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Microsoft removes mention of ICE cloud work after protests

Microsoft removes mention of ICE cloud work after protests

Tom Keane, a Microsoft executive, wrote a blog post about new contracts with the US Air Force and ICE for the company’s Azure cloud-computing service. Microsoft Corp. logo, centre, hang beside an illuminated iCloud icon at the CeBIT 2017 tech fair in Hannover, Germany. (Bloomberg pic) Microsoft Corp. scrubbed an online reference to its work […]

June 19, 2018 | By | Reply More
Kuroda should face up to zero-price growth, ex-BOJ official says

Kuroda should face up to zero-price growth, ex-BOJ official says

The Bank of Japan should accept it is making no headway in its efforts to spur 2% inflation and start normalizing policy, according to Tokyo University professor Tsutomu Watanabe. The Bank of Japan (BOJ) headquarters stands in Tokyo, Japan. (Bloomberg pic) TOKYO: The Bank of Japan should accept it is making no headway in its […]

June 19, 2018 | By | Reply More
ZTE plunges as US lawmakers advance in effort to restore ban

ZTE plunges as US lawmakers advance in effort to restore ban

The company’s Hong Kong shares slid to their lowest since July 2016, while its Shenzhen stock fell its 10% daily limit on Tuesday. A man rides a motorcycle past a ZTE Corp. building in Beijing, China. (Bloomberg pic) ZTE Corp. plummeted as much as 21% after American lawmakers green-lit a bill to restore severe penalties […]

June 19, 2018 | By | Reply More
Musk says Tesla hit with ‘extensive’ sabotage by employee

Musk says Tesla hit with ‘extensive’ sabotage by employee

The worker, who had been denied a promotion, did “quite extensive and damaging sabotage” to Tesla’s operations, Musk wrote in the memo late Sunday, which was reported in full by CNBC. Signage is displayed at the entrance to the new Tesla Inc. showroom in New York. (Bloomberg pic) SAN FRANCISCO: A disgruntled Tesla Inc. employee […]

June 19, 2018 | By | Reply More
Ringgit rebounds to open higher against US dollar

Ringgit rebounds to open higher against US dollar

KUALA LUMPUR: The ringgit rebounded to open slightly higher this morning on improved demand for the local unit amid rising oil prices, a dealer said. At 9.11am, the ringgit was quoted at 3.9950/4.000 against the greenback from 3.9960/9990 at yesterday’s close. Oil prices recouped recent losses ahead of the Organisation of the Petroleum Exporting Countries […]

June 19, 2018 | By | Reply More
Bursa Malaysia opens lower

Bursa Malaysia opens lower

KUALA LUMPUR: Bursa Malaysia opened lower today as the mood across markets remained unsettled on concerns over a further escalation in trade tensions between the US and China. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 6.64 points easier at 1,736.79 from Monday’s close of 1,743.43. The index opened 5.23 points lower […]

June 19, 2018 | By | Reply More
AT&T promises fewer ads, tailored programming after merger

AT&T promises fewer ads, tailored programming after merger

A major aim is to reduce the number of commercials now that customers are accustomed to ad-free services such as Netflix Inc Logos and trading information for AT&T and Time Warner are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S. (Reuters pic) LOS ANGELES: AT&T […]

June 19, 2018 | By | Reply More
Oil rises ahead of OPEC, China tariffs loom over US prices

Oil rises ahead of OPEC, China tariffs loom over US prices

US crude oil rose 79 cents a barrel to settle at $65.85(RM263.49). The contract traded at a two-month low of $63.59 early in the session. Brent crude jumped $1.90 to $75.34 a barrel. Oil rig. (Reuters pic) NEW YORK: Oil prices rose on Monday in volatile trade as market participants lowered their expectations for how […]

June 19, 2018 | By | Reply More
Pimco turns cautious on Malaysia as tax reform to hurt revenue

Pimco turns cautious on Malaysia as tax reform to hurt revenue

Pacific Investment Management Co says the new government’s economic reforms will hurt state finances. Pacific Investment Management Co holds a cautious view on Malaysia due to fiscal and political uncertainty, potential negative ratings action and uninspiring valuations. (File pic) KUALA LUMPUR: Pacific Investment Management Co is cautious on Malaysian bonds, predicting the new government’s economic […]

June 18, 2018 | By | Reply More
Fujifilm sues Xerox for well over RM4 billion after aborted merger

Fujifilm sues Xerox for well over RM4 billion after aborted merger

In a complaint filed with the US District Court in Manhattan, Fujifilm accused Xerox of breach of contract and engaging in “intentional and egregious conduct” in abandoning the $6.1 billion(RM24.4 billion) merger announced in January. Fujifilm Holdings’ logos are pictured ahead of its news conference in Tokyo, Japan.(Reuters pic) NEW YORK: Fujifilm Holdings Corp sued […]

June 18, 2018 | By | Reply More