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FedEx to raise shipping rates for some services

FedEx to raise shipping rates for some services

The company said rates of FedEx Ground and FedEx Home Delivery will also rise by an average of 4.9%. SAN FRANCISCO: Package delivery company FedEx Corp said on Monday it would raise shipping rates for some of its services from Jan. 1. FedEx Express rates will go up by an average of 4.9% for US […]

September 19, 2017 | By | Reply More
Honda invests US$267 million, to add 300 jobs for new Accord model

Honda invests US$267 million, to add 300 jobs for new Accord model

The new Accord, like rival Toyota Motor Corp’s all-new Camry, offers more horsepower, safety technology like standard collision-avoiding braking and better fuel economy although Honda did not release figures. DETROIT: Honda Motor Co Ltd said on Monday its has invested US$267 million and will add 300 new jobs to support increased production of its revamped […]

September 19, 2017 | By | Reply More
Sept 19: Ringgit opens marginally lower against US dollar

Sept 19: Ringgit opens marginally lower against US dollar

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar this morning as the greenback strengthened ahead of the US Federal Open Market Committee (FOMC) meeting this week. At 9am, the local unit was quoted at 4.1880/1920 against the US dollar, from 4.1870/1900 on Monday. A dealer said investors are awaiting clues on US […]

September 19, 2017 | By | Reply More
Change in new REIT tax ruling may push for more IPO interests: Maybank IB

Change in new REIT tax ruling may push for more IPO interests: Maybank IB

KUALA LUMPUR: Maybank IB Research believed that the revision in the Inland Revenue Board of Malaysia’s (IRB) Taxation of Real Estate Investment Trust (REIT) may lift initial public offering (IPO) interests for unlisted REITs in Malaysia. The new ruling states that REITs which are not listed on Bursa Malaysia would no longer enjoy any tax […]

September 19, 2017 | By | Reply More
Pirelli hits accelerator on Italy relisting

Pirelli hits accelerator on Italy relisting

Tronchetti Provera said the integration of Pirelli’s industrial tyre business into Shanghai-listed Aeolus had gone much more quickly than expected. MILAN: Pirelli will be relisted on the Milan bourse on October 4 following the biggest new share offer in Europe this year, the tyremaker announced on Monday. The manufacturer, an icon of Italian industry famous […]

September 19, 2017 | By | Reply More
Reuters survey: 10,000 UK finance jobs affected in Brexit’s first wave

Reuters survey: 10,000 UK finance jobs affected in Brexit’s first wave

Nearly half of the companies surveyed told Reuters they would have to move staff or restructure their businesses because of Brexit, which is due to take place in March 2019. LONDON: Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access […]

September 19, 2017 | By | Reply More
Ryanair CEO takes rap for costly cancellations ‘cock up’

Ryanair CEO takes rap for costly cancellations ‘cock up’

Europe’s largest airline by passenger numbers blamed a number of factors for the sudden cancellations including a backlog of staff leave, which must be taken by the end of the year, air traffic control strikes and bad weather. DUBLIN: Ryanair boss Michael O‘Leary admitted on Monday to a “cock up” over pilot shortages that led […]

September 19, 2017 | By | Reply More
EU gives nod to RBS competition plan, lifting state aid curbs

EU gives nod to RBS competition plan, lifting state aid curbs

RBS said the funds will open in the first half of next year and Chief Executive Ross McEwan welcomed the EU approval, saying it will bring clarity for customers and staff. BRUSSELS: European Union regulators approved a British plan allowing bailed-out Royal Bank of Scotland to support smaller alternative banks with funds totaling around 835 […]

September 18, 2017 | By | Reply More
Nvidia hits another record high as AI takes centerstage

Nvidia hits another record high as AI takes centerstage

Nvidia has been rapidly expanding into newer technologies including artificial intelligence, cloud computing and self-driving cars, away from designing graphics-processing chips for which the company was known for. CALIFORNIA: Shares of Nvidia Corp touched a record high for the second straight day on Monday following yet another steep increase in the chipmaker’s price target by […]

September 18, 2017 | By | Reply More
The value of credit-card points

The value of credit-card points

THE value of credit-card points has long been a topic of debate among business travellers. The subject is also picked over online on an impressive number of dedicated blogs and forums. Now it is getting an airing in a different sort of venue: the corruption trial of an American senator. Robert Menendez, a Democratic senator […]

September 18, 2017 | By | Reply More