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Microsoft CEO sells $36 million in stock to start trading plan

Microsoft CEO sells $36 million in stock to start trading plan

Nadella will continue to divest shares in the next year through the structured plan in which he doesn’t control the timing or amounts sold, the company said Friday. Microsoft Corp. Chief Executive Officer Satya Nadella. (Bloomberg pic) SEATTLE: Microsoft Corp. Chief Executive Officer Satya Nadella has sold 328,000 shares valued at $35.9 million for financial […]

August 11, 2018 | By | Reply More
Bursa Malaysia likely to trend higher next week on foreign buying

Bursa Malaysia likely to trend higher next week on foreign buying

KUALA LUMPUR: Bursa Malaysia is likely to trend higher next week after recording gains over the past five consecutive weeks amid follow-through foreign buying. Inter-Pacific Securities Sdn Bhd Head of Research Pong Teng Siew expected foreign investors would remain as the net buyers in the local equity market in the near term of a month […]

August 11, 2018 | By | Reply More
Oracle accused of defrauding investors on cloud sales growth

Oracle accused of defrauding investors on cloud sales growth

City of Sunrise Firefighters’ Pension Fund claimed Oracle engaged in coercion and threats to sell its cloud-computing products, creating an unsustainable model that fell apart. The Oracle Corp. headquarters stands in Redwood City, California, U.S., on Saturday, June 15, 2013. Oracle Corp is expected to release earnings data on June 20. (Bloomberg pic) SAN FRANCISCO: […]

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Tesla is seeking a wide investor pool for its take-private plan

Tesla is seeking a wide investor pool for its take-private plan

Billionaire founder Musk would prefer to amass a group of investors who could each contribute part of the funds because he wants to avoid having one or two large new stakeholders in the company. Customers browse vehicles at the Tesla Inc. showroom in Newport Beach, California. (Bloomberg pic) LONDON: Tesla Inc. Chief Executive Officer Elon […]

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Ringgit expected to weaken versus US dollar next week

Ringgit expected to weaken versus US dollar next week

KUALA LUMPUR: The ringgit is likely to trend lower against the US dollar next week on continued downward pressure driven by external concerns, an analyst said. FXTM Global Head of Currency Strategy and Market Research Jameel Ahmad said investors sentiment would likely be influenced by trade war concerns and geopolitical uncertainty. He said this followed […]

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Erdogan tells Turks to buy crumbling lira as Trump turns the screws

Erdogan tells Turks to buy crumbling lira as Trump turns the screws

The lira has long been falling on worries about Erdogan’s influence over monetary policy and worsening relations with the United States. Turkish President Tayyip Erdogan addresses his supporters in Bayburt, Turkey August 10, 2018. (Reuters pic) ISTANBUL/WASHINGTON: President Tayyip Erdogan told Turks on Friday to sell their gold and dollars to support the crumbling lira, […]

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World Bank to issue world’s first blockchain bond

World Bank to issue world’s first blockchain bond

The technology is most often associated with cryptocurrencies — like bitcoin — which often raise suspicion about their reliability and volatility, as well as their use for criminal purposes. World Bank. (Reuters pic) WASHINGTON: The World Bank is taking a step into the brave new world of digital finance to sell the first-ever bond to […]

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MAHB's potential ISG disposal fuels airports expansion locally

MAHB's potential ISG disposal fuels airports expansion locally

<p>KUALA LUMPUR: Turkish Airlines is bidding to buy a majority stake in Istanbul’s second airport from Malaysia Airports Holdings Bhd, a deal analysts said will raise the much-needed funds for the airport operator’s domestic expansion.</p> © New Straits Times Press (M) Bhd

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UK’s richest man has billions of reasons to move to Monaco

UK’s richest man has billions of reasons to move to Monaco

Monaco government highlights “favourable” tax treatment for individuals as one of the sovereign state’s characteristics. Jim Ratcliffe. (AFP pic) LONDON: Monaco’s decision to scrap income taxes dates back to the time of the American Civil War. The move has since helped draw scores of wealthy individuals to the city-state on the French Riviera, and Monaco […]

August 10, 2018 | By | Reply More
Robust growth pushes Canada’s jobless rate to lowest since 1970s

Robust growth pushes Canada’s jobless rate to lowest since 1970s

The economy added 54,100 jobs, marking a second straight month of exceptionally strong labour market gains. The unemployment rate declined to 5.8% from 6% in June, matching the lowest level since the 1970s. (Bloomberg pic) OTTAWA: Canada’s jobless rate returned to four-decade lows in July on stronger-than-expected employment gains, adding to evidence the nation’s economy […]

August 10, 2018 | By | Reply More