The Traderszone Network

Shares of the company, controlled by Rupert Murdoch, rose about 5.5 percent in extended trading. News Corp said it was reviewing strategic options for Amplify, its flagship digital education brand. Chief Executive Robert Thomson said on a call with analysts that the company was in the final phase of talks with a potential acquirer for the business.

Kraft Heinz Co said it will eliminate 2,500 jobs in the United States and Canada, including about 700 at its headquarters in Northfield, Illinois. Heinz, backed by Warren Buffett’s Berkshire Hathaway Inc …

America Movil is still sniffing out deals in Europe, which could become twice as important for the Mexican telecom company’s revenue base within five years, its chief financial officer said on Wednesday. Shares of America Movil, which is controlled by the family of billionaire Carlos Slim, are down more than 5 percent this year as it grapples with the prospect of competition from AT&T Inc, tough new regulation in its biggest market, Mexico, as well as likely recession in its second-largest market, Brazil.

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Boeing Co (BA.N) is still seeing strong demand for civilian aircraft and pressure to increase its production rates, despite concerns about slowing growth in China and several years of record aircraft orders. “We’re not seeing a slowdown in demand,” Chief Financial Officer Greg Smith said at an investor conference on Wednesday hosted by investment bank Jefferies. Cutting production costs on the 787 Dreamliner is a top priority at the Chicago-based company.

Japanese telecoms group SoftBank, the majority owner of Sprint, said it acquired 22.9 million additional shares in the U.S. wireless carrier.

Forex news for Asia trading Thursday 13 August 2015   
China
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The debate continues ….
Eyes turned once again to the People’s Bank of China today, both for the yuan reference rate fixing and the following briefing from the bank.

Global gold demand slumped in the second quarter as consumers in China and India continued to pull back on purchases of jewelry, coins and bars.