Author Archive: Free Malaysia Today

rss feed

Author's Website

Gogo’s proposed revamp isn’t selling too well on Wall Street

Gogo’s proposed revamp isn’t selling too well on Wall Street

Its stock has plunged more than 50% this year, hitting a record low July 9 after Guggenheim Partners cut its estimates for the company. A member of the media uses his laptop computer inside a business class seat of a Korean Air Lines Co. Boeing Co. 747-8 passenger aircraft during a media preview at Incheon […]

July 13, 2018 | By | Reply More
Air France-KLM chairwoman blames Accor over CEO search delay

Air France-KLM chairwoman blames Accor over CEO search delay

Anne-Marie Couderc blames AccorHotels for hindering its quest to hire a new CEO. AccorHotels has come under fire from Air France-KLM. (Reuters pic) PARIS: Anne-Marie Couderc, the interim chairwoman of Air France KLM, has blamed AccorHotels for complicating and delaying the airline’s search for a new chief executive, according to an internal memo seen by Reuters. […]

July 13, 2018 | By | Reply More
Bosch must hand over emails in VW emissions suit, court says

Bosch must hand over emails in VW emissions suit, court says

Porsche SE lawyers demanded that Bosch provide emails concerning its business with Volkswagen. Bosch makes the engine units used by Volkswagen. (Reuters pics) FRANKFURT: Supplier Robert Bosch must hand over emails in connection with lawsuits brought by investors against Porsche SE in connection with the Volkswagen (VW) diesel scandal, a Stuttgart regional court ruled on […]

July 13, 2018 | By | Reply More
Hong Kong tutoring firm Bexcellent soars 22% in debut

Hong Kong tutoring firm Bexcellent soars 22% in debut

Tutoring firm’s popularity saw the stock oversubscribed by 289 times, eventually raising US$17.2 million through its IPO. (Reuters pic) HONG KONG: Bexcellent Group Holdings Ltd, whose top tutor earns more than US$5.1 million a year, surged as much as 34% on the first day of trading in Hong Kong. The provider of tutoring services to […]

July 13, 2018 | By | Reply More
Big four London law firms’ profits rise as Brexit approaches

Big four London law firms’ profits rise as Brexit approaches

The big four “magic circle” firms make a large proportion of their revenues outside the UK and Europe and say that Brexit won’t significantly change their business plans. A tourist boat travels along the River Thames towards the City of London skyline in London, U.K., on Wednesday, Oct. 28, 2015. (Bloomberg pic) LONDON: London’s biggest […]

July 13, 2018 | By | Reply More
Late HNA chairman’s stake in conglomerate to go to China-based charity

Late HNA chairman’s stake in conglomerate to go to China-based charity

The decision was announced on Friday by Chief Executive Adam Tan at Wang’s memorial service held in Haikou. HNA Group Co Ltd. (Reuters pic) BEIJING: Late HNA Group Co Ltd co-chairman Wang Jian’s 14.98% stake in the conglomerate will be donated to a China-based charity foundation that is already among its top shareholders, said a person […]

July 13, 2018 | By | Reply More
Ambani set to topple Jack Ma as Asia’s richest person

Ambani set to topple Jack Ma as Asia’s richest person

Ambani’s wealth increased by US$4 billion this year as Reliance doubled its petrochemicals capacity while Reliance Jio Infocomm Ltd outpaced rivals Bharti Airtel and Idea Cellular. Jack Ma (L), Mukesh Ambani (R) (Reuters pic) MUMBAI: Mukesh Ambani is poised to overtake Alibaba Group founder Jack Ma to become Asia’s richest person as he positions Reliance […]

July 13, 2018 | By | Reply More
Chinese imports to US ports start peaking early amid tariff threat

Chinese imports to US ports start peaking early amid tariff threat

The increase implies that some retailers moved up orders to insulate themselves from the trade war. The Port of Los Angeles is the US’ main hub for ocean trade with China. (Reuters pic) LOS ANGELES: Chinese imports to US ports rose more than expected in June, suggesting that some retailers moved up orders to insulate […]

July 13, 2018 | By | Reply More
China June aluminium, steel exports rise as trade row intensifies

China June aluminium, steel exports rise as trade row intensifies

China’s aluminium exports exceeded half a million tonnes for only the second time ever, while steel exports hit an 11-month high. China is the world’s leading steel producer. (Reuters pic) BEIJING: China’s aluminium exports exceeded half a million tonnes for only the second time ever in June while steel exports hit an 11-month high, as […]

July 13, 2018 | By | Reply More
Sterling skids as Trump says trade deal hopes are probably dead

Sterling skids as Trump says trade deal hopes are probably dead

In early London trading, sterling fell to $1.3131, its lowest since July. 3. British Pound Sterling banknotes are seen at the Money Service Austria company’s headquarters in Vienna, Austria, November 16, 2017. (Reuters pic) LONDON: Sterling fell half a percent to a 1-1/2 week low on Friday as a resurgent dollar and comments by President […]

July 13, 2018 | By | Reply More