Tag Archives: Asia

Facebook and Google are building undersea internet cables around the world — and are betting that the investments will bring in millions of new customers. Facebook revealed Sunday that it is helping build a 7,500-mile cable connecting countries including Japan, Indonesia, the Philippines and Taiwan. The cable, called Project Apricot, is expected to launch in 2024 and will help deliver better 4G, 5G and broadband internet to the region, according to Facebook.  That… Source link

(Bloomberg) — Alphabet Inc.’s Google and Facebook Inc. announced their participation in a new subsea cable system for 2024 set to improve internet connectivity across the Asia-Pacific region. Dubbed Apricot, the infrastructure project will link Japan, Singapore, Taiwan, Guam, the Philippines and Indonesia and help serve growing demand for broadband access and 5G wireless connectivity, Facebook said. In March, the company announced two new transpacific subsea cables connecting Singapore to… Source link

(Bloomberg) — Most Asian stocks rose early Monday after U.S. shares rallied to an all-time high on corporate earnings, though traders are also mulling China’s technology-sector crackdown and an upcoming Federal Reserve meeting. Japan jumped after reopening from a two-day holiday, Australia edged up and South Korea fluctuated. Futures slid in Hong Kong, where an index offering exposure to China’s internet giants is the world’s worst-performing major tech gauge. Beijing’s latest… Source link

More than 11,000 students and 3,000 proud parents turned up unmasked at a stadium in Wuhan, China, for a graduation ceremony. Stringer/Reuters China Thousands of students and their parents attended a graduation ceremony at a stadium in Wuhan, China. The grads in the coronavirus pandemic’s first epicenter weren’t wearing masks or social distancing. This is because China has reported fewer than 20 cases a day across its 23 provinces. Visit Insider’s homepage for more stories. For several thousand… Source link

The vessel used to lay one of Google’s other subsea cables. Google Facebook and Google are planning to lay two huge subsea cables that will link the U.S. West Coast to Singapore and Indonesia, Southeast Asia’s biggest economy and home to a growing number of smartphone users.  The Echo and Bifrost trans-Pacific cables will increase the data capacity between the regions by 70% and improve internet reliability, Facebook said Monday. While Facebook is investing in both cables, Google is only… Source link

Facebook Inc (NASDAQ: FB) is planning two undersea cables, along with Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG), which will connect Southeast Asia with North America, Reuters reported Monday.What Happened: The two cables named — Echo and Bifrost — will be the first to go through a new diverse route across the Java Sea and will increase trans-pacific subsea capacity by nearly 70%, according to Kevin Salvadori, Facebook’s vice president of Network Investments. The cables will directly… Source link

By Fanny Potkin, Aradhana Aravindan SINGAPORE (Reuters) – Facebook said on Monday it planned two new undersea cables to connect Singapore, Indonesia and North America in a project with Google and regional telecommunication companies to boost internet connection capacity between the regions. “Named Echo and Bifrost, those will be the first two cables to go through a new diverse route crossing the Java Sea and they will increase overall subsea capacity in the trans-pacific by about 70%,”… Source link

Bloomberg Turkey Says April Rate Cut Shouldn’t Be Taken for Granted (Bloomberg) — Turkish central bank Governor Sahap Kavcioglu said markets shouldn’t take for granted that he’ll cut interest rates as soon as April, when he sets monetary policy for the first time since his surprise appointment.“I do not approve a prejudiced approach to MPC decisions in April or the following months, that a rate cut will be delivered immediately,” Kavcioglu said in a written response to questions… Source link

TipRanks Goldman Sachs Bets on These 3 Stocks; Sees Over 50% Upside Potential What goes up must come down, as we all know. This fact of physics is the underlying worry of the stock market, that fuels our suspicions of bubbles. But investment firm Goldman Sachs doesn’t believe we should worry; the firm’s chief global equity strategist Peter Oppenheimer gives several reasons to expect that the market’s current upward trend is real. His key points include the equity risk premium, the real… Source link

TipRanks Billionaire Steven Cohen Picks Up These 3 “Strong Buy” Stocks Last week, the NASDAQ slipped below 13,200, making the net loss from its all-time peak, reached earlier this month, 6.4%. If this trend keeps up, the index will slip into correction territory, a loss of 10% from its peak. So what exactly is going on? At bottom, it’s mixed signals. The COVID-19 pandemic is starting to fade and the economy is starting to reopen – strong positives that should boost markets. But an… Source link