China's Xiaomi Shows Off Scorching Growth Ahead of Mega IPO

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China's Xiaomi Shows Off Scorching Growth Ahead of Mega IPO

Xiaomi Corp., going for wow-factor ahead of what could be the largest initial public offering since 2014, has revealed a blistering pace of growth that'll help it take on Apple and Samsung in global smartphones. The Chinese smartphone maker filed for an IPO in Hong Kong Thursday, kicking off a process
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Australia's biggest bank lost records for 20 million accounts

Australia's biggest bank has admitted to losing the financial records of almost 20 million customer accounts after a subcontractor lost two magnetic tape drives containing the data in 2016. The Commonwealth Bank (CBA) confirmed the news on Thursday after Buzzfeed News exposed the breach,
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ASIC announces Orica's accounting news … before Orica

Orica's share price took a sudden 0.6 per cent dip shortly after 2pm on Thursday, deepening into a 1.2 per cent slump by 3pm, after ASIC sent out a statement noting Orica's May 7 decision to increase the size of its environmental provision by $114.7 million. But Orica had made no announcement, though
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Dollar at three-and-a-half-month high on elevated yields, euro soft after ECB

TOKYO (Reuters) – The dollar held near a 3-1/2-month high against a basket of currencies on Friday as higher U.S. yields prompted an unwinding of short positions in the currency while the euro was hampered by a dovish tone from the European Central …
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Midsize accounting firms take lead in marijuana work

Marijuana dispensaries need an accountant just like any other business. But some accounting firms are reluctant to bring on pot businesses as clients, afraid of the reputational repercussions or the drug's illegal status federally. The so-called Big Four firms, for instance, appear to be distancing
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