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Google announces patent agreement with Tencent amid China push

Google announces patent agreement with Tencent amid China push

BEIJING: Alphabet Inc’s Google has agreed to a patent licensing deal with Tencent Holdings Ltd as it looks for ways to expand in China where many of its products, such as app store, search engine and email service, are blocked by regulators. The US technology company has signed similar agreements before with Samsung Electronics, LG […]

January 19, 2018 | By | Reply More
Lies, tears and fake excel files at Credit Suisse banker’s trial

Lies, tears and fake excel files at Credit Suisse banker’s trial

GENEVA: Patrice Lescaudron, the former Credit Suisse Group AG banker on trial for taking money from the accounts of wealthy clients, found phoney Excel spreadsheets were the easiest way to keep customers in the dark about the fraud in their accounts. Lescaudron has admitted to falsifying trades and then distributing false statements to cover mounting […]

January 19, 2018 | By | Reply More
Perodua aims for 2% growth in car sales this year

Perodua aims for 2% growth in car sales this year

PETALING JAYA: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) which has no plans to launch a new model at this juncture, is targeting for the sale of 209,000 vehicles this year, which is a 2% jump from the 204,900 units sold in 2017. Speaking to reporters at the 2017 full year review briefing on Friday, Perodua’s […]

January 19, 2018 | By | Reply More
Perodua aims for 2% growth in car sales this year

Perodua aims for 2% growth in car sales this year

PETALING JAYA: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is targeting for the sale of 209,000 vehicles this year, which is a 2% jump from the 204,900 units sold in 2017. Speaking to reporters at the 2017 full year review briefing, Perodua’s president and CEO Datuk Dr Aminar Rashid Salleh said, this year the car maker […]

January 19, 2018 | By | Reply More
HSS rises 4.40% after being invited to submit proposal for bridge project

HSS rises 4.40% after being invited to submit proposal for bridge project

PETALING JAYA: HSS Engineers Bhd’s rose seven sen or 4.40% this morning, after its associate company HSS Integrated Sdn Bhd (HSSI) received invitation to submit a proposal to provide consultancy services for the execution of the Labuan-Menumbok Bridge Link. At 10.59am, the stock stood at RM1.66 with 394,400 shares changing hands. The group has a market […]

January 19, 2018 | By | Reply More
CCM shares up on news to reactivate Pasir Gudang plant

CCM shares up on news to reactivate Pasir Gudang plant

PETALING JAYA: Chemical Company of Malaysia Bhd’s (CCM) share price rose two sen or 0.93% this morning, after its subsidiary CCM Chemical Sdn Bhd (CCMC) approved the reactivation of its Pasir Gudang Works 1 plant, in a bid to grow its chlor-alkali business. As at 10.31am, the stock stood at RM2.18 with 63,400 shares changing hands. […]

January 19, 2018 | By | Reply More
IBM falls after sales in new business fail to impress bulls

IBM falls after sales in new business fail to impress bulls

NEW YORK: IBM managed to increase sales for the first time in almost six years, but that growth wasn’t fueled as much by cloud computing and other new products as some analysts had projected, causing shares to tumble. “The bulls were hoping for a beat on that segment,” said Daniel Ives, chief strategy officer at […]

January 19, 2018 | By | Reply More
Bursa Malaysia rebounds to open higher

Bursa Malaysia rebounds to open higher

KUALA LUMPUR: Bursa Malaysia rebounded from yesterday’s losses to open slightly higher today on renewed buying interest in selected heavyweights, amid a mixed start on regional markets, dealers said. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,824.10, up 2.50 points, from yesterday’s close of 1,821.60.It opened 1.79 points higher at […]

January 19, 2018 | By | Reply More
Perodua's vehicles sales projection increase 2pct to 209,000 units in 2018

Perodua's vehicles sales projection increase 2pct to 209,000 units in 2018

AYISY YUSOF   PETALING JAYA: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is targeting a two per cent increase in vehicles sales of 209,000 units in 2018 compared to 204,900 units sold last year.  President and chief executive officer Datuk Dr. Aminar Rashid Salleh said the slight sales increase will be mainly driven by continued strong […]

January 19, 2018 | By | Reply More
SoftBank is now Uber's largest shareholder as deal closes

SoftBank is now Uber's largest shareholder as deal closes

SAN FRANCISCO: A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber. The deal includes a large purchase of shares from existing Uber investors and employees at a discounted valuation […]

January 19, 2018 | By | Reply More