The Traderszone Network

AmEx’s shares fell 4.1 percent to $60.05 in extended trading on Thursday, after the company reported its fourth straight decline in total revenue, net of interest expense. Total revenue, net of interest expense, fell 7.6 percent to $8.39 billion. AmEx, which also operates payment networks, lost a few lucrative clients such as Fidelity Investments, retailer Costco Wholesale Corp (COST.O) and JetBlue Airways Corp (JBLU.O) last year.

Fitbit gets some positive remarks from Wall Street, but can it play the long game?

The recent market selloff is pummeling the business-technology sector, but it may come with a silver lining for its top players: an opportunity to buy cash-poor upstarts that have been eating away at their business.
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China’s CSI300 index to open higher by 1.1% also
– Elsewhere in the region, Nikkei is up around 3%
– HK +2.45%
– ASX +1.12%

As Netflix continues its global expansion, a crucial shift in strategy at Time Warner’s HBO subsidiary will undoubtedly increase the competition for streaming subscribers.

PBOC hands down the USD/CNY central rate for today, gently nudging CNY ever so slightly higher
– Yesterday’s central rate was 6.5585
–
Yesterday’s yuan setting was overshadowed by the huge injection of funds into the money market, the

Shares in Asia rallied after a volatile week on Friday, as investors put their hopes in more stimulus from the European Central Bank.
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