RSSCategory: News

TRX City Welcomes Malaysian Government’s Support

TRX City Welcomes Malaysian Government’s Support

TRX City Sdn Bhd welcomes the Ministry of Finance’s support towards the completion of the Tun Razak Exchange development following the Finance Minister YB Lim Guan Eng’s announcement. TRXC’s CEO Datuk Azmar Talib says, “We thank the Government of Malaysia for having confidence in TRX, KL’s new international financial district. Our investors will view this […]

June 22, 2018 | By | Reply More
Goldman,Morgan Stanley say low test scores may not curb payouts

Goldman,Morgan Stanley say low test scores may not curb payouts

While all 35 of the lenders in the opening round of the central bank’s stress test showed they could withstand a severe economic downturn, not every one cleared the bar by a comfortable margin. Harsher scenario. (Bloomberg pic) NEW YORK: Goldman Sachs Group Inc. and Morgan Stanley are imploring investors not to get spooked. The […]

June 22, 2018 | By | Reply More
Tesla to close a dozen solar facilities in nine states – documents

Tesla to close a dozen solar facilities in nine states – documents

The company said that cuts to its overall energy team – including batteries to store power – were in line with the broader 9% staff cut. Elon Musk, Chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity’s Inside Energy Summit in Midtown, New York. (Reuters pic) SAN FRANCISCO: Electric car maker Tesla Inc’s […]

June 22, 2018 | By | Reply More
Trade war fears weigh on stocks as Dow falls for 8th straight day

Trade war fears weigh on stocks as Dow falls for 8th straight day

A day before the European Union was to slap retaliatory tariffs on a range of American benchmark products, including jeans and motorbikes, analysts said trade war fears were quickly turning into the real thing. US stocks.(AFP pic) NEW YORK: Global stock markets fell Thursday on escalating trade tensions with a profit warning from Daimler tied […]

June 21, 2018 | By | Reply More
Red Hat’s cloudy forecast sends shares down 12%

Red Hat’s cloudy forecast sends shares down 12%

The top provider of open source software has been benefiting from a surge in demand from big companies across the world and earns a large chunk of its revenue on a “pay as you go” subscription basis. Red Hat’s revenue doubled, to $2 billion, in four years. It could jump to $3 billion by 2018. […]

June 21, 2018 | By | Reply More
Disney willing to divest more Fox assets for deal clearance

Disney willing to divest more Fox assets for deal clearance

Disney in a regulatory filing said it was willing to divest the assets, potentially including regional sports networks. The 21st Century Fox logo is displayed outside the News Corporation building in the Manhattan borough of New York City, New York. (Reuters pic) BENGALURU: Walt Disney Co said on Thursday it was willing to divest Twenty-First […]

June 21, 2018 | By | Reply More
Wall Street clears stress test hurdle with ample capital

Wall Street clears stress test hurdle with ample capital

The results announced Thursday to mark the third straight year every bank exceeded the Fed’s minimum capital demands, indicating the industry’s increased comfort with reviews that once triggered headaches. Citigroup Inc. signage is displayed outside a bank branch in San Francisco, California, US.          (Bloomberg pic) WASHINGTON: Big banks cleared the first hurdle of this year’s […]

June 21, 2018 | By | Reply More
Xi hits back at critics who call China’s opening up ‘a Joke’

Xi hits back at critics who call China’s opening up ‘a Joke’

Xi’s remarks ended on a conciliatory note, calling on nations to “abandon those Cold War mentalities and zero-sum games. Chinese President Xi Jinping. (AFP pic) BEIJING: Chinese President Xi Jinping hit back at critics, saying in a speech on Thursday that those who think the nation’s opening up is “a joke” haven’t seen the confidence […]

June 21, 2018 | By | Reply More
Retailers have one fewer excuse as states can tax online sales

Retailers have one fewer excuse as states can tax online sales

Good news is a welcome change for a sector that’s endured a brutal few years with surging bankruptcies, store closings and the liquidation of big-name chains like Sports Authority Inc. and Toys “R” Us Inc. Amazon. (Reuters pic) NEW YORK: Chalk up another victory for brick-and-mortar retailers. The industry is on a winning streak after […]

June 21, 2018 | By | Reply More
States can require Internet tax collection, Supreme Court rules

States can require Internet tax collection, Supreme Court rules

Broader taxing power will let state and local governments collect an extra $8 billion to $23 billion a year, according to various estimates. All but five states impose sales taxes. The US Supreme Court is seen after the court revived Ohio’s contentious policy of purging infrequent voters from its registration rolls, overturning a lower court […]

June 21, 2018 | By | Reply More