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Business - China manufacturing activity ticks up in April but still contracts: HSBC PMI


China`s manufacturing downturn eased slightly in April as declines in new orders and output slowed, a preliminary survey showed on Wednesday, though factory activity showed an overall contraction for the fourth straight month. The survey showed contractions in new orders and output moderated somewhat, though new export orders slipped back below the 50 line after a pickup in March, suggesting that the external environment remains difficult for Chinese firms. The survey indicated a weak start to the new quarter, and came after figures last week showed that China`s economy expanded 7.4 percent between January and March from a year earlier, its slowest pace in 18 months. `Domestic demand showed mild improvement and deflationary pressures eased, but downside risks to growth are still evident as both new export orders and employment contracted,` said Qu Hongbin, chief economist for China at HSBC, in a statement accompanying the PMI.


Wednesday, April 23, 2014  03:05

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Business - Internet TV case: Justices skeptical, concerned


WASHINGTON (AP) — Grappling with fast-changing technology, Supreme Court justices debated Tuesday whether they can protect the copyrights of TV broadcasters to the shows they send out without strangling innovations in the use of the internet.


Tuesday, April 22, 2014  23:21

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World - Dead Ukraine politician faced hostile mob, video shows


The Ukrainian town councilor whose apparent torture and murder helped prompt a new government offensive in the east was mobbed by a hostile, pro-Russian crowd before he disappeared, a video of the incident shows. The footage from Thursday on local news site gorlovka.ua shows angry scenes outside the town hall of Horlivka, between the separatist flashpoint cities of Donetsk and Slaviansk, as councilor Volodymyr Rybak is manhandled by several men, among them a masked man in camouflage, while other people hurl abuse. Ukraine`s Interior Ministry said he was seen being bundled into a car by masked men in camouflage later that day. His body was found on Saturday near Slaviansk.


Wednesday, April 23, 2014  10:12

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Business - Steady PMIs, sluggish China puts brakes on European shares


By Marc Jones LONDON (Reuters) - European shares edged down on Wednesday after three days of gains as data showing China`s economy was still stuttering offset some broadly reassuring European purchasing manager index (PMI) numbers. Data compiler Markit`s monthly PMI figures, seen as good indicators of future growth, showed that while France`s economy was still a drag, Germany was continuing to power the euro zone`s recovery. AUSSIE SLIDES In Asia, China`s stock markets had fallen again and the yuan tumbled to 16-month low after a survey showed manufacturing activity in the world`s second-biggest economy was still slowing in April.


Wednesday, April 23, 2014  09:48

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Business - Netflix plans price raise as streaming subscribers grow


By Lisa Richwine LOS ANGELES (Reuters) - Video streaming service Netflix Inc said it intends to raise its subscription price for new customers by $1 or $2 a month to help the company buy more movies and TV shows and improve service for its 48 million global subscribers. Investors welcomed the announcement on Monday by Netflix, which had suffered from a consumer exodus and stock plunge after it announced an unpopular price increase in July 2011. Chief Executive Reed Hastings said Netflix had improved its selection of TV shows and movies and added original series like critically acclaimed Kevin Spacey thriller `House of Cards.` With added revenue from higher prices, `we will be able to license much more content and deliver it in very high quality video,` Hastings said on a webcast. The company, in a quarterly letter to shareholders, said it plans to impose `a one or two dollar increase, depending on the country, later this quarter for new members only.` Subscription fees will rise in each of the 41 countries where Netflix operates, Hastings said in an interview.


Tuesday, April 22, 2014  01:17

Yahoo

Business - Netflix plans to raise prices as U.S. streaming subscribers grow


By Lisa Richwine LOS ANGELES (Reuters) - Video streaming service Netflix Inc said it intends to raise the monthly subscription price for new customers by $1 or $2 a month to help the company buy more movies and TV shows and improve service for its 48 million global subscribers. Investors welcomed the announcement by Netflix, which had suffered from a consumer exodus and stock plunge after it announced an unpopular price increase in July 2011. Chief Executive Reed Hastings said Netflix had improved its selection of TV shows and movies and added original series like critically acclaimed Kevin Spacey thriller `House of Cards.` With added revenue from higher prices, `we will be able to license much more content and deliver it in very high quality video,` Hastings said on a webcast. Netflix has `room to raise prices,` FBN Securities analyst Shebly Seyrafi said, because `they`re still seeing a lot of demand` for the service.


Monday, April 21, 2014  23:42

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Business - Samsung Speaks Up about the Future of Smart Home Services


“In the next two to three years, smart home services will provide an enormous benefit for people—just as smartphones and smart TVs do now.”   This prediction comes from Won-Pyo Hong, President of Samsung Electronics` …


Tuesday, April 22, 2014  03:19

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World - Egyptian policeman, militant killed in security force operation: ministry


CAIRO (Reuters) - An Egyptian police officer and a militant were killed on Wednesday during an operation by security forces to capture wanted militants near the city of Alexandria, the Interior Ministry said. Gunmen had opened fire on the security forces as the police arrived at their hideout in Borg El Arab, some 45 km (28 miles) south-west of Alexandria, the Interior Ministry said in a statement. (Writing by Tom Perry; Editing by Michael Georgy)


Wednesday, April 23, 2014  10:12

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Business - Germany`s private sector expands faster in April: PMI


Germany`s private sector expanded faster in April, recovering from a slight slowdown in growth in March, as both manufacturing and services industry activity rose more than expected, surveys showed on Wednesday. Markit`s preliminary composite Purchasing Managers` Index (PMI), which tracks activity in the manufacturing and services sectors and covers more than two-thirds of the euro zone`s largest economy, rose to 56.3 in April from March`s final 54.3. `This is a nice bounce back with good broadbased growth in the services and manufacturing sector... It is looking like it will be a good year for Germany,` Markit economist Chris Williamson said. Germany`s economy expanded just 0.4 percent in 2013, but growth is seen picking up this year, driven by domestic demand.


Wednesday, April 23, 2014  09:48

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Sports - Youth served as DeRozan leads `Northern Uprising`


By Steve Keating TORONTO (Reuters) - The Toronto Raptors have promoted their return to the NBA postseason after a six-year absence as a `Northern Uprising` and on Tuesday they backed up the marketing campaign with a 100-95 win over the Brooklyn Nets. The victory was the Raptors` first in the post-season since 2008 and sends the best-of-seven Eastern conference first round series back to Brooklyn for Game Three on Friday level at 1-1. `We`re going to be the underdog again and we have to do the same thing there.` The series is clearly defined, a classic matchup pitting Brooklyn`s veteran savvy against the young Raptors enthusiasm. The Nets won Game One when future Hall of Famers Paul Pierce and Kevin Garnett stepped up late in the match but on Tuesday the Raptors` young guard DeMar DeRozan showed the way with 30 points, including 17 in the fourth quarter.


Wednesday, April 23, 2014  05:17

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