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Author: traderhub8   |   Latest post: Tue, 20 Aug 2019, 10:38 AM

 

Phillip Capital Morning Note

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Secretary of State Michael Pompeo came close to issuing an us-or-them ultimatum to nations buying from Huawei Technology Co., saying in Hungary that contracts with the Chinese networking giant could limit the availability of U.S. equipment.

Reddit Inc. said Monday that it raised $300 million from investors. It was one backer, in particular, that drew condemnation from members of Reddit’s online community. Chinese internet giant Tencent Holdings Ltd. was among the investors in the round, which values the link-sharing website at $3 billion.

Former Citibank Singapore CEO Han Kwee Juan will be joining DBS Group Holdings as group head of strategy and planning in April, DBS announced on Monday.

Source: Bloomberg, The Business Times

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