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YouTube negotiating streaming rights for shows, movies

YouTube negotiating streaming rights for shows, movies

Move aims to help YoutubeRed compete with rivals Netflix and Amazon. BANGALORE: Alphabet Inc’s YouTube is aiming to get rights for streaming TV series and movies for its $9.99-a-month subscription service as it tries to step up competition against rivals such as Netflix Inc and Amazon.com Inc, the Wall Street Journal reported, citing people familiar […]

December 3, 2015 | By | Reply More
EU, Vietnam sign free trade deal

EU, Vietnam sign free trade deal

Vietnam’s agreement signed after two years, EU agreements with other ASEAN countries currently in negotiations. BRUSSELS: The EU and Vietnam on Wednesday signed a free trade deal that removes nearly all tariffs between Europe and one of the world’s last communist states. “Today’s signature is not the end of our relations but the beginning of […]

December 3, 2015 | By | Reply More
Citi: U.S. recession, zero interest rates in China next year

Citi: U.S. recession, zero interest rates in China next year

December 3, 2015 Global outlook darkening with 65% chance of US recession LONDON: The outlook for the global economy next year is darkening, with a U.S. recession and China becoming the first major emerging market to slash interest rates to zero both potential scenarios, according to Citi. As the U.S. economy enters its seventh year […]

December 3, 2015 | By | Reply More
Malaysia’s credit rating affirmed at A-, outlook generally stable

Malaysia’s credit rating affirmed at A-, outlook generally stable

Malaysian fiscal finances improving, supported by GST and fuel subsidy reform KUALA LUMPUR: Credit rating agency Fitch maintained Malaysia’s long-term foreign currency issuer default rating (IDR) at A- and local currency at A, with the outlook revised to stable from negative previously. Fitch said in a statement that Malaysia’s fiscal finances have improved and views […]

December 3, 2015 | By | Reply More
Asian stocks slip after Yellen’s interest hike comments

Asian stocks slip after Yellen’s interest hike comments

Euro volatility expected too, but faith in US economy partially restored TOKYO: Asian stocks slipped and the dollar advanced on Thursday after hawkish comments from Federal Reserve Chair Janet Yellen reinforced the case for an interest rate hike later this month. Japan’s Nikkei .N225 lost 0.3 percent, moving in a tight range as a wait-and-see […]

December 3, 2015 | By | Reply More
GM study: SE Asia needs to open markets more

GM study: SE Asia needs to open markets more

BEIJING: Despite numerous pledges and years of effort to transform Southeast Asia into a single market, the 10-nation region remains resistant to free-flowing trade and fortified against imports, to the cost of some global companies, according to a study for one of the region’s biggest investors. The study, commissioned and paid for by US automaker […]

December 2, 2015 | By | Reply More
U.S. says supports Thailand’s relationship with China

U.S. says supports Thailand’s relationship with China

BANGKOK: The U.S. Ambassador to Thailand said on Monday that the United States supports Thailand’s relationship with China, countering suggestions that Thailand has turned to Beijing amid a chill in ties between Bangkok and Washington. Ambassador Glyn Davies’s comments follow those by the Thai junta last week that it was not distancing itself from the United […]

December 1, 2015 | By | Reply More
OPEC set to include Indonesian output, hope of non-OPEC talks fade

OPEC set to include Indonesian output, hope of non-OPEC talks fade

VIENNA: OPEC is set to debate a technical increase of its production ceiling later this week to accommodate returning member Indonesia, delegates said on Monday, while hopes of a meaningful dialogue with rival non-OPEC members all but faded. Indonesia asked OPEC this year to renew its membership, aiming to benefit from closer ties with oil […]

December 1, 2015 | By | Reply More
Europe-bound diesel diverted to stronger Asian market

Europe-bound diesel diverted to stronger Asian market

SINGAPORE: Diesel cargoes which had planned to discharge in a heavily-supplied Europe have recently been redirected to Asia where the strong demand and refinery outages have constrained supplies. The reverse in flows is likely to lead to a weakening in Asian diesel refining margins but is not expected to change the picture for Europe as markets […]

December 1, 2015 | By | Reply More
Asian shares firm as focus turns to China PMI surveys

Asian shares firm as focus turns to China PMI surveys

TOKYO: Asian shares were solidly higher on Tuesday, shrugging off one Chinese factory survey that did little to ease persistent concerns about cooling growth in the economy, while a private survey showed a hint of stabilization. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS extended early gains and was up 1.1 percent, while Japan’s […]

December 1, 2015 | By | Reply More