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Ringgit higher against US dollar in early trade

Ringgit higher against US dollar in early trade

KUALA LUMPUR: The ringgit was higher against the greenback in early trade today as demand for the local note improved on the back of stronger global oil prices. At 9.21 am, the local unit stood at 4.1490/1530 against the US dollar from 4.1515/1555 recorded yesterday. A dealer said higher global oil prices helped lift market […]

October 17, 2018 | By | Reply More
Uber valued at US$120 billion in an IPO? Maybe

Uber valued at US$120 billion in an IPO? Maybe

Pedestrians walk past the Uber Technologies Inc headquarters building in San Francisco. (Bloomberg pic) SAN FRANCISCO: Uber Technologies Inc has been told by banks that it could be a US$120 billion (RM498 billion) company when it goes public. Investors will be the ones who decide, though. That eye-popping valuation was sketched out to the company […]

October 17, 2018 | By | Reply More
Up to 70% off with AirAsia!

Up to 70% off with AirAsia!

IT’S the year-end, a time when many are planning for that well-deserved break. And what better time to make your flight booking than now with AirAsia’s irresistible offer. Receive up to 70% discount to all destinations on AirAsia when you book your flights on airasia.com and the AirAsia mobile app between now and Oct 28 […]

October 17, 2018 | By | Reply More
Forbes experiments with Civil blockchain platform

Forbes experiments with Civil blockchain platform

Forbes has just announced a partnership with blockchain journalism network Civil, making it the first major international media brand to test the waters and publish content to the Civil decentralised platform. The partnership will see Civil’s blockchain publishing tools integrated into ‘Bertie’, Forbes’ content management system (CMS). The integration of the blockchain into Bertie will provide […]

October 17, 2018 | By | Reply More
Netflix crushes estimates, renewing faith after July letdown

Netflix crushes estimates, renewing faith after July letdown

Netflix signed up 6.96 million customers in the quarter, according to a statement Tuesday, boosting its global total to 137.1 million. (AFP pic) LOS ANGELES: Netflix Inc.’s Cinderella story isn’t over just yet. The world’s largest paid online TV network added far more subscribers than analysts forecast in the third quarter and issued an upbeat […]

October 16, 2018 | By | Reply More
Uber boosts junk-bond offering to US$2 billion

Uber boosts junk-bond offering to US$2 billion

Uber set final terms for the debt including a US$1.5 billion (RM6.23 billion) portion of eight-year bonds and US$500 million of five-year securities. (Bloomberg Pic) NEW YORK: Uber Technologies Inc. increased the size of its debut bond offering as orders for the private placement swelled in a market hungry for deals, according to people with […]

October 16, 2018 | By | Reply More
China fines pharma firm US$1.3 billion in vaccine scandal

China fines pharma firm US$1.3 billion in vaccine scandal

The fine and asset seizure is the latest move by authorities to punish Changchun Changsheng Biotechnology (AFP pic) BEIJING: Chinese authorities have slapped penalties totalling a whopping US$1.3 billion on a pharmaceutical company over a vaccine scandal that fuelled public fears of domestically-made medicine, drug regulators said Tuesday. The massive fine and asset seizure is […]

October 16, 2018 | By | Reply More
Uber IPO proposals value company at US$120 billion

Uber IPO proposals value company at US$120 billion

Uber ride-hailing app (Bloomberg pic) NEW YORK: Ride-hailing giant Uber Technologies Inc could be valued at US$120 billion, when it finally goes public next year according to proposals made by US banks bidding to run the offering, the Wall Street Journal reported on Tuesday. The proposed valuation of the company is about US$50 billion more […]

October 16, 2018 | By | Reply More
Huawei launches new flagship phones in bid to keep No. 2 spot

Huawei launches new flagship phones in bid to keep No. 2 spot

A Huawei mobile phone display at the Beijing International Consumer Electronics Expo. (AFP Relaxnews pic) LONDON: Huawei unveiled new flagship smartphones with novel smart camera and video features on Tuesday, as it seeks to sustain momentum among price-conscious consumers. The Chinese company, which overtook Apple this year to become the No. 2 smartphone maker by […]

October 16, 2018 | By | Reply More
US judge approves SEC settlement with Tesla, shares jump

US judge approves SEC settlement with Tesla, shares jump

Elon Musk of Tesla (Bloomberg pic) NEW YORK: A US judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signalling an end to a tumultuous period for investors. Tesla shares rose as much as 5.5% to […]

October 16, 2018 | By | Reply More