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EU antitrust regulators say probing possible German car cartel

EU antitrust regulators say probing possible German car cartel

German magazine Der Spiegel reported on Friday that VW, BMW, Audi, Porsche may have colluded to fix the prices of diesel emissions treatment systems using industry committees. BRUSSELS: EU antitrust regulators are investigating allegations of a cartel among a group of German carmakers, the European Commission said on Saturday, a measure that could result in hefty […]

July 23, 2017 | By | Reply More
Reliance rattles Indian telcos again by unveiling ‘free’ 4G phone

Reliance rattles Indian telcos again by unveiling ‘free’ 4G phone

India’s richest man Mukesh Ambani, unveiled a low-cost 4G-enabled phone on Friday to woo tens of millions of new customers. MUMBAI: India’s disruptive new mobile entrant Reliance Jio, backed by the country’s richest man Mukesh Ambani, unveiled a low-cost 4G-enabled phone on Friday to woo tens of millions of new customers, further destabilising established telecoms […]

July 23, 2017 | By | Reply More
China insurance regulator urges industry to show more ‘self-discipline’

China insurance regulator urges industry to show more ‘self-discipline’

In recent years, some insurers have taken sizable stakes in listed companies, often funded by issuing high-yield, short-term universal life insurance and other investment products. BEIJING: China’s insurance regulator has urged the industry to show greater “self-discipline” and “serve the real economy”, in a nod to the central government’s focus on fighting financial risk. In […]

July 23, 2017 | By | Reply More
India’s Delhi government tells Philip Morris to remove all ads

India’s Delhi government tells Philip Morris to remove all ads

India enacted its national tobacco control law in 2003 and has since added rules to strengthen it, but government officials say companies get away with violations because law enforcement is weak. NEW DELHI: The state government in India’s capital told Philip Morris International Inc and other tobacco companies on Saturday to remove all advertisements from […]

July 23, 2017 | By | Reply More
EU’s car regulator warns against car diesel ban in cities

EU’s car regulator warns against car diesel ban in cities

Commissioner Elzbieta Bienkowska said there would be no benefit in a collapse of the market for diesel cars. BRUSSELS: Banning diesel cars in European cities could hamper automakers’ ability to invest in zero-emission vehicles, the European Union’s commissioner for industry has warned the bloc’s transport ministers. In a letter seen by Reuters, Commissioner Elzbieta Bienkowska […]

July 22, 2017 | By | Reply More
French grape harvest heading to historic low

French grape harvest heading to historic low

PARIS: Knocked off course by a cold spring snap, French wine production from Bordeaux to Alsace has dropped dramatically this year and could hit “a historic low“, according to the agriculture ministry.

July 22, 2017 | By | Reply More
Truckers crying foul over massive delays at Westports

Truckers crying foul over massive delays at Westports

KLANG: The ongoing massive congestion at Westports is taking a heavy toll not only on hauliers in terms of financial losses but also truck drivers’ health.

July 22, 2017 | By | Reply More
Ringgit's performance likely to be encouraging next week

Ringgit's performance likely to be encouraging next week

KUALA LUMPUR: The ringgit’s performance is likely to be encouraging with an upside bias against the US dollar next week as Bank Negara Malaysia reaffirms the local note’s steadiness, said RHB Research. In a note today, RHB Research said, the central bank has indicated that the ringgit has stabilised following its implementation of foreign exchange […]

July 22, 2017 | By | Reply More
M'sian rubber industry shifting to high-value engineering: Mah Siew Keong

M'sian rubber industry shifting to high-value engineering: Mah Siew Keong

KUALA LUMPUR: The Malaysian rubber export industry is moving towards high-value precision engineering, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said today.

July 22, 2017 | By | Reply More
Bursa Malaysia likely to be firm next week

Bursa Malaysia likely to be firm next week

KUALA LUMPUR: Trading on Bursa Malaysia is likely to be firm next week and the FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to move around 1,770-level, backed by both external and domestic factors, namely gains in global bourses as well as the coming Budget 2018. Affin Hwang Investment Bank Vice-President/Head of Retail Research, Datuk […]

July 22, 2017 | By | Reply More