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Pandora soars after report that PE funds may buy jewellery maker

Pandora soars after report that PE funds may buy jewellery maker

Pandora jewellery (Bloomberg pic) COPENHAGEN: Pandora A/S shares soared in Copenhagen on a report that private equity funds are considering buying the beleaguered Danish jewellery maker. The stock added as much as 11%, the most since May 2016, after Italian daily Il Sole 24 Ore said KKR and Bain Capital are among private-equity funds that […]

September 18, 2018 | By | Reply More
Alibaba’s Jack Ma warns US-China trade war could last 20 years

Alibaba’s Jack Ma warns US-China trade war could last 20 years

Jack Ma (Bloomberg pic) HONG KONG: Alibaba co-founder Jack Ma sent out a grave warning regarding the trade war between the US and China: It’s going to last longer and have a bigger impact than most people think. The chairman of Alibaba Group Holding Ltd said the dispute could last 20 years and persist beyond […]

September 18, 2018 | By | Reply More
EU targets BMW, Daimler, VW in pollution cartel probe

EU targets BMW, Daimler, VW in pollution cartel probe

A new twist in the pollution saga exactly three years after dieselgate (AFP pic) BRUSSELS: The EU opened an in-depth probe into alleged collusion by major German carmakers over anti-pollution technology Tuesday, a fresh blow to the scandal-hit industry three years after the notorious “dieselgate.” Competition Commissioner Margrethe Vestager said BMW, Daimler and VW are […]

September 18, 2018 | By | Reply More
China vows to hit back as Trump targets US$200 billion in goods

China vows to hit back as Trump targets US$200 billion in goods

Investors have been spooked by reports that Donald Trump is considering imposing tariffs on another $200 billion of Chinese imports (AFP pic) WASHINGTON: China on Tuesday vowed to retaliate against the United States and warned of “uncertainty” in trade talks after President Donald Trump targeted another US$200 billion in Chinese imports with tariffs starting next […]

September 18, 2018 | By | Reply More
Indonesia billionaire family reshuffles empire on currency rout

Indonesia billionaire family reshuffles empire on currency rout

James Riady, Chief Executive Officer of Lippo Group, speaks to members of the media at the announcement for the Meikarta project at a news conference in Jakarta, Indonesia May 4, 2017. (Reuters pic) JAKARTA: Southeast Asia’s billionaire Riady family is rejigging its health-care holdings as its core property business grapples with the emerging-market rout. OUE […]

September 18, 2018 | By | Reply More
Malaysia’s Axiata scraps RM3.89 bil Pakistan deal

Malaysia’s Axiata scraps RM3.89 bil Pakistan deal

KUALA LUMPUR/SINGAPORE: A unit of Malaysian telecoms firm Axiata Group has called off a US$940 million (RM3.89 billion) deal to buy 13,000 telecoms towers in Pakistan after regulators there failed to provide all approvals for the transaction announced a year ago. Axiata subsidiary edotco Group Sdn Bhd said in a statement on Monday that it […]

September 18, 2018 | By | Reply More
Canada trade minister pushes quick ratification of trade deal with Asia Pacific

Canada trade minister pushes quick ratification of trade deal with Asia Pacific

Jim Carr (L) Canadian Minister of International Trade meets with Liam Fox, Secretary of State for International Trade of Britain in Ottawa, Ontario, on September 17, 2018. Carr said Ottawa would now push Trans Pacific Partnership ratification in parliament. (AFP pic) OTTAWA: Canada’s trade minister on Monday signalled that the government will push ratification of […]

September 18, 2018 | By | Reply More
US gives rare earths reprieve in revised US$200 billion China tariff list

US gives rare earths reprieve in revised US$200 billion China tariff list

A labourer operates a bulldozer at a site of a rare earth metals mine at Nancheng county, Jiangxi province,China March 14, 2012. (Reuters pic) BEIJING: The United States did not include rare earth elements, metals used in magnets, radars and consumer electronics, from its final list of tariffs on US$200 billion of Chinese goods, underscoring […]

September 18, 2018 | By | Reply More
Renault-Nissan alliance takes Google Android for a drive

Renault-Nissan alliance takes Google Android for a drive

Renault wants to give drivers “a digital continuity between the car and the outside world”. (AFP pic)  PARIS: Renault’s alliance with Nissan and Mitsubishi said Tuesday it would start equipping its cars with the Android operating system to make dashboards smart. Under a deal with web giant Google, the Renault-led group – the world’s largest […]

September 18, 2018 | By | Reply More
Gamuda submits RM963 million joint-bid for Singapore land

Gamuda submits RM963 million joint-bid for Singapore land

KUALA LUMPUR: Gamuda Bhd and Evia Real Estate (7) Pte Ltd, which jointly tendered for a 51,411.9-square metre plot of land at Anchorvale Crescent in Singapore, have emerged with the highest bid at S$318.89 million (RM963 million). In a filing with Bursa Malaysia today, Gamuda said the Housing and Development Board of Singapore (HDB) had […]

September 18, 2018 | By | Reply More