Wednesday , October 23 2019

International News

Indian tech firm flirts with crisis after whistle-blowers attack CEO

Bloomberg The dust had barely settled at Infosys Ltd when Asia’s No. 2 software services firm once more found itself grappling with a potential leadership crisis. For the second time in about as many years, the Indian icon synonymous with the country’s technological ascendancy is being forced to answer accusations ...

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Singapore growth to remain weak amid global risks: IMF

Bloomberg Singapore’s economic growth will likely remain weak, weighed down by subdued global demand and a downturn in the electronics cycle, according to the International Monetary Fund (IMF). Across the region, uncertainty about US-China trade tensions and oil prices remain the biggest risks, Jonathan Ostry, deputy director of the Asia ...

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Tencent shares risk losing support level dangerously as losses accelerate

Bloomberg Tencent Holdings Ltd’s shares are dangerously close to losing a key support level. The biggest stock in Asia fell 2.3% in Hong Kong despite no immediately apparent trigger. Theories circulating round some trading floors included souring sentiment from investors in China, as well as concern that Tencent’s decision to ...

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