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BNM: No plans to set up cryptocurrency exchange

BNM: No plans to set up cryptocurrency exchange

KUALA LUMPUR: Bank Negara Malaysia (BNM) has categorically stated that there are no formal plans to establish nor appoint an official cryptocurrency exchange in Malaysia. In a statement today, BNM said the article, published by Malaysian Reserve, titled, “Govt may appoint an official cryptocurrency exchange”, was speculative in nature and its statement implying that the […]

November 24, 2017 | By | Reply More
Peugeot-owner to use Opel site to assemble engines-Les Echos

Peugeot-owner to use Opel site to assemble engines-Les Echos

PARIS: Peugeot-owner PSA will use an existing Opel site in eastern Europe to assemble 200,000 petrol engines instead of building new capacity on its own site in Slovakia as initially planned, Les Echos newspapers said on Thursday. A spokesman for PSA declined to comment on whether the engines would be assembled at an Opel site, […]

November 24, 2017 | By | Reply More
Chinese airlines court Cathay pilots facing pay squeeze

Chinese airlines court Cathay pilots facing pay squeeze

SHANGHAI: Chinese airlines are circling disaffected pilots at Hong Kong’s Cathay Pacific Airways, offering sky-high salaries to fill a shortage of experienced captains in a rapidly expanding aviation industry. Chinese carriers, including China Southern Airlines , Hainan Airlines  and Juneyao Airlines, will need more than 100,000 new pilots over the next two decades, according to […]

November 24, 2017 | By | Reply More
Workers at Amazon’s main Italian hub, German warehouses strike on Black Friday

Workers at Amazon’s main Italian hub, German warehouses strike on Black Friday

Workers at Amazon’s main Italian hub, German warehouses strike on Black Friday Reuters MILAN: Workers at Amazon’s main distribution hub in Italy are planning their first ever strike for Friday, trade unions said, while they are also striking at six warehouses in Germany, threatening to disrupt one of the year’s busiest shopping days. Like the […]

November 24, 2017 | By | Reply More
Uber told SoftBank about data breach before telling public

Uber told SoftBank about data breach before telling public

LONDON: Uber Technologies Inc said on Thursday that it discussed a massive data breach with potential investor SoftBank Group Corp ahead of going public with details of the incident on Tuesday. The ride-hailing service is trying to complete a deal in which the Japanese company would invest as much as $10 billion (£7.52 billion) for […]

November 23, 2017 | By | Reply More
Malaysia’s AirAsia X posts Q3 loss on rising costs

Malaysia’s AirAsia X posts Q3 loss on rising costs

KUALA LUMPUR: AirAsia X Bhd posted today a net loss for the third quarter versus a year-ago profit, as the long-haul low-cost carrier bore higher costs and lower unit revenue leading to operating losses in its biggest markets — Malaysia and Thailand, Reuters reported. For the July-September period, the airline reported a net loss of […]

November 23, 2017 | By | Reply More
Angry Birds maker’s profits sink despite jump in sales

Angry Birds maker’s profits sink despite jump in sales

HELSINKI: Finland’s Rovio Entertainment, creator of the popular smartphone game Angry Birds, on Thursday posted a profit loss for the third quarter despite rising sales, as it increases its investments with a view to boost its winnings in future. Sales reached 70.7 million euros (nearly US$84 million) in the third quarter compared to 50 million […]

November 23, 2017 | By | Reply More
Singapore growth beats forecasts as global trade improves

Singapore growth beats forecasts as global trade improves

SINGAPORE: Singapore’s economy beat expectations to grow at its fastest pace in nearly four years during the third quarter, data showed Thursday, boosted by a surge in global demand that has buoyed Asia in the face of brewing protectionist fears. The forecast-beating performance for the island-state follows similarly strong readings from the Philippines, Malaysia, Thailand, […]

November 23, 2017 | By | Reply More
Member of Kuok family wants full control of Rolling Stone

Member of Kuok family wants full control of Rolling Stone

SINGAPORE: The 29-year-old founder of Singapore’s BandLab Technologies Ltd says he wants to buy the 51% of Rolling Stone he doesn’t own, to add the world-famous brand to his growing global music business. Kuok Meng Ru, a member of one of Asia’s richest families, said he’s in talks to take over the magazine after Jann […]

November 23, 2017 | By | Reply More
As Black Friday nears, US stores get creative to battle e-commerce

As Black Friday nears, US stores get creative to battle e-commerce

NEW YORK: The photo op with Santa Claus has long been a holiday mainstay for American children. But this year, shopping malls in several states are scheduling glamour shots for man’s best friend. As the Christmas shopping season kicks into high gear on Black Friday, the day after Thanksgiving, portraits of St. Nick with a […]

November 23, 2017 | By | Reply More