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Samsung skepticism grows as analysts slash estimates

Bloomberg Asia’s technology rally this year appears to be sputtering as analysts at two firms cut their forecasts yesterday for Samsung Electronics Co.’s fourth-quarter operating profit, fuelling growing skepticism the industry’s gains are running out of gas. HI Investment & Securities Co. cut its fourth-quarter operating profit estimate for Samsung by 4.8 percent to 15.7 trillion won ($14.5 billion) from ...

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Graying Singapore embraces technology to face health challenges

Bloomberg Singapore is embracing technology and focussing more on personal health, as an expected doubling of seniors over the next two decades forces the nation to confront politically sensitive decisions on financing and immigration. While Singapore’s aging population is something to celebrate in reflecting longevity, it’s also forcing the city to become more nimble in how it approaches the challenges, ...

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MLB, Bejing Enterprises to build baseball academies

Bloomberg Major League Baseball (MLB) has signed a 10-year partnership with state-owned Beijing Enterprises Real-Estate Group Ltd. to help grow the sport in China. The partnership, announced this morning, will focus on expanding the number of baseball facilities in the world’s most populous country. The aim is to build at least 20 development centres where Chinese students ages 7 to ...

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