Foxconn considers sale of China display plant

Source: Dukascopy Bank SA
Taiwan's Foxconn is considering to sell its $8.8B display panel plant based in China due to weaker demand for the product caused by intensifying US-Sino trade war, Reuters reported on Friday.
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Fri, 02 Aug 2019 04:48:02 GMT

Amazon chief Bezos cuts his stake in retail giant

Jeff Bezos, the founder of Amazon.com, has sold his shares worth $1.8B during the last days of July, cutting the stake value in the third most valuable group in the world to around $110B.

Fri, 02 Aug 2019 02:42:34 GMT

Pinterest raises revenue on new users

Pinterest raised the full-year forecast for sales and reported revenue above Wall Street's estimates, up 62% to $261M in the second quarter, as the company added 30% more users, causing a 12% rise in shares in extended trading.

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