Business

Cisco stock market slips over weak October guidance

Text size Pau Barrena / AFP via Getty Images Shares of Cisco Systems fell Wednesday after hourly trading after the company posted a weaker-than-expected outlook for the company’s current quarter ending in October. For the fiscal fourth quarter ended July 25, the network giant posted revenue of $ 12.2 billion, …

Read More »

Chinese banks move to comply with US sanctions on Hong Kong

China’s largest state-owned banks operating in Hong Kong are taking tentative steps to comply with US sanctions imposed on city officials, and are trying to protect their access to major dollar financing and foreign networks. Large lenders with operations in the US included Bank of China Ltd., China Construction Bank …

Read More »