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Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

At 9.03 am, the ringgit was quoted at 4.0530/0600 against the greenback compared with Tuesday ‘s close of 4.0445/0485. Ringgit Malaysia. (Bernama pic) KUALA LUMPUR: The ringgit extended its loss from yesterday to open lower against a firmer dollar today and amid lower crude oil prices. At 9.03 am, the ringgit was quoted at 4.0530/0600 […]

July 18, 2018 | By | Reply More
Boeing gets US$3.9 billion contract for new Air Force One jets

Boeing gets US$3.9 billion contract for new Air Force One jets

Boeing’s contract for development work had been expanded to include design, modification and fielding of two mission-ready presidential 747-8 aircraft. Air Force One sits on the tarmac at Joint Base Andrews in Maryland, US, December 2016. (Reuters pic) WASHINGTON: Boeing Co has received a US$3.9 billion contract to build two 747-8 aircraft for use as […]

July 18, 2018 | By | Reply More
Bega Cheese to buy Saputo dairy plant for US$184.5 mln

Bega Cheese to buy Saputo dairy plant for US$184.5 mln

Australian Competition and Consumer Commission concerned Victorian farmers have little choice when selling their milk after Saputo acquired Murray Goulburn Co-operative. Lino Saputo Jr., president and chief executive officer of cheese manufacturing company Saputo Inc, August 2010. (Reuters pic) CANBERRA: Australia’s Bega Cheese Ltd said on Wednesday it has agreed to buy a dairy processing facility […]

July 18, 2018 | By | Reply More
WTO’s credibility, survival at risk as trade war looms

WTO’s credibility, survival at risk as trade war looms

The credibility and survival of the World Trade Organization (WTO) is under “serious threat” as major economies put up protectionist barriers. A World Trade Organization (WTO) logo is pictured on their headquarters in Geneva, Switzerland, June 3, 2016. (Reuters pic) GENEVA: The credibility and survival of the World Trade Organization (WTO) are under “serious threat” […]

July 18, 2018 | By | Reply More
J&J beats quarterly expectations on drug sales surge, shares jump

J&J beats quarterly expectations on drug sales surge, shares jump

Johnson & Johnson reported a better-than-expected second-quarter profit as sales of pharmaceuticals surged 20%. The Johnson and Johnson logo is seen at an office building in Singapore January 17, 2018. (Reuters pic) BENGALURU:  Johnson & Johnson on Tuesday reported a better-than-expected second-quarter profit as sales of pharmaceuticals surged 20% despite a sharp decline in blockbuster […]

July 18, 2018 | By | Reply More
Tesla Model 3 is most profitable electric car

Tesla Model 3 is most profitable electric car

Sandy Munro, president of Michigan-based Munro & Associates, said the car generates net profit margins in excess of 30%. The front hood logo on a 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, US, June 1, 2018. (Reuters pic) DETROIT: The Tesla Inc Model 3 sedan is […]

July 17, 2018 | By | Reply More
Netflix shares take hit as subscriber slip hints at “lumpy” road ahead

Netflix shares take hit as subscriber slip hints at “lumpy” road ahead

While Wall Street remains overwhelmingly positive on Netflix and its role in video streaming globally, the second quarter figures did raise question marks over future growth. Netflix. (Bloomberg pic) BENGALURU: Shares of Netflix Inc headed for their worst day in two years on Tuesday, falling as much as 14% after reporting a surprise shortfall in new […]

July 17, 2018 | By | Reply More
As Amazon slashes prices, Bezos sees jump in wealth

As Amazon slashes prices, Bezos sees jump in wealth

Bezos’s net worth topped $150 billion on Monday, according to the Bloomberg Billionaires Index, making him the world’s richest person in decades.   Amazon CEO Jeff Bezos and his wife MacKenzie Bezos are seen in Berlin in April 2018 where he received the Axel Springer Award. (AFP pic) WASHINGTON: As Amazon marked its “Prime Day” […]

July 17, 2018 | By | Reply More
EU set to fine Google billions over Android

EU set to fine Google billions over Android

The EU is set to fine Google several billion euros this week for freezing out rivals of its Android mobile phone system. Google has been accused of freezing out rivals of its Android mobile phone system. (AFP pic) BRUSSELS: The EU is set to fine US internet giant Google several billion euros this week for […]

July 17, 2018 | By | Reply More
MAHB inks 4 agreements at international airshow

MAHB inks 4 agreements at international airshow

MAHB chief strategy officer Azli Mohamed says the company aims to provide the best experience for passengers from the time they step into its airports to when they board their flights. MAHB aims to provide the best experience for passengers at its aiports. (Bernama pic) KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) today signed memoranda […]

July 17, 2018 | By | Reply More