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May, 29, 2016

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Business
Asian stocks jumped Wednesday after a strong lead from Wall Street and Europe, and as investors adjusted to the prospect of a U.S. rate rise in the near future.
 
Mickey Mouse has a new and deep-pocketed challenger: China's shopping mall king.
 
The Shanghai Commercial & Savings Bank, Ltd. (SCSB, 上海商業儲蓄銀行) has newly obtained the certifications of BS 10012:2009 Personal Information Management System (PIMS) and ISO 27001 Information Security Management System (ISMS) from the British Standards Institution (BSI) for its outstanding performance in the two sectors.
 
The U.S. dollar held gains against the yen Wednesday after risk appetite among Asian investors jumped on the back of rising expectations of a rise in U.S. borrowing costs.
 
Online restaurant reservation company EZTABLE announced Wednesday a new global strategic alliance with Ikyu, a popular online travel and restaurant booking site in Japan.
 
Oil prices edged towards US$50 a barrel in Asia Wednesday after a larger-than-expected dip in U.S. stockpiles resulting from wildfires that have disrupted oil production in Canada.
 
Toyota and Volkswagen announced separate partnerships Tuesday with rideshare companies Uber and Gett, in the latest such moves by major carmakers.
 
British retail giant Marks and Spencer posted sliding annual earnings Wednesday, and its share price sank after warning that a new turnaround plan for its clothing division would hit profits.
 
Hewlett Packard Enterprise is continuing to slim down by selling its business services division to competitor Computer Sciences Corp.
 
Taiwan's mortgage loans showed a 4.18 percent increase year-on-year in April, but the central bank has warned against jumping to the conclusion that the local property market was actually rebounding.
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