Business

Business

Netflix shares slide on disappointing subscriber growth

Netflix shares plunged in after-hours trade after its quarterly update showed weaker-than-expected subscriber growth for the streaming television sector leader.

IKEA closing only US furniture factory, cutting 300 jobs

IKEA will close its only US factory at the end of the year, cutting 300 jobs, as it will be more cost-effective to make the products in Europe and import them.

Asian markets mixed as China growth slows further

The weakness raised the chances of further monetary easing measures from the central People's Bank of China. #tradewar #ChinaGDP

China Bank sells P30-B retail bonds

The bonds, due January 2021, carry an annual interest rate of 5.70 percent, which will be paid monthly.

P12-M smuggled rice seized in Basilan

Investigation showed that M/V Indah Jehan manned by 10 crewmen came from Labuan, Sabah. #ricesmuggling #Basilanricesmuggling #smuggledriceintercepted

Trump no fan of cryptocurrencies

also warned Facebook and other companies that, should they launch their own cryptocurrency, they would have to abide by both American and international banking regulations. #cryptocurrency #Bitcoin #Libra
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