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KL shares open higher

KL shares open higher

KUALA LUMPUR: Bursa Malaysia rebounded at the opening today as buying interests emerged following three straight days of losses, dealers said. At 9.15am, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,775.45, up 1.87 points against yesterday’s close of 1,773.58. Earlier, the benchmark index opened 1.87 points higher at 1,775.45. On the broader market, […]

September 21, 2017 | By | Reply More
Sept 21: KL shares open higher

Sept 21: KL shares open higher

KUALA LUMPUR: Bursa Malaysia rebounded at the opening today as buying interests emerged following three straight days of losses, dealers said. At 9.15am, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,775.45, up 1.87 points against yesterday’s close of 1,773.58. Earlier, the benchmark index opened 1.87 points higher at 1,775.45. On the broader market, […]

September 21, 2017 | By | Reply More
Infinium Pioneers Autonomous Indoor Stock-Taking Drone System

Infinium Pioneers Autonomous Indoor Stock-Taking Drone System

The award-winning robotics startup, Infinium has successfully developed Infinium Scan to help companies excel in operations productivity and improve customer experience while reducing costs at the same time. Aiming to be the answer to slow stock checking turnover in a warehouse environment, Infinium Scan’s fully autonomous drone solution enable businesses achieve intraday stock resolution. It […]

September 21, 2017 | By | Reply More
Apple shares slip on smartwatch reviews

Apple shares slip on smartwatch reviews

Some analysts also see iPhone 8 pre-orders lagging behind those of the prior generation, possibly because people are more interested in a 10th-anniversary iPhone X model due out later in the year. SAN FRANCISCO: Apple shares slipped Wednesday after mixed reviews of its latest smartwatch and amid concerns pre-orders of coming iPhone 8 models were […]

September 20, 2017 | By | Reply More
FedEx says financial drain from cyber attack to linger through 2018

FedEx says financial drain from cyber attack to linger through 2018

FedEx also says in filings its second-quarter 2018 results will be hurt by the integration of TNT Express and disruptions to its service from hurricanes that unleashed damage across the southern United States in recent weeks. NEW YORK: Package delivery company FedEx Corp said on Wednesday a June cyber attack on its Dutch unit will […]

September 20, 2017 | By | Reply More
Fed keeps US rates steady, to start portfolio drawdown in October

Fed keeps US rates steady, to start portfolio drawdown in October

Fed Chair Janet Yellen says that the fall in inflation this year remained a mystery, adding that the central bank was ready to change the interest rate outlook if needed. WASHINGTON: The US Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year […]

September 20, 2017 | By | Reply More
Waymo seeking US$2.6 billion from Uber for one trade secret

Waymo seeking US$2.6 billion from Uber for one trade secret

Waymo claimed in a lawsuit earlier this year that former engineer Anthony Levandowski downloaded more than 14,000 confidential files before leaving to set up a self-driving truck company, which Uber acquired soon after. SAN FRANCISCO: Alphabet Inc’s Waymo unit is seeking about US$2.6 billion from Uber for the alleged theft of one of several trade […]

September 20, 2017 | By | Reply More
The case against shrinking the Fed’s balance sheet

The case against shrinking the Fed’s balance sheet

AS EXPECTED, the Federal Reserve announced on September 20th that it will soon begin reversing the asset purchases it made during and after the financial crisis. From October, America’s central bank will stop reinvesting all of the money it receives when its assets start to mature. As a result, its $4.5trn balance-sheet will gradually shrink. […]

September 20, 2017 | By | Reply More
Pfizer files suit against J&J over Remicade contracts

Pfizer files suit against J&J over Remicade contracts

Pfizer said in the suit that J&J is offering discounts on its Remicade treatment in exchange for essentially excluding Pfizer’s drug from insurance coverage, keeping it out of the hands of patients. NEW YORK: Drugmaker Pfizer Inc on Wednesday filed a lawsuit against Johnson & Johnson, saying its rival’s contracts with health insurers for blockbuster […]

September 20, 2017 | By | Reply More
Toshiba to sell chip unit to Bain Capital-led group for US$18 billion

Toshiba to sell chip unit to Bain Capital-led group for US$18 billion

Toshiba said the sale would boost its finances by 740 billion yen after taxes. That would pull it out of negative shareholder equity, a key step it aims to achieve by March to remain listed. TOKYO: Japan’s Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by US private […]

September 20, 2017 | By | Reply More