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Apple CEO opposes court order to help FBI unlock iPhone

Apple CEO opposes court order to help FBI unlock iPhone

February 17, 2016 Tim Cook insists hacking its own users would undermine decades of security advancements created to protect customers. NEW YORK: Apple Inc Chief Executive Tim Cook said his company opposed a demand from a US judge to help the FBI break into an iPhone recovered from one of the San Bernardino shooters. Cook […]

February 17, 2016 | By | Reply More
Iran says will resist curbs on oil output as part of global pact

Iran says will resist curbs on oil output as part of global pact

ANKARA/DUBAI: Iran said on Wednesday it would resist any plan to restrain its oil output as fellow OPEC ministers tried to persuade the country to join the first global oil pact in 15 years. Talks in Tehran between Iranian oil minister Bijan Zanganeh and his counterparts from Iraq, Qatar and Venezuela began on Wednesday. Iran […]

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Iranian banks reconnected to global payments network

Iranian banks reconnected to global payments network

DUBAI: Global transaction network SWIFT has reconnected a number of Iranian banks to its system, allowing them to resume cross-border transactions with foreign banks after the lifting of sanctions on Tehran, a SWIFT official said. Iranian banks were disconnected from Belgium-based SWIFT, the Society for Worldwide Interbank Financial Telecommunication, in March 2012 as international sanctions […]

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T-Mobile profit nearly triples as it adds more customers

T-Mobile profit nearly triples as it adds more customers

REUTERS: T-Mobile US Inc’s profit nearly tripled in the holiday quarter as aggressive price cutting and offers helped it draw customers away from competitors. T-Mobile added a net 2.1 million customers in the three months ended Dec. 31. The company’s average revenue per postpaid user fell marginally to US$48.05 in the fourth quarter from US$48.26 […]

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Bombardier to cut about 7,000 jobs over next 2 years

Bombardier to cut about 7,000 jobs over next 2 years

REUTERS: Canadian aircraft and train maker Bombardier Inc said it would reduce its workforce by about 7,000 over the next two years, while ramping up hiring to support production of its CSeries commercial jets. The company said it had signed a letter of intent with Air Canada for up to 75 CS300 aircraft for as […]

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Shares in FGV a strategic investment, says Tabung Haji

Shares in FGV a strategic investment, says Tabung Haji

KUALA LUMPUR: Lembaga Tabung Haji (TH) today clarified that its shareholdings in Felda Global Ventures Holdings Bhd (FGV) are a long-term strategic investment in one of its priority sectors for investment. Depositors need not worry as their money has not vanished as alleged and their deposits are guaranteed, TH said in a statement today. The […]

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A Construction Giant in the Making

A Construction Giant in the Making

Choo and Dr Yeoh Vivocom transforms into a force to be reckoned with in the construction industry in the last few months    Over the past few months, one particular counter has captured the imagination of the investing public. It’s a phenomenon rarely seen on Bursa Malaysia, as the company transformed into the biggest ACE […]

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Ringgit ends lower in line with regional currencies

Ringgit ends lower in line with regional currencies

KUALA LUMPUR: The ringgit closed lower against the US dollar in line with other emerging Asian currencies as investors continued to place their bets on the US dollar. At 5pm, the local unit was traded at 4.2140/2200 against the greenback from 4.1500/1550 yesterday. Investors favoured the US dollar mainly due to the Federal Reserve’s continued […]

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Bursa Malaysia ends in negative territory

Bursa Malaysia ends in negative territory

KUALA LUMPUR: Bursa Malaysia ended in negative territory today in line with most regional markets after recent gains, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended 0.67 point weaker at 1,664.32 compared with Tuesday’s close of 1,664.99. The index, which hovered between 1,658.27 and 1,669.02 today, had opened 6.24 points […]

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Nissan to build cars in Myanmar for first time

Nissan to build cars in Myanmar for first time

YANGON: Japanese auto giant Nissan will start assembling cars in Myanmar for the first time this year, the company said on Wednesday (Feb 17), as it expands its presence in one of Asia’s final economic frontiers. Foreign companies have piled into the Southeast Asian nation since reforms began in 2011, eager to tap into a […]

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