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GDP growth to support Ringgit's trading next week

GDP growth to support Ringgit's trading next week

KUALA LUMPUR: The ringgit is expected to continue its upward momentum against the US dollar next week, propelled by Malaysia’s third-quarter gross domestic product growth as well as the possibility of the central bank revising the overnight policy rate (OPR). The Malaysian economy grew at a faster pace of 6.2% in the Q3, 2017 compared […]

November 18, 2017 | By | Reply More
Strong 3Q GDP to boost sentiment on Bursa M'sia

Strong 3Q GDP to boost sentiment on Bursa M'sia

KUALA LUMPUR: Bursa Malaysia is expected to trade firmer next week, taking the cue from the encouraging gross domestic product (GDP) data released last Friday. Affin Hwang Investment Bank Vice-President/Head of Retail Research Datuk Dr Nazri Khan Adam Khan said the 6.2% GDP growth, deemed as the strongest growth over the past three years, would […]

November 18, 2017 | By | Reply More
Apple pushes launch of HomePod smart speaker to early 2018

Apple pushes launch of HomePod smart speaker to early 2018

SAN FRANCISCO: Apple Inc has pushed the launch of its HomePod smart speaker to early next year from December, the company said on Friday, missing the holiday shopping season as the market for such devices becomes increasingly competitive. “We can’t wait for people to experience HomePod … but we need a little more time before […]

November 18, 2017 | By | Reply More
US rejects Ford petition to delay recall of three million vehicles

US rejects Ford petition to delay recall of three million vehicles

WASHINGTON: The US National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recalling about 3 million vehicles with potentially defective air bag inflators to conduct additional testing. The agency said it did not find the request by the second largest US automaker “reasonable under the […]

November 18, 2017 | By | Reply More
Volkswagen accelerates push into electric cars with US$40 billion spending plan

Volkswagen accelerates push into electric cars with US$40 billion spending plan

Volkswagen accelerates push into electric cars with US$40 billion spending plan Reuters WOLFSBURG/HAMBURG: Volkswagen approved a 34 billion euro (US$40 billion) spending plan on Friday that accelerates its efforts to become a global leader in electric cars. The world’s largest carmaker by unit sales will spend the money on electric cars, autonomous driving and new […]

November 18, 2017 | By | Reply More
Analysts: Tesla’s unfettered ambition will drain finances

Analysts: Tesla’s unfettered ambition will drain finances

CALIFORNIA: Tesla Incmay have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan, analysts said on Friday. Musk unveiled one flashy strategy for generating cash during the launch event Thursday for the Semi truck, surprising the audience […]

November 18, 2017 | By | Reply More
Fork talk lifts bitcoin to all-time high near US$8,000

Fork talk lifts bitcoin to all-time high near US$8,000

LONDON: Bitcoin hit an all-time high just below US$8,000 on Friday, on talk that a software upgrade whose suspension sent the cryptocurrency into a tailspin at the end of last week was, after all, going ahead within hours. Talk that the upgrade – which could split or “fork” bitcoin into two versions – would go […]

November 18, 2017 | By | Reply More
Broadcom closes US$5.5 billion Brocade deal

Broadcom closes US$5.5 billion Brocade deal

SAN FRANCISCO: Broadcom Ltd said on Friday it closed its acquisition of network gear maker Brocade Communications Systems Inc, giving it a larger share of the data center products market. Broadcom, which made a US$103 billion unsolicited bid for smartphone chip supplier Qualcomm Inc earlier this month that was rejected, agreed to buy Brocade in […]

November 18, 2017 | By | Reply More
BNM: Property market imbalances pose risks to economy

BNM: Property market imbalances pose risks to economy

KUALA LUMPUR: Imbalances in the property market pose significant risks to the overall economy in the event of a shock, said Bank Negara Malaysia (BNM) Governor Muhammad Ibrahim. He said Malaysia has a record high unsold residential properties of about 130,690 units until the first quarter this year, mainly for houses priced above RM250,000, while […]

November 17, 2017 | By | Reply More
SMIDEX 2017 achieves RM557.5m combined sales

SMIDEX 2017 achieves RM557.5m combined sales

KUALA LUMPUR: SME Annual Showcase & Conference (SMIDEX) 2017 has achieved RM557.5 million in business matching, surpassing SME Corp’s target of RM555 million, said Deputy International Trade and Industry Minister Datuk Ahmad Maslan. He was speaking at the Enterprise 50 (E50) dinner and award presentation here today. “SMIDEX 2017 saw the participation of 11,195 trade visitors […]

November 17, 2017 | By | Reply More