could boost Russia's gross domestic product (GDP) by 150 billion to 210 billion rubles ($2.43 billion-$3.40 billion) over the next five years, according to a study by the tournament's organizing committee released on Wednesday.
Impossible dream? Unification less of a priority as Korean leaders prepare to talk
SEOUL (Reuters) - The recent detente between North and South Korea has given new life to talk of unification for the two countries divided since the 1950s.
Firm yields push dollar to a four-month high
LONDON (Reuters) - The dollar hit a four-month high on Wednesday after a rise in benchmark U.S. Treasury yields above 3 percent rattled some currency bears while a mixed picture from business surveys failed to help the euro before a European Central Bank meeting.
TAKE A LOOK-Beijing auto show 2018
BEIJING, April 25 (Reuters) - Car industry executives are gathering at the Beijing auto show this week amid trade tensions between China and the United States, as well as major shifts in the global automotive market towards self-driving and autonomous vehicles that are shaking up the industry.
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