Latest Business News: HTC Sees Third-quarter Revenue Sliding Downhill

Wochit 0:54 mins

Taiwan's HTC Corp said it expects revenue to fall as much as 30 percent. A delayed launch for the much-hyped HTC One has highlighted the company's struggles against dominant smartphone makers Apple and Samsung and giving the company a weak outlook for profit margins. Softbank Corp CEO Masayoshi Son said on Tuesday no decision had been made regarding a possible initial public offering for Alibaba, China's and the world's largest Internet retailer. The International Monetary Fund on Monday approved a further 1.7 billion euros ($2.3 billion) in funds for Greece's bailout program after completing the fourth review of the cash-strapped euro zone state.

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